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Announcements => Events & Event Pictures => Topic started by: dsags on May 17, 2017, 06:22:10 PM

Title: Mecum Indy Auction
Post by: dsags on May 17, 2017, 06:22:10 PM
Am at the Mecum Indy auction where a 1965 GS convertible just went across the block. Unfortunately we still aren't getting any respect. The car is a red, black interior, black top car with lots of documentation and matching numbers. The sale price was $27,000 plus a 10% buyers fee. There is also a 10% sellers fee. In talking with the seller he mentioned that they had the car taken to the show in an enclosed transport for $750 plus there is usually a fee paid to Mecum for the auction spot of about $500. So that means the seller probably netted only $23,000. On the other hand the buyer paid $29,700.

Dan
Title: Re: Mecum Indy Auction
Post by: GS66 on May 17, 2017, 06:39:28 PM
Further reasoning to keep our cars and drive them!😀 Thanks for the update Dan!
Title: Re: Mecum Indy Auction
Post by: cwmcobra on May 17, 2017, 07:22:57 PM
Tough love for sure....

Chuck
Title: Re: Mecum Indy Auction
Post by: Rollaround on May 17, 2017, 08:34:00 PM
I keep telling myself. I like these cars, I like these cars, It's not an investment, it's not... 

Nice car, yep another red one.

https://www.mecum.com/lots/SC0517-291197/1965-buick-skylark-gs-convertible/ (https://www.mecum.com/lots/SC0517-291197/1965-buick-skylark-gs-convertible/)
Title: Not lack of respect - but interest. (Re: Mecum Indy Auction)
Post by: elagache on May 17, 2017, 09:45:08 PM
Dear Dan, Jim, Chuck, Kevin, and mid-60s Buick lovers . . . .  :love4:

Am at the Mecum Indy auction where a 1965 GS convertible just went across the block. Unfortunately we still aren't getting any respect.

I'm sure it hurts when a top notch restoration doesn't fetch the dollars that another comparatively restored car is able to command, but I think that's missing the point.  The economics of classic cars is as simple as supply and demand.  It doesn't matter how well a car is restored, there have to be enough competing buyers to drive the price up.  If 1965 Buick GS were more in demand, the price surely would increase.  It is that interest that is missing, not the restoration quality.

The key to increasing the value of these cars is evangelism about the 1965 Buick Gran Sport and other Buicks.  As much as the traditional muscle and pony cars still command a hefty price - they are old news.  If you want our cars to become valued, you need to make the trendy.  It won't happen overnight, but driving and enjoying these cars is infectious.  TV opportunities like the Wheelz coup with All Girls Garage gets these cars out in the public spotlight.

So nobody should feel bad about what a GS is getting at action.  It isn't a reflection on the cars themselves.  In a way, it is up to us to decide what we want.  Do we want the values to rise or do we want to keep these cars our own little secret!  :laughing7:

Cheers, Edouard  :occasion14:
Title: Re: Not lack of respect - but interest. (Re: Mecum Indy Auction)
Post by: Nailhead on May 18, 2017, 05:31:07 AM
Do we want the values to rise or do we want to keep these cars our own little secret!

My vote is keep the secret!
Title: Re: Mecum Indy Auction
Post by: mdkd on May 18, 2017, 06:30:20 AM
All

E=MC square

Elixir equals My Car to the second power

How else can I travel through time to my youth by simply sliding behind the wheel and driving

Milton

Title: Re: Mecum Indy Auction
Post by: Randy Jones on May 18, 2017, 09:07:37 AM
I am with "Nailhead", keep the secret...  Only invest in something you love, you won't be disappointed.

These cars are much better than many in this class and are relatively affordable.

I personally do not what to be pushed out the the classic car scene because I have to spend big bucks for a project car that would be better off crushed.

Thanks ,Randy
Title: Re: Mecum Indy Auction
Post by: 35chevcoupe on May 18, 2017, 09:46:08 AM
Dan ,   So can you give us a hint on which ones you are buying  :icon_biggrin:
Title: Why let them know what they are missin' !! (Re: Mecum Indy Auction)
Post by: elagache on May 18, 2017, 10:57:37 AM
Dear Nailhead, Milton, Randy, John, and mid-60s Buick keepers of the secret, . . .

Do we want the values to rise or do we want to keep these cars our own little secret!

My vote is keep the secret!


Ditto!
  :icon_thumright:

(http://www.canebas.org/WeatherCat/Forum_support_documents/Custom_emoticons/wink_smile_triangle.gif). . . No reason for those Chebby guys to find out what they are missin'! . . . (http://www.canebas.org/WeatherCat/Forum_support_documents/Custom_emoticons/big_grin_triangle.gif)

Cheers, Edouard  :occasion14:
Title: Re: Why let them know what they are missin' !! (Re: Mecum Indy Auction)
Post by: Mark Ascher on May 18, 2017, 04:11:08 PM

([url]http://www.canebas.org/WeatherCat/Forum_support_documents/Custom_emoticons/wink_smile_triangle.gif[/url]). . . No reason for those Chebby guys to find out what they are missin'! . . . ([url]http://www.canebas.org/WeatherCat/Forum_support_documents/Custom_emoticons/big_grin_triangle.gif[/url])

Cheers, Edouard  :occasion14:



Some of us are "Chebby" guys too...

 :laughing7:

Mark
Title: Re: Mecum Indy Auction
Post by: dsags on May 18, 2017, 04:17:49 PM
Dan ,   So can you give us a hint on which ones you are buying  :icon_biggrin:

NOT buying John, but just because you're on a diet doesn't mean you can't look at the menu.  :drunken_smilie:

Dan
Title: Re: Mecum Indy Auction
Post by: TrunkMonkey on May 18, 2017, 06:02:04 PM
Buick never made a nice car, let alone a nice muscle car.

Buicks are only good for little old ladies to get groceries or and rich old dudes to drive to the country club.

No one makes any parts for old Buicks and likely, you cannot find any interest in them anywhere.


Unless, it's a secret...


Title: Re: Mecum Indy Auction
Post by: cwmcobra on May 18, 2017, 08:17:24 PM
 :thumbsup:
Title: Don't let it bug ya' . . . . (Re: . . . what they are missin' !!)
Post by: elagache on May 20, 2017, 11:18:53 AM
Dear Mark, Dan, and mid-60s Buick lovers, . . .  :love4:

I've been trying to think of a clever reply to you post and last night I remembered a phrase from a Fog Horn Leg Horn cartoon that is just perfect!  :laughing7:

Some of us are "Chebby" guys too...


(http://www.canebas.org/WeatherCat/Forum_support_documents/Custom_emoticons/wink_smile_triangle.gif) . . . . Don't let it bug ya' man!  We can't all be perfect!! . . . . .(http://www.canebas.org/WeatherCat/Forum_support_documents/Custom_emoticons/Laughing_LOL.gif)

Of course (in the voice of Fog Horn Leg Horn) . . . .

That's a joke son - gag that is!


NOT buying John, but just because you're on a diet doesn't mean you can't look at the menu.  :drunken_smilie:


(http://www.canebas.org/WeatherCat/Forum_support_documents/Custom_emoticons/wink_smile_triangle.gif) . . . Awe shucks!!  That's one awful diet! . . . (http://www.canebas.org/WeatherCat/Forum_support_documents/Custom_emoticons/big_grin_triangle.gif)

Cheers, Edouard  :occasion14: