I see more ad like this..

[nick8086]

https://www.hemmings.com/parts/item/11809.html?refer=blog

 

I HAVE WELL OVER A MILLION DOLLARS WORTH OF STUFF..  

Edited March 3, 2017 by nick8086 (see edit history)

[trimacar]

I had seen that ad and find it quite interesting...not for me to buy, just fascinating there's so much stuff there, and how do you put a value on it?  You'd be years and years selling it piece by piece.  If you put all the parts on each of the cars, two convertibles and one Nomad, what would they be worth each, unrestored?  $20K maybe?  Less? To go against the $195K asking price.

 

Probably a great deal for someone already into those cars and who has the place to store and sort and sell, or use.....

[John_S_in_Penna]

I suppose it's good that someone is preserving all that stuff

for future 1955-57 Chevrolet owners.  It would be most

helpful if an owner could call and get a single needed part--

at least while he's trying to sell the hoard.

 

 

[auburnseeker]

People don't realize that when you sell a volume of anything, cars, Especially parts, even literature, you are only going to get a small percentage of what the whole lot pieced out is worth.  I looked at a hoard of prewar Cadillac stuff, including 30 cars ranging from parts to restored, with only a very small portion being restored or mostly restored with I believe maybe 4 open cars and nothing older than 28, no V16's and very little V16 stuff, Lots and lots of used parts.  Maybe a tiny portion of NOS parts.  All for 1 million.  (I didn't know the price before I went to look)  I was hoping to buy some parts., maybe a car or two.   I think they will have the stuff for a long time unless they hold an auction.  That was my suggestion.  Even then they may not get that much and that's if it's well advertised, especially after the auction company's cut. 

[padgett]

I resemble that remark. Figure if I ever have a garage sale will also need a Hemmings advt. (unless make a package deal, not many homes within a mile of Universal Studios in O'town have a 2000 sq ft home and 2000 sq ft of garage space. And sidewalks).

 

Frankly the only reason I have so much stuff is because every time I sell/give something away, six months later I need it and has become unobtanium.

 

Suspect it would be easier to just hire a dumpster and pour all this stuff I have not seen in decades inside. Keep saying will clean it all out, no real attachment, just lack motivation. And that's the trufe.

Edited March 3, 2017 by padgett (see edit history)

[Paul Dobbin]

 

We've discussed this before on this Forum, "What Will Happen to My Stuff?   As pointed out above there is a tremendous loss in value when sold in volume.  Do you have a Written Plan?  Legalized and witnessed? Explained to you survivors?

Must people don't and the consequences are horrible.

I hope the seller finds a lump sum buyer, and it seems he is well organized, could happen. But it takes luck and they'll take a big loss anyway.

I hope it's a retirement sale, the owners knowledge of what's there is the key to the sale.

[Doug Novak]

The offered sell price sounds reasonable and the majority of it could be recouped if the 3 cars were fully restored. The Nomad might be worth a lot, love to have that one. The thing to consider is the buyer would need a place to store it and complete the work, so that would limit the number of people who have a facility, or more likely a restoration business to do this. Might also be able to flip the cars quickly. As for the parts, they are said to be for the 3 years 55-57 specific to Chevy so this could limit the market and the number of customers that are working on restoration for these. I think there could be a million dollars in the total deal but that would be retail after it's sold and who knows how long it would take to sell it all. Not saying the seller is wrong in his description, but how big is the market for it.

[JACK M]

Tri five Chevys are probably the most popular group of special interest vehicles.

This is one of the reasons I don't like them, but the guys that do wouldn't have anything else and will pay up for what they need.

GM (Chevrolet in particular) has a bigger following than any other Marque in my opinion.

[misterc9]

The value of that hoard is probably diminishing. More reproduction 55-57 items are being added to the market every day including whole reproduction bodies and sheet metal and trim. That inventory was probably worth more ten years ago.

[JACK M]

18 minutes ago, misterc9 said:

The value of that hoard is probably diminishing. More reproduction 55-57 items are being added to the market every day including whole reproduction bodies and sheet metal and trim. That inventory was probably worth more ten years ago.

 

I agree.

