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The Unsettler
Join Date: Dec 2002
Location: Lantanna TX
Posts: 23,885
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Put it on fleabay with a reserve 4x's what you paid for it.
If that's all you get then you can give a 1/4 to your bud to assuage your guilt and you are still taking money off the table. If it were me and I ended up getting stupid ridiculous money for it I'd give my buddy half minus what I paid him for it. But that's me. YMMV.
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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08-15-2011, 09:22 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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U are right to flip it, if you don't have the stroke to do it right. The guy who does do it right is REALLY CUTTING HIS PROFIT MARGIN in the car as he is going to close the gap between what it is worth and what he has in it. When finding a car like that it is BEST to flip it and make the DINERO (unless you have VERY VERY deep pockets). Then you can go on to something else. I guarntee there is ALWAYS something else just around the corner. A Pre A might be something special, but there are other Speedsters out there and that puts a ceiling on their value. BTW Do not do anything to that car except for cleaning it up. Guys who want that car want it just the way you found it.
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Copyright "Some Observer" Last edited by tabs; 08-15-2011 at 09:53 AM.. |
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08-15-2011, 09:48 AM
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Registered
Join Date: Jan 2007
Posts: 11,758
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I'm surprised Grady Clay hasn't chimed in. A lot of sound advice here, but I would value his input if I were trying to make this kind of decision.
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08-15-2011, 06:31 PM
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Registered User
Join Date: Jun 2011
Posts: 18
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I did talk to John Wilhoit, he said he can probably find a buyer for me. I would have loved to take this project on but my finances aren't there the amount I would have to spend is way more than I will ever have. I hate to get rid of it but I will never be able to do it justice.
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08-15-2011, 06:37 PM
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Team California
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Here is what you should do: Take good pictures and put it on eBay with a ridiculous reserve, more than you think you can possibly get for it. Maybe $75k or more. Do not disclose the reserve to anyone, including on this thread or another here. You will get countless emails from bidders asking what your reserve is. Respond to (1) of them and post the question and answer on the listing: "I will not disclose the reserve out of fairness to all bidders. Bid what you are willing to pay". If it was me, I'd make the reserve $1M to fk with guy who will bid $80k just to find out the reserve and then cancel his bid. But that's just me.
The car will get worldwide exposure to everyone, and I mean everyone who is even remotely a buyer for it. It will get coverage on various BBSs where people track 356s and vintage cars in general. The threads will all be titled, "Pre-A cab on eBay". For $100, (or whatever an eBay car listing costs these days), you will get about a million dollars worth of advertising and get countless offers from legit buyers. You will in effect have *an auction within an auction*, that is to say that you do not really want to sell it on eBay. An eBay "winner" has at least a 50/50 chance of flaking or not performing, then you have to re-list it and now everyone thinks that it's tainted merchandise and the (real) bids get lower. The way that you want to sell it is face-to-face for cash to a legit buyer who has either inspected it in person or had their agent inspect it in person. EBay is by far and away the best forum for advertising a car such as this but not the best place to sell it always, IMO. Believe me, I've thought these situations through thoroughly. Good luck!
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Denis |
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08-15-2011, 07:33 PM
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Team California
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Denis |
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08-15-2011, 07:36 PM
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Detached Member
Join Date: May 2003
Location: southern California
Posts: 26,964
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Hugh Last edited by Hugh R; 08-15-2011 at 08:12 PM.. |
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08-15-2011, 08:05 PM
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Registered
Join Date: Apr 2006
Posts: 2,103
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I agree with speeder's plan. I would not rush to sell a car that has this kind of value. Do the research and follow a well-thought out plan. You don't want to make the sale and then realize you could have made a substantial bit more. It may seem counter intuitive that an incomplete vehicle that needs considerable work is more complicated to price than a complete, restored vehicle, but it is the provenance and value post-restoration that makes this sort of sale such a conundrum. Best of luck and I would heed the advice of the guys on this site.
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Ass-engine Nazi slot car -- PJ O'Rourke |
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08-17-2011, 07:54 PM
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The Unsettler
Join Date: Dec 2002
Location: Lantanna TX
Posts: 23,885
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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08-17-2011, 07:57 PM
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- Self Moderating -
Join Date: Jun 2003
Location: Sk, Canada
Posts: 1,151
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Any updates on this?
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Tim Present: 57 Intermeccanica Speedster Ivory on Brown Past: 85 911 Carrera Coupe Silver on Black, 57 Intermeccanica Speedster White on Tan |
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08-22-2011, 07:58 AM
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Registered
Join Date: Oct 2007
Location: Neptune Beach, Florida
Posts: 31
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Wow, cool story. I had all but forgotten about this site until catching up on the 356 Registry. Don't recall seeing it over there, however, have barely been on there either the past year. I too am curious to read any upates....
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09-21-2011, 07:15 PM
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Registered
Join Date: Apr 2007
Location: Hudson Valley, New York
Posts: 4,269
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This might help. I had 80244, very close to your car. Sold it for $62,000, went back to the Fatherland.
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http://www.unobtanium-inc.com 356 Registry 17369 Early 911S Registry 912 Registry, PCA |
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09-22-2011, 05:59 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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The way the Vaterlund is looking these days there may not be many more being repatriated
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Copyright "Some Observer" |
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09-22-2011, 08:19 AM
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Registered
Join Date: Nov 2005
Location: CA
Posts: 7,289
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How much $ and how long have you put in it, if you don't mind?
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Fat butt 911, 1987 |
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09-22-2011, 10:01 AM
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Team California
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Holy shyte buckets. That's a lot of $$ for that rusty piece of sheet metal.
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Denis |
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09-22-2011, 10:34 AM
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one of gods prototypes
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Brought to you by Carl's Jr. |
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09-22-2011, 06:32 PM
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Registered User
Join Date: Jun 2011
Posts: 18
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I sold the car to John Wilhoit I didn't get $62,000 but I got enough. It was wrecked before and needed just about every panel replaced.
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10-01-2011, 06:50 AM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,989
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Cool, glad it found a good home.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
Last edited by masraum; 10-01-2011 at 09:26 AM.. |
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10-01-2011, 09:22 AM
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Team California
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Smart move.
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Denis |
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10-01-2011, 09:24 AM
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1985 Porsche 911 carrera targa 3.2
