'36 Five Window Coupe at RM auction

[Jeff/Illinois]

I was in Auburn last Sat. for the AACA meet and wandered over to watch the auction for a while.

I saw a very, very nice '36 five window go thru the sale and they struggled to get $18K it almost died at $16,000. Before bidder's premium.

I thought it was an easy 2+ car with some detailing it might have been a 1-.

I didn't get what happened, seemed like a great buy for someone. I don't have a picture and can't seem to find it on their web site.

Wish I had had a bidder's number

[VeryTangled]

Stolen....

https://rmsothebys.com/en/auctions/a...w-coupe/778436

??

[WABOOM]

I'm not saying this is what happened but I read an article about classic cars declining in value. Author cited statistics about the younger generations having very little interest in nostalgia. Especially when it comes to long term ownership of material possessions. Apparently high schoolers are not even getting their driver's licenses at the rate previous generations did. Also adults with parents who pass away just sell everything for whatever they can get having no interest in maintaining a 75 year old car. This will lead to oversaturation in the market and drive values down even more.
Food for thought.

[FortyNiner]

All of this stuff moves with time. The market for Model T's gave way to Model A's that gave way to the 30's...and so it goes. Most buyers are after a piece of their childhood memories - only the reference time window changes. There are exceptions, of course, but everything isn't an exception.

[RalphM]

Man I can’t wait to see what a 2012 Prius is worth in 2092!
Only I don’t think I’ll live that long.

[petehoovie]

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[VeryTangled]

My comment is too brief.

[mercman from oz]

Very nice car and very reasonably priced. Would be double that price if it were in Australia.

[VeryTangled]

An excellent reminder... If you want the car to sell itself, wash and wax a few times!

[woodiewagon46]

That's one way for new people to get into the hobby with out spending a fortune. At 16K, you have a great driver, that you can update as you see fit.

[Tim Ayers]

I know I'm going to get flack for this, but if that car was hopped up a bit, it would have brought 2X the price.

From what I'm seeing on Instagram and other on-line avenues, even a mild hot rodded '36 would bring $30K fairly easily.

I'm 48 and all of my buddies want hot rods, not stockers. As I've mentioned before, TROG and Santa Ana drags has sparked the hot rod bug in a lot of folks.

My buddy bought a '35 5 window from a private seller that is a mild hot hot. No where as clean as this '36. It has a 59AB flathead, dual exhaust, 2X2 intake and Weiand cheater heads. He was asking $27K for it and my buddy got it for $22.5K.

The guy's phone was ringing off the hook from around the US, but we were local, came with a trailer and cash.

I believe this '36 will pop up again after a tire change (black walls), hopped up flatty, etc and will sell for double.

[blucar]

From my prospective I can see why the '36 went for $16k...
I view the car as being a budget quality car.. A Standard model with no pin-stripping at the belt-line, wind-wings that don't appear to be chrome an/or Stainless, in other words a car that someone thought he could flip by putting "a little lip stick on a pig".
I have been down sizing my rolling stock for the past couple of years. I have noted that the interest in old cars is quite low and therefore the prices are two.
I sold my '57 T-Bird, a near perfect car in excellent condition, three tops, and all the accessories except air, for $28k. The car was appraised and insured for $75.k. We had owned the car since 1975, took two years to sell it.
Anyone that thinks old cars are good investments is crazy in the head.. Sounds nice to convince the wife that the old car is a good investment.

[38bill]

Looks like it went for $20,900 with the buyers fees. Still a great deal for a nice looking car.

[Krylon32]

Just bought a mildly modified (SBC/350 trans/8 inch rear)40 standard and paid more than the stockers offered on E-Bay. Car looks absolutely stock and I had to convince the insurance company that mildly modified cars bring more money than stone stock cars.

[corvette8n]

I looked for about 3 years for decent '36 coupe that I could afford, could only find rusted hunks of junk, gave up and looked at 37-40 coupes still nothing I could afford, ended up with my '41 coupe. So does this mean prices are coming down.?

[tiger.1000]

I believe that the classic car market has reached saturation point. Bank interest rates being so low, here in the UK we are being advised to spend money and not save it,that is if you have a surplus. Accordingly many cowboys have joined the bandwagon and are selling or trying to sell bright and shiny but mediocre motorcars. Only the grade A motorcars will continue to appreciate or at least hold there own whereas the rest will prove to be not the investment they were declared to be