I doubt the Tri Five guys much care about originality as they do the flash and status of having one.

[Frantz]

Still if someone was looking to get into the business, there is the value added of getting good inventory right off the bat! If the stuff is cataloged and organized for retail as it looks it might be that's frankly worth something too (certainly if it's NOT cataloged I would want to pay much less). If cataloged, and you were local, and could work out a lease on the property it's currently stored at, heck, it's looking like a bargain! Given the east coast location that probably does open the market up a little for shipping. Many times big stash's are the middle of no where. Thankfully I neither have $200k or a real strong interest in Chevys of this vintage.

[R Walling]

 If I had that horde, I would group small lots for a particular car and sell it on e-bay at a no reserve auction.

 That way you could get top dollar for one special piece and get rid of several parts at a fire sale price.

[1937hd45]

I wonder if todays scrap value on the pile is worth more than the trouble to list and sell it all? Bob

[Pomeroy41144]

On ‎3‎/‎3‎/‎2017 at 11:27 AM, JACK M said:

Tri five Chevys are probably the most popular group of special interest vehicles.

This is one of the reasons I don't like them, but the guys that do wouldn't have anything else and will pay up for what they need.

 

 

Not a fan either.  My brother walks right past them at the shows. 

[60FlatTop]

Marketing is long and expensive and the lingering bits.

 

That's a job for a professional and I am sure they are on the way at full speed.

 

Go get 'em, guys!

(Don't quit your day job with the TV producers even if they offer you a 1099 for 2017.)

Bernie

[1937hd45]

Nice photo Flat Top is that the 1911 twin Mike is on? Bob

Edited March 4, 2017 by 1937hd45 (see edit history)

[28 Chrysler]

It is hard to sell original parts when you can order new parts out of a catalog.

The same with rebuilding a small block Chevy engine when you can just order a "crate engine" with a warranty.

[1912Staver]

Repro parts are in most cases inferior to good used. Having fought with more than my share of parts that looked great right up until you went to install them I never choose a repro except as a last resort. Some venders stuff is good but in my experience a lot of it is a very poor substitute . Some things like rubber parts you really don't have any choice, but buyer beware.

 

Greg in Canada

[Zimm63]

Good used is a real consideration here.  How many of those bits fit that category?  What is the demand for 55-57 Chev parts these days? 

 

I would suspect that most of the likely candidates for restoration have been restored already.  Yes, people will need parts but moving all of that and storing it while trying to get retail prices for all of it would be a big chore. 

 

Be interesting to see what it finally goes for, if it goes as a lot. 

 

 

[auburnseeker]

When it comes to tri five chevy stuff,  unless the used stuff is like new or close,  it has scrap value.  There are piles of it from every car that is restored where everything is pulled in favor of all new reproduction stuff.  NOS has some value,  but that again is based on condition.  Many of the NOS parts left were seconds to begin with.  Mustang parts are the same way.  Pretty much goes the same for any car or truck that have a strong reproduction parts supply.   I sell parts every day and I don't even look at any of the above mentioned unless it's like new NOS or excellent take off,  dirt cheap.  They don't sell and most of the people that have them think they are worth big money.  

I've had the chance to buy a few very large lots in the recent past and it wasn't even the money.  I just couldn't imagine handling all the stuff, much less storing it.   I walked away and glad I did.  

[Joe in Canada]

I stopped hauling parts over ten years ago from Texas and New Mexico as a hobby. Repro stuff was effecting the used part prices so I bailed at a good time. I had six weeks holidays I had to take plus the extra time I took. A friend and I just ran the roads pulling a thirty foot deck over to fill up. Always had a great time until we hit customs on the way home.

[Xander Wildeisen]

There are still a lot of 55-57's around here that need to be restored/built. They are not outside anymore, looked up in buildings. If a person can store all the stuff inside, more power to you. It is sad to see stuff sitting out in parts of the country where the weather kills it. Here is a link to a 1940 Ford grill   http://www.speedwaymotors.com/1940-Ford-Deluxe-Grille,3047.html  I have installed one of these on a car. Very nice, Let me know who could re-chrome an original for the $399. Always nice to see re-chromed grill bars showing the reflection of the bottom of the bar right above it. Better fix the pits on the bottom of the bars as well. Tough to compete with quality reproduction items. As stated above, there is a lot of reproduction parts that are junk. I think people get away with selling some of it, because it takes people so long to finish a project. By the time you go to put some of that crap on, you have owned it for a few years. All parts need to be ordered and installed in the mock up phase of a build/restoration. Owning a shop and dealing with after market parts, you learn very quick that a crappy part on a customers car will become your problem very fast on the end of the project. 

