Re: [Chrysler300] 300-G at B-J.

There are two sides to this coin. Having a 300G go for 200K at BJ may up the selling prices of existing letter cars, and that's OK. I guess, since I've got a G coupe. But if Cousins Slim and Lem were watching the show, they now are going to believe that their rusted-almost-in-half 50's/early 60s fin car--"it ain't one of them 300s, but it's got a 440 hemi and the fins, it's almost the same, 'cept it's got four doors"-- that's been sitting out behind the barn for the past forty years is now worth a small fortune, along with the NOS parts they've been hoarding for the day when they get around to "fixin' the old girl up." (Which is what they tell you they've been thinking about doing for the past 25 years.) If you've been in the old car hobby as long as I have, you've seen this happen, I'm sure. People who don't know what we know about the real value of un-restored cars and the costs and effort involved in getting them back in shape get dollar signs in their eyes after watching BJ. So when we knock on their door, following up on a lead on a letter car, a 67 GTX, a 68 Barracuda, a 71 Challenger, or 68 Road Runner, they"re primed and ready to take us to the cleaners. Or try to. Most of the time, the old car stays right where it is, gathering another layer of rust, along with the parts in the basement. Unless a serious high roller comes along--of which I am not. Then I guess Slim and Lem's dreams come true. I've run into this time and time again after one of these televised auctions.
And almost every time I've gone back to check on the car, it's right where I last saw it. Your mileage may vary.

-----Original Message-----
From: "pffkllc@xxxxxxx [Chrysler300]"
Sent: Jan 18, 2015 8:13 PM
To: Matthew Ostrowski
Cc: Ryan Hill , ""
Subject: Re: [Chrysler300] 300-G at B-J.

I guess the answer is that if you have a really nice letter car and want to sell it, you should at least consider BJ. Of course, if you sell it there the proceeds may be taxable whereas if you sell it privately, uncle will probably not know about the sale.
Pete

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On Jan 18, 2015, at 3:51 PM, Matthew Ostrowski <m.ostrowski@xxxxxxxx> wrote:

I'm with you Pete, it's a positive thing for letter car owners. There is a greater awareness.
Heck I would have sold my G to the buyer for $100,000.00, saved the buyer some dinner money!
Matt O

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On Jan 18, 2015, at 2:08 PM, pffkllc@xxxxxxx wrote:

OK Ryan
Are we better off with the G selling at $200,000 or at $45,000?
I would submit that having it sell for more is better than having it sell for less.
Pete Fitch

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On Jan 18, 2015, at 11:42 AM, Ryan Hill ryan_hillc300@xxxxxxxxxxx [Chrysler300] <Chrysler300-noreply@xxxxxxxxxxxxxxx> wrote:

IMHO - I think you would be dreaming to think the price of other G's just rose anywhere near 20% based on one car's sale, especially if G owners begin to test the market and flood it with inventory. There just aren't the buyers out there to support the demand at that price point, even as investments. A knee jerk reaction may ensue to some degree but I would be surprised if it could be sustained.

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On Jan 18, 2015, at 3:06 AM, "Matthew Ostrowski m.ostrowski@xxxxxxxx [Chrysler300]" <Chrysler300-noreply@xxxxxxxxxxxxxxx> wrote:

Ryan,
Even if it pushes prices 20% higher it's heading in a positive direction. It's not unlike a comp for real estate, supply vs demand. If the BJ auction begins to set a tone and begin the wave then be ready for the ride. Right after the auction a neighbor (classic car guy) of mine calls me and tells me about the sale then says "your car is really valuable Matt, it's easy to thing it's worth less!" If the car is marketed right, at the right venue you might hit it right.
Be well
Matt Ostrowski

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On Jan 18, 2015, at 3:21 AM, "Ryan Hill ryan_hillc300@xxxxxxxxxxx [Chrysler300]" <Chrysler300-noreply@xxxxxxxxxxxxxxx> wrote:

I don't know about the rest of you but a single sale a BJ wouldn't sway me to pay more or less today than I would have yesterday. All it takes is for a couple of guys with more money (or credit) than good sense to get into a pissing contest over the same car and the price moves well beyond what the real market will bare. Time will tell if overall values of all G's will actually be impacted beyond next week. I wouldn't get too excited just yet or someone will be posting there dismay at the 'poor' result the next auction brings when a similar car only brings $100k.

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On Jan 17, 2015, at 7:24 PM, "Matthew Ostrowski m.ostrowski@xxxxxxxx [Chrysler300]" <Chrysler300-noreply@xxxxxxxxxxxxxxx> wrote:

Hi Pete,
Stick or no stick that sale just raised the values of all existing G's. It's a good thing.
Be well.
Matthew Ostrowski

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On Jan 17, 2015, at 8:24 PM, "pffkllc@xxxxxxx [Chrysler300]" <Chrysler300-noreply@xxxxxxxxxxxxxxx> wrote:

For anyone who missed it a 300-G three speed stick car was sold for $200,000.
As usual the broadcasters had some things wrong but, for the most part they had good things to say about the car.
I wonder how much of that sales price was due to the stick shift.
Pete Fitch

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