| [GMCnet] What is it Worth at the Low End. [message #285173] |
Sun, 16 August 2015 22:30  |
glwgmc
Messages: 1014
Registered: June 2004
Karma:
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Senior Member |
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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
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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>
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Jerry & Sharon Work
78 Royale
Kerby, OR
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