Home » Public Forums » GMCnet » [GMCnet] What is it Worth at the Low End.
| [GMCnet] What is it Worth at the Low End. [message #285173] |
Sun, 16 August 2015 22:30  |
glwgmc
Messages: 1014
Registered: June 2004
Karma: 10
|
Senior Member |
|
|
I have a bit of a different POV from my friend, Rob (which you were coming with us on the river cruise!), and likely from many of you. Markets like Craigslist, eBay, Pinerest,
Epsy, etc. are only useful for things where the object is known by the name and model number so the only unknown for the buyer is condition. For things where aesthetic and condition are everything they become bottom feeders markets so the “prices” reported are of little value in determining worth.
I design and hand craft fine furniture in rural southern Oregon so people all the time think I must sell on the internet. I don’t. Oh, sure, occasionally some one sees a picture and may inquire, but the most common new customer went to a cocktail party at someones house in San Diego, or LA or Vancouver, BC, last night and saw one of my pieces. They contact me because of the perceived value they saw in that piece and want something different/similar, etc. They would never buy from an eBay or Craigslist posting, but seeing a piece and hearing from the owner the buying experience, they feel comfortable proceeding with a several thousand dollar purchase without ever meeting me or seeing the piece they want.
I think the same thing is true for the best of the GMCs. They never show up on the internet. They sell because someone in the GMC community knows the coach and the owners and when they hear someone is looking steer them to that coach - the same way the very best of the restored vehicles are sold. When you watch a really nice restoration cross the “auction” block on one of the well known car auction sites, you can be sure the buyer has already been in contact with the owner and the auction house to determine authenticity , condition and therefore perceived value.
So, I think the “market” for GMCs as determined by places like Craigslist and eBay only represent the very low end of the market and do not include the best of the GMCs at all. My take, anyway.
Jerry
Jerry Work
The Dovetail Joint
Fine furniture designed and hand crafted in the 1907 former Masonic Temple building in historic Kerby, OR
glwork@mac.com
http://jerrywork.com
========
Message: 16
Date: Mon, 17 Aug 2015 11:32:00 +1000
From: "Robert Mueller"
To:
Subject: Re: [GMCnet] What is it Worth at the Low End.
Message-ID:
Content-Type: text/plain; charset="us-ascii"
Bob,
What I am about to write is probably going to raise the hackles of a lot of people that frequent this forum.
I think that restoring an GMC is a labor of love and it is difficult to make any money on a restoration. When you're finished with
the restoration and have THOUSANDS of $$ in it and HUNDREDS of man hours and price it to recover what you've spent plus a few bucks
the problem will be finding someone that recognizes what you have done and is willing to pay you for your time and what you have
invested. I believe the tendency will be to go for the $5,000 GMC.
I am of the opinion that the GMC will NEVER become a collector's vehicle ala the muscle cars of the 1960's. The reason being it's a
vehicle designed to TRAVEL in. ,snip>
============
_______________________________________________
GMCnet mailing list
Unsubscribe or Change List Options:
http://list.gmcnet.org/mailman/listinfo/gmclist_list.gmcnet.org
Jerry & Sharon Work
78 Royale
Kerby, OR
|
|
|
|
| Re: [GMCnet] What is it Worth at the Low End. [message #285199 is a reply to message #285173] |
Mon, 17 August 2015 09:20  |
 |
Matt Colie
Messages: 8547
Registered: March 2007
Location: S.E. Michigan
Karma: 7
|
Senior Member |
|
|
glwgmc wrote on Sun, 16 August 2015 23:30I have a bit of a different POV from my friend, Rob (which you were coming with us on the river cruise!), and likely from many of you. Markets like Craigslist, eBay, Pinerest, Epsy, etc. are only useful for things where the object is known by the name and model number so the only unknown for the buyer is condition. For things where aesthetic and condition are everything they become bottom feeders markets so the "prices" reported are of little value in determining worth.
<snip>
So, I think the "market" for GMCs as determined by places like Craigslist and eBay only represent the very low end of the market and do not include the best of the GMCs at all. My take, anyway.
Jerry
Jerry,
I do largely agree with your assessment, but a few years ago on Ebay, a beautiful custom 23 went for over 40K$.
By and large, those markets do represent the low value coaches.
Fortunately, younger and high energy buyers see this as a entry point to a valuable item. "All it needs is tires and a few (about a thousand) hours work."
We have seen coaches on open markets on the owner's group sites go for more realistic values.
Matt
Matt & Mary Colie - Chaumière -'73 Glacier 23 - Members GMCMI, GMCGL, GMCES
Electronically Controlled Quiet Engine Cooling Fan with OE Rear Drum Brakes with Applied Control Arms
SE Michigan - Near DTW - Twixt A2 and Detroit
|
|
|
|
| Re: [GMCnet] What is it Worth at the Low End. [message #285204 is a reply to message #285199] |
Mon, 17 August 2015 09:55 |
Jim at the Co-op
Messages: 291
Registered: May 2014
Location: Orlando Florida
Karma: 2
|
Senior Member |
|
|
Jerry, a great analogy! Your furnitureis has a value put on it by your
customers and it's far more than the cost of the collected parts. It's
about more than the cost of the wood. Whatever you spend to buy a coach
will be the smaller check you will write to get it up to speed,
comfortable, reliable, maintainable and impressive to you and your
friends. If you look to buy a coach and invest $15,000, buy one for
$10,000 and expect to spend another $3-5,000 right away. If you don't will
will end up disenchanted and disappointed.
Jim Bounds
On Mon, Aug 17, 2015 at 10:20 AM, Matt Colie wrote:
> glwgmc wrote on Sun, 16 August 2015 23:30
>> I have a bit of a different POV from my friend, Rob (which you were
> coming with us on the river cruise!), and likely from many of you. Markets
>> like Craigslist, eBay, Pinerest, Epsy, etc. are only useful for things
> where the object is known by the name and model number so the only unknown
>> for the buyer is condition. For things where aesthetic and condition
> are everything they become bottom feeders markets so the "prices" reported
> are
>> of little value in determining worth.
>>
>> So, I think the "market" for GMCs as determined by places like
> Craigslist and eBay only represent the very low end of the market and do not
>> include the best of the GMCs at all. My take, anyway.
>>
>> Jerry
>
> Jerry,
>
> I do largely agree with your assessment, but a few years ago on Ebay, a
> beautiful custom 23 went for over 40K$.
> By and large, those markets do represent the low value coaches.
> Fortunately, younger and high energy buyers see this as a entry point to a
> valuable item. "All it needs is tires and a few (about a thousand) hours
> work."
>
> We have seen coaches on open markets on the owner's group sites go for
> more realistic values.
>
> Matt
> --
> Matt & Mary Colie - Members GMCMI, GMCES
> '73 Glacier 23 - Still Loving OE Rear Drum Brake with Applied Control Arms
> SE Michigan - Twixt A2 and Detroit
>
> _______________________________________________
> GMCnet mailing list
> Unsubscribe or Change List Options:
> http://list.gmcnet.org/mailman/listinfo/gmclist_list.gmcnet.org
>
_______________________________________________
GMCnet mailing list
Unsubscribe or Change List Options:
http://list.gmcnet.org/mailman/listinfo/gmclist_list.gmcnet.org
|
|
|
|
Goto Forum:
Current Time: Tue Oct 01 06:22:15 CDT 2024
Total time taken to generate the page: 0.02768 seconds
|
GMCforum
Search
Help
Register
Login
Home
