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Frame off 71 almost $30K ALREADY


Chimera
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                             Wow........she went through all that work and expense for years and get's it finished and immediately puts it up for sale.

 I have a friend who has done this his whole life......spends several years doing a frame-off and starts trying to sell it 2 weeks after it is finished, usually

for half what he has  invested in it. Then he goes out and buys another car as a "driver" then decides it isn't nice enough , tears it all apart and the

cycle begins again. He's in his 70's now, has owned about twenty magnificent cars but currently has no old cars that he can drive, but he is "working"

on his 57 Nomad......should be driveable......uh sellable by the time he is 80!

 

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To many, working on cars fulfills their entertainment/free time aspect of life.  They don't go out to dinner, go to concerts/sporting events, movies, casinos, etc. that many folks do in their free time.  Instead they spend the money on a car only to sell it and start over when they are done.  They aren't doing it caring about the cost at all, because it's what they love doing in their spare time.  They usually have another job that pays the bills.  They can spend money on those other things or spend money on cars.

 

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Having just done a frame off on a 72 , guarantee that $30 K won't cover half the cost . More power to her - it's a beautiful car . Can't tell you the number of auctions I have been too where there are 6 inches of receipts and the car brings 30cents on the dollar . As noted above , it's not about the money for these folks . It's all about the experience - we should all be that lucky . 

KReed

ROA 4549 

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1 hour ago, PWB said:

 

I didn't know double stripe tires were still available.

 

A beautiful machine and story. I hope its sells big.

 

 

The thin dual stripe whites are correct for 71. ROA member Gene Pike is the first one I know to have given  DB the specs to make them correct for 71 Riv. Note originally those tires would have been bias.

I wouldn't be surprised at all if the reserve is $50k or more which if lucky would be about half the investment. Just a guess. These cars are expensive to restore as noted above. While there were some details left unattended to on the restoration, this car has everything going for it. First year boattail, GS, highly desireable color combo, bucket seats. Will be interesting to watch.

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3 hours ago, 39BuickEight said:

To many, working on cars fulfills their entertainment/free time aspect of life.  They don't go out to dinner, go to concerts/sporting events, movies, casinos, etc. that many folks do in their free time.  Instead they spend the money on a car only to sell it and start over when they are done.  They aren't doing it caring about the cost at all, because it's what they love doing in their spare time.  They usually have another job that pays the bills.  They can spend money on those other things or spend money on cars.

 

 

This. If you spend your money on travel or concerts or baseball games or fishing or golfing, there's no financial payoff.  Same here.  Some folks just like doing this; it's entertainment.

 

Because God knows that if you're in it for the money, you're in the wrong business. :D

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  • 2 weeks later...

It may take a bit to get the right buyer. Something like that it might be better to have in a Barrett-Jackson like auction during early Summer season or Spring. Might also want to wait a few years for the market to catch up with the fact that Rivieras are the coolest cars ever made in history. The public is sometimes slow to figures things out...

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