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Author Topic: 1966 GT350H 6S1874 in Mecum Auction  (Read 1045 times)
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SFM6S087
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« on: June 14, 2017, 11:38:14 AM »

No personal involvement. Just something I spotted.

https://www.mecum.com/lots/PA0817-295174/1966-shelby-gt350-h-fastback/?utm_source=AAInfoNet+Master&utm_campaign=bb7e84a653-EMAIL_CAMPAIGN_PA17_Waterford&utm_medium=email&utm_term=0_fa410e9114-bb7e84a653-112105793

Steve

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silverton_ford
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« Reply #1 on: October 04, 2017, 09:06:17 AM »

Sold today for $120k.

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Thank you,  Brian

My Cars:
1966 Mustang FB C-code
1969 Fairlane Cobra FB 428CJ - 4spd
6S1640
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« Reply #2 on: October 04, 2017, 05:04:05 PM »

Hagarty shows a condition 2 (Fine) at $178K, Very good (3) at $139K and Good (4) at $111K.  This car looks nicer than a condition 4 car and maybe a (3) or better.  I'd say the buyer got a nice deal.  Is the market softening?

Cory

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shelby73
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« Reply #3 on: October 04, 2017, 05:24:54 PM »

Where are you seeing it's better than a 3 condition?

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J_Speegle
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« Reply #4 on: October 04, 2017, 06:26:12 PM »

IMHO hard to put just about any car into one if these made up categories when you see it in person. From a far based on a couple of pictures and what a sales ad says getting it correct would be only a guess.  Just my experience. Only found the categories useful years ago when selling cars and if someone needed convincing but never used them for purchasing or guessing what a car was really worth on the market   Chug a Lug

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Jeff Speegle
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« Reply #5 on: October 04, 2017, 10:28:52 PM »

IMHO hard to put just about any car into one if these made up categories when you see it in person. From a far based on a couple of pictures and what a sales ad says getting it correct would be only a guess.  Just my experience. Only found the categories useful years ago when selling cars and if someone needed convincing but never used them for purchasing or guessing what a car was really worth on the market   Chug a Lug

Hi Jeff,  I do agree with you.  Trying to put a car exactly into a category is difficult, but an approximation can be made.  Based on the price alone and the Hagerty Value Guide, this car would be a condition 3.67.  See graph below.  But based on the images provided, it would appear the car is much closer to a 3 or better, making the purchase price of $120K a decent buy in today's auction market.    Now, if closer inspection showed this car is actually closer to a Hagerty condition 4, the buyer paid too much.  But based on the information provided, it looks like an okay buy, maybe $20K to $25K under auction market pricing.

Cory

#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is "excellent."

#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. "Good" is the one word description of a #3 vehicle.

#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. "Fair" is the one word that describes a #4 vehicle.



* 1966GT350GHagertyValueGuide100517.jpg (41.29 KB, 744x495 - viewed 74 times.)

* OctoberAuction1966GT350H100517.jpg (62.66 KB, 800x434 - viewed 54 times.)
« Last Edit: October 04, 2017, 10:49:58 PM by 6S1640 » Logged
NC TRACKRAT
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« Reply #6 on: October 07, 2017, 05:32:28 PM »

IMHO, just looking at the condition of the engine compartment and the array of incorrect items gives me pause to think the price was probably at or above what it's worth, especially if the $120K doesn't include the buyer's premium. The mention in the description of a Holley carb tells me that the elusive and expensive C6F AUTOLITE is missing. Hopefully the C4 is the correct C-Code.  What else lurks? Looking at the stance, the control arms have been lowered which is fine for a driver but a deduction for a concours. 

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SFM6S1467
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