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Whats a HT 350 worth?
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adam PERTH Offline
#21 Posted : Monday, 16 February 2009 2:41:41 AM(UTC)
adam PERTH

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just a thought, Were meaning 12 months ago, about the height of the muscle car market.

about 12 months ago, the share market:

Wesfarmers, were $45, now $15
FMG were $13, not $2.50
ANZ, were $30 odd, now $12.
Rio, were $156, went as low as $31 (now $50)
why would the muscle car market be any different????

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#22 Posted : Monday, 16 February 2009 3:02:24 AM(UTC)
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quote:
Originally posted by adam PERTH
just a thought, Were meaning 12 months ago, about the height of the muscle car market.

about 12 months ago, the share market:

Wesfarmers, were $45, now $15
FMG were $13, not $2.50
ANZ, were $30 odd, now $12.
Rio, were $156, went as low as $31 (now $50)
why would the muscle car market be any different????

WANTED:
QR 662xxx
1984 WB oyster crashpad
1x15x8 Cheviot armoulite HQ
pair of 15" Dragway centrelines suit HQ


exactly adam, the muscle cars get hit even harder, couldnt have said it any better
at the height 2yrs ago, house in leafy bayside brighton, $1.25m, people fighting over it at auction, last weekend, same house renovated and auction again, passed in $1.1m, vendor bid, and thats a house, not a rooted out old 350 HT with moth eaten log books??
i dont care what it is, where it is, its taken a dump just like everything, and you are a greater fool if you think these old ****ters are still worth big dollars
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HK1837 Offline
#23 Posted : Monday, 16 February 2009 3:18:31 AM(UTC)
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Whatever. The only fool here is you.

Adam you are correct, but Rio hit $29.xx. Guess what - I bought some. Like everything else nothing drops in value until you sell it (or try to use it as equity). Great time to buy shares, plenty of sellers. Muscle cars dont quite work that way. Yes they drop, but like very desirable property there arent as many cashed up buyers but buyers are still there looking for quality stuff. There are also not many for sale (unlike shares). Sellers do drop their prices but desirable stuff holds its value a lot better than run of the mill stuff. So in the middle of the boom a nice but not perfect GTS327 or GTS350 might have pulled $150k, today it might pull $115k. What was described by HT350 might have gone stupid on Ebay during the boom, but would now pull considerably less but still good $.

I like the wisdom I heard the other day, "during times like these wealth transfers from the nervous to the calm".

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If we all had the same (good) taste, who would buy all the Fords?
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If we all had the same (good) taste, who would buy all the Fords?
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#24 Posted : Monday, 16 February 2009 4:26:36 AM(UTC)
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quote:
Originally posted by HK1837
Whatever. The only fool here is you.

Adam you are correct, but Rio hit $29.xx. Guess what - I bought some. Like everything else nothing drops in value until you sell it (or try to use it as equity). Great time to buy shares, plenty of sellers. Muscle cars dont quite work that way. Yes they drop, but like very desirable property there arent as many cashed up buyers but buyers are still there looking for quality stuff. There are also not many for sale (unlike shares). Sellers do drop their prices but desirable stuff holds its value a lot better than run of the mill stuff. So in the middle of the boom a nice but not perfect GTS327 or GTS350 might have pulled $150k, today it might pull $115k. What was described by HT350 might have gone stupid on Ebay during the boom, but would now pull considerably less but still good $.

I like the wisdom I heard the other day, "during times like these wealth transfers from the nervous to the calm".

_______________________________________________________
If we all had the same (good) taste, who would buy all the Fords?


You got my vote bryon!!! fiscal policy at its best!! oh yeah..
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HT 350 Offline
#25 Posted : Monday, 16 February 2009 4:38:03 AM(UTC)
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Hello all , I decided to sign up as it seems like the
Anonymous posters get frowned upon ( and I can see why )

I think what I bought was good value ,Yes alot of work,
but with all the rust done and heaps of spares I will just
cruise along with it as a project regardless of what anyone
says or thinks its worth ,BTW a bloke offered me 15K at the servo
on my way home today. About time I scored a win!!
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HK1837 Offline
#26 Posted : Monday, 16 February 2009 6:13:52 AM(UTC)
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The body shell alone is worth more than what you paid. Try and buy a half decent quarter for less than $2500. Good luck to you.

