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JDP
07-13-2009, 09:14 AM
OK, after hearing about a soft market for Studebaker for a decade, I think it's finally hit. I listed and relisted a decent R1 Hawk twice before selling with much lower reserve the I intended. Sal and I did not lose money on the car, but it sold for 1-2K less the I feel it would have a year or two ago. Here's the car:

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=290329304894

JDP/Maryland

Roscomacaw
07-13-2009, 10:00 AM
And I think it's gonna be with us for awhile.[B)]

1957 Transtar 1/2ton
1963 Cruiser
1960 Larkvertible V8
1958 Provincial wagon
1953 Commander coupe
1957 President two door

PackardV8
07-13-2009, 10:07 AM
Yes, the collector market has softened. That R1 automatic would be a wonderful driver and worth far more than what it brought.

We appreciate JDP and Sal's extreme honesty in the description of their cars. The careful listing of every defect and potential defect goes way beyond what 99% of sellers will do. It may cost a thou or two on any one sale, but in the Stude world, it's the only way to go.

I was at a show and Silver's auction this weekend and Mitch was really working hard without getting much bidding. However, interest in the really special cars, such as '63-64 R1 GT Hawks will come back.

thnx, jack vines

PackardV8

stude53
07-13-2009, 10:45 AM
John,

Someone just got a super deal on this car, soft market or no.

I wish I had the resources to buy a car of Sal's and yours to be my daily driver. Keep the faith: I hope the economy turns around soon and the car market rebounds with it.

[img=left]http://i82.photobucket.com/albums/j259/stude53/studesmall2.jpg[/img=left]Bob Feaganes (stude53)
53 Starliner Hardtop
Newton Grove, NC

rusty65
07-13-2009, 10:45 AM
Holy heck,how did I miss out on that one?? Priced right,and right down the road from me!!I hope it will be well cared for at it's new home....:(

studeclunker
07-13-2009, 10:53 AM
Ah, to have the wherewithal to take advantage of such a 'soft market'. Somebody got a great deal indeed!

http://i16.photobucket.com/albums/b18/Studeclunker/december%2006/HPIM0234.jpg http://i16.photobucket.com/albums/b18/Studeclunker/56%20Parkview%20Wagon/56wagonleftfrontclipped-1.jpg
Home of the famous Mr. Ed!
K.I.S.S. Keep It Simple Studebaker!
Ron Smith
Where the heck is Lewiston, CA?

JDP
07-13-2009, 11:27 AM
Well, the upside is we bought the car for what we thought was well below market, I'm just glad we didn't pay the first $8500, then the $6500 asking price even though both seemed fair at the time.


JDP/Maryland

PackardV8
07-13-2009, 11:46 AM
Several conditions can put a good car on the market below long-term actual value:

1. Economic downturn - personal cash crunch
2. Loss of affordable storage
3. Temporary bubble and bust, as the death of Enzo Ferrari
4. Owner infatuated with another car or another woman
5. Repair fatigue, no-AC fatigue, manual transmission fatigue.
6. Death of the owner (look around the Intnl Meet or any local SDC meet - gonna be a lot of our Studes on the market in the next ten years ;>)

thnx, jack vines

PackardV8

JBOYLE
07-13-2009, 11:58 AM
I was reading the latest Sports Car Market last night. Production (as opposed to race)Ferraris are down 30-35% across the board.
And when you're talking about a million-dollar Daytona convertible, that's real money.

63 Avanti R1 2788
1914 Stutz Bearcat
(George Barris replica)

Washington State

Chris Pile
07-13-2009, 12:21 PM
quote:I was reading the latest Sports Car Market last night.

THAT is a great magazine!

Chris Pile
Editor: The Studebaker Special
http://midwaystudebakers.tripod.com/

jgrohs
07-14-2009, 12:13 AM
I'll glady sell my 64 Daytona Convertible for a million bucks <g>



quote:Originally posted by JBOYLE

I was reading the latest Sports Car Market last night. Production (as opposed to race)Ferraris are down 30-35% across the board.
And when you're talking about a million-dollar Daytona convertible, that's real money.

63 Avanti R1 2788
1914 Stutz Bearcat
(George Barris replica)

Washington State


1951 Rod
1962 Champ
1963 Avanti R1
1963 GT Hawk R2 4 speed
1964 Daytona Convertible
2006 Avanti Convertible

Gunslinger
07-14-2009, 11:08 AM
A lot of people have the money to make the deals available now, but are scared to do so due to uncertainty in the economy. A close friend has a beautiful '66 Corvette coupe for sale at about $5k below market and while several people want it, they're all hesitant in case of extended pain in the economic future.

While things will turn around at some point, it's the uncertainty that keeps prices down.




Poet...Mystic...Soldier of Fortune. As always...self-absorbed, adversarial, cocky and in general a malcontent.

Laemmle
07-14-2009, 02:27 PM
Just found garage for avanti....if i lose this the car will have to be sold.......no way I pay 300.00/month to garage the car...in a one car garage of all things

edpjr
07-14-2009, 02:37 PM
JDP, I agree things have softened in the car market in the last few months. And you can't always hit a homerun on eBay no matter what you sell. I just saw an Avanti comparable to mine, but with 50K less miles, that didn't even break $11K on bids or meet the reserve. ;)

JDC
07-14-2009, 03:33 PM
" a $300 correct front and rear vinyl set is available if you are a plastic trophy seeker."
Love it.