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Registered
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Shopping for old car- rare vs desireable ?
Since my wifes car was wrecked and written off by the insurance co she has taken over my suv which I used as a shop car. So now I am shopping for a replacement for my suv so I don't have to use the Porsche to run packages to Fed-ex and pick up parts at the powder coaters. I decided instead of spending a bunch of money on a new suv I would get something really cool . I had always liked the 36-37 Ford and started looking for a sedan delivery in those years. I wanted something fairly stock looking but with modern updates, v/8, auto trans, air, modern suspension. Now, Ford only made about 16,000 of these 36 and 37 combined so they are fairly rare and not many are for sale, maybe 3 right now nation wide. My question is even though they are fairly rare, they are about 5th on the list as far a desireability in that group of cars , why do the owners want so much money for them. I know a guy that has 2, a 36 and a 37 that are only about 40 miles from me but he wants $59,000.00 each for them. As a hot rod or street rod they are not first on the list so the number of people looking for them is small. There has been 3 or 4 in auctions this year and none have been bid over $32,000.00 with no sale. I found out later that the reserve on at least 1 was $65,000.00. I don't think "rare" equals high priced if there is no one to buy it at that price.
http://www.carnut.com/cgi-bin/03/_image.pl?/show/03/pbo/nat1330.jpg This is what I be looking for. This is just a random pic I found and can't find the owner. Jerry |
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Join Date: Apr 2002
Posts: 30,532
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Sounds like you have a seller that doens't really want/have to sell, so he attaches a premium price tag and waits indefinitely for "the right" buyer to come along. I'd pay his asking price in a heartbeat before I'd buy a new SUV though
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The guy in L.A. that has the 36 and the 37 has has them sitting in a warehouse for at least 20 years and rarely drives them. They just come out for a regular cleaning and then back to the stable. It seems like such a shame for them to just sit there. He doesn't even really care about them, they were given to him by his father that was a collector of old cars and stuff All of the cars were owned by the company and when his father turned it all over to him the cars were included. He even has a 356 carrera 4 cam with all matching numbers in factory original condition. I know the father but when I tried to talk to him about the cars he just said it all belongs to Jr. now, you have to talk to him. The father is a really nice self made millionair and the son is a jerk.
Jerry |
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