Your buddy inherited the car and so has little money in it directly. It's not like he has to make a profit or something. If he can get $200K on Bring a Trailer, is it worth all this hassle to maybe get another $20K from this buyer?
I've only paid attention to a small portion of the collector car market, so brokers wanting undisclosed guaranties agreed upon pre-sale for survivor pre-war classics is a foreign concept to me.I think you know the answer to that question. These cars in "real" shape sort of disappeared by the late 50's to 60's. Then resurrected as
needed in the 70's with the first bout of stagflation. That brought collectibles to the forefront for the first time....big money was in play. And thsoe collectibles out-performed stocks from 1966-1982. Collectible cars did well from 1971-1990 and again from 1996-2008. And again from 2013-2022 though I don't think the vintage classic cars as a rule have approached their 2006-2008 highs again.....other than ones that are super high in demand or were just left out in those earlier run ups.
Have they contacted Legendary Motorcars in Ontario? I know they deal with a lot of high end cars are the Klutts seem like nice people.
Your buddy inherited the car and so has little money in it directly. It's not like he has to make a profit or something. If he can get $200K on Bring a Trailer, is it worth all this hassle to maybe get another $20K from this buyer?
Which is why I suggested BaT and eliminate this nonsense but get a little less. I'm guessing if your buddy mentions this plan, the buyer will drop all those terms and conditions.I can think of dozens of things that could be asked of him. And he won't agree to some of these things.
Which is why I suggested BaT and eliminate this nonsense but get a little less. I'm guessing if your buddy mentions this plan, the buyer will drop all those terms and conditions.
I would assume a "safe room"......More details on said "unique" room?
I'm thinking Packard, Talbot-lago, or a Duesenberg.This was the 2nd of 2 special cars that was inherited by my friend's family. The first one was also pretty unique too as a long term survivor and
and nearly 100% original. It didn't meet reserve on EBay. It eventually sold for over $50K. This other car is much more unique with only about 50 originally made and at most half still surviving......almost none of them both original/well documented. This might one of only 2-3 still in existence like this. It's one of the most desirable cars of the 20's to 40's. Very high end build of that period. Only the rich could afford them new.
He's made no great efforts to sell the car other take hundreds of photos. The current offer by this 3rd party is one he is willing to accept....as long as the details make sense. But......the issue is "what are the details" in any "contract" still yet to be seen. These 2 have spent 10-20 hours on the phone numerous times over the past month or more....and many EMails. The current "buyer" has hundreds of photos of the car. In a way the car is now 'known' to insiders I'm sure.....but this guy found out about it through the grapevine. Others must know too. But I guess that's "secret" enough for most of them. Quite a feather in someone's cap to bring this to the hobby/market. Fully document it. Increase your reptation as a "deliverer" of the good stuff. Write a book. Become "the expert" on them.
I could say that my friend's car off the road since the early 60's would be as significant as a 60 yr old barn find Auburn Boat Tail Speedster in decent, no rust, unrestored original condition.....and documented to the hilt. Though they made many more Auburns. And production of my friend's car was a fraction of the Auburn BTS.
Hopefully if this all goes down in the near future I can post some photos and details here. But who in their right mind expects the other party to agree to terms and conditions on a "verbal agreement" to buy when they can't even see them? The potential buyer is a well known national figure in the vintage car circle who does this stuff for a living. I'm sure they bring the best cars to their clients.....and give them the confidence a car is legit and priced right.
Probably don’t want to knowMore details on said "unique" room?