1948 Buick Hot Rod Street Rod Classic Antique Hearse

This car was listed in our local newspaper 2 weeks ago. Seller stated that it was appraised at $48,000 but was selling for $25,000. Hope this helps.
 
to me what would help is if the seller would start the auction at the lowers price they would take for the car and let it go up from there.

knowing he would take 25 for the car is of no help unless two of us are bidding on the car and the other man is willing to go that high. if it's a reserve auction I pass. I'm not wasting my time on something that most of the time doesn't make the reserve. because there is only one bidder willing to go that high
 
I understand your thinking Ed, but there are issues in starting a vehicle at your bottom dollar. First, you get NO activity until the very end of the listing, unless your bottom dollar is very low. Secondly, prospective buyers get nervous and are less apt to bid, even at the end, if there hasn't been any activity prior to then. The problem with this car is probably the seller's choice of colors, more than anything. Great car.......... butt ugly color combo!
 
This is/was an Ohio hotrod for many years. I've seen it in person many times, I can say it is very dependable as I've seen it all over Ohio at different events. I don't care for it at all really, between the color combo and being a Flxible
 
Kurt Arends said:
I understand your thinking Ed, but there are issues in starting a vehicle at your bottom dollar. First, you get NO activity until the very end of the listing, unless your bottom dollar is very low. Secondly, prospective buyers get nervous and are less apt to bid, even at the end, if there hasn't been any activity prior to then. The problem with this car is probably the seller's choice of colors, more than anything. Great car.......... butt ugly color combo!
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that is of course on way to look at it. me I would rather know up front if the man has realistic expectations. I therefore don't bid or watch reserve auctions. you don't buy a car out of someone's front yard that gives you the answer to the what you want for it question by responding toss out a number I'll see if you get it. after all the online is not a live auction were in 10 minutes you will know if you get it or not. to hang in there for 6 days with you max bid over the reserve and no one else bidding is wasting everyones time. yes I have been there done that and I'll not get trapped there again. thats the way this one ended up I see.
 
Even though it didn't make reserve, I hope they took the money and ran with it. Seems more than fair for what it is.

Not saying it isn't a nice car, but everything about it screams "this was popular 20 years ago in custom cars". Tweed everywhere, teal pinstripes separating a metal flake color and cream, Camaro subframe, AutoMeter gauges all tell me every receipt that comes with this car is dated 1995. It doesn't appeal to everyone, but it probably used to appeal to a lot of people back in its heyday.

"Appraised value", is a term that gets thrown around a lot, and is often misunderstood. Probably the only way ths car would appraise at $48K is on replacement value, which means if it were flattened by a falling building, that's how much money it would take to get the owner a car that was as close as possible to its pre-disaster condition. It really doesn't have much bearing on what an item should sell for. I recently took my Grandmothers antique lamp into a shop to find out what it was worth, and I was given an insurance value of $1500-$1800. The next thing the lady told me was that if I tried to sell it at an antique mall, I would be lucky to get $200 for it. Supply and Demand is everything, with the emphasis on demand. Tastes and styles change over time, and with something as personal as a hot rod, you really have to be ok with the money you are putting into something for yourself, because chances are if you are not selling it right away while the trends are hot, the market is going to soften quickly. Plus, the more original parts and finish you take away, the less it is going to appeal to someone looking for an original.
 
that is the hot rodders dilemma. there is always something new over the hill and it hits before you finish your current project. one can get this one and repaint it but not for the money asked and from the stories it's got a number of miles on it since it was done. most likely getting tired in a number of ways.
 
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