[shawn e.]

Ding Ding Ding...…..We have a winner! https://medford.craigslist.org/cto/d...732430330.html

[1965gp]

That’s no lie... we have a few trends in Houston:

-Candy and Chrome
-Swanga’s
-And unfortunately grand sport hash stripes on anything with four wheels. The worst is the new dodge chargers with them

[bird72]

Re: current "striping" seen on newer cars here. Hash deals, yes. But I saw one a week ago that I never have. Now I can dig retro over the top racing stripe. You know, not centered, but offset over the driver side. This one was over the passenger side. It messed my brain a bit.

[1965gp]

https://houston.craigslist.org/cto/d...751000912.html

[Poncho60]

That 37 coupe would be cool with a OHC 6 Pontiac in it (IMO).

[1965gp]

Please don’t feed the addiction

[Simple Man]

good looking car!

[Simple Man]

https://eastky.craigslist.org/cto/d/...751740982.html
S10

[Fullsize455]

Originally Posted by Simple Man

https://eastky.craigslist.org/cto/d/...751740982.html
S10

Yikes.. so much time, effort and money, so utterly wasted. What a shame.

[Greg Reid]

Originally Posted by Fullsize455

Yikes.. so much time, effort and money, so utterly wasted. What a shame.

I was just thinking the same thing. Someone put a lot of time, money and skill into that but what a poor aesthetic design! U-G-L-Y!

[1965gp]

Ewwwww my eyes!

[GTOnly70]

Another mess of an overpriced 68 GTO Conv project..

https://dallas.craigslist.org/ndf/ct...752248739.html

[Fullsize455]

A few gems from my neck of the woods today:

Another ridiculously overpriced basket case project, but hey its a "big block"!
https://sacramento.craigslist.org/ct...746713973.html

Another "big block"
https://sacramento.craigslist.org/ct...746787517.html

The very rare "Lamanz"
https://reno.craigslist.org/cto/d/19...748553970.html

Hilariously overpriced Tempest with a damn Chevy motor
https://reno.craigslist.org/cto/d/19...738005567.html

Er, um.. 4x4 anyone?
https://reno.craigslist.org/cto/d/19...751460268.html

"Turn key driver" with a stupid price
https://reno.craigslist.org/cto/d/19...730519314.html

Overpriced "KITT" replica made from the wrong year..
https://reno.craigslist.org/cto/d/ki...727918458.html

REDUCED!! To complete shambles..
https://reno.craigslist.org/cto/d/re...712616112.html


And finally.. a modestly priced, yet potentially decent looking Trans Am project? It's not all ridiculous idiots and dreamers up here, apparently!
https://reno.craigslist.org/cto/d/19...752280513.html

[dataway]

I'd buy that TA tomorrow if it was close by.

Anyway ... as ridiculous as these prices are ... I actually bet these people are selling them at close to those prices. Bear in mind there is a huge idiot market out that is probably larger than the market populated by educated Pontiac buyers.

In general, if no one ever pays these prices, then even idiots would not be asking these prices. I bet they are often getting 75% of their asking price. Lots of uninformed rich people that will buy these cars, drop them off at a shop and say call me when it's done. And will probably drop $40K because they think that's what it will worth when they are done.

I know when it comes to the motorcycle market ... when 90% of the bikes you are looking at are $3000 over priced ... well, that's the NEW price because people are buying them.

Never underestimate what a guy that makes $300K a year and wants the car he drove in high school is willing to spend.

[GTOnly70]

Originally Posted by dataway

I'd buy that TA tomorrow if it was close by.

Anyway ... as ridiculous as these prices are ... I actually bet these people are selling them at close to those prices. Bear in mind there is a huge idiot market out that is probably larger than the market populated by educated Pontiac buyers.

In general, if no one ever pays these prices, then even idiots would not be asking these prices. I bet they are often getting 75% of their asking price. Lots of uninformed rich people that will buy these cars, drop them off at a shop and say call me when it's done. And will probably drop $40K because they think that's what it will worth when they are done.

I know when it comes to the motorcycle market ... when 90% of the bikes you are looking at are $3000 over priced ... well, that's the NEW price because people are buying them.

Never underestimate what a guy that makes $300K a year and wants the car he drove in high school is willing to spend.

Disagree. Any idiot can put a pie-in-the-sky price on a car - doesn't mean it's selling. There is lots of overpriced crap on this board in the Cars for Sale section. For months and months this junk gets "bumped to the top" by a seller who is desperately clinging to the "Greater Fool" theory. Precious few cars actually sell. The same is true for other venues, especially Craigslist.

And the big money guys are more interested in buying nice cars to start with, not dicking around with junk projects.

[dhcarguy]

Originally Posted by GTOnly70

Disagree. Any idiot can put a pie-in-the-sky price on a car - doesn't mean it's selling. There is lots of overpriced crap on this board in the Cars for Sale section. For months and months this junk gets "bumped to the top" by a seller who is desperately clinging to the "Greater Fool" theory. Precious few cars actually sell. The same is true for other venues, especially Craigslist.

And the big money guys are more interested in buying nice cars to start with, not dicking around with junk projects.

