RE: [Chrysler300] 1962 Chrysler 300h @ Mecum

["C Bilter" <cbilter@xxxxxxxxx>]

The K had a 440 dual quad inline setup with H style oval air cleaners. Who
knows if it was a '60s 440 or a later low comp 70's 440.  This would hold
down its value. Outside of the 440 and the aftermarket wheels (original
wheels and covers were included), the car looked very nice on HDTV and in
the online photos, with a new correct interior, well detailed.  The H was
not aired on TV.  From the online photos the H looked very nice especially
paint and chrome but the engine compartment showed a little wear; it was
well equipped with factory air and auto pilot.  It did not appear to be a
full frame up restoration but I could be mistaken.  I was not at the auction
and there is no substitute for seeing the car in person, IMHO. I'm curious
if any of our Florida (or other) members happened to go over to the auction
and view these cars in person to see if the selling prices seemed fair. 

 

As we've discussed before on the forum the auction results are very
dependent on having the right buyers present at the time of sale and on the
condition of the specific car.  Unless true letter car enthusiasts are
bidding, the hammer price may seem surprisingly low.  In general, the sell
through rates at the 2011 auctions so far are improving and sale prices
overall are on the rise. The first couple days at Mecum (also at B-J in
Scottsdale) are oriented towards the so-called "affordable" cars and so some
may not be full restorations. You can pay a higher entry fee and get prime
time placement on the block when possibly more of the "high roller"
investors are on site, but I don't think the sale prices would have been
much higher on these two vehicles.  A true "investment grade" F or G
convertible (of course with the ubiquitous and incorrect wire wheels) would
get bid up pretty high, but the H through Ls simply aren't going any where
right now IMHO.  So I say again that one really needs to check out the
vehicle onsite in order to ascertain its true value, but on the surface it
would appear that both this K and H were relative bargains.

 

Carl Bilter

  _____  

From: Chrysler300@xxxxxxxxxxxxxxx [mailto:Chrysler300@xxxxxxxxxxxxxxx] On
Behalf Of rfporecca
Sent: Friday, January 28, 2011 8:55 AM
To: 'Jerry Lindsay'; 'Chrysler 300 Club,Intl'
Subject: RE: [Chrysler300] 1962 Chrysler 300h @ Mecum

 

  

A 64 K car brought $16+K earlier, prior to that H auction.I heard that the H
was coming up but the announcer wasn't sure if the car would be aired. They
said the K had a 440-4v, and it had after market wheels. I don't know if the
engine was a 440 or if the fellow mis-spoke because I didn't see it.but even
if the car was considered for its mis-matched engine and wheels..that's a
great buy, and the announcer indicated that as well. I think the economy
has really affected this market but as we all know, like real estate,
they're not making any more of these. The only issue is to be sure that
younger people learn and understand what these vehicles are and what they
have come to mean. This is a good time to buy, definitely not the time to
sell. A lot of the cars on Mecum were going for less than one would have
expected.

Bob Porecca

_____ 

From: Chrysler300@xxxxxxxxxxxxxxx <mailto:Chrysler300%40yahoogroups.com>
[mailto:Chrysler300@xxxxxxxxxxxxxxx <mailto:Chrysler300%40yahoogroups.com> ]
On
Behalf Of Jerry Lindsay
Sent: Friday, January 28, 2011 8:56 AM
To: Chrysler 300 Club,Intl
Subject: [Chrysler300] 1962 Chrysler 300h @ Mecum

A beautiful Black 1962 Chrysler 300H sold last night at the Mecum Auction in
Kissemmee for $ 19,000,00. It was listed as a southern California car.
Looking at what some of the other cars sold for 55 Metropolitan sold for $
17,500.00, how do you figure that. On EBay, nice 62 Sport 300's they can
hardly give them away. I must rethink my plans for my 62's.

Jerry Lindsay
Seminole, Fl

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