The Ford Barn

barry · 03-02-2013, 08:09 PM

Did anyone see in the April edition of Hemmings in which the 29 Hudson dual cowl phaeton sold at Scottsdale for 93,500 on page 50. Turn to page 187 and in the center there is the same 29 Hudson Dual cowl Phaeton for sale for $139,900. That would be a quick profit of $46,400. Capitalism is not dead.

Royal Ryser · 03-03-2013, 05:44 PM

Nor is greed!

rotorwrench · 03-03-2013, 06:15 PM

It may or may not sell at that price. It's certainly too rich for my blood.

Lanny · 03-03-2013, 06:20 PM

and don't forget, he had buyers fee's and probably transporting costs, and other
expences in buying that car, and if he can sell it for more, then more power to him.

some people make money in the stock market, why not make some on cars, if you can

.

Vic Piano · 03-03-2013, 06:38 PM

Just like beauty, the value, is in the eye of the beholder. Resale profit is not always the primary motivating factor for a buyer. However, I do see the same vehicles over and over again at various auctions…

34pickup · 03-03-2013, 06:54 PM

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Quote:

Originally Posted by Royal Ryser

Nor is greed!

You need to look up the definition of greed:
"Excessive desire for wealth or possessions."
If someone pays the price, it isn't greed, its smart business. If not for profit, no one would have anything.

KansasV8 · 03-03-2013, 07:12 PM

Quote:

Originally Posted by 34pickup

You need to look up the definition of greed:
"Excessive desire for wealth or possessions."
If someone pays the price, it isn't greed, its smart business. If not for profit, no one would have anything.

I agree. This thread heading should have been titled "envy" or "jealousy" I was trying to buy a 33 Ford pickup that is priced at $5,000 more than it brought at a sale in Florida this past winter. It is up to the owner as to what he wants to ask for something. It's up to me as a buyer to either pay his price or walk on. I certainly ain't going to say "but you only paid X a few months ago".

paul2748 · 03-03-2013, 08:56 PM

Asking price is not always selling price. How many of you have paid less than the seller was asking?

Shadetree · 03-03-2013, 10:13 PM

Few people on this forum hasn't turned a profit on an old car deal. I could have made a big profit on one car without moving it from where I found it. I turned it down~Two fools met...

FHFD · 03-04-2013, 08:47 AM

More power to him.
A higher purchase/investment price equates to a larger risk/reward.

rotorwrench · 03-04-2013, 09:24 AM

I don't know about anyone else on this forum because we come from all different walks but the average Joe usually gets in the hobby to fix something up for the enjoyment of that and driving the old flivers around. Most will never be in a possition to be a serious collector where money is no object. I'm just thankful that many serious collectors still shy away from the average old Ford because it doesn't have the braggiing rights that a Packard or even a Duesenberg has. At least us po folks can still afford a Ford a V8 now and then.

brien · 03-04-2013, 09:59 AM

Perhaps the fellow who bought this car is merely in the business of buying and selling? Who would deny him a profit? Afterall, our economy is not a Totalitarian Communist one, yet.

Perhaps the guy sees inflation coming, big time, as I believe, and is investing in hedges against Bernacke turning up the printing presses on high speed. How else is this government going to deal with 16 trillion in debt, and piling more on every year? Smart investors are hedging against inflation today, because by the time it comes, it will already be too late.

Meanwhile if he realizes the price he is asking, he has attained his goal early and can reinvest again. I say best of luck to him...

Tim Ayers · 03-04-2013, 12:48 PM

Quote:

Originally Posted by FHFD

More power to him.
A higher purchase/investment price equates to a larger risk/reward.

Absolutely. Not sure why making a profit on stuff is so frowned upon around here.

The market will dictate how much profit or, loss, a seller will have or stand to lose.

Mike51Merc · 03-04-2013, 01:35 PM

Buy low, sell high.
Nothing wrong with it if you can make it happen.

roundvalley · 03-04-2013, 02:20 PM

It is not as large of flip as you think after Uncle Sam enters the picture!

mike in tucson · 03-04-2013, 04:36 PM

Buy low, sell high? DANG, I had it backwards all these years!

03-02-2013, 08:09 PM	#1
barry Senior Member Join Date: May 2010 Posts: 146	$46,000 profit in Hemmings for quick flip Did anyone see in the April edition of Hemmings in which the 29 Hudson dual cowl phaeton sold at Scottsdale for 93,500 on page 50. Turn to page 187 and in the center there is the same 29 Hudson Dual cowl Phaeton for sale for $139,900. That would be a quick profit of $46,400. Capitalism is not dead.

