I'm wondering when this whole cars-as-investments thing started. Late 80s
maybe ?
Folks that are in this hobby to make money are gonna
'take a bath' when they
try to sell, unless they can find a buyer that
still thinks cars are worth
the kind of money that they were getting
five or six years ago. On the other
hand, us hobbyists, whose goals were
to restore a car to its former glory
and not worry about whether they
can make a buck, will not give it much
thought.
Ron
-----
Original Message -----
From: "Michael Moore mmoore8425@xxxxxxx
[Chrysler300]"
<Chrysler300-noreply@xxxxxxxxxxxxxxx>
To: "Ron
Waters" <ronbo97@xxxxxxxxxxx>
Cc: "Chrysler300@xxxxxxxxxxxxxxx"
<chrysler300@xxxxxxxxxxxxxxx>
Sent: Saturday, August 23, 2014 10:34
AM
Subject: Re: [Chrysler300] Bill Korbel's 300G at Russo
Steele
Ron,
Ron Carrini on “Chasing Classic Cars” (Speedvision)
has been saying muscle
cars are down in the market from their former
highs. He is shedding his
muscle cars bought for investment.
Mike
Moore
300H
On Aug 23, 2014, at 7:00 AM, 'Ron Waters'
ronbo97@xxxxxxxxxxx [Chrysler300]
<Chrysler300-noreply@xxxxxxxxxxxxxxx> wrote:
>
>
> IMHO, Ryan is 'spot on' with his post.
>
>
Billy's car was a prime example of a 300G. Yet it didn't attract the
> interest that you'd expect. Letter cars that I've observed on ebay
and in
> other auctions are not being bid up to the levels that we've
seen in the
> past. My unscientific observation is that the market is
softening. From my
> perspective, this is a good thing, as prices may
get more reasonable for
> us collectors/hobbyists.
>
>
Ron
> ----- Original Message -----
> From: Ryan Hill
> To:
christopher ; pffkllc@xxxxxxx ; ron300C waters ;
>
Chrysler300@xxxxxxxxxxxxxxx
> Sent: Saturday, August 23, 2014 4:53
AM
> Subject: RE: [Chrysler300] Bill Korbel's 300G at Russo
Steele
>
> Christopher, a car is worth what the market at that
time will bear I'm
> afraid, whether you want to hear it or not. We
have the advantage of the
> internet now that's transformed the car
hobby in many ways. This club and
> others do a great job of
promoting our cars and getting the word out to
> those that are
willing to listen. I grew up with Chryslers, I was brought
> home
from the hospital after birth in my father's '65 300 Sport in 1970.
>
(It ended up becoming my first car at the age of 15) If my father and
> grandfather drove GM or Ford I might have never developed an
interest in
> Chryslers, most of my friends in high school made fun
of me for wanting to
> wrench on my 300….but I did it
anyway.
>
> My point, we like what we like and I don't know that
future generations
> are going to like our 300's as much as we do, at
least not enough to pay
> the kind of money that has been thrown
around in the recent past. We need
> to remember also that just
because a couple guys with fat wallets and big
> egos get into a
pissing contest at an auction and run the price up on a
> car, it
doesn't mean that there are many more lined up behind them ready
> to
do the same over every other similar car. The same is true on the other
> end of the spectrum, if nobody in the room or within reach of your
> advertising is interested in paying much for your car, you won't
get much
> for your car. I figure once all the high rollers have
bought up the nice
> stock at inflated prices, they can either sell
(trade) to one another or
> sell the car at a loss to someone with
lesser financial means.
>
> As for the Gull-wing and Healy
examples, production numbers really mean
> very little when it comes
to value in my opinion. Price is always largely
> about supply vs
demand, in this case as a ratio of potential interested
> buyers to
vehicles available for sale. If you can increase the interest
> you
will increase the price as long as the supply doesn't increase……it
>
often does when owners see their cars rising in value and want to cash
in.
