1970 gs 455 numbers matching motor trans , restored to concourse

Discussion in 'Cars for sale' started by wallypep, Mar 6, 2022.

  1. Herman Gross

    Herman Gross Well-Known Member

    I guess they were a little off from their $70-$90 thousand dollar estimate! :)
    446379H likes this.
  2. wovenweb

    wovenweb Platinum Level Contributor

    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?
    Dano likes this.
  3. wovenweb

    wovenweb Platinum Level Contributor

    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.
    Dano likes this.
  4. wovenweb

    wovenweb Platinum Level Contributor

    Herman Gross and Dano like this.
  5. Mr Big

    Mr Big Silver Level contributor

    Sure is an eye catcher...just beautiful!
    rolliew likes this.
  6. buick455V8

    buick455V8 Well-Known Member

  7. wovenweb

    wovenweb Platinum Level Contributor

    Just sold for a hammer price of $77k.
    stump puller455 and Herman Gross like this.
  8. 446379H

    446379H Well-Known Member

    So they made $21,000 dollars flipping it ‍♀️
  9. Dano

    Dano Platinum Level Contributor

    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.
    BYoung and wovenweb like this.
  10. wovenweb

    wovenweb Platinum Level Contributor

    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.

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

    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.
    Dano likes this.
  11. wovenweb

    wovenweb Platinum Level Contributor

    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
    446379H and Stage 2 iron like this.
  12. Stage 2 iron

    Stage 2 iron 474 IRON HEAD STAGE 2

    And a bench seat to boot.
    Dano and wovenweb like this.
  13. Stage 2 iron

    Stage 2 iron 474 IRON HEAD STAGE 2

    Total with fees 86,900.
  14. 446379H

    446379H Well-Known Member

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

    Dano Platinum Level Contributor

    Prob. a record price for a Non-GSX std. 455.
    Stage 2 iron, wallypep and Smartin like this.

    SHERWOODSTAGE1 Well-Known Member

    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 !!!
    Dano likes this.
  17. eagleguy

    eagleguy 1971 Skylark Custom

    Hey I had a green interior! LOL

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