The price of old cars

[pmccarthy]

I just had another look at eBay. The madness seems to be increasing. Aeroplane prices for crappy cars. 

[nomadpete]

I just shake my head in disbelief.

 

I'm seeing great prices for cars that I recall as being "very average" when they were new. I can't understand the amount of car nostalgia that warrants spending $29,000 for an old car that cost $4000 when it was new, and had brakes that faded, and a carby that starved the engine when half way around a corner. (Thinking of Holden HK and Belmont).

I don't think a demister is a luxury - after all, primary road safety has always required the driver to see the road through the windscreen! But that, along with good brakes, handling and proper seats, was not provided on many of these so called "classic" cars.

 

Classic examples of negligent design, I say.

 

[nomadpete]

Having said all that, I do have fond recollections of participating in some great sex on those horrid vinyl bench seats! That's real nostalgia. But I can't remember much about the car, though....

[ClintonB]

Check out grays online. A 1973 XA Coupe that is dead and been lying in a shed since 1988 has reached $265k plus and not finished yet. Does not turnover and dirty. Has a story about being found in a barn with chickens from a magazine called survivor car.

a lot of money in anyone’s book.

 

[onetrack]

Just unbelievable. There's no shortage of money in some sections of town. The experts predicted it would go for $100K.

 

https://www.graysonline.com/lot/0003-50006052/classic-cars/1973-ford-falcon-xa-gt-hard-top-rpo-83-manual-coupe?spr=true

 

https://www.news.com.au/technology/innovation/motoring/on-the-road/ford-falcon-xa-gt-expected-to-fetch-100000-at-auction/news-story/1671e22eb1bf079eec87099e3b6ded7b

Edited July 24, 2020 by onetrack

[nomadpete]

Gee, how much more would it bring if the economy wasn't in such bad shape ????

[old man emu]

People will pay for things that are iconic and/or rare. I just found out that a train carriage I have had since a boy is worth up to $200. It's a simple Triang HO scale carriage, but the point is that this particular colour was made for only one year and only 3400 of them were made. On the other hand, a very common one in VicRail blue was made in the tens of thousands and is worth only $10. Even the locomotive in the set might have a premium price because it has a smoke generator in the chimney where most others did not.

[ClintonB]

passed 280k now, with 7.5% premium on top. I said to my son I should throw a bid so I can say I tried, knowing my luck the other muppets would run out of money and I would be divorced and homeless.

but with a rare exotic place to sleep

Edited July 25, 2020 by ClintonB

[onetrack]

You just can't compete with the big money - $280K is just small change in their jeans pocket. I always remember the story about Kerry Packer in an American casino.

A loudmouth Texan was putting down bigger and bigger bets against Packer, on a continuous basis. Packer got really irritated and asked the Texan, "Son, what are you worth, in total?"

 

The swaggering Texan proudly bragged to Packer he was worth North of $60M. Packer said to him, "Put your whole net worth on the table, and I'll match it!"

 

The Texan slunk out of the casino, totally unaware of who Packer was, and totally unaware of the fact that Packer was worth $6B at the time.

[willedoo]

Current bid is $300,709.

[Jerry_Atrick]

Scrap metal prices on the rise?

Edited July 28, 2020 by Jerry_Atrick

[Bruce Tuncks]

If I had my time again, as well as having sex with the schoolgirls, I would have bought a Chrysler Valiant Charger and kept it pristine.

This would have been very profitable ( the car that is, the girls would have been trouble I know )

[Marty_d]

1 hour ago, Bruce Tuncks said:

If I had my time again, as well as having sex with the schoolgirls, I would have bought a Chrysler Valiant Charger and kept it pristine.

This would have been very profitable ( the car that is, the girls would have been trouble I know )

...and shares in Google, Apple, Netflix and Samsung, blocks of land in <name the now-expensive suburb>.

Gawd when I think of the early internet time I wasted chatting up housewives in America when I could have got in on the ground floor of Bitcoin.

Hindsight's a wonderful thing!

[old man emu]

If you want to dabble in the stock market, now's the time to do it. Buy shares when the price is down. It's commonsense. The rub is that you have to pick the companies whose shares are low because of a depressed market, not because the companies are going under.

[Jerry_Atrick]

I invested in some oil company shares on the day oil burst through the $0/barrel level. I am slightly up on them now. Though, once they return to pre-COVID levels, I will kiss them goodbye.

[onetrack]

Those people who bought tankers full of oil at prices near zero must be laughing now.

[willedoo]

I can't remember which oil, one of the Texas ones I think, went into negative price where they were paying people with storage to take it away. At one stage recently, storage was getting critical with most ships full and land based storage at a peak. I guess it was cheaper to pay someone to take it than to stop pumping and pay the cost of getting the wells back in production later. Also I think some brokers were caught short when oil they contracted to buy was due and there was nowhere to put it, so it was sold off cheap.

[Jerry_Atrick]

Yep - the price went down to something like -42USD/barrel (that was the day I bought shares, but at the time I hit the buy button, I thik the price had just breached zero.. I was mightily peeved when they hit -42. I think it was spot pricing rather than a futures pricing that went below zero form memory...

[willedoo]

The auction for the Falcon is over. It looks like a final price of $300,909.

[onetrack]

The mechanic in SA, who bought the sister car to the Chicken coupe (there were only two of these GT's produced in MacRobertson Orange), is laughing all the way to the bank now, after acquiring his for just $8000!

 

I bet the bloke who sold it for $8000, is spewing, as well!

 

https://www.abc.net.au/news/2020-08-06/port-lincoln-mechanic-owns-ford-gt-identical-to-chicken-coupe/12526124?WT.ac=statenews_wa