Re: IML: Price guides

[Drake Rickertsen <ct_drakeula@xxxxxxxxx>]

   I think price guides for automobiles can be a pretty accurate if you round the number off to the nearest $50,000. All you have to do is checkout the Barrett Jackson auctions on speed channel to see prices realized on full frame off restoration cars. I've seen a 1966 Corvette Sting Ray recently close on Ebay for $77,500 fully restored and I've also seen a 1968 fully restored Sting Ray on a Barrett Jackson auction bring $150,000.

     You want to know a price realized on a vehicle? I think that all depends on how you plan on selling a car. The true value of a car is only what a person is willing to pay for it at any given time and whether the seller finds this offer acceptable.

      I've checked out the Auto priceguides for two popular cars the 1959 Cadillac and the 1957 Chevy. The most valuable version of the 1957 Chevy model lists for $70,000 in show condition and the 1959 Cadillac books at $50,000 for their most collectible version in show condition. But both models have consistantly brought over $100,000 through auction houses around the country. Perhaps the restorations went beyond show condition. Although as far as Imperials from 1963 on up they seem to closeout pretty low on Ebay but perhaps buying cars online is a risky proposition. I have bought car parts on Ebay with blatant misrepresentations of their so called Near Mint to Mint condition items. I dont consider cracked or broken to be categorized as Near Mint in item descriptions. I imagine old cars suffer alot of misrepresentation also.

 

Ct. Drakeula

Greg and Russell <65luxuryliner@xxxxxxxxxxxxx> wrote:

Has anyone heard of a price guide for vintage and collectible cars by the name of CPI or Cars of Particular Interest? 

 

I thought most cars values were taken from auction lists in Old Cars Weekly or the OCPG, Old Cars Price Guide.

 

The values in CPI are considerably lower than those in OCPG. 

 

If you were going to sell one of your cars, which guide would you use?  I am NOT selling any of my cars, but am just curious as there is a guy on another list I belong to that is touting the CPI as the only price guide anyone should use and the values are more realistic.  I recall them being very unrealistic and LOW when I looked at one. 

 

Any thoughts?

 

Greg