>
> Ryan Hill
>
> To: ryan_hillc300@xxxxxxxxxxx;
pffkllc@xxxxxxx; ronbo97@xxxxxxxxxxx;
>
chrysler300@xxxxxxxxxxxxxxx
> From:
Chrysler300-noreply@xxxxxxxxxxxxxxx
> Date: Sat, 23 Aug 2014 11:28:10
+1000
> Subject: RE: [Chrysler300] Bill Korbel's 300G at Russo
Steele
>
>
>
> Ryan & others - saw this as it
too cold o/side on Sat morn here, and I
> came back inside, and felt
a reply/thought was needed
>
> Ryan raises a good point re old
cars owned by lots of people getting
> older, and young nowadays
maybe not as into old cars.
>
> But against that is my just
posted question - how many good/correct early
> 300s are there
today?
>
> On auction results over the last few months, it seems
a mid 50s Gullwing
> Mercedes is now a million dollar car. OK how
many 'factory correct '57 -60
> 300s are there in the world today
versus Gullwings - my guess is there
> might be more WAY MORE
Gullwings.
> Take early 60s Austin Healey - other day there were 140
for sale in the UK
> at around $100,000 - one hundred and forty !!!
OK maybe there is only
> one Healey buyer left in the UK, and there
is s current glut. But how is a
> Healey worth more than a perfect
300C of 300F - AND THAT BEFORE TRY
> FINDING 5 perfect 300Cs, Fs
etc??!
> (I have my dad's Healey, so I am not knocking
them/Healeys)
>
> The money and the buyers are out there - we
just have you get our 300ly
> act together better. Especially if
there are not big numbers of
> good/correct 300s out there - are
there maybe only 50-100 restored/correct
> ones of each early year?!
Or what numbers?!
>
> I have a '62 XKE Jag - there were a
sensation when released in 1961 -
> because of 140mph performance,
plus handling - and their looks were
> amazing
> But guess what
- a 1957 300C Chrysler has near all this 4 years before -
> just in a
bigger car. But wow you drive a well sorted 300C, and it is just
> as
must an eye opener re how fast and competent it was as the later E Type
> that stunned the World. US Auto writer Tom McCahill was I think
stunned at
> how good those early 300s were - and he was no
fool/mug?!!
>
> I have owned over 100 collector/other good
performance cars - my (mainly
> orig mechanically) 57 300C and XKE
roadster are amazing cars for their
> day, and even today stand tall,
are just so good a package versus cars
> that buyers pay way higher
stupid prices for. People rubbish the orig
> brakes, but my stock
300C will lock/slide the wheels no worries despite
> the best modern
235 75 15 radials, so brakes were not that bad. And mine
> are the
same linings on the car when I bought it 35 yrs ago!!
> And it runs
hard, with that so good auto, that new front suspension - they
> were
the whole package, just like an XKE with radials still is today.
>
They (the true 300s) are cars worthy of good prices, so please do not say
> they are at their best prices ever/now - only reason that will
happen is
> if we do not let others know how good they really
are/were, or just say
> 'sell em off cheap' !??
>
> going
outside again now, turning PC off - over to others, hope you got
>
nicer driving weather than here today,
>
>
Christopher
>
> To: pffkllc@xxxxxxx; ronbo97@xxxxxxxxxxx;
chrysler300@xxxxxxxxxxxxxxx
> From:
Chrysler300-noreply@xxxxxxxxxxxxxxx
> Date: Fri, 22 Aug 2014 17:39:34
-0700
> Subject: RE: [Chrysler300] Bill Korbel's 300G at Russo
Steele
>
>
>
> I'm afraid we'll all have to face it
that the upcoming generations just
> aren't interested in most of
these cars we hold so dear. As time goes by
> there are fewer and
fewer people out there looking for these brutes (and
> others) and at
the same time we're increasing the number of quality cars
> by
restoring them. Supply and Demand......the supply is rising and fro
>
what i see the demand is dropping (especially when people who are
>
genuinely interested in owning these cars are hit with the sticker shock
> of 60 - 200k as an asking price)
>
> If you own these
cars as investments, I'd say it's time to sell. If you
> own them
because you love them, keep your foot down on the right pedal and
>
enjoy yourself.
