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  • Soft market

    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/eB...m=290329304894

    JDP/Maryland
    JDP Maryland

  • #2
    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

    No deceptive flags to prove I'm patriotic - no biblical BS to impress - just ME and Studebakers - as it should be.

    Comment


    • #3
      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
      PackardV8

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      • #4
        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

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        • #5
          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....

          Comment


          • #6
            Ah, to have the wherewithal to take advantage of such a 'soft market'. Somebody got a great deal indeed!


            Home of the famous Mr. Ed!
            K.I.S.S. Keep It Simple Studebaker!
            Ron Smith
            Where the heck is Lewiston, CA?
            Home of the famous Mr. Ed!
            K.I.S.S. Keep It Simple Studebaker!
            Ron Smith
            Where the heck is Fawn Lodge, CA?

            Comment


            • #7
              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
              JDP Maryland

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              • #8
                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 ;&gt

                thnx, jack vines

                PackardV8
                PackardV8

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                • #9
                  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
                  63 Avanti R1 2788
                  1914 Stutz Bearcat
                  (George Barris replica)

                  Washington State

                  Comment


                  • #10
                    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/
                    The only difference between death and taxes is that death does not grow worse every time Congress convenes. - Will Rogers

                    Comment


                    • #11
                      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
                      1951 Custom
                      1958 Packard Hawk < resto project
                      1962 Champ
                      1963 Standard R1 4 speed
                      1963 Avanti R1
                      1963 GT Hawk R2 4 speed
                      2006 Avanti Convertible

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                      • #12
                        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.
                        Poet...Mystic...Soldier of Fortune. As always...self-absorbed, adversarial, cocky and in general a malcontent.

                        Comment


                        • #13
                          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

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                          • #14
                            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.
                            edp/NC
                            \'63 Avanti
                            \'66 Commander

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                            • #15
                              " a $300 correct front and rear vinyl set is available if you are a plastic trophy seeker."
                              Love it.

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