[JACK M]

Not exactly  a Repro, but I bought a 'crate Hemi' engine some years ago and it had several problems right out of the box.

It was around five years after I bought it before it ran.

It sucks to be told "Oh yea, we got a bad run of those from one of our suppliers a few years ago" when the item was over twelve thousand dollars.

They gave me a part number however for a new rear main seal retainer that should fix that problem. It was a hundred bucks and back ordered for nine months.

Man, it took forever to get that thing on the road, but its OK now after all the sting goes away.

[Terry Bond]

too many dealers (or wanna-be) forget the basic theory - you can only sell your good stuff once!

Terry

[victorialynn2]

On 3/3/2017 at 8:57 AM, padgett said:

I resemble that remark. Figure if I ever have a garage sale will also need a Hemmings advt. (unless make a package deal, not many homes within a mile of Universal Studios in O'town have a 2000 sq ft home and 2000 sq ft of garage space. And sidewalks).

 

Frankly the only reason I have so much stuff is because every time I sell/give something away, six months later I need it and has become unobtanium.

 

Suspect it would be easier to just hire a dumpster and pour all this stuff I have not seen in decades inside. Keep saying will clean it all out, no real attachment, just lack motivation. And that's the trufe.

 

OMG, I guess my situation could have been a lot worse! LOL

[victorialynn2]

On 3/4/2017 at 8:58 AM, 1937hd45 said:

I wonder if todays scrap value on the pile is worth more than the trouble to list and sell it all? Bob

Scrap is very low. I've checked. Was offered 100 for a complete car, if I brought it to the wrecking yard. 

[John_S_in_Penna]

If scrap prices are low, that means fewer

parts cars will be destroyed.  

Low scrap prices are good for the future of the hobby.

[nick8086]

5 hours ago, victorialynn2 said:

OMG, I guess my situation could have been a lot worse! LOL

 

Every thing is that way.. Times change what people want..   generation x millennials are the next buyers.. 

[Joe in Canada]

11 hours ago, John_S_in_Penna said:

If scrap prices are low, that means fewer

parts cars will be destroyed.  

Low scrap prices are good for the future of the hobby.

Can anyone see someone doing a complete restoring a 2016 Camaro in the future? Does anyone think there will be for instance an aftermarket ECM to bring that project back to life 30 years from now? Is high teck going to bring this hobby to a standstill at the 90s cars. Is anyone doing a restoration on a 90s car today. Are the government emission tests going to have an impact on our hobby making it difficult to keep a 90s cars within environment specification for touring. In 2007 scrap hit $300. a ton and many yards with older cars cleaning out there yards back then.  Not many older cars in yards today unless they specialise in vintage cars and parts and those yards will scrap after the value has been picked off. I really cannot see scrap prices affecting our hobby as what is left out there that people are restoring today. These are all the questions I ask myself about the future of our hobby.  I had a Cadillac Allante and sold it last year as it was just too much to keep on the road for its value. I also sold my 66 Chevy last year and now looking at going back to pre 16 cars.

[Larry Schramm]

16 minutes ago, Joe in Canada said:

Can anyone see someone doing a complete restoring a 2016 Camaro in the future? Does anyone think there will be for instance an aftermarket ECM to bring that project back to life 30 years from now? Is high tech going to bring this hobby to a standstill at the 90s cars.

 

Good question as the cars of today have more computing power by a large factor than was used to send a man to the moon.

 

Many cars being built today have as many as seven microprocessors / computers with between three and seven dedicated communication lines talking between them.

[John_S_in_Penna]

1 hour ago, Joe in Canada said:

Can anyone see someone doing a complete restoring a 2016 Camaro in the future? Does anyone think there will be for instance an aftermarket ECM to bring that project back to life 30 years from now? Is high teck going to bring this hobby to a standstill at the 90s cars?... 

