Jimmy P
May 2nd, 07, 11:52 AM
I'd like to see if we could use this forum for posting on what's going on at swap meets and auctions this year. I was at Pate for 5 days this last weekend and saw a lot. This is one of the largest in the country and one of the first ones of the year. I met folks from South Dakota, Pennsylvania, California, North Carolina, Minnesota and Tennesee........ACES 1 was there too! I try and keep up with the market, what's the latest and greatest, what's selling and for how much. This is the place where I can talk to a lot of dealers, buyers and sellers and get brought up to speed on things.
I sold my 68 El Camino there. I took a week's vacation to detail it out and fix every little thing. A guy bought it at 11:00 PM in the pitch dark with nothing but a Bic lighter to look at it. Loaded it on a trailer and drove off with his young daughter and a 4 month old baby in a 77 flat-bed Ford PU at midnight. Pate is crazy! I'm happy I sold it, but it PISSED ME OFF! I wasted my time! Watch out...there's one crazy dude out there.......loaded with Ben Franklins!
If you were there, give us your take on your experience at Pate.
So here goes - what I observed:
Every year, there's some gadget or fad that ends up selling like crazy. 2005 - Two years ago it was the Orange County Chopper/Scwinn bicycles. I bought one for $100 and sold it $300 in < 5 minutes!
2006 -Last year, it was something simple - water. The vendors were all charging $2 for a bottle of water. The official rules of the meet prohibit sales of any food or drink by anyone without a permit. The people had enough and rebelled with about 40% of privateers selling water for $.50 to $1 No hassles from the authorities either.
2007- never would have guessed it when I saw them. Visors with fake spiked gray hair on the top. Yep! Everyone had to have one. The lady who brought 200 of them sold out in a day at $10 a piece. She was scrambling to get 300 more there on Friday. people were re-selling for $25! C r A z Y!
(2) 67 138 cars with non matching #'s that were pretty nice and could be had for 20K - Encouraging. Priced well, affordable and are market strong.
(2) Early El Caminos priced @ 30K. New territory for Elkys. The 67 was once owned by Chuck Nixon, one of our own. VERY nice #'s matching car. Don't know if it sold, but there was A LOT of interest in it. A lot!
(3) Pricing on classic cars continues to rise, although selling prices were further from the asking price as far as I know.
(4) There are ALWAYS deals on cars! You have to have $ in hand and be there before it's off-loaded. Saw a RARE 66 Pontiac 2+2 421 tri power, 4 speed, #'s matching car go QUICK! Needed a full resto, but a nice start.
(5) The effects of B-J are with us. It's hard looking at a 69 Camaro that's wavy all over, fresh acrylic enamal, 350/350 drum brakes, 10 bolt and nothing special and the owner has it priced at 25K. One guy told him, "You're supposed to do the body work BEFORE you paint it!
(6) Cars rapidly increasing in value:
>EARLY SIXTIES GM CARS
>77 - 80 TRANS AMS & Z-28'S IN GREAT CONDITION
>NICE 55 & 57 Chevys (they have been down in value the past few years)
>58-59 ANYTHING
>MOPARS ARE SELLING LIKE HAMBUGERS at any and all prices. 5 years ago, nobody was selling them.
>BUICK TURBOS
>82 - 83 X-28's - indy pace cars, H.O.'s >>>>ONLY VERY NICE EXAMPLES<<<<<
>Good project cars under 2K
(7) Cars that are losing value:
>Corvettes, 73 - up
>Anything painted PASTEL
(8) What's NOT selling:
>Small Hondas CT-70's, XR-75's & 70's Schwinn bicycles. OCC bicycles
>Junk
>$7 sandwiches & $5 Lemonade
>used late model parts
>Stuff you think will sell right away!
(9) WHAT'S SELLING WELL:
> Repop parts - ALL the vendors were extremely busy. Especially muscle car stuff. Not so much the antique and early Hot Rod stuff.
>$1 bottles of water
>Tools
>Auto body/ paint supplies (I spent a bunch, but saved up to 60%!!!!!)
>Stuff you think nobody will buy
>Anything with a free beer (we advertised and did well this way. Had fun too!)
(10) MISC.
If you want a good deal, get there when everybody is un-loading, have cash and a good wagon. Walk fast and pay attention!
You CAN bargain with vendors.
More cars are bought on their trailer coming in than during the next two days.
