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Thread: We are definitely in a buyer's market....

  1. #1
    Join Date
    Jul 2009
    Location
    Chicago, Illinois
    Posts
    1,281

    Default We are definitely in a buyer's market....

    The collector car market is now a buyer's market. My observation is that at auctions cars are getting bid up only as high as dealers take them. Occasionally some billionaire Texan will go crazy to get a car, but the market for the last 6 months for Sellers has been dreadfull. If you're a buyer now is your time. Here's a picture of a car that went for $20 K at Mecum Schaumburg, IL. The car needs some work, especially the interior...but it's a good driver right now as is... and for ONLY $20K. -237436919804554938.jpg
    Shelly

    C56C2292
    '56 Continental Mark II

  2. #2
    Join Date
    Oct 2011
    Location
    Yellow Springs, OH
    Posts
    2,690

    Default

    I agree. $20, 350 out the door. And 1466 sold at Auburn Fall 2019 for under $11,000. Those cars were a steal. Also many Mark II 's are for sale on eBay. There seem to be many cars available at reasonable prices; simply supply and demand. John
    John Snoddy

  3. #3
    Join Date
    Sep 2018
    Location
    Lake Zurich, Illinois
    Posts
    451

    Default

    I was there and looked it over and it does need a complete new interior but it sure was a bargin at $20K. The buyer from Las Vegas knows nothing about these so I went over the car wiith him.

    To fix this car up corectly would take $50 or $60,000 which will put his investment right about where I think the prices are now for nice examples.

    Lots of things always need fixed such nas windows not working etc also and this car had the window switches wired wrong.

    I was surpriced that the fuel indicator light worked.

    Hopefully a lot of the Mark II's that are selling cheap these days will get fixed up properly and the prices will get up where they deserve to be.
    Jack Bowser
    C56B2198
    Past Ownership 1991, 3206, and 1763
    2006 Ford GT
    2006 Cadillac XLR-V
    427 Cobra
    2012 Mercedes SLS AMG Roadster
    1924 Dodge Brothers Rat Rod
    Lots of Bowser gas Pumps

  4. #4
    Join Date
    Oct 2011
    Location
    Yellow Springs, OH
    Posts
    2,690

    Default

    Jack:
    What was the VIN of the Chicago Mark?
    Please advise. Thanks. John

    Mecum Chicago 2019
    1957 Mark II with A/C
    Gray lucite 22 exterior

    https://www.mecum.com/lots/CH1019-38...tinental-mkii/
    Last edited by jdsnoddy; 10-28-2019 at 06:19 PM.
    John Snoddy

  5. #5
    Join Date
    Sep 2018
    Location
    Lake Zurich, Illinois
    Posts
    451

    Default

    I tried to read the vin number but it was a bit dark and room didn't allow me to open the door wide enough to see it.

    I have the new owner's phone number so I will get it for you.
    Jack Bowser
    C56B2198
    Past Ownership 1991, 3206, and 1763
    2006 Ford GT
    2006 Cadillac XLR-V
    427 Cobra
    2012 Mercedes SLS AMG Roadster
    1924 Dodge Brothers Rat Rod
    Lots of Bowser gas Pumps

  6. #6
    Join Date
    Jul 2009
    Location
    Illinois
    Posts
    218

    Default

    If it's any consolation, #1 condition concours examples have climbed roughly 75% higher over last 3 years. But yes, the driver quality vehicles have taken a beating, especially 1950s cars in general.
    Dave Harris

    1964 Pontiac GTO
    2013 Ford Shelby GT500

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