kreed Posted January 13, 2022 Share Posted January 13, 2022 1965 Riviera GS Black/ Black sold for $150 K plus buyers premium = $165 K . Don’t know anything about the car but prices are crazy now . Interestingly had a red pinstripe down the side to match the redline tires . Looked nice on TV but I’m sure someone knows the details on this car . KReed ROA 14549 Link to comment Share on other sites More sharing options...
cjp69 Posted January 13, 2022 Share Posted January 13, 2022 it was for sale in August last year for $75k, but I don't think it sold and they took it to auction. Link to comment Share on other sites More sharing options...
lrlforfun Posted January 14, 2022 Share Posted January 14, 2022 Alcohol powered. 1 Link to comment Share on other sites More sharing options...
TKRIV Posted January 15, 2022 Share Posted January 15, 2022 It does not surprise me that there are Riv's selling near or well over $100K Exceptional restorations (John DiFrancesco's Bambo Cream) or unrestored gems (Steve Ledger's Verde Green) are worth every dollar someone is willing to pay. Everyone knows the time and money needed for a top Resto. Everyone knows how rare low mileage, unmolested originals are. Hope John & Steve don't mind posting photo of their magnificent Rivs. Just Beautiful Cars. Tom K 3 Link to comment Share on other sites More sharing options...
65VerdeGS Posted January 15, 2022 Share Posted January 15, 2022 That same '65 Gran Sport was sold on Bring a Trailer in October for $121k. The buyer flipped it at Mecum for a tidy profit of almost $30k. Nice return on his money for only holding the car for 3 months! If this is indicative of the market for these cars then it looks like the speculators are crowding into what was formerly the preserve of the hobbyist car collector. Link to comment Share on other sites More sharing options...
Jim Cannon Posted January 15, 2022 Share Posted January 15, 2022 1 hour ago, 65VerdeGS said: That same '65 Gran Sport was sold on Bring a Trailer in October for $121k. The buyer flipped it at Mecum for a tidy profit of almost $30k. Nice return on his money for only holding the car for 3 months! If this is indicative of the market for these cars then it looks like the speculators are crowding into what was formerly the preserve of the hobbyist car collector. Are you sure that these are the same car? The upholstery appears to be different colors to me. And one engine is painted, while the other is still original factor paint. Other small differences between them. Link to comment Share on other sites More sharing options...
60FlatTop Posted January 15, 2022 Share Posted January 15, 2022 12 hours ago, 65VerdeGS said: The buyer flipped it at Mecum for a tidy profit of almost $30k. Nice return on his money for only holding the car for 3 months! Reminds me of a lecture from the accountant. I own a non-automotive C corp and my wife does the bookkeeping. The accountant asked about a debit and a credit of equal amounts 90 days apart.My wife looked at me and blurted out "That's the Jaguar money". Believe me, handling money in a legitimate, tax paying transaction the "tidy profit" is shared with bigger powers. And you could get a lecture on using your company as a slush fund. Link to comment Share on other sites More sharing options...
Paul K. Posted January 16, 2022 Share Posted January 16, 2022 On 1/14/2022 at 7:34 PM, Jim Cannon said: Are you sure that these are the same car? The upholstery appears to be different colors to me. And one engine is painted, while the other is still original factor paint. Other small differences between them. I agree Jim, not the same car. 1 Link to comment Share on other sites More sharing options...
bc65riv Posted January 16, 2022 Share Posted January 16, 2022 max balchowsky's 65 sold for $65k a few momths ago on BAT and just resold for $91 at Mecum Link to comment Share on other sites More sharing options...
Pat Curran Posted January 16, 2022 Share Posted January 16, 2022 5 hours ago, bc65riv said: max balchowsky's 65 sold for $65k a few momths ago on BAT and just resold for $91 at Mecum It bid to $65,500 on BaT but didn’t meet reserve/sell. Looks like the seller made a wise choice with Mecum. 1 Link to comment Share on other sites More sharing options...
Seafoam65 Posted January 16, 2022 Share Posted January 16, 2022 It puzzles me why someone would go to an auction and get fleeced when they could just buy the car for half price a couple of months before the auction. If I was in the market for a 65 GS Riviera an auction is absolutely the last place I would look for one. 4 Link to comment Share on other sites More sharing options...
J3Studio Posted January 17, 2022 Share Posted January 17, 2022 Many prices across all represented market sectors were exceptionally high at Mecum Kissimmee 2022. It will be interesting to see if this holds as we head into the auction year. Link to comment Share on other sites More sharing options...
65VerdeGS Posted January 18, 2022 Share Posted January 18, 2022 On 1/14/2022 at 7:34 PM, Jim Cannon said: Are you sure that these are the same car? The upholstery appears to be different colors to me. And one engine is painted, while the other is still original factor paint. Other small differences between them. Hi Jim - you're right, they were different cars. Both are black, curiously, and wearing red-line tires. But, looking closer, they are not the same car. Thanks for pointing this out. Alex Link to comment Share on other sites More sharing options...
rocky5517 Posted January 18, 2022 Share Posted January 18, 2022 The seller made $30,000 on the deal BUT figure in his commission ( 10% if reserve, 5% if no reserve) plus the cost of listing the car and yes, you pay more depending on which day the car is shown. Plus I'm pretty sure, the State gets a cut for sales tax. Need confirmation. Another thing- that car was repainted, in the original color. I was surprised at what it brought. 1 Link to comment Share on other sites More sharing options...
vaughn3031 Posted January 18, 2022 Share Posted January 18, 2022 i was shocked when i saw this, almost fell off my chair haha Link to comment Share on other sites More sharing options...
Seafoam65 Posted January 19, 2022 Share Posted January 19, 2022 (edited) I've been thinking about the crazy prices at auctions vs. the reality of the regular marketplace and it dawned on me what is going on.........extremely wealthy people go to the auctions to buy their cars because they like to get out there and show off to others how much coin they have.......the cost of the car is irrelevant to them because they have millions of dollars in their bank account, but they can only really show off their wealth in an auction environment and they get off on outbidding all of their fellow rich competitors for the car in question. Kind of like two roosters showing off in front of the hens. All it takes for crazy prices to ensue is too filthy rich guys who are interested in buying the same car.....the actual selling price is irrelevant to them as long as they come out on top of the other roosters in the barn. Edited January 19, 2022 by Seafoam65 (see edit history) 3 Link to comment Share on other sites More sharing options...
EmTee Posted January 20, 2022 Share Posted January 20, 2022 That ^^^^ was my thought also. Probably explains why the same cars cycle through the auctions every couple of years. Link to comment Share on other sites More sharing options...
kegart Posted January 20, 2022 Share Posted January 20, 2022 What ever the reason for the high prices, hopefully the value of all our Rivieras will benefit a little. Kevin Link to comment Share on other sites More sharing options...
RivNut Posted January 20, 2022 Share Posted January 20, 2022 Depends on whether you’re a seller or a buyer. 😎 Link to comment Share on other sites More sharing options...
cjp69 Posted January 20, 2022 Share Posted January 20, 2022 On 1/17/2022 at 8:32 PM, rocky5517 said: The seller made $30,000 on the deal BUT figure in his commission ( 10% if reserve, 5% if no reserve) plus the cost of listing the car and yes, you pay more depending on which day the car is shown. Plus I'm pretty sure, the State gets a cut for sales tax. Need confirmation. Another thing- that car was repainted, in the original color. I was surprised at what it brought. Seller likely made more than that. This car was for sale in August of 2021 for $75k obo. Link to comment Share on other sites More sharing options...
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