1937hd45 Posted July 14, 2018 Share Posted July 14, 2018 Why does every conversation erode to driving the cars? Has the look of a car ever improved by driving it? Bob Link to comment Share on other sites More sharing options...
Bob Roller Posted July 14, 2018 Share Posted July 14, 2018 On 7/13/2018 at 5:50 AM, wayne sheldon said: I could go to a dollar ninety seven cents! Think that could work? Only if it were in currency backed by precious metal, NOT Federal Reserve notes. Link to comment Share on other sites More sharing options...
trimacar Posted July 14, 2018 Share Posted July 14, 2018 29 minutes ago, alsancle said: If we stick with North America there are only a 1/2 a dozen known guys that can float in that space (above 10,000,000) and they are all getting older. I'd agree with that statement, with two comments. First, that's CAR guys you're talking about, correct? There are a lot of non-car guys who might just want to own it for bragging rights. Second, the "getting older" is a very genuine statement. Even 10 years ago, there probably would have been even more interest in the car, but now a lot of the "older" collectors are realizing it's time to get rid of stuff before they move on to the next level...... I think all those factors will determine final hammer price, and it's a crap shoot as to where it will end up... Link to comment Share on other sites More sharing options...
Bob Roller Posted July 14, 2018 Share Posted July 14, 2018 On 7/13/2018 at 5:50 AM, wayne sheldon said: I could go to a dollar ninety seven cents! Think that could work? Only if it were in currency backed by precious metal, NOT Federal Reserve notes. Link to comment Share on other sites More sharing options...
Bob Roller Posted July 14, 2018 Share Posted July 14, 2018 On 7/13/2018 at 5:50 AM, wayne sheldon said: I could go to a dollar ninety seven cents! Think that could work? Only if it were in currency backed by precious metal, NOT Federal Reserve notes. Link to comment Share on other sites More sharing options...
Bob Roller Posted July 14, 2018 Share Posted July 14, 2018 25 minutes ago, alsancle said: Hey Bob, Welcome to the forum! I hope you hang around and participate as you have some great history and stories about the cars, especially Duesenberg. I do know some pretty wealthy guys that drive the cr*p out of the very expensive stuff. I also know some guys that are not so wealthy that never take their cars out! So I think there is a full range. A.J A.J. Thank you for the welcome.If I can help I will be glad to.Duesenberg cars and Long Range Muzzle Loading Rifles are my main hobby interests. Link to comment Share on other sites More sharing options...
Matt Harwood Posted July 14, 2018 Share Posted July 14, 2018 2 hours ago, Bob Roller said: The Whitell aluminum top Murphy bodied coupe.Went to a German industrialist for over 10 million$.Must be nice to write a check and have the bank bounce instead of the check.. There's that old saying: if you owe the bank $100,000, you have a problem. If you owe the bank $100 million, the BANK has a problem. There are A LOT more than 10 guys who can write a $20 million check for a Duesenberg in this country without stuttering. I think I'm sitting in a room with at least two of them at this very moment... 1 Link to comment Share on other sites More sharing options...
Walt G Posted July 14, 2018 Share Posted July 14, 2018 After all the commentary by everyone, "experts" ( most self proclaimed and the real deal who have less egos attached) as well as the rest of us , I hope when the car does sell the focus is not so much on what price it brings but where it eventually finds a home and that the new owner takes the car out and shares it with people who would really love and appreciate to see it in person and not because it brought $uch a huge amount of ca$h. This a is a great site for people to express themselves and share their opinion, but some individuals have to comment on everything no matter what it may be on . Link to comment Share on other sites More sharing options...
alsancle Posted July 14, 2018 Share Posted July 14, 2018 1 hour ago, Matt Harwood said: There's that old saying: if you owe the bank $100,000, you have a problem. If you owe the bank $100 million, the BANK has a problem. There are A LOT more than 10 guys who can write a $20 million check for a Duesenberg in this country without stuttering. I think I'm sitting in a room with at least two of them at this very moment... The bank statement is true. There are probably 5k guys in the country that can write a 10 million dollar check and not think too hard about it. But would you agree that 95% of the time big dollar cars are bought by known quantities? Guys that have been around for at least a little while. Very rarely does somebody come out of no where and grab something very very expensive. Most of the time you don't have that kind of money because you are an idiot. Link to comment Share on other sites More sharing options...
