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1935Packard last won the day on October 3 2018

1935Packard had the most liked content!

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About 1935Packard

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  • Interests:
    Packards, Cadillacs, and other CCCA cars. Also, 50s two-seaters.

    AACA Life Member.

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  1. I have mostly lived in urban areas where garage space is a premium: Car collectors are usually "one car" people because you only have one free garage space to put an antique car. Finding a garage rental where I have lived is hard, and it may cost you $250 a month just for the garage spot. With that said, I think there's a "one car" for every taste and nearly every budget. You have your budget, and you figure out what you want that is within your budget. If you only have one garage spot, you work within that parameter based on your preferences and you get that car that really does it for you. My first antique car, or at least my first antique that ran, was a '49 Cadillac I still own. It was a #3 driver that an earlier owner had put a lot of money into,. For me, at least, it was the perfect "one car." Spectacular styling, relatively easy to find parts, great club support, automatic transmission (as I didn't know how to drive a manual), and not too expensive (depending on body style). A friend of mine wanted an antique car and bought a restored MGA, which was his perfect "one car" -- relatively inexpensive, beautiful lines, a great convertible to drive, and great club support. (Having absolutely zero automotive knowledge, neither of us considered buying project cars. We both bought cars that seemed to be in decent mechanical and cosmetic shape and that didn't need a lot of work.) But which cars to pick is just what you love, not something that you can really analyze.
  2. Just a minor point, but it looks like only about 20% of California's energy consumption is currently in the form of gasoline. https://www.eia.gov/state/?sid=CA#tabs-1
  3. Great video. Reminds me of when I first drove my Packard. I was about 35, and I had no idea what I was doing. I stalled a lot. And there were lots of times when I was confused about what the car was doing. But I had a blast, and I figured things out over time.
  4. I learned to drive a manual on my '35 Packard Twelve, back in 2007 after I bought the car. (I had one lesson on a friend's Honda Accord beforehand, mostly in a nearby parking lot, but that was it.) My first drive in the car was a 150 mile drive from the repair shop to home. It was pretty nerve-racking at times. But I made it, and after that one trip I felt like I pretty much learned how to do it.
  5. With apologies for going slightly off-topic, I've always found this psychology rather odd. I realize it's indeed how a lot of people react, as it's how auctions make a part of their money. But the whole idea of people committing when something is at a low price, and being willing to then overpay because they have committed already, strikes me as strange. You'd think people just pick a dollar amount that is what the item is worth before the auction and that they stick to it -- but I guess many people don't do that.
  6. I've sold two cars that are somewhat similar to the one that is being offered here -- both late 30s or early 40s convertible non-CCCA cars. What worked for me: (1) posting on the Internet a very large number of high resolution pictures of every aspect of the car, (2) giving a complete history of the car, including who owned it, what work has been done, how much it has been driven, recent repairs, recent awards, etc., (3) making sure my ad was seen pretty widely, such as on Hemmings, club websites, etc. and (4) including a realistic price that made clear I was serious about selling, and that didn't require potential buyers to "make an offer" way below the offering price just to get into the realistic price range. The first of the cars sold in about 3-4 weeks to the first person who came out to see it, who had seen the ad in a club publication. The second of the cars also sold in about 3-4 weeks, this time at my full asking price sight unseen (which certainly surprised me, but I was happy to take). In both cases I sold the car for about 5%-10% more than I paid for them myself about 4 years earlier.
  7. I had to google "harry miller race car" to find out who Harry Miller was, so I'm not sure he satisfies (b). But I also don't know how much Harry Miller race cars sell for.
  8. I agree that seven figures interesting is odd for a Tucker. At the same time, it's hard to find an American car that is (a) truly distinctive both mechanically and cosmetically, (b) well known to most people in the hobby, and (c) made in such low numbers that most people never see one.
  9. John, I love those cars, but your point about gaining or suffering "per market" is a big one. My sense is that prices were super strong for a while for those cars in particular (insert all of our "should have bought that one for $18,000 back in 2002" stories) and have softened, and it always makes me nervous to see big price fluctuations.
  10. What a coincidence that a lot of these bright colors date back to the 70s. I wonder what could explain it....
  11. Here's an example of a slightly "out there" color that is also correct and original to the car -- my 1949 Cadillac in chartreuse. In 1949, Cadillac only offered the color on convertibles, and after a few months they dropped the color offering because few people wanted a color that bright. I think it looks really cool, and my sense is that the market actually gives the chartreuse convertibles a slight boost if they are original to the car (color code 21). And if not, at least it's not a demerit. But I get a lot of questions about the color, and it's not to everyone's taste. ETA: More on the chartreuse '49s here.
  12. Matt Harwood is the expert on this, but I'll offer my non-expert opinion: In my experience, the color of a car does have a significant effect on market value -- and the current market favors original or at least period-popular colors for prewar cars. It seems to me that folks buying 80+ year old cars mostly are the type that favors originality. To that crowd, a strange or garish color scheme is like putting a Chevy small-block in a Packard. I wasn't in the hobby then, but I suspect it was a little bit different 40 or 50 years ago, when prewar cars were only 30 or 40 years old and restoration standards weren't what they are now: An old car may have just been a fun curiosity, so a crazy color was putting your own stamp of individuality on things. But these days it seems like originality reigns. Given the hassle and cost of painting a car over, market values suffer from oddball choices.
  13. Matt, this is a great answer -- thanks for it. You're an excellent writer, by the way: Have you ever thought about having a column in Hemmings, or some similar publication, about the classic car hobby and the market in buying and selling cars? I would think you can write a column very quickly and it would reach a broader audience than the AACA Forum. I write for a living, so I don't give out that kind of praise easily. But you would be an excellent magazine columnist in one of the hobby's prominent magazines. UPDATE: I now see that John_S_in_Penna had the same idea. Consider his idea seconded!
  14. Matt, how much of your experience reflects the difference between inexperienced buyers and experienced buyers? Your example of an inexpensive car buyer sounds like someone who doesn't know what he is doing, perhaps because he hasn't done this before. Your more expensive buyer sounds like someone who isn't in his first rodeo. I know that when I was looking for my first classic car, with about $10,000 to spend, I did or planned to do all sorts of exceedingly dumb things. For example, I once went to pick up a 60-year-old car that I had never inspected and that had 30 year old tires that I was planning to drive 150 miles at highway speeds back home. Fortunately I chickened out at the last minute and decided not to buy the car. Chickening out at the last minute was no doubt an inexperienced buyer thing to do, but it's something I'm glad I did because at least I lived to tell the tale. With more experience, and often with more resources saved up over time, comes a less crazy buying process. Or at least that's a possible explanation: Curious about your thoughts.
  15. That reminds me of when I was at Hershey a few years ago with my wife. I bought a little plastic knob for my Packard. And I showed it to my wife, who said: WIFE: I'll bet that little plastic knob was $50. ME: That would be something, wouldn't it. WIFE: Was I close? ME: 50, exactly, dear.