How did this car not sell?
#1
How did this car not sell?
So I'm watching the Mecum auction in KC last weekend, and a 71 Cutlass Supreme 442 W-30 replica comes up for auction. Now we all know Olds never made a 442 CS hardtop, let alone a W-30. This car was absolutely beautiful, but it is a CS at best. This car got a lot of love from the bidders and eventually gets to $37.000. Then to my astonishment, it doesn't sell and goes to the bid goes on. Are 71 CS hardtops worth this much money? This car is a replica of a car that Oldsmobile never made. Then is it actually replica then? humm...I can't imagine the owner had that much money into the car that he wouldn't take $37.000. A 71 CS convert 442 W-30 replica maybe. Am I way off on this or should have it sold for that much?
#2
I completely agree with your take but who knows how much that guy has in that car. I bet over 50k easily that paint still looks wet. I like Supremes but admit they aren't for everyone but that car looks awesome. Again just cause someone has 10k or 100k of cash in a car doesn't mean that car is worth 2k to those bidding.
I'd say one would be hard pressed to build that car for 37k
I'd say one would be hard pressed to build that car for 37k
#3
My first car was a CS so I love them too. Your probably right with your 50k estimate. I'm not lying, this car was beautiful. The paint was probably the nicest paint job I've seen.
#4
I believe that is the same car that didn't sell in Houston 3 weeks earlier at $34k. I saw it in person. I was shocked that the bid went that high. It was shiny, but i didn't think it was done all that well (besides the obvious being built on the wrong body style issue).
#5
& when it doesn't sell
There is NO guarantee that there were any bids near the last figure rattled off by the auctioneer ..... they're looking for that next bidder to be the one that "WINS" the auction.
There is NO guarantee that there were any bids near the last figure rattled off by the auctioneer ..... they're looking for that next bidder to be the one that "WINS" the auction.
#6
What a circus. Bring a bunch of guys with a lot of money around. Give um some free drink passes to loosen the money up. Hype average cars to new extremes. And a fool and his money are soon parted. Or in this case not. Maybe it was the owner who had the free drink passes?
#7
That is the thing. What looks great on TV under the bright lights might lose its luster in person. This car hit on one of my pet peeves and that is putting 442 emblems on hard top Supremes. Nothing says well done clone like the wrong body style. $37K seems like strong money for that car if you consider that a nicely restored Supreme done stock brings low $20's and a real deal SX would prob push to get to $37K.
#10
Another fine example of a car is only worth what someone is willing to stroke a check for vs what an owner is willing to accept. That car needs 1 buyer that will fall in love, and apparently has not found it yet.
In most cases the old saying about "there is in A$$ for every seat" eventually applies,
In most cases the old saying about "there is in A$$ for every seat" eventually applies,
#11
Another fine example of a car is only worth what someone is willing to stroke a check for vs what an owner is willing to accept. That car needs 1 buyer that will fall in love, and apparently has not found it yet.
In most cases the old saying about "there is in A$$ for every seat" eventually applies,
In most cases the old saying about "there is in A$$ for every seat" eventually applies,
#12
I saw it in person as well (I have more pictures I'll see if I can upload later). It was definitely nice, but for that price I would rather by a real 442 in a little worse condition.
As mentioned, a car is worth as much as someone is willing to pay.
As mentioned, a car is worth as much as someone is willing to pay.
#13
It probably has never had a REAL bid. The auction knows the guy needs close to $40k and they "FISH" somewhere close. The hook was baited, but no nibblers.
A lot of the TV auctions are smoke and mirrors---don't believe everything you see or here.
A lot of the TV auctions are smoke and mirrors---don't believe everything you see or here.
#15
Here are some more pics I took of the car. Definitely nice job with the restoration
zWuzMVW.jpg
HFx8umH.jpg
Rjc3KcK.jpg
(baby not included)
This 69 Post 442 went up to 20,000 before the bidding stopped (didn't sell). But if I would have been in the market I would have rather bid on this.
UNiBYVQ.jpg
zWuzMVW.jpg
HFx8umH.jpg
Rjc3KcK.jpg
(baby not included)
This 69 Post 442 went up to 20,000 before the bidding stopped (didn't sell). But if I would have been in the market I would have rather bid on this.