When a large cash infusion hits the car corral, there's a domino effect. Most privateers want to come home in a new ride with Franklins stuffed in their pockets. Dealers don't want to haul those cars back home. Saturday afternoons and evenings are business time. Everyone has seen everything available and are ready to hit on something.
Sunday afternoons can be a great time to cut a deal. If you see something overpriced, you may be able to snatch it late in the day.
I sold my 68 El Camino there. I took a week's vacation to detail it out and fix every little thing. A guy bought it at 11:00 PM in the pitch dark with nothing but a Bic lighter to look at it. Loaded it on a trailer and drove off with his young daughter and a 4 month old baby in a 77 flat-bed Ford PU at midnight. Pate is crazy! I'm happy I sold it, but it PISSED ME OFF! I wasted my time! Watch out...there's one crazy dude out there.......loaded with Ben Franklins!
If you were there, give us your take on your experience at Pate.
So here goes - what I observed:
Every year, there's some gadget or fad that ends up selling like crazy. 2005 - Two years ago it was the Orange County Chopper/Scwinn bicycles. I bought one for $100 and sold it $300 in < 5 minutes!
2006 -Last year, it was something simple - water. The vendors were all charging $2 for a bottle of water. The official rules of the meet prohibit sales of any food or drink by anyone without a permit. The people had enough and rebelled with about 40% of privateers selling water for $.50 to $1 No hassles from the authorities either.
2007- never would have guessed it when I saw them. Visors with fake spiked gray hair on the top. Yep! Everyone had to have one. The lady who brought 200 of them sold out in a day at $10 a piece. She was scrambling to get 300 more there on Friday. people were re-selling for $25! C r A z Y!
(2) 67 138 cars with non matching #'s that were pretty nice and could be had for 20K - Encouraging. Priced well, affordable and are market strong.
(2) Early El Caminos priced @ 30K. New territory for Elkys. The 67 was once owned by Chuck Nixon, one of our own. VERY nice #'s matching car. Don't know if it sold, but there was A LOT of interest in it. A lot!
(3) Pricing on classic cars continues to rise, although selling prices were further from the asking price as far as I know.
(4) There are ALWAYS deals on cars! You have to have $ in hand and be there before it's off-loaded. Saw a RARE 66 Pontiac 2+2 421 tri power, 4 speed, #'s matching car go QUICK! Needed a full resto, but a nice start.
(5) The effects of B-J are with us. It's hard looking at a 69 Camaro that's wavy all over, fresh acrylic enamal, 350/350 drum brakes, 10 bolt and nothing special and the owner has it priced at 25K. One guy told him, "You're supposed to do the body work BEFORE you paint it!
(6) Cars rapidly increasing in value:
>EARLY SIXTIES GM CARS
>77 - 80 TRANS AMS & Z-28'S IN GREAT CONDITION
>NICE 55 & 57 Chevys (they have been down in value the past few years)
>58-59 ANYTHING
>MOPARS ARE SELLING LIKE HAMBUGERS at any and all prices. 5 years ago, nobody was selling them.
>BUICK TURBOS
>82 - 83 X-28's - indy pace cars, H.O.'s >>>>ONLY VERY NICE EXAMPLES<<<<<
>Good project cars under 2K
(7) Cars that are losing value:
>Corvettes, 73 - up
>Anything painted PASTEL
(8) What's NOT selling:
>Small Hondas CT-70's, XR-75's & 70's Schwinn bicycles. OCC bicycles
>Junk
>$7 sandwiches & $5 Lemonade
>used late model parts
>Stuff you think will sell right away!
(9) WHAT'S SELLING WELL:
> Repop parts - ALL the vendors were extremely busy. Especially muscle car stuff. Not so much the antique and early Hot Rod stuff.
>$1 bottles of water
>Tools
>Auto body/ paint supplies (I spent a bunch, but saved up to 60%!!!!!)
>Stuff you think nobody will buy
>Anything with a free beer (we advertised and did well this way. Had fun too!)
(10) MISC.
If you want a good deal, get there when everybody is un-loading, have cash and a good wagon. Walk fast and pay attention!
You CAN bargain with vendors.
More cars are bought on their trailer coming in than during the next two days.
When a large cash infusion hits the car corral, there's a domino effect. Most privateers want to come home in a new ride with Franklins stuffed in their pockets. Dealers don't want to haul those cars back home. Saturday afternoons and evenings are business time. Everyone has seen everything available and are ready to hit on something.
Sunday afternoons can be a great time to cut a deal. If you see something overpriced, you may be able to snatch it late in the day.