I got April's edition of Hemming's today and man was I surprised. At the Barrett Jackson Scottsdale auction, a run of the mill, 1925 Touring car, #2-condition, with wood wheels and no extras I could see or were spelled out, sold for $14,300. And it had mis-matched, worn tires to boot.
The big surprise was that the average selling price for this vehicle was listed at $17,500! I guess big name auction houses view vehicles differently then I do. I guess I need to raise my agreed to insurance coverage price of my 25 touring up $8,000 more. I need to be paying more attention.
Sorry, I don't know how to copy the photo out of the Hemming book to post here! I was just posting as an amazed observer.
And Ken, how do you do those emoticon thingies??
Tom...I look at those high prices as a good thing! Hopefully it'll mean an upswing in values finally. I have a gorgeous '15,as close to Grade 1 as it gets, very correct, that according to Old Car Reports Guide should be worth $32K, have it listed for $29.9K but only have a couple of bites. Not as big a crowd looking for museum quality for one thing.
Hemming's is the place for inflated prices followed by 'well known" auctions. Not arguing mind you just saying. While you'll see them sell on occasion it's not the way to buy a T for a guy like me whose looking for a decent driver at a reasonable price. I have to look the car over, make a few checks (not usually allowed in auctions) and a drive if possible. An auction is almost like buying a car sight unseen because I can't do my thing and that's a no-go.
pic of that car would be a waste of time,just my opinion!!!!!!!!!!! charley
Here's a link to the auction listing:
Here is the picture from that link, brighten up a bit.
It's no '25...the touring is a 1923. Low radiator, no radiator apron, low cowl.
Nice paint, that is what sells cars
nobody at the dmv knew what year it was, even the owner, and the auctioneers, and most likely the new owner doesnt know he bought a 23. nice kink in the fender the painter forgot too.
Prices in Hemmings range from very reasonable to very crazy. Some people think Grandpa's flivver is junk, and some think it's a rare treasure, and some are deluded enough to think they can get back what they put into their car.
(Message edited by steve_jelf_parkerfield_ks on March 05, 2015)
Anybody notice that the car has been touched up a bit with airbrush? That front inside shine is too hard a line to be real, no matter how much armorall you used on it. Also the outside rear wheel looks funny too. My guess is the picture was waaay over exposed and they tried to compensate with contrast, and then had to fix the compensation with airbrush, notice you see no details at all on the rear outside tire or the front inside tire, yet you can see them on the inside rear tire and front outside tire?
I don't necessarily see an upswing in prices as a positive thing. I guess for the guy who has 10-12 T's and is looking at selling off some of them, it is a good thing. But for the guy who only has one or two and would like to have more, it is not.
I agree with Hal. If you intend to live in your house until you croak, increasing "value" does nothing but raise your taxes. If you're shopping for a car, increasing prices are a negative. If you leave it for your estate sale, you won't care what it's worth.