Stock 73 sold for $45,995

quote:

Originally posted by wpl:
Guys, Don't you think that these same buyers wish to buy turnkey cars that do not need any work if you will. The vehicle has been gone thru and ready to be driven.
wayne

Of course wpl. But you also have to realize some of these cars have had over one hundred thousand dollars put into their restoration. It is only natural to want something for nothing. YOu can't really expect those guys to turn around and take such a huge loss when they usualy don't even need to sell their cars. Now a car that needs a lot of work, sells for less because it will take a lot of money to get it to the standard they want. I know there are people out there who like to fix things and some of them like it so much they do take a loss when they sell and buy their next thing to work on. BUt those guys are few and far between. When you find one of them, you need to thank God he made people like them.

Isn't it strange how stupid people are with money?
Why would some one spend over $100,000 on a restoration knowing that the car was only worth $35000?

quote:

Originally posted by PanteraDoug:
Isn't it strange how stupid people are with money?
Why would some one spend over $100,000 on a restoration knowing that the car was only worth $35000?

LOL, Hey Doug, that would be me! I just put 30K in an MGB!:

Check out my restoration:
http://www.rc-tech.net/MGB/

I doubt I could get $20K if I tried to sell the car. I don't however have any intention of selling it.But it is my creation. Maybe it will have 10-15K more then what it's worth when done but it is what I wanted. If I wasn't doing that I could have been wasting the money on something else (golf, Vegas).

I think the problem is in pursuit of a dream it often ruins the dream. Often after people put so much money, time and effort into a car they simply get burned out with it, it causes them to have new dreams and are ready to m,ove on to the next dream. I know why people do it but no it doesn't make much sense.

G

I'll bet a 347 would fit in that pretty well?

Maybe, it has a prety large engine bay. Chevy 350's are common. Actually the V6 has 2x the power (or more) and the weight is about equal to the cast iron neandrithal engine that came in the MGB.

What I should have done with my life..... Graduate high school...buy a hemi cuda..put it in storage.....worked at the post office for 25 years.. Sold the hemi Cuda.... Retire in paradise as a multi millonaire..If i think back to some of the cars i had owned and sold..70 1/2 Z28, 64 Corvette conv. Sad...The day after I sell my Pantera, then they will be worth big money. I am glad i bought mine when i did. I'm saving for another...

I wouldn't have been old enough but after WWII, a lot of warbirds were sold for the cost of the fuel in their tanks. P-51's now sell for 1-5 million depending on condition and history. There was an old tale of a man in Texas who has hid several old warbids in a cave. Never heard if it was true:

quote:

Originally posted by PanteraDoug:
Isn't it strange how stupid people are with money?
Why would some one spend over $100,000 on a restoration knowing that the car was only worth $35000?

Because when they are all done the have a car exactly the way they wanted it. They know every nut and bolt in that car, the artistry is the work of their own hand, their own vision. When they take it to car shows and watch people oogle it, lust after it, they know they are being complimented on their abilities and vision. They do this with no intention of selling it. They think they will drive it until they die. But then the wife gets pissed that he is spending too much time with the car and his buddies. She thinks he must be having an affair if he is away so much, or the guy gets cancer and the doctor says he only has a couple good years left, and he starts thinking about the whole his death will leave behind for his family to deal with, or maybe he gets transfered, or loses his cushy job, or he is a surgeon and his alchoholism finally catches up to him. Anyway he winds up having to sell that which was a labor of love, and some dickhead says he will only give himm 10,000 dollars for it and he better take it because he will not get a batter offer, and some other guy offers him three chrysler minivans and a yamaha 650 for it, and yet another guy comes along and wants to test drive it alone for a couple days before he will consider buying it.
That is why someone would put 100K in a car that isn't going to resell for that much. At least it might be one reason.

There was man in our town who spent his lifetime collecting Volvo's. He died last year and his son called in the crusher and scrapped a liftime of collecting for scrap. I watched these cars get pulled from the woods, many, many from the old round body all the way up to late 80's wagons. His son could have sold Volvo parts for life...........CRUSHED....must have been 200 cars. I'm putting a reverse mortgage on my car.

I checked into being buried in mine. It is against state law, even if you do drain all the fluids.

Bury? Why do we have to bury you in it? We'll just put you behind the wheel and park it in the garage...and drain which fluids the cars or yours?

After looking at all the Pantera porn here I don't have any fluids left.

Thanks for putting it in perspective Doug!
Remember Doug the majority of people are right handed
not left, just something to think about.
Dennis

Don't mention it DU.
Real men are ambidexterous.

hell i didnt die yet
maybe next time ill take the wall headon
keepum rollin

I wish you lots of good luck on your project. You have more courage then I.

I actually had looked at a thief/recovery that was a lot worse then this one.
It had been laying in the mud, about 6" of it, for a couple of years before it was auctioned off for $7500.
In all honesty, the only salvageable piece was the ZF, maybe.

I'm sure that even the bottom 6" of the car were completely rotted out.

It had to be dragged up on the flatbed with a winch and parts were falling off of it as they did it.

Had it been stored correctly it would have been rebuildable.
I can't believe how stupid the recovery people were.

I thought it was worth $500. What do I know?