deluxe delivery on Ebay

There was one that ended about a week ago that was bid to $19,000+ and didn't meet reserve. (Auction # 230569279105)
 
peters180a/170b said:
$19,099.00 Did not meet reserve. NO kidding... at that price. 1931 Deluxe Phaeton sold for $29,000.00
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As you know the problem for the seller at an auction is that you need two to raise the price.

If I was willing to spend $30,000 for the car but no one else was will to bid above $19,099 then the bidding would stop at that even though I would have spent $10,000 more.

Nature of the game.
 
Mike V. Florida said:
As you know the problem for the seller at an auction is that you need two to raise the price.

If I was willing to spend $30,000 for the car but no one else was will to bid above $19,099 then the bidding would stop at that even though I would have spent $10,000 more.

Nature of the game.
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I'm pretty sure only one bidder is required, but that bidder must bid high enough to meet the reserve price that has been set. If so the bid will rise to the reserve price, if not it will only go high enough to exceed any other bidders.
 
So what are Barners feeling on $29,000 fot the 1931 Deluxe Phaeton? From the pictures it will need a few repairs and a new paint job to make it look nice, price to high, to low or about right?
 
PO51 said:
So what are Barners feeling on $29,000 fot the 1931 Deluxe Phaeton? From the pictures it will need a few repairs and a new paint job to make it look nice, price to high, to low or about right?
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Interesting question. You said "to make it nice" it will also need a paint job.

I once told someone that a 're-paint' is one-third of the cost of a full restoration. They looked at me like I was nuts. I still stand by my statement that for a nice paint job that is good enough where it looks like it was painted at the factory will involve the same amount of work as what a third of a restoration will. That, in my opinion, flips the thought to whether the results from that level of paint is worth the effort, and not necessarily the worth of the vehicle.

The same mindset can be applied to a typical used car, --does a fresh repaint increase the value of the car? Face it, based on what I remember about the description in addition to the what you just mentioned, that 180A is actually just a typical used car right now.

Another way to look at the price is comparing it to a new vehicle at your local Ford dealership. To have a complete frame-up restoration on that 180A bodystyle will likely run between $70k-$100k depending on options & condition. Just as in owning a brand-new vehicle, everything would be within factory tollerences --or better. Often times, many people confuse the term restoration with reconditioning ...just like a used car lot will recondition a car to make it better however if everything mechanically & aesthecially is not renewed, then isn't it still a used car? To some people, there is nothing wrong with owning a used car as it serves their purpose well. To others, they choose to purchase a new vehicle because they want everything to work exactly as it was designed to do without concessions. For the ones that choose to shop for a used car, each and every used vehicle is priced differently and its value is generally determined by the current condition and concessions the buyer is willing to make with that vehicle in comparison with a new vehicle. That is why I think it is tough to make hard statements whether $29k was a high price or too low of a price to anyone other than the Buyer who felt $29k was the Right price for him/her.

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"a complete frame-up restoration on that 180A bodystyle will likely run between $70k-$100k "


........and you end up with a restored Model A that now has a re-sale value of one fourth of the price of the restoration. Better off putting that kind of money into a true "classic" car like a Packard, Olds, or Buick of the same era that will re-coop the restoration price on re-sale.
 
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Mikeinnj said:
"a complete frame-up restoration on that 180A bodystyle will likely run between $70k-$100k "


........and you end up with a restored Model A that now has a re-sale value of one fourth of the price of the restoration. Better off putting that kind of money into a true "classic" car like a Packard, Olds, or Buick of the same era that will re-coop the restoration price on re-sale.
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Well, not necessarily a true statement there Mike but I understand the point you are trying to make. Let me also point out that a brand new vehicle is worth less money than someone paid for it 30 minutes after the Buyer drove it off the showroom floor, ....yet new car dealers sell brand new cars every day of the week. Not everyone wants a worn, used-car, --or boat, or motorcycle, or RV, ....or Model A. :rolleyes:

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BRENT in 10-uh-C said:
Interesting question. You said "to make it nice" it will also need a paint job.

I once told someone that a 're-paint' is one-third of the cost of a full restoration. They looked at me like I was nuts. I still stand by my statement that for a nice paint job that is good enough where it looks like it was painted at the factory will involve the same amount of work as what a third of a restoration will. That, in my opinion, flips the thought to whether the results from that level of paint is worth the effort, and not necessarily the worth of the vehicle.

The same mindset can be applied to a typical used car, --does a fresh repaint increase the value of the car? Face it, based on what I remember about the description in addition to the what you just mentioned, that 180A is actually just a typical used car right now.

Another way to look at the price is comparing it to a new vehicle at your local Ford dealership. To have a complete frame-up restoration on that 180A bodystyle will likely run between $70k-$100k depending on options & condition. Just as in owning a brand-new vehicle, everything would be within factory tollerences --or better. Often times, many people confuse the term restoration with reconditioning ...just like a used car lot will recondition a car to make it better however if everything mechanically & aesthecially is not renewed, then isn't it still a used car? To some people, there is nothing wrong with owning a used car as it serves their purpose well. To others, they choose to purchase a new vehicle because they want everything to work exactly as it was designed to do without concessions. For the ones that choose to shop for a used car, each and every used vehicle is priced differently and its value is generally determined by the current condition and concessions the buyer is willing to make with that vehicle in comparison with a new vehicle. That is why I think it is tough to make hard statements whether $29k was a high price or too low of a price to anyone other than the Buyer who felt $29k was the Right price for him/her.

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Very well said Brent, Remembering that someone will pay what they believe is a fair price or what someone is not willing to pay. It is only worth what someone will pay.:eek:
 
BRENT in 10-uh-C said:
Interesting question. You said "to make it nice" it will also need a paint job.

For the ones that choose to shop for a used car, each and every used vehicle is priced differently and its value is generally determined by the current condition and concessions the buyer is willing to make with that vehicle in comparison with a new vehicle. That is why I think it is tough to make hard statements whether $29k was a high price or too low of a price to anyone other than the Buyer who felt $29k was the Right price for him/her.

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You make valid points Brett. But implicit in your comments is that all buyers have perfect information on the condition of the car. An knowledgeable person, like yourself, can better determine the true condition of a car, thus it's value. Someone without your experience will not see work that needs to be done, or that the car has the wrong parts, giving them the impression of higher value.
 
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