Re: {Chrysler 300} 1957 300 Convertible at auction....

[Ray Melton <rfmelton@xxxxxxx>]

"Modest estimate", indeed!   As the owner of 3N572517, a gorgeous multi-year meticulously restored Gauguin convertible (my Dad's car from 1968), I could only dream to get anywhere near that return (whenever I finally have to sell "Big Red"!)    I think the seller is taking a big risk selling at "no reserve" in this economy/collector market - and at Christmas, when most people are focused on paying for gifts for family and friends.

From only ONE photo, it looks like a pretty car, but IF it hammers at $250k, the buyer ends up paying $312.5k!   I've been watching the sales and auctions for 20 years and have never seen a 300C sell for that.  Mr. Grinch is guessing around half that high estimate, maybe $140k!

But Bonhams and BJ always bring out the big boys with big egos and fat wallets, and they don't care about the hefty seller and buyer premiums (Bonhams is now 25% extra for the buyer!)  BJ seller commission is listing fees plus 8% of hammer price and buyer pays 12% surcharge.

I've gone to the Scottsdale BJ event for 20 years now, and it is indeed an "EVENT", not merely a car auction!  Not to be missed, whether you're in the game or not!

Ray Melton

*******************

On 12/4/2023 7:11 PM, dplotkin@xxxxxxxxxxxxxxxxxxx wrote:

Modest estimate

 

Danny Plotkin

-----Original Message-----
From: "'chris nielsen' via Chrysler 300 Club International" <chrysler-300-club-international@xxxxxxxxxxxxxxxx>
Sent: Monday, December 4, 2023 7:55pm
To: "Chrysler 300 Club International" <chrysler-300-club-international@xxxxxxxxxxxxxxxx>, "Chrysler300Club Intl." <chrysler300@xxxxxxxxxxxxxxx>
Subject: {Chrysler 300} 1957 300 Convertible at auction....

Just fyi for the members that care..

Sincerely, Chris Nielsen

310-709-5561

http://thestuntdriver.com

SFstunts.com

http://teamhutchinson.com

www.iaction.tv

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