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Username Post: Off Topic - Selling a restmod; pricing? Methods?        (Topic#355589)
56_Kruiser 
Valued Contributor
Posts: 2815
56_Kruiser
Loc: St. Augustine, Fl
Reg: 09-23-05
03-12-19 07:41 AM - Post#2761921    

Those of you that peruse my thread on the build of my '61 Belair Bubbletop know I am considering sale of it.

I'm curious how those of you selling these classics come up with a fair price. I don't know that I have confidence in finding an appraiser that would be able to determine a value for a restomod. (I certainly don't have faith in home appraisals ).

Just for the moment I have put a price of 119K on it.

How did I come up with that price? I've recently seen two different very nice bubbletops on eBay, for sale by classic car dealers for 119K. They were on only 1 week, and I have no idea if they sold them or for what price.

They appeared definitely same quality as mine, but I'm sure they were minus some of the features I have in mine. The interiors on neither approached the quality and style of mine. (Of course that is a personal opinion). Of course, nobody (at least that I know) expects to make money on building an old car and reselling it. Best bet, buy one already built (of course, you never really know what you are getting).

So with close to 115K invested, and 2250 hours, I think it is a bargain at 119K compared to if someone had to pay a professional shop to build one exactly like mine.

The (long, 10 minute) video at bottom will demonstrate modern features that typically are not found in old cars.

As far as how to sell: I've thought about putting on eBay. Of course there are a lot of web sites that a person could advertise on. I had a friend last night suggest I use Gateway . He had good luck with them.

I'm interested in your thoughts.

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1956 Chevy
Vid of 61
61 Chevy


 
Ecklers AutoMotive
pvs409 
"7th Year" Gold Supporting Member
Posts: 2475
pvs409
Loc: Sergeant Bluff, Iowa
Reg: 01-10-05
03-12-19 09:26 AM - Post#2761923    
    In response to 56_Kruiser

I suggest you read these comments on gateway.
https://www.trustpilot.com/review/gatewayclassic ca...

and this one on from the Corvette forum
https://www.corvetteforum.com/forums/c3-general/38...


Look up your car or 61 & 62 bubble tops on Barrett Jackson under "results" search all auctions -you will get sales for the last 8 + years (you have to register a e-mail address to see the results)
Keep in mind that Barrett Jackson is a no reserve auction so having enough bidders raises prices, if its sold without many bidders /and or the wrong time/day the price can be cheap.
We have had 3 local area classic car restoration companies get burned by $ 25,000/ 30,000 per car when there cars at the Scottsdale auction. did not sell for the $ they thought they would get would get for the cars.

here a link under Barrett Jackson Results for 1961 and 1962 Belairs - 9 pages of results
https://www.barrett-jackson.com/Archive/Home

Also search Mecum auction for results of their auctions have to register a e-mail address to see results (which are mostly reserve auctions)

77 sales on this link

https://www.mecum.com/infonet/search/

Paul

57 BelairHT 283/270hp 4 spd
62 ImpHT 327/300 4 spd
62 Imp CV SS 327/300HP 700R4 (sold)
62 Imp HT SS 409/482 stroker 4 spd
62 Imp SS 409 - 5 spd Convertible
http://paulstensland.com


 
56_Kruiser 
Valued Contributor
Posts: 2815
56_Kruiser
Loc: St. Augustine, Fl
Reg: 09-23-05
03-12-19 01:07 PM - Post#2761936    
    In response to pvs409

Thanks for taking the time for that post. I appreciate it.

Looking through the list on Barret J I found 1 61 sold in 2013 that was similar to mine in components, sold for 150K.

I didn't find anything with LS engines, or with an interior as high end as mine has.

I will also do a seacrh on Mecum.

Sounds like Gateway should be avoided.

There is a gentleman down here that I know who is pretty big in the car scene down here, building a large warehouse to house his collection, have events and to do consignments. I may end up using him.



1956 Chevy
Vid of 61
61 Chevy


 
56_Kruiser 
Valued Contributor
Posts: 2815
56_Kruiser
Loc: St. Augustine, Fl
Reg: 09-23-05
03-12-19 01:30 PM - Post#2761939    
    In response to 56_Kruiser

Just went through Mecum. I find one there very close to my component list. Nice custom interior. It's a future sale.