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If we all had the same (good) taste, who would buy all the Fords?
_______________________________________________________
If we all had the same (good) taste, who would buy all the Fords?
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HT 350 Offline
#27 Posted : Monday, 16 February 2009 7:50:16 AM(UTC)
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Cheers Mate
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hqgts Offline
#28 Posted : Monday, 16 February 2009 11:54:31 PM(UTC)
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quote:
Originally posted by shifty350
My own opinion is that a car of this standard should fetch above the 200k mark due to condition, authentcity, race winning pedigre, and an important standing in Australian motor racing history.

These are only my opinins,

Tony


Tony,

i have scratched my head for a few days trying to work out how you have arrived at a figure of over $200,000 for a mint unmolested HT350 in todays market....

the record price paid as far as I am aware for a HT was for a Sebring Orange HT350 with 10Z interior at the Sydney Motor Show Auction.... this was in November 2007 when the muscle car boom was about at its peak.... now I agree that this car was undersold but its hard to argue with any price attained for a well marketed example of a beautifully presented 350....

at the same point excellent examples of HK327s were changing hands for up to $315,000....

in the last 6 months I doubt any have changed hands for more than $170K... a picardy red 327 which was judged in concours at the 2008 nationals was purchased not much before that for $150 - $165K.... exact figure not disclosed but I am reliably informed by N... the new owner that this is the range... the examples on the open market today include... former concours runner up at loxton, warwick yellow 327 owned by D..... on the market for $210,000 down from $285,000 and still no takers for this quality car....

I inspected a 327 in Canberra for a friend 2 weeks ago... genuine car that needs a resto but a complete registered original example... for sale for $140,000 with books... straight after canberra we looked at a silver mink 327 at Aus muscle car sales with Harry Christian... very nice original car with exceptionally good goya red interior for sale at $140,000... better overall condition than the canberra car... but no books...

and yes whilst i agree that the best cars will always command the best money.... the best money is not what it used to be.... the market will rebound eventually and the sale prices will rise again but that could be a few years away yet...

and yes the HT 350 has race pedigree, but it has never commanded the money of the 327... dont ask me why i could never understand it either...

Tony could you elaborate how you canme to your original figure of $200K plus because opinions dont mean much in the marketplace... and yes whilst i respect your opinion... i would like to know on what basis your opinion was formed.... cheers

so to the original thread starter HT350...

in my opinion (which doesnt mean much either btw) in todays market your car if restored by the right person would be worth about $150,000 (as long as its not verdoro green)... my best advice would be to join the local monaro club and get the advice of the HT nuts in the club... their advice will be invaluable

good luck

Alan

Edited by user Monday, 16 February 2009 11:58:09 PM(UTC)  | Reason: Not specified
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HT 350 Offline
#29 Posted : Tuesday, 17 February 2009 1:43:43 AM(UTC)
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As the HT has been sandblasted can anyone tell me what colour it was originally ,paint code on the tag is "11429" the old bloke did say orange, but there are 1000s of orange colours

cheers
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hqgts Offline
#30 Posted : Tuesday, 17 February 2009 1:50:10 AM(UTC)
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11429 is Sebring Orange
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#31 Posted : Tuesday, 17 February 2009 2:11:14 AM(UTC)
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HT350 is a troll, there is no such car
cheers Peter
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shifty350 Offline
#32 Posted : Tuesday, 17 February 2009 2:16:19 AM(UTC)
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quote:
Originally posted by hqgts
Tony,

i have scratched my head for a few days trying to work out how you have arrived at a figure of over $200,000 for a mint unmolested HT350 in todays market....

the record price paid as far as I am aware for a HT was for a Sebring Orange HT350 with 10Z interior at the Sydney Motor Show Auction.... this was in November 2007 when the muscle car boom was about at its peak.... now I agree that this car was undersold but its hard to argue with any price attained for a well marketed example of a beautifully presented 350....



Hi Allan,

Firstly thank you for reading and responding to my post. You have asked me to elaborate on my reasoning and I will do my best to oblige.

