ramair Posted June 3 Share Posted June 3 1 hour ago, Matt Harwood said: Sold for $85,500! Holy crap! The repaint just paid for itself. Matt, I can’t believe whoever bought this car the first time had an issue with the color after he got it home, I mean most of us had to look away from the monitor so our eyes could adjust when we would check on the auction. My theory is that the buyer found a running or driving issue with the car. You and I both have experience with a uncooperative Twelve’s and if the cost of a complete paint would scare a potential buyer away from this car, just think how fast they would run with a engine that maybe has a little tap noise? Of course I could be wrong and perhaps the first BAT owner may have had a family emergency and needed to sell, 1 Link to comment Share on other sites More sharing options...
edinmass Posted June 3 Share Posted June 3 122k to 85k...........typical car's return on investment. 1 9 Link to comment Share on other sites More sharing options...
Matt Harwood Posted June 3 Share Posted June 3 2 hours ago, ramair said: Matt, I can’t believe whoever bought this car the first time had an issue with the color after he got it home, I mean most of us had to look away from the monitor so our eyes could adjust when we would check on the auction. My theory is that the buyer found a running or driving issue with the car. You and I both have experience with a uncooperative Twelve’s and if the cost of a complete paint would scare a potential buyer away from this car, just think how fast they would run with a engine that maybe has a little tap noise? Of course I could be wrong and perhaps the first BAT owner may have had a family emergency and needed to sell, Well, the seller claimed he was selling it to make room for something else that was showing up later this month. However, you can buy a LOT of storage for the $40,000 haircut he just took. I don't know why he would give it away like that unless there was something else afoot. The MIA oil pressure, which he claimed was just the gauge, may have been a factor. A hurt engine would explain a lot, but on BaT, not disclosing something like that is a great way to get burned at the stake. On the other hand, maybe he's a one-and-done seller and who cares? You may be on to something... Link to comment Share on other sites More sharing options...
alsancle Posted June 3 Share Posted June 3 4 hours ago, Matt Harwood said: Sold for $85,500! Holy crap! The repaint just paid for itself. Cheap. Assuming the deal goes through. 1 Link to comment Share on other sites More sharing options...
Tparts Posted June 3 Share Posted June 3 https://cars.bonhams.com/auction/27295/lot/11/1934-packard-1107-twelve-club-sedancar-no-736-52/ It did not sell. Link to comment Share on other sites More sharing options...
Gearheadengineer Posted June 4 Share Posted June 4 1 hour ago, Tparts said: https://cars.bonhams.com/auction/27295/lot/11/1934-packard-1107-twelve-club-sedancar-no-736-52/ It did not sell. That looks like it’s from an older auction? Link to comment Share on other sites More sharing options...
cjmarzoli Posted June 4 Share Posted June 4 Previous buyer/owner took a bath on it I guess. He *really* must not have liked the car! Or Orange paint. Link to comment Share on other sites More sharing options...
ak Posted June 4 Share Posted June 4 Probably the best or one of the best cars ever made in America, certainly one of the very best cars one could have in 1934. 2 Link to comment Share on other sites More sharing options...
edinmass Posted June 4 Share Posted June 4 While I know nothing about the car except one should not look at it without sun glasses, on another site it was said the car needs a bunch of work, was done on the cheap, and another half dozen issues…………… 2 Link to comment Share on other sites More sharing options...
West Peterson Posted June 4 Share Posted June 4 There were mechanical issues according to John Lauter, who knows the car and owner who had it restored many moons ago. Basically, its engine was done by a "gas station" type mechanic, just good enough to make it run back in the day. New owner is looking at a $75k overhaul, plus a $100k paint job. My brother just recently sold a much more desirable 40,000-mile 1935 Packard Twelve convertible victoria in ready to tour condition for $165k, so you can see how the terribly done sedan is a terrible investment. 3 Link to comment Share on other sites More sharing options...
alsancle Posted June 4 Share Posted June 4 30 minutes ago, West Peterson said: There were mechanical issues according to John Lauter, who knows the car and owner who had it restored many moons ago. Basically, its engine was done by a "gas station" type mechanic, just good enough to make it run back in the day. New owner is looking at a $75k overhaul, plus a $100k paint job. My brother just recently sold a much more desirable 40,000-mile 1935 Packard Twelve convertible victoria in ready to tour condition for $165k, so you can see how the terribly done sedan is a terrible investment. Nice car! Have I already given you a hard time about the wheels? I forget. Although I'm living in a glass house while throwing stones. 5 Link to comment Share on other sites More sharing options...
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