UNiBYVQ.jpg
#17
Still a nice looking car, heck if you are going to take a Supreme and make it into something it never was why not make it a W30. Personally I wouldn't spend the money on a car like that, maybe do it myself for the fun of it, but I'd rather spend the 40k on a real 442 or SX or 20k on a cool Cutlass post car.
#18
It takes the same amount to restore a "fake" as it does to restore a "real" car. The price of the "starter car" will usually be higher for a real car, especially a documented one, and the specific "W" parts will be a little more if some of them are missing. I guess what I'm trying to say is that the time and money invested in a restoration is better suited towards a REAL car. When it comes time to sell, you'll understand my point even better.
The above car does look sharp, BUT, c'mon, the Buick wheels, the underside of the hood, the fact of the wrong body style to begin with.....
I reiterate my earlier post about the auction smoke and mirrors. There is more invested in this car than a bidder (so far) is willing to pay, AND the auction starts the bidding at a price closer to what the seller's reserve is, than what a bidder or buyer is willing to pay.
I'm not knocking the car too much, it does look sharp, but if it were a hardtop, or a post model, I think there would be more interest in the neighborhood of the seller's reserve.
And, one more thing, a car that has been to several auctions, and not sold, can get what those who attend a lot of the auctions call "Freezer Burn". It gets seen so many times by the same people, that anyone that HAD interest in it, probably has lost that interest. Why? Because they know the reserve is set too high. A good way for that car to sell is to start the bidding low, almost ridiculously low, and get many bidders and see if two guys let their ego take over (especially if the auction has free drinks).
The above car does look sharp, BUT, c'mon, the Buick wheels, the underside of the hood, the fact of the wrong body style to begin with.....
I reiterate my earlier post about the auction smoke and mirrors. There is more invested in this car than a bidder (so far) is willing to pay, AND the auction starts the bidding at a price closer to what the seller's reserve is, than what a bidder or buyer is willing to pay.
I'm not knocking the car too much, it does look sharp, but if it were a hardtop, or a post model, I think there would be more interest in the neighborhood of the seller's reserve.
And, one more thing, a car that has been to several auctions, and not sold, can get what those who attend a lot of the auctions call "Freezer Burn". It gets seen so many times by the same people, that anyone that HAD interest in it, probably has lost that interest. Why? Because they know the reserve is set too high. A good way for that car to sell is to start the bidding low, almost ridiculously low, and get many bidders and see if two guys let their ego take over (especially if the auction has free drinks).
#19
Dave I certainly agree with your statements. Though, I can understand how someone just might do a car up the way they wanted which just may be the way the majority don't want it to be . And just cause they spent 40k on it and feel its worth 60k doesn't mean it will even come close to a 20k sale. One day I hope to do a car up just like this one knowing it won't be worth what I put into it but I suspect by then I'll either be old and smart enough not to do it or so poor I can't.
#22
Nice pics joffroi, the car does look beautiful, although the young man in the stroller is much more handsome .
I wonder if the seller would have used all the 442 and W-30 parts on a S body or convertible, if he would of had such a hard time selling his car then. I like the car, but no one is going to spend 40-50k on a "none off" car. I would buy it for maybe 20k.
I wonder if the seller would have used all the 442 and W-30 parts on a S body or convertible, if he would of had such a hard time selling his car then. I like the car, but no one is going to spend 40-50k on a "none off" car. I would buy it for maybe 20k.
#24
Mr. Webster would suggest that the definition of "replica" (as well as "clone") means that the object is a copy of something that actually existed. Clearly this car is neither replica nor clone. In the street rod world these are called "phantoms", meaning it is a fabricated car that the factory never built but could have. Similar to 442 Vista Cruisers and Oldsmobile El Caminos.
#25
Car at Mecum?
I could be wrong but I think this is the same car that was at Mecum. It makes you wonder how the bid was close to the asking price and why the seller wouldn't take such a close offer. Makes me wonder if the auction bid was real?
http://www.wagnersclassiccars.com/in...442-w-30-clone
http://www.wagnersclassiccars.com/in...442-w-30-clone
#27
I could be wrong but I think this is the same car that was at Mecum. It makes you wonder how the bid was close to the asking price and why the seller wouldn't take such a close offer. Makes me wonder if the auction bid was real?
http://www.wagnersclassiccars.com/in...442-w-30-clone
http://www.wagnersclassiccars.com/in...442-w-30-clone
Easy!! None of the highest bids on the car at auction are REAL!!
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