alsancle Posted July 14, 2018 Share Posted July 14, 2018 3 hours ago, edinmass said: AJ is a good friend......maybe I shouldn’t say that....... This would be a text book example of guilt by association. Link to comment Share on other sites More sharing options...
cahartley Posted July 14, 2018 Share Posted July 14, 2018 5 hours ago, 1937hd45 said: Why does every conversation erode to driving the cars? Has the look of a car ever improved by driving it? Bob I can't argue with that. On the other hand if a car is never seen does it matter?....... Link to comment Share on other sites More sharing options...
cahartley Posted July 14, 2018 Share Posted July 14, 2018 5 hours ago, alsancle said: You are funny Curt. Obviously I love the car, but I'm torn on where the price will go. If we stick with North America there are only a 1/2 a dozen known guys that can float in that space (above 10,000,000) and they are all getting older. According to FORBES on March 5th, 2016, "There are 540 billionaires in the United States, with a combined net worth of $2.399 trillion, according to our 2016 list of the world's richest people.with a combined net worth of $2.399 trillion" so I don't think there's any shortage of people who CAN'T afford it....... Link to comment Share on other sites More sharing options...
alsancle Posted July 14, 2018 Share Posted July 14, 2018 5 minutes ago, cahartley said: According to FORBES on March 5th, 2016, "There are 540 billionaires in the United States, with a combined net worth of $2.399 trillion, according to our 2016 list of the world's richest people.with a combined net worth of $2.399 trillion" so I don't think there's any shortage of people who CAN'T afford it....... I've had the opportunity to talk with non-car guys that all have net worth numbers north of 100 million and a lot more in some cases. Every one of them thinks the idea of spending even 100k on a "collectible" car is insane. I'm going to go back to my point that the car will go to a known quantity in the hobby, somebody who already has cars. There is very little chance of a "newbie" just jumping in at 10 million. Link to comment Share on other sites More sharing options...
mercer09 Posted July 14, 2018 Share Posted July 14, 2018 've had the opportunity to talk with non-car guys that all have net worth numbers north of 100 million and a lot more in some cases. Every one of them thinks the idea of spending even 100k on a "collectible" car is insane. I'm going to go back to my point that the car will go to a known quantity in the hobby, somebody who already has cars. There is very little chance of a "newbie" just jumping in at 10 million. interesting, considering collectible cars have beat out most other investments in the past 10 years. Safe to say then, rich people dont understand cars............. 100k today isnt all that much. Heck, a nice model A is worth 30-40k Link to comment Share on other sites More sharing options...
1937hd45 Posted July 15, 2018 Share Posted July 15, 2018 How come there is no shortage of bidders on sweaty sports "memorabilia" and their sanity is never questioned...…………..then there is there modern art scam. Bob Link to comment Share on other sites More sharing options...
$um Fun Posted July 15, 2018 Share Posted July 15, 2018 What a iconic car! I got some lucky numbers in my fortune cooky last night, now to go buy my Loto ticket. Link to comment Share on other sites More sharing options...
1912Staver Posted July 15, 2018 Share Posted July 15, 2018 (edited) It's a remarkable car. And unfortunately only for the 1%. Does it really matter what it sells for ? We all know without a powerball win we won't be bidding. It is nice to dream once and a while. Lets see, the Duesenberg or a 125' classic sailing yacht ? Both make nice fantasy's Greg in Canada Edited July 15, 2018 by 1912Staver (see edit history) Link to comment Share on other sites More sharing options...
alsancle Posted July 15, 2018 Share Posted July 15, 2018 4 hours ago, mercer09 said: interesting, considering collectible cars have beat out most other investments in the past 10 years. Safe to say then, rich people dont understand cars............. 100k today isnt all that much. Heck, a nice model A is worth 30-40k I'm wondering where you are getting you are getting your data from? According to this calculator, the SP500 has doubled since 2008 https://dqydj.com/sp-500-return-calculator/. I know that almost all of my cars are either worth the same or less than what they were worth in 2008 and they certainly have not doubled. Perhaps I'm buying the wrong cars? 1 Link to comment Share on other sites More sharing options...
