Gold Rush or Fools Gold?

54SuperWasp
54SuperWasp Expert Adviser
edited January 2013 in HUDSON
Two billionaires once fought for a 4 door sedan Hudson...Now, look at the results...
http://cgi.ebay.com/ebaymotors/1952-HUDSON-HORNET-BEAUTY-/330855041861?pt=US_Cars_Trucks&hash=item4d087f4b45
http://cgi.ebay.com/ebaymotors/1949-Hudson-Super-/160953602891?pt=US_Cars_Trucks&hash=item257995134b
Michel

Comments

  • Hudsonrules
    Hudsonrules Senior Contributor
    DREAMERS!
  • hudsontech
    hudsontech Senior Contributor
    So, now every Hudson Hornet, no matter the body style, is worth at least a hundred grand (or maybe 50k for a junkyard dog.

    Hudsonly
    Alex Burr
    Memphis, TN
  • Richard E.
    Richard E. Senior Contributor
    I think that I will increase my insurance coverage for my '50C6 4 dr sedan!! LOL!
  • hudsontech
    hudsontech Senior Contributor
    Way this mania is going Ken, you'd better insure it for $200,00o minimum!!!!! :D

    Hudsonly,
    Alex Burr
    Memphis, TN
  • RL Chilton
    RL Chilton Administrator, Member
    Ken-

    I think the 30-35K range is very reasonable coverage for your coupe.
  • Park_W
    Park_W Senior Contributor
    What boggles my brain is that there were apparently two well heeled bidders who didn't have a clue on what these cars are really selling for. Hope they come to the auction some day when my ragtop's up for sale!
  • 54SuperWasp
    54SuperWasp Expert Adviser
    I think I'll sell them my 54 sedan that I haven't begun the restoration yet and I'll buy a well restored convertible and a coupe with the profit...Michel
  • Aaron D. IL
    Aaron D. IL Senior Contributor
    Not a Packard, Rolls Royce, Not eveb an older Caddy... a Hudson. As nice as Hudsons are / were it drives me nuts that its auction situations like that which will makes every genius think they're sitting on a gold mine, drive up prices and lock out actual hobbyists who care and restore these cars. Every now and again I mention to HET leaders that the club should take at least a few collective measures to prevent this from becoming strictly a rich man's hobby but it seems to fall on deaf ears. That's ok though because one day we'll probably have to end up like the Warbirds organization. That is, whole chapters taking care of one vehicle because of the insane expense and resources needed to do so. The days of guys pulling Hudson's out of junkyards and driving them for $50 are gone. Plus every year for about 48 years starting from 2009 a Hudson will become a 100 year old car. How are we going to keep this going guys?
  • Browniepetersen
    Browniepetersen Senior Contributor
    Aaron, I build cars for the enjoyment. It has been quite a while since my main intent was to do a car for points at a show or to have one that is bright and shiney so it might win a few plaques at a local cruize in. In the past five years I have had seven cars. I have sold four and expect that more of what I have will be sold off. I guess I enjoy the build. The amount of money you put into a car is often driven by what your final goal is and how much of the work you do yourself. Of the four cars that I have sold in the past few years not one went for more than 10K and I made a bit on each one. It is increasling hard to work with that level of budget but the 54 I just started might end up as a "there only original once" type of a car but we will see as the time goes on. I do think there is a budget that you need for a build. If you want high end the budget needs to be high end, If not you can have a nice drivable Hudson like the ones I have ("I do have one high end car but then everyone is not perfect?")
  • Aaron D. IL
    Aaron D. IL Senior Contributor
    I agree Brownie, restorations are often done at different levels of perfection and with different goals in mind. Drivers are in a different category than concours cars. My beef is more with the speculators, more specifically those who are not even car guys.
  • Browniepetersen
    Browniepetersen Senior Contributor
    I agree with you on that issue. But, then again , I have a friend who did well in his business life and decided one day he wanted to be a car guy. He went to BJ and on the first day of the party he paid $40K for a 1934 Ford coupe (all steel) and quite