From looking through the list (albeit mostly Impalas...Bel Air bubbleltops more rare), my asking price seems a reasonable starting point. May draw that, may not.

I may dabble with an eBay listing, may watch for a Mecum Kissimmee auction.



1956 Chevy
Vid of 61
61 Chevy


 
Tri5man 
Valued Contributor
Posts: 3752
Tri5man
Loc: Possums Crotch, KY
Reg: 06-26-07
03-12-19 01:57 PM - Post#2761942    
    In response to 56_Kruiser

Stay away from Gateway they are garbage. Their Feedback Rating I believe is below 80% along with numerous online complaints. You just missed Mecums Kissimmee. It was the beggining of January 2019
.
I buy, build and sell cars all the time. For pricing I determine how much I have into it and add on another 8-10K for profit. Not trying to get rich just trying to supplement my retirement a bit. Definitely not in the business to lose money.

The last car I sold was a 63 Impala 2 door that was a nut and bolt frame off restoration. Probably one of the nicest cars I've ever sold. Thought it would sell real fast. Took just over a year to sell but very happy with what I got for it. One thing for sure is the higher the price the harder they are to sell. Don't get too discouraged as theres probably not too many buyers in your price range.

I listed the car on numerous free web sites such as CT, Racing Junk, Facebook sites such as Street Machinery, American Hot Rods, 60-64 Chevies, Impala Trader and more. The car finally sold as a result of a free add I had on the Jalopy Journal HAMB Classifieds. With all the for sale adds I had I got very few inquiries. The first person who came to see the car bought it.

I used to use eBay when their adds were free. Now I believe theres a $50 fee for each car for sale listing.

Good luck and keep us posted on your sale.

Gary



 
pvs409 
"7th Year" Gold Supporting Member
Posts: 2475
pvs409
Loc: Sergeant Bluff, Iowa
Reg: 01-10-05
03-12-19 04:54 PM - Post#2761957    
    In response to Tri5man

Mecum at Indy ( May 14 - 19) is also a very good auction, might be better than Kissimmee for quality of cars & buyers.
Paul

57 BelairHT 283/270hp 4 spd
62 ImpHT 327/300 4 spd
62 Imp CV SS 327/300HP 700R4 (sold)
62 Imp HT SS 409/482 stroker 4 spd
62 Imp SS 409 - 5 spd Convertible
http://paulstensland.com


 
56_Kruiser 
Valued Contributor
Posts: 2815
56_Kruiser
Loc: St. Augustine, Fl
Reg: 09-23-05
03-13-19 09:19 AM - Post#2761986    
    In response to Tri5man

  • Tri5man Said:
...One thing for sure is the higher the price the harder they are to sell. Don't get too discouraged as theres probably not too many buyers in your price range....



I'm sure that is the case.

  • pvs409 Said:
Mecum at Indy ( May 14 - 19) is also a very good auction, might be better than Kissimmee for quality of cars & buyers.
Paul



I was thinking about Indy after I posted, as I realized I missed Kissimmee.

I have mixed emotions about auctioning it. It's definitely pricey, especially if on a reserve, which would be a must, I think.

While I'm being wishy washy about pulling a trigger for auction, I'll try some of the free sites that Tri5man mentioned. I'm not necessarily in a hurry to sell, but the sooner I sell, the fresher the car will be.






1956 Chevy
Vid of 61
61 Chevy


 
lone star 
Contributor
Posts: 170

Reg: 08-24-08
03-14-19 05:57 AM - Post#2762048    
    In response to 56_Kruiser

Its a nice car but i dont see it bringing 120k. Maybe i hang aroubd too many poor people



 
56_Kruiser 
Valued Contributor
Posts: 2815
56_Kruiser
Loc: St. Augustine, Fl
Reg: 09-23-05
03-14-19 06:26 AM - Post#2762050    
    In response to lone star

I'm sure there are many, if not most, who agree with you.

1956 Chevy
Vid of 61
61 Chevy


 
Ecklers AutoMotive
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