 

Thankfully, yes, Joe:  Someone in the future will undoubtedly be

restoring a 2016 Chevrolet Camaro, and a 1992 Dodge Stealth, and a

1984 Dodge 400 convertible.  Maybe one of us.

New ideas, new enthusiasm, new technologies and new reproductions

continually advance our hobby.

 

I think the worry you state has come down through the ages:

"Can you see anyone ever doing an off-the-frame

restoration of a 1960's car?"  Then, "Can you see anyone

ever restoring a 1970's car--they're too complicated."

I'll bet the early AACA members wondered why anyone

would ever want a 1930's car--and they clearly must have

thought little of them, because even graceful Classics

lurked cheaply in back corners of used car lots for quite a while,

and not all of them were saved.

 

So, friends, there is hope---

 

Edited March 6, 2017 by John_S_in_Penna (see edit history)

[Frantz]

@Joe in Canada

If you look at it from a traditional car restoration hobby then no, however, we have new things helping us out! Computers can be remade. All it takes is someone hacking the original and you can reflash other computers to fit in the same box. I'm simplifying it because it's over my head. But so are tube radios at this point. Plastic bits will be easier to get as repops as 3d printers and computer controlled cutting tools makes mold making a much cheaper process. Emissions are actually good for an AACA type mindset. My hot rod '94 Mustang technically breaks federal law, but keeping a car original does not. One of my projects is an '82 Rampage and I was able to still find all the emissions stuff for that (Thank you Dodge Omni) except for one steel tube I was able to fabricate. I replaced the entire system (though if you come across the brake proportion system from under then bed let me know). The challenges for restoring modern cars really aren't so bad, we just need the market to drive them. And as has been expressed time and time again, that's the scary bit. But, for a few grand you can get a nice Mustang or Camaro from the 90's that's in good running order. General vehicles can be found nice for $1k if you look around. What we need to do is make sure we get them on the road and enjoying some tours! A car that starts its life at year 25 as an HPOF vehicle is something we should be excited to see.

[padgett]

No actually you have it right, cloning a computer is trivial, is more a matter of the sensor inputs. Was easier in the 80s when a GM car had many computers (are stuffed everywhere imaginable in a 88 Reatta, under hood, in dash, in console, ABS module is in the trunk...).

 

Is kinda like cockroaches, where there were many now is just one big one.

 

Hard part also is that in 1981, the Computer Command Control (GM) had 2k of memory (of course then a MB of DRAMs was $1,000). By 1988 the P4 used 256k PROMs. In the 90s 512k and increasing.

 

Cloning is relatively easy since is just a copying process. Converting a computer for an automagic to a manual trans is quite a bit harder.

 

Anything used in production can be reversed engineered (once had to design a system that couldn't. 'nother story). Is just a skill and tool set, nothing complicated, more tedious and boring. Same as tuning dual quads or trips or gaggles of webers. No big just takes a while to get it right.

 

Yesterday had to rebuild the carb in my Honda EU2000i, main was completely blocked. Are famous for that. Took about the same time as to analyze a boot sector infector. One of my other, other hobbies is finding a generator that is safe for a PC and can start a 13,500 btuh AC. See here if interested. Haven't had to reprogram one. Yet.

 

Biggest difference is way back at the turn of the century there was a group called DIY-FI that produced files like ALDL-Stuff that made tuning pre-OBD-II GM cars easy. All you really needed was a PC and a cable (to read the data stream that is, to reprogram took a bit more). Nice thing about the internet is that where there is a need, someone will fill it.

 

ps we went to the moon on plated wire memory with lots and lots of overlays. Could fly a '70s fighter jet on 32k. Original 8086 could addess a whole Meg. Remember getting my first 10MB platter (about 18" diameter) and wondering how I would ever fill it...

Edited March 6, 2017 by padgett (see edit history)

[John_S_in_Penna]

Padgett, I appreciate your computer expertise

as it relates to cars.  It gives encouragement

that the computerized cars will be repairable

and restorable as needed in years to come.