8 monts ago I started all the research on all 4 of the 1953 Cadillac LeMans cars, Im building #1 it starts next week with the chassis, my Question to you is: If I build this car and its 98.5 percent dead on like the orignal what will my Recreation be worth?
Thanks for your help, Jack Rods plummoparcrazy@yahoo
Whatever someone is willing to pay.
BJ
And you might get more if the cameras are rolling at the time it runs through the auction block.
Quote from: Jack Frank on April 25, 2007, 03:50:24 PM
8 monts ago I started all the research on all 4 of the 1953 Cadillac LeMans cars, Im building #1 it starts next week with the chassis, my Question to you is: If I build this car and its 98.5 percent dead on like the orignal what will my Recreation be worth?
Thanks for your help, Jack Rods plummoparcrazy@yahoo
Jack:
You're trying to recreate a "one of a kind" rare show car. Even if you are successful, I doubt
that people are going to be willing to pay what you'll consider a fair return. These cars require
a certain "provenance" -- that is to say they require documentation that traces to an original.
This car will have none, therefore making it very tough to recoupe the $300K+ you'll have to invest
for a condition 1 car. I would not attempt such a project. If you do, BOL, Just MHO, Mike
Don't know where you came up with 300K, but I doing the car anyway and just wanted to tell you all I just got my 54 coup here at my shop now, so now for the tare down...... I will post in the for sale section all the trim, dash, glass and alot of parts I don't need........ Jack
plummoparcrazy@yahoo.com
Build it because you WANT to. Not for resale. That is the wrong reason.
Quote from: DavidinHartford on June 11, 2007, 07:48:20 PM
Build it because you WANT to. Not for resale. That is the wrong reason.
Folks:
I fully agree that a restoration should be done because you want it -- not for a potential
profit. However, since the owner here wants to know "what it will be worth" -- I must
inject some caution. The type of "restoration" we're talking about here will cost
well into 6 figures, even if he does most of the work himself. He's looking for a profit,
and based on my experience (even if you value you labor at "zero") that profit will
evaporate. Just my opinion, having been there, done that. Miike