Classic car prices- is this just Ontario or everywhere?

Discussion in 'Canadian Owners' started by Eric, Feb 21, 2019.

  1. Eric

    Eric Veteran Member Lifetime Gold Member

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    WTF is with sellers in Ontario thinking a 1985 Cadillac ElDorado with 135k on the odometer is a $15,000 car?

    Or far too many 1980s g-bodies that aren't totally rusted out being priced at $12,500.00 ?

    One of my favorites of late is a 1968 Corvette that had a "frame off restoration a year go" before it was apparently backed into by a tow truck against something else- the only panels that might not be completely destroyed are the t-tops. So, you get a VIN, and if you're lucky a driveline and set of t-tops- for the incredibly low price of 'only' $15k.

    The 2nd Gen f-bodies don't seem to be quite as bad, but I have seen a few good examples of ridiculous (i.e. an '81 Z28 (auto trans) listed at $30k (and note, no buyers the last 30 days).

    Of course, none of these cars are selling- but what are these sellers thinking? Just because something is 30-40 years old doesn't mean it's worth gold. I do notice that things in good condition and priced fairly tend to disappear within 24 hours, except below $5k where it seems most buyers are assuming the vehicle is a POS or it would be priced at the ridiculous levels mentioned.

    Years ago, people were commenting on Barret-Jackson giving people the idea that 'every' 1970s Nova was worth a minimum of $20k, but I don't think we can blame the auctions for people pricing what are often undesirable models or something that isn't anywhere close to 'mint' being $10,000+ vehicles- are people just increasingly on crack these days?
     
  2. BillyDean7173

    BillyDean7173 Psychopathy Red

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    People are on crack AND think they've got gold. A lethal combination. o_O
    Same thing is going on in Texas.
     
  3. Chevyforever

    Chevyforever Veteran Member

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    The attractive side of people ... Greed.
     
  4. COPO

    COPO Veteran Member Lifetime Gold Member

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  5. Chevyforever

    Chevyforever Veteran Member

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    Nice to see those prices if you own a classic but discouraging for those of us, myself included, who aspire to own a first or early second gen, Camaro one more time before we die.
     
  6. Eric

    Eric Veteran Member Lifetime Gold Member

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    That guy/place had a TV show for awhile, and seems to market to only higher-end (i.e. super rich) collector-type peoples. I can see some of the cars, especially ones that have been completely frame-off resto'd costing some money, but what I find interesting is that many of the vehicles listed on the website are so expensive, they don't even post a price. And, that may be part of the problem, if people are always seeing these sorts of 'collector' vehicles selling to the "1%" for $40, $50, $150k- suddenly that 4-door, 6-cylinder hoopty from 1982 that granddad bought new is somehow worth $20k.

    It does beg the question of all these cars that aren't selling- I don't see alot of the overpriced items being relisted at lower prices until they sell- do these sellers just continue sitting on them waiting for the day when it might be worth what they think it should be worth? I have seen some sellers listing the same car at the same price for years and it never moves.
     
  7. 351maverick

    351maverick full time Ebay seller/hustler/car killer

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    two words: TAX (refund) TIME!
     
  8. BillyDean7173

    BillyDean7173 Psychopathy Red

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    Good point. I'm going to have to remember that when the day comes that I need to sell.
     
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  9. ol' grouch

    ol' grouch Veteran Member

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    The price is probably in Canadian dollars. (The Loonie.) I used to ship American cars to Australia and we usually made a pretty decent profit. "Yanktanks" often have a draw as American cars have better styling, or did years ago, than Aussie models. I drove a '61 Valiant in high school. That body style was updated in '63 and the tooling went to Oz and was built until the late 60's. I imagine the sellers figure the American iron is worth more. It doesn't say they actually SELL it, just it's worth more. I always figure it's worth what someone will pay.
     
  10. COPO

    COPO Veteran Member Lifetime Gold Member

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    $1.00 CAD = $0.74 USD
     

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