03-03-2013, 05:44 PM	#2
Royal Ryser Senior Member Join Date: May 2010 Location: Colorado Posts: 553	Re: $46,000 profit in Hemmings for quick flip Nor is greed!

03-03-2013, 06:15 PM	#3
rotorwrench Senior Member Join Date: Jun 2010 Location: San Antonio, Texas Posts: 16,436	Re: $46,000 profit in Hemmings for quick flip It may or may not sell at that price. It's certainly too rich for my blood.

03-03-2013, 06:20 PM	#4
Lanny Senior Member Join Date: May 2010 Location: Mn Posts: 2,411	Re: $46,000 profit in Hemmings for quick flip and don't forget, he had buyers fee's and probably transporting costs, and other expences in buying that car, and if he can sell it for more, then more power to him. some people make money in the stock market, why not make some on cars, if you can . __________________ If mama ain't happy, ain't nobody happy. But if daddy ain't happy...RUN

03-03-2013, 06:38 PM	#5
Vic Piano Senior Member Join Date: May 2010 Location: Odessa, FL Posts: 7,611	Re: $46,000 profit in Hemmings for quick flip Just like beauty, the value, is in the eye of the beholder. Resale profit is not always the primary motivating factor for a buyer. However, I do see the same vehicles over and over again at various auctions… __________________ Imagination is more important than knowledge.

03-03-2013, 08:56 PM	#8
paul2748 Senior Member Join Date: May 2010 Location: Midland Park, NJ Posts: 3,982	Re: $46,000 profit in Hemmings for quick flip Asking price is not always selling price. How many of you have paid less than the seller was asking?

03-03-2013, 10:13 PM	#9
Shadetree Senior Member Join Date: May 2010 Location: Cottageville, WV Posts: 1,535	Re: $46,000 profit in Hemmings for quick flip Few people on this forum hasn't turned a profit on an old car deal. I could have made a big profit on one car without moving it from where I found it. I turned it down~Two fools met... __________________ Son, you will never blow an engine up in high gear.

03-04-2013, 08:47 AM	#10
FHFD Senior Member Join Date: Dec 2010 Location: Grays Harbor County, Wa Posts: 223	Re: $46,000 profit in Hemmings for quick flip More power to him. A higher purchase/investment price equates to a larger risk/reward. __________________ "Get your facts first..then you can distort them as you please"

03-04-2013, 09:24 AM	#11
rotorwrench Senior Member Join Date: Jun 2010 Location: San Antonio, Texas Posts: 16,436	Re: $46,000 profit in Hemmings for quick flip I don't know about anyone else on this forum because we come from all different walks but the average Joe usually gets in the hobby to fix something up for the enjoyment of that and driving the old flivers around. Most will never be in a possition to be a serious collector where money is no object. I'm just thankful that many serious collectors still shy away from the average old Ford because it doesn't have the braggiing rights that a Packard or even a Duesenberg has. At least us po folks can still afford a Ford a V8 now and then.

03-04-2013, 09:59 AM	#12
brien Member Join Date: Feb 2013 Location: Brooklyn CT Posts: 98	Re: $46,000 profit in Hemmings for quick flip Perhaps the fellow who bought this car is merely in the business of buying and selling? Who would deny him a profit? Afterall, our economy is not a Totalitarian Communist one, yet. Perhaps the guy sees inflation coming, big time, as I believe, and is investing in hedges against Bernacke turning up the printing presses on high speed. How else is this government going to deal with 16 trillion in debt, and piling more on every year? Smart investors are hedging against inflation today, because by the time it comes, it will already be too late. Meanwhile if he realizes the price he is asking, he has attained his goal early and can reinvest again. I say best of luck to him...

03-04-2013, 01:35 PM	#14
Mike51Merc Senior Member Join Date: May 2010 Location: Northeast Pennsylvania Posts: 1,582	Re: $46,000 profit in Hemmings for quick flip Buy low, sell high. Nothing wrong with it if you can make it happen.

03-04-2013, 02:20 PM	#15
roundvalley Senior Member Join Date: May 2010 Location: Idaho Posts: 150	Re: $46,000 profit in Hemmings for quick flip It is not as large of flip as you think after Uncle Sam enters the picture!

03-04-2013, 04:36 PM	#16
mike in tucson Senior Member Join Date: Dec 2010 Location: Tucson, AZ Posts: 177	Re: $46,000 profit in Hemmings for quick flip Buy low, sell high? DANG, I had it backwards all these years!