Xander Wildeisen Posted July 15, 2018 Share Posted July 15, 2018 I do not know what the seller of the Duesenberg payed for it, when it was purchased. My guess is he/she will double their money. Link to comment Share on other sites More sharing options...
mercer09 Posted July 15, 2018 Share Posted July 15, 2018 Al, many articles out there stating that top cars have quadrupled in the last 10 years. You have a couple of "special" ones and I am sure they are worth more then double in that time. The cars are #1 on the list with rare coins in a distant 2nd position for appreciation. just google it. Link to comment Share on other sites More sharing options...
mercer09 Posted July 15, 2018 Share Posted July 15, 2018 here is just one article-showing cars at 288% growth over the last 10 years, cars are apparently dropping the last year or two, but still #1 over 10 years. Knight Frank Luxury Investment Index (to Q1 2018) Luxury asset Price Growth 12-month 5-year 10-year Art 21% 29% 55% Wine 9% 58% 174% Watches 5% 23% 69% Coins 4% 50% 182% Jewellery 4% 41% 138% Stamps 1% 11% 103% Coloured diamonds 0% 9% 77% Antique furniture -1% -20% -32% Cars -1% 91% 288% Chinese ceramics -2% -12% -4% KFLII 6% 40% 108% *Chinese ceramics, coins, stamps, furniture, watches and jewellery to Q4 2017 Sources: Knight Frank Research, Art Market Research, HAGI, Wine Owners, Fancy Color Research Foundation, Stanley Gibbons Info@BestMediaInfo.com Tags: Classic cars KFLII the Knigh Link to comment Share on other sites More sharing options...
alsancle Posted July 15, 2018 Share Posted July 15, 2018 I tried to tell my wife that moving all our money in to Hummels and antique furniture was not going to be a good idea. 25 years ago I wanted a GT40, A Miura, a Pantera and a 356 Speedster. All of these cars were expensive then but attainable. Instead I decided it would be a good idea to jump in on the Reo Royale and Hupp bandwagon. I'm going to set up an investment company called "Do the Opposite of what I tell you to do". Btw, the SSJ came along as part of the Briggs Cunningham collection. The Colliers were tight with Briggs since before WWII. The ARCA book outlines all this. That car will be a 10x profit. 1 Link to comment Share on other sites More sharing options...
auburnseeker Posted July 15, 2018 Share Posted July 15, 2018 I must have bought the wrong cars or if they took mine into account that chart is way off. Link to comment Share on other sites More sharing options...
Xander Wildeisen Posted July 15, 2018 Share Posted July 15, 2018 Any day Hudson's are going to explode in value, I can just feel it. It might even be today. Link to comment Share on other sites More sharing options...
auburnseeker Posted July 15, 2018 Share Posted July 15, 2018 Hudsons already did Xander, Especially pickups right before I bought mine. Now they are on their downward slide. Already a bunch of even old people came up to me and said Hudson made a pickup? I guess they won't be buying one to relive their youth. 1 1 Link to comment Share on other sites More sharing options...
trimacar Posted July 15, 2018 Share Posted July 15, 2018 20 hours ago, Walt G said: but some individuals have to comment on everything no matter what it may be on . Well, after that, I've decided not to post any more on this thread, that's for sure....oh, snap, I just did.... 1 1 Link to comment Share on other sites More sharing options...
Brass is Best Posted July 15, 2018 Share Posted July 15, 2018 On 7/14/2018 at 12:46 AM, 1937hd45 said: If this car is set to break the record for most expensive Pre WWII American made car, what holds that record now? Bob The George Whittle Murphy Duesenberg at $10,340,000. 1 1 Link to comment Share on other sites More sharing options...
