SAAC Forum

The Cars => 1968 Shelby GT350/500/500KR => Topic started by: newshelby on July 29, 2019, 12:37:18 PM

Title: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: newshelby on July 29, 2019, 12:37:18 PM
Hi all,
I'm NEW to the Shelby game (have only a later model). There is VERY limited information on these two Shelbys so two questions, advice towards prices for each one and who / how / where can I find out more info on "correctness" before buying? Thank you!!

https://www.mecum.com/lots/PA0819-380000/1968-shelby-gt500-convertible/
https://www.mecum.com/lots/PA0819-380086/1968-shelby-gt500-convertible/
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: shelbydoug on July 29, 2019, 12:43:58 PM
Your best and most up to date information on those cars is going to be from the 68 Registrar. If he doesn't have what you want the information probably doesn't exist  :)
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: silverton_ford on July 29, 2019, 01:02:54 PM
Don't get in a hurry.  Get educated first before you buy.   There will be plenty others come up for sale.  It is important to learn what to look for when analyzing if a car is a clone, rebody or has been wrecked and repaired.

Buy the registry here to get a ton of information about each car: https://saacstuff.com/ (https://saacstuff.com/)

Visit the Coral Snake Website.  A website dedicated to 1968 cars.  A ton of information: http://www.thecoralsnake.com/ (http://www.thecoralsnake.com/)

Contact the registrars here:  http://www.saac.com/contact_us.html (http://www.saac.com/contact_us.html)

Talk to experts and judges.  There are many of them here and they are all great people.
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: 557 on July 29, 2019, 02:41:11 PM
Also,an auction is maybe not the best place to buy,especially your first one....You would really need an in depth physical inspection (by a marque expert),as well as as much provenance as possible(preferably ironclad) as there ARE fakes out there......Slow your roll(pun intended) and Good Luck!!!
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: CSX 3183 on July 29, 2019, 07:24:54 PM
All above replies are spot on, follow their lead.  Just looking at the photos, the first car looks more correct, PROPER stance, second car looks to be lowered, and an aftermarket A/C
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: Coralsnake on July 29, 2019, 07:32:09 PM
Dan,

ASAP concerns me greatly....call me, tonight is fine

I dont recommend buying auction cars unless you are very knowledgeable and know the histories of these cars
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: TLea on July 29, 2019, 08:33:53 PM
Lot of repop parts on both. Tread slowly
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: Coralsnake on July 29, 2019, 08:35:27 PM
I believe that aftermarket AC is added to a non AC car

Without seeing the tags and paperwork, I would not have any interest

Buying cars at auctions without knowing their history is like playing roulette
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: 69bosssvt on July 29, 2019, 08:57:27 PM
I'll be at the auction selling a couple of mid year vette restomods. I can look at the cars(planned to anyway) the second car boasts 428 CJ engine but doesn't have KR stripes...I was planning on looking them over pretty good myself...
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: 69bosssvt on July 29, 2019, 08:58:58 PM
When you impulse buy this type of classic car you end up getting  costly "speeding" ticket ;D
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: shelbydoug on July 30, 2019, 07:22:18 AM
Sellers should know by now to add the serial numbers to the advertising somewhere. If it's there, I don't see it so I don't know which cars they are. You are going to need that to reference them in the Registry.

You need to remember that because of the potential values that there are a number of cars brought back from the dead that otherwise would have been crushed. That doesn't mean they necessarily should be avoided but it opens them up to a closer nut and bolt examination that can't easily be done in pictures like this.

Actually Mecum should know better. They've been through this before. The lack of details is suggesting to me that there could be something to hide?
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: Coralsnake on July 30, 2019, 07:38:31 AM
One is #188

I haven't studied the second car

Regardless, if you thinking about checking the cars two days before the auction, you have the right instinct, just very bad execution.

I agree the auction houses should be required to add serial numbers, but then again they have different motivations.

Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: newshelby on July 30, 2019, 09:45:09 AM
Thank you for such great advice!!!
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: Coralsnake on July 30, 2019, 09:55:56 AM
http://www.thecoralsnake.com/Buying

http://www.thecoralsnake.com/Price

These articles might be helpful, prices have been stable over the last two years

I will be updating those articles, soon, but they hold up well
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: Coralsnake on July 30, 2019, 11:17:17 AM
The second car is 1759
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: 69bosssvt on July 30, 2019, 09:13:12 PM
Are they registered here?
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: 557 on July 31, 2019, 06:51:50 AM
Quote from: 69bosssvt on July 30, 2019, 09:13:12 PM
Are they registered here?
.    Which brings up a really good point.If you are serious about buying one of these cars"right" a registry should be your first purchase..The old idiom "knowledge is power" was never more true than in this case IMHO.....
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: 69bosssvt on August 06, 2019, 08:34:21 PM
They were numbers 188 and 1759. 
Both decent cars  either fully restored freshened up...brought no money, seems like the money had left the room. A beautiful Britannia blue 67 fetched 275k...unrestored highland greed GT500 KR ' vert brought a little over 100k...not a sellers day...watched a  eautiful, freshly restored Silver Jade 69 Cobra Jet bring 47k he said he had around 60 into the car...ugh
70 boss 302 fresh restore with 8800 documented one owner miles tons of paperwork sold for 65k...said he wanted 80k...
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: Coralsnake on August 07, 2019, 11:02:10 AM
My personally feeling is these auction companies had everyone believing that the cars were worth more than the market accepted.

They have diluted the pool by increasing the number of auctions four fold to make them quarterly. It is now much harder to consistently attract good cars. That combined with the no reserves deters many from sending their cars to auction.

Certainly the 1967 was an exception and I am continually amazed by the Eleanor phenomena that pops up frequently.
Title: Re: Help with buying 1 of 2 Gt500s at auction - needed ASAP
Post by: Shelby_r_b on August 07, 2019, 03:19:01 PM
Quote from: Coralsnake on August 07, 2019, 11:02:10 AM
My personally feeling is these auction companies had everyone believing that the cars were worth more than the market accepted.

They have diluted the pool by increasing the number of auctions four fold to make them quarterly. It is now much harder to consistently attract good cars. That combined with the no reserves deters many from sending their cars to auction.

Certainly the 1967 was an exception and I am continually amazed by the Eleanor phenomena that pops up frequently.

Agreed on the Eleanor comment. I'm still amazed that people can essentially put a plastic body kit and such on a 67 Fastback and draw over 6 figures. Amazing.