>
> Ryan Hill
>
> To:
ronbo97@xxxxxxxxxxx; chrysler300@xxxxxxxxxxxxxxx
> From:
Chrysler300-noreply@xxxxxxxxxxxxxxx
> Date: Fri, 22 Aug 2014 10:57:25
-0400
> Subject: Re: [Chrysler300] Bill Korbel's 300G at Russo
Steele
>
>
>
> A non-reserve car is only worth what
the bidders at the auction are
> willing to pay. It could be that
there were only two potential bidders,
> and one of them wasn't that
interested in the car. Had there been 5
> active bidders, it might
have gone a lot higher. It does, however, point
> out the risk in
putting your car up for auction without a reserve price.
>
>
Pete Fitch
>
> In a message dated 8/22/2014 8:35:52 A.M. Eastern
Daylight Time,
> Chrysler300-noreply@xxxxxxxxxxxxxxx
writes:
>
>
> Is this indicative of a slumping car
market ? This was a #1 car. Hagerty
> website says that a #1 300G is
worth about 95K.
>
> Ron
> ----- Original Message
-----
> From: lssimon lssimon@xxxxxxx [Chrysler300]
> To: Don
Warnaar ; Gloria Moon ; Bob Jasinski ; 'Larry Jett' ;
>
chrysler300@xxxxxxxxxxxxxxx
> Sent: Thursday, August 21, 2014 1:16
PM
> Subject: Re: [Chrysler300] Bill Korbel's 300G at Russo
Steele
>
> I just went onto the web site of the auctioneer that
sold the car in
> Monterey, CA. It sold for $60,600. There was no
reserve on the car at
> auction.
>
> Steve Simon
>
300 G
>
>
>
> In a message dated 08/21/14 10:01:48
Pacific Daylight Time,
> Chrysler300-noreply@xxxxxxxxxxxxxxx
writes:
>
>
> That award was a crowning moment for
Billy. I can still picture the big
> beaming smile on his face as the
award was announced. He was just
> thrilled. Little did we know that
he would not be around all that much
> longer. Glad to have known him
and also his father who attended many
> meets many years
ago.
>
> Don Warnaar
>
>
> ----- Original
Message -----
> From: 'Gloria Moon' agmoon@xxxxxxxxx
[Chrysler300]
> To: Bob Jasinski ; 'Larry Jett' ;
chrysler300@xxxxxxxxxxxxxxx
> Sent: Thursday, August 21, 2014 9:08
AM
> Subject: Re: [Chrysler300] 300G at Russo
Steele
>
>
>
> The Russo-Steele site shows the VIN
for the car is 8413 159853. That was
> Billy Korbel's "Lady G" which
took all kinds of prizes at the Lake George
> meet in 2011. Billy
died shortly after the meet. His sister said she had
> never seen him
any happier than he was that night. Everyone at the meet
> was pretty
pleased about it too.
>
> Billy joined the club in 1985. I think
he bought the G shortly thereafter
> and had it fitted with hand
controls. Somewhere there's a photograph of
> Billy, in his
wheelchair, with his feather duster tending to his "Lady G."
>
>
I hope the next owner cares for it as much as he did.
> 300ly,
>
Gloria
Moon
>
>
>
>
>
>
>
>
>
>
>
>
------------------------------------
Posted
by: Michael Moore
<mmoore8425@xxxxxxx>
------------------------------------
To
send a message to this group, send an email
to:
Chrysler300@xxxxxxxxxxxxxxx
To unsubscribe from this group,
send an email to bob@xxxxxxxxxxxxx or
go to
http://autos.groups.yahoo.com/group/Chrysler300/join and select the
"Leave Group" button
For list server instructions, go to
http://www.chrysler300club.com/yahoolist/inst.htm
For archives go
to
http://www.forwardlook.net/300-archive/search.htm#querylang
------------------------------------
Yahoo
Groups Links