Xander Wildeisen Posted July 15, 2018 Share Posted July 15, 2018 I think everyone's comments are great. You can tell that they are from people at all levels of wealth and different view points. Nice to hear what people think. The car in question will find it's value, that is one real conversation. What happens to it, where it goes and what is done with it. Is another conservation. I like hearing comments from people who are involved in cars like this, a person can learn a lot. Link to comment Share on other sites More sharing options...
mercer09 Posted July 15, 2018 Share Posted July 15, 2018 WOW! my eyes cant stop looking at that Duesey!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! like an incredibly hot woman!!!!!!!!!!!!!!!!!!! damn, Im getting eye burn.......................... 1 Link to comment Share on other sites More sharing options...
auburnseeker Posted July 15, 2018 Share Posted July 15, 2018 (edited) This one is mine once I win the Mega. I spent my 2 dollars and have my dream. They said that's all it takes right? Think I'll even leave the Whitewalls on it! Edited July 15, 2018 by auburnseeker (see edit history) Link to comment Share on other sites More sharing options...
Xander Wildeisen Posted July 15, 2018 Share Posted July 15, 2018 You could drive it out here and strap down your free Hudson hood. 1 Link to comment Share on other sites More sharing options...
60FlatTop Posted July 15, 2018 Share Posted July 15, 2018 44 minutes ago, alsancle said: I'm going to set up an investment company called "Do the Opposite of what I tell you to do". I have had a tough time with the name Bernard. It appears my Mother pronounced it wrong and I usually have to be corrected. "Daily" is a huge stumbling block that seems to be the most unfamiliar word out there. You'd think it would be used on a daily basis. So paperwork is in progress to change my name to Owen Dalton to make it easy, Cornelius as a middle name to keep it Irish. Look for the new company name: The OCD Group. We are somewhat focused on many investments. Bernie Link to comment Share on other sites More sharing options...
Bob Roller Posted July 15, 2018 Share Posted July 15, 2018 If memory serves me right didn't this car have a free wheeling device or some similar contraption that didn't work very well.I recall an article in AQ about Captain Whitell and his Model "J"s and he apparently had problems with all of them such as engine failure on the LWB speedster.Anyone else have anything to add. Link to comment Share on other sites More sharing options...
60FlatTop Posted July 15, 2018 Share Posted July 15, 2018 The short one I tried may have had the freewheeling "upgraded". I knew the shifter was from a Mustang as soon as I got in. Link to comment Share on other sites More sharing options...
alsancle Posted July 15, 2018 Share Posted July 15, 2018 36 minutes ago, mercer09 said: WOW! my eyes cant stop looking at that Duesey!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! like an incredibly hot woman!!!!!!!!!!!!!!!!!!! damn, Im getting eye burn.......................... This is why I made the point a few posts back about the LWB Coupe vs the SWB SSJ. The Whitell car just GLOWS which is why I'm not sure where the SSJ will land. 1 Link to comment Share on other sites More sharing options...
alsancle Posted July 15, 2018 Share Posted July 15, 2018 2 minutes ago, 60FlatTop said: The short one I tried may have had the freewheeling "upgraded". I knew the shifter was from a Mustang as soon as I got in. I like the Duesenberg II as far as homage or replica cars go. The only give away is the 18 vs 19 wheels which most people can't pick up on. Well, that and the mustang shifter :). Link to comment Share on other sites More sharing options...
60FlatTop Posted July 15, 2018 Share Posted July 15, 2018 I asked Mr. Mace if I could sit in the car. He said OK and I slid in. That is when I saw the shifter, my only clue, as a casual hobbyist, standing there in the garage. The SWB helped pull in off. Link to comment Share on other sites More sharing options...
mercer09 Posted July 15, 2018 Share Posted July 15, 2018 Bernie, I thought Saint would work well with your birth given name......................... after all, you are a holey man and your bark is bigger then your bite! lol Link to comment Share on other sites More sharing options...
mercer09 Posted July 15, 2018 Share Posted July 15, 2018 Think I'll even leave the Whitewalls on it! between the whitewalls and the red undercarriage, something has to give, if I want to make it my own. switching it to blackwalls!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
Bob Roller Posted July 15, 2018 Share Posted July 15, 2018 21 hours ago, cahartley said: I can't argue with that. On the other hand if a car is never seen does it matter?....... I doubt if E.L.Cord and Fred Duesenberg had in mind lugging these cars on trailer. Once while at Auburn,maybe 25 years ago a Derham (J164)was driven in from Connecticut and the owner was asked WHY.His reply was "It's to heavy to carry". I complimented him on the fast response.This car then was unrestored and reeked of mothballs.I think I might have pictures of it. 1 Link to comment Share on other sites More sharing options...
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