Several weeks ago we did a survey regarding the price of a Cale Yarborough Spoiler that sold at auction. (In summary, the condition 2 Dan Gurney Spoiler sold for $26,000 plus bidder premium bringing the total paid $27,820 and netting the seller $24,180.) Our hope was to see if our perception of the car’s low selling price was way off base or similar to what you die-hard Ford Aero car folks think. Although the participation in the survey was far from impressive it was significant enough to shed some light on my question. Let’s go back over the questions in the survey and compare responses.
Based on your experience do you think the buyer of this Dan Gurney Spoiler made a wise purchase
|
Yes
|
100% |
|
No
|
0.00%
|
Did the seller receive the “highest and best” price for his car?
|
Yes
|
18.18%
|
|
No
|
81.82%
|
Do you think the final price paid including fees is the correct market price for a #2 Dan Gurney Spoiler in 2017?
|
Yes
|
36.36%
|
|
No
|
63.64%
|
If you had known about this car prior to the auction and knew the seller would accept $24,000 for the car would you have purchased it?
|
Yes
|
80.00%
|
|
No
|
20.00%
|
| TOTAL |
If you owned the car and considered selling it would you accept $24,000 for it?
|
Yes
|
0.00%
|
|
No
|
100.00%
|
| TOTAL |
What is the maximum price would you pay for this car
|
Less than $20,000
|
0.00%
|
|
$20,000 up to $24,000
|
9.09%
|
|
$24,001 up to $27,500
|
9.09%
|
|
27,501 up to $32,000
|
72.73%
|
|
More than $32,000
|
9.09%
|
If this was your car what is the lowest price you would sell it for?
$25,000 18%
$27,000 9%
$30,000 27%
$35,000 27%
$40,000 18%
So it looks like the biggest percentage of you believe the car sold too cheap and you would have never sold it for $24,000 in your pocket and all of you were willing to purchase it at that price. As for the price you would take for it if it was your car, it looks like between $30,000 and $35,000 is about right.
Do you agree with the survey? If not, why didn’t you participate?
I believe the poll results are indicative of what is finally happening with the Ford and Mercury intermediates. While for years these cars were valued at a third of what a Mustang value were we see the prices trending up. Social media has also helped these cars get the recognition that they deserve. So although for years these cars were called sleepers in the hobby, that moniker is no longer the case in 2017. Look for prices to rise rapidly in 2018 as so to the recognition of our beloved cars
Marty