1970 gs 455 numbers matching motor trans , restored to concourse

I guess they were a little off from their $70-$90 thousand dollar estimate!

 

I think you did well to get the money you did out of it. The friend may be a bit mad at the moment.

Not sure where Mecum got a 70-90k number for the car, they usually don't put estimates on cars unless maybe part of a collection being sold?

 

Based on what I'm seeing with this Mecum auction, prices may not be going up like we saw for much of the last year. Excellent cars will still get very good prices, but over the last year or so I saw some marginal cars go for much more than I would have expected. I think we will see less of that for a while.

 

Now listed for sale at Mecum Dallas in September.

https://www.mecum.com/lots/DA0922-522086/1970-buick-gs/

 

Sure is an eye catcher...just beautiful!

 

FYI. Now here.

https://www.motortrend.com/features/1970-buick-skylark-gs455-mecum-auctions-dallas/

 

Just sold for a hammer price of $77k.

 

So they made $21,000 dollars flipping it ‍♀️

 

Gross profit, yes. Less sellers fees, transportation (wasn't it a no-sale prior?), time, interest, marketing, etc. Not sure they netted a lot but not a bad payday. Car got a lot of press attention of late.

 

Not likely, they have to pay a 10% seller's commission and had to pay a $1k entry fee*, plus they would have had to have moved the car as it was in Indy this spring before showing up in Dallas.

$77,000
- 7,700 Seller's commission
- 1,000 Entry Fee
= $68,300 before shipping and other costs.
-50,000 listed price here

$18,300
This doesn't include any Indy related expenses.
Don't get me wrong, still a profitable venture.

*Reserve was lifted so in theory this what they would have paid, but I believe the fees can be discounted at auctions discretion.

 

Yes, really makes me wonder who the second buyer was that was able to get the press coverage for this car. No disrespect intended to the OP or Buicks, but this is a one of 8+k '70 GS 455 coupes* produced that year.

*Base GS455s + Stage 1s

 

And a bench seat to boot.

 

Total with fees 86,900.

 

Hammer was 79K . May have negotiated a lower commission .

 

Prob. a record price for a Non-GSX std. 455.

 

I am usually one of those that believes a classic musclecar car should be left as born original color for return / resale value , but I guess this sale proves otherwise . For the record , I love green cars and would prefer the original green !!!

 

Hey I had a green interior! LOL