Agree...agree

[bird72]

OK, I can look at used car / truck trader rags and $10,000 transportation vehicles are a mixed bag of half worn outs, or funky stuff present, or just garbage, with decent vehicles mixed in, but most with a bunch of miles. So why do some hobbyists expect to find $10K or less, vintage vehicles, far rarer than the ones I described above, with shiny new engines, paint and nothing wrong? Oh and no incorrect parts

[Fullsize455]

Originally Posted by bird72

OK, I can look at used car / truck trader rags and $10,000 transportation vehicles are a mixed bag of half worn outs, or funky stuff present, or just garbage, with decent vehicles mixed in, but most with a bunch of miles. So why do some hobbyists expect to find $10K or less, vintage vehicles, far rarer than the ones I described above, with shiny new engines, paint and nothing wrong? Oh and no incorrect parts

My assessment is based on constantly watching the market, scouring craigslist and other sites very regularly, maintaining a feel for what cars are actually selling for. It isn't hard to figure out, when something gets posted over and over and over again at a high price, week after week, month after month, it isn't selling at that price. Then when something comes up for a reasonable price and the ad is gone within a couple-few days, its logical to assume it probably sold closer to that asking price.

People who have more money to spend are not stupid about how they spend that money, contrary to that some folks apparently believe. Nobody who had a GTO in high school is going to way overpay for a Tempest with a big block Chevy and a goofy colored paint job.

Lets be honest here, when it comes to most of these sought after classic cars, they WILL sell quickly if the price is right. They won't if the price is too high. There are also lots to choose from, so somebody looking for their high school GTO doesn't need to buy a way overpriced goofy Tempest for a price he can find a good driver GTO for. That just doesn't happen in practice. I guarantee you I can find a decent driver '66 GTO for $35k within a short period of time.

Comparing classic car prices to modern daily drivers is pointless. Totally different cars, for totally different buyers who are not cross shopping them even slightly, so any similarities or differences in pricing are irrelevant. The market for $10k used modern daily drivers is completely different from the $10k classic car market in basically every way.

Fact is, most of the classics listed in this thread are readily available for sale somewhere if someone is looking. Regular availability in the market means anyone can research what others are selling for, which translates to a rough price cap for different types of cars. Basket case project GTOs that need $50k+ in restoration work simply don't sell for $18k when a good driver can be had for somewhere in the high $20ks - $30ks. Goofy Tempests with Chevy motors don't sell for more than nice GTOs with Pontiac motors.

The myth about older folks with money way overpaying for their high school dream cars is largely a myth, and the odd exception to it involves proper pedigree cars, not half-ass base models with all the wrong stuff.

[dataway]

I think our crowd here is a distorted view of the hobby than comes from in depth knowledge of the business. I work in a business where I meet hundreds of people a week than can't even change their oil. And many of them think old junk is worth big dollars, and many of them pay big dollars for old junk. They watch some shows on discovery channel, imagine they are going to buy a few tools and build themselves a rat rod. When these (mostly younger people) are paying $5000 for a $1500 piece of junk, it drives up the prices across the board.

For every ONE of us here, there are FIVE "civilians" that want a GTO and don't even know what it is. I'm telling you, there are some stupid people out there buying old cars. And don't tell me a 25 year old guy, making $240,000 in an internet startup is not making some stupid decisions, they are out there too.

And .... from what I can tell, there are a ton of restoration shops out there that ARE making a ton from people that just drop off junk and want it made right, and are not that concerned about price.

Just because you guys are smart, doesn't mean everyone is.

[Fullsize455]

Originally Posted by dataway

I think our crowd here is a distorted view of the hobby than comes from in depth knowledge of the business. I work in a business where I meet hundreds of people a week than can't even change their oil. And many of them think old junk is worth big dollars, and many of them pay big dollars for old junk. They watch some shows on discovery channel, imagine they are going to buy a few tools and build themselves a rat rod. When these (mostly younger people) are paying $5000 for a $1500 piece of junk, it drives up the prices across the board.

For every ONE of us here, there are FIVE "civilians" that want a GTO and don't even know what it is. I'm telling you, there are some stupid people out there buying old cars. And don't tell me a 25 year old guy, making $240,000 in an internet startup is not making some stupid decisions, they are out there too.

And .... from what I can tell, there are a ton of restoration shops out there that ARE making a ton from people that just drop off junk and want it made right, and are not that concerned about price.

Just because you guys are smart, doesn't mean everyone is.

I've been aggressively involved in this hobby for the better part of 20 years, and I very rarely come across the people you describe when it comes to buying cars. Now, I come across people allllll the time that dump way too much money into their cars once they have them, but that's different than how people approach buying the car in the first place.

I hear people talk about these folks who drastically overpay for cars all the time, yet I just don't meet them in practice. And I basically never meet them when selling either, be it cars or parts or tools or anything else. When I price something right, it sells quick. When I get greedy and ask even a little bit extra(say 25%), it is often a struggle until I bring it down closer to reality. This has been true for everything I have ever sold, from cars to parts to tools to high end camera equipment, antiques, etc etc.. These mythical wealthy folks who spend foolishly just aren't out there in my world.