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I’m surprised that the blue one looks so much cleaner, especially undercarriage, than the red one considering that the red one is priced much higher. However, I wouldn’t purchase either without inspecting it in person....to make sure that nothing lurks beneath the surface. I like blue better than red also....
The blue one is an AUCTION; the red one is for sale.
Keep an eye on the price of the blue one over the next two days, it will go up.
My guess is the blue one sells for +/- 10 % of the sale price of the red one; so $33K to $41K
I'd be a buyer of the blue one.
Tbruz
The '75 looks like a nice rig, other than the wrong color on the engine it's hard to fault. 20k would be more than top dollar in my opinion but who knows, a thing is worth what someone will pay.
The '72 is an average pickup and whoever set the price is smoking crack.
That's insane . maybe I'm not as upside down in mine as I thought.
Prices have gone up... I was trying to put a price on the one I am restoring to pretty much like the blue one that just sold and I was around 24k. The blue one is pretty clean and an xlt and all... Mines a 4x4, completely unmolested and ALL stock in the original paint code pastel lime color. Plain Jane F100, 4x4 custom~ no frills/ trim with a freshened up 360, C6, NP205, Dana44 front, ford 9" rear, A/C, PS, and as clean as the blue one. So what should I be asking now? I mean dang... I'm thinking 35k to start.
Current status:
I have a bed I am refinishing~ matching exact year, styleside custom bed and all the rest to complete it...
Kind of blown away at the pricing lately. I also have my next project lined up... a 1972 F250 highboy with a 390, manual trans 4x4. Wonder how much that would bring restored? I am going to do it...
I think you will get the highest price in an auction. You can set the reserve at a $ amount that you are willing to let it go for - all else is gravy. It exposes you to a global market of buyers (including us here in CA where everything seems to cost more! lol). While I am nothing remotely close to an expert on trucks, I do know markets inside and out, and did a lot of research on pricing before this auction. I probably overpaid by a bit, and I am ok with that as I have no plan to sell this treasure. The guy I was bidding against was down in Australia. So his all in cost would have been another ~$10k or so from his high bid of $40k once you account for special taxes, regulations, and shipping! Big market out there right now. Definitely go for it!!
Eatyourfish
Congrats on your buy. I concur its at the high end of todays market value for that truck but its the attention to detail in that particular restoration that drives the high valuation.
Its also true that using BAT takes out the "regional" value expectations/ limits and exposes the vehicle to the broadest(and wealthiest) possible market- but remember you pay for that both as the seller and as the buyer.
If you don't mind my asking- what was the buyers premium on the $41K spend?
Flecker
Respectfully and with no intent to offend, I recognize you are far from complete and from listing/pricing your truck; but keep an eye on the details- bolt heads that don't appear rusty, hood to fender alignments, paint scuffs.
BAT type buyers see those minor detail misses and wonder what else(that I cant see) is not 100% perfect and adjust their bids accordingly.
Details are the difference between a $24K sell and a $40K sell.
tbruz
Prices have gone up but I wouldn't count on it lasting. like real estate and the stock market I think we're in a bubble. these pickups are far far from rare and they're easy to restore I just don't see much more room for appreciation for a long time.
But it cost 30-40k to do a nice restoration so it's not out of line. just unexpected.
That said I might buy and poke a few more in the barn.
Something else to consider and to add into the valuation equation:
We have all(Millennials more so than baby boomers) become addicted to "instant gratification" - meaning I want it NOW!!
The inflation Bubble is definitely at play- everywhere and or everything.
Its 100% accurate that a nice restoration costs 30- 40K.
The next line should be that it also takes 12- 24 months.
Ready to drive/enjoy right now at $40K is worth more to some folks than ready to drive in 24 months at $40K
Tbruz
Very good point. and if you were to hire someone to do a high end restoration it would be a lot more than 30-40k. I was just thinking the cost of the pickup, parts and paint job.
I suppose if you have multiple finished classics it's a much different thing than someone who doesn't and is just sitting on the bench . I'd be impatient too.
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