The benchmark as it presently stands in Australia when it comes to true worth of these cars is what an insurance company will agree to cover it for. In the case of an HT GTS 350, Shannons who conducts the auction you mention along with many others in the Eastern states, have insured my car (in todays economic climate) for 200k. They know the car very well and have inspected it each time the renewal is due. They confirm that it is a better car than the Sebring Orange example that sold for $200,000. This is real worth, irrespective of what an individual may wish to pay to own the car if it was for sale.

You have used the example of cars like the Warwick Yellow GTS 327 dropping 75k on the asking price, but still remaining over the 200k mark. It would appear that demand is at a low at the present time, but that car, as will the best of the marque will only drop below the ALREADY ESTABLISHED SALES THRESHOLD that you have ackgnowledged, if they are sold prematurely. My conclusion then cannot take into consideration personal cicumstances and reasons why owners of such cars put them up for sale.

Tony
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HT 350 Offline
#33 Posted : Tuesday, 17 February 2009 2:44:22 AM(UTC)
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quote:
Originally posted by Peter Ambleton
HT350 is a troll, there is no such car
cheers Peter


Firstly what is a troll? and secondly why is there no such car?
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#34 Posted : Tuesday, 17 February 2009 3:36:27 AM(UTC)
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quote:
Originally posted by hqgts
[quote]Originally posted by shifty350
My own opinion is that a car of this standard should fetch above the 200k mark due to condition, authentcity, race winning pedigre, and an important standing in Australian motor racing history.

These are only my opinins,

Tony



straight after canberra we looked at a silver mink 327 at Aus muscle car sales with Harry Christian... very nice original car with exceptionally good goya red interior for sale at $140,000... better overall condition than the canberra car... but no books...

Harry Christian and Mike Selby have made it hard for the normal guy to enter the market.
the website is no good for the layman, as everything is either "rare" or "limited", dont ask me where they get some of the production numbers or option details
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HT 350 Offline
#35 Posted : Tuesday, 17 February 2009 6:25:03 AM(UTC)
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quote:
Originally posted by HT 350
quote:
Originally posted by Peter Ambleton
HT350 is a troll, there is no such car
cheers Peter


Firstly what is a troll? and secondly why is there no such car?


Ohh , no answer ....... I smell jealousy !!!
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#36 Posted : Tuesday, 17 February 2009 6:54:52 AM(UTC)
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thats not jealousy, its your bum. your nose is too close to your arse. nice troll btw
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#37 Posted : Tuesday, 17 February 2009 7:07:55 AM(UTC)
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Having owned and sold more than a few Monaros and parts in my time. I can categorically say the ass has well and truly fallen out of these cars. If you bought one in the boom times more fool you. Dont get on here and say they are worth 200K. Its just not the case.

I was thinking of selling my 818 a little while ago. Put out the feelers and let me tell you the market is very (very) shallow. The bigger the asking price the smaller the pond.

If an owner of one of these cars is serious about selling, there is a big difference between the asking price and the getting price.

Insurance values mean jack, this is what the car is worth to you and you pay the appropriate premium. Just because its insured for a value does not make it worth said price. Insurance companies are out to make money. Nothing more!

I personally think a really good HKTG 818 these days is worth 100K at the very most. This would have to be a very good example.
When I say WORTH I mean what you are likely to actually get in real money. Not what some 16 year old dreamer thinks on flea bay.
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#38 Posted : Tuesday, 17 February 2009 7:29:10 AM(UTC)
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quote:
Originally posted by Phil
Having owned and sold more than a few Monaros and parts in my time. I can categorically say...


bullsh1t alarm just went haywire

what were you saying? are you fill yer pockets fil? in that case no wonder the ass dropped out for you, when you were asking 4X market value anyway

LOL
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#39 Posted : Tuesday, 17 February 2009 7:29:15 AM(UTC)
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Hey Phil.

Are you from melbourne?

If so I think bought a complete sandlewood interior out of one of your HTs that you hade in your shed.

Cheers Stephen
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HT 350 Offline
#40 Posted : Tuesday, 17 February 2009 8:28:21 AM(UTC)
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Peter Ambleton & Philyer go by the same IP address , Jekyll & Hyde case?

skitzo to say the least , good luck restoring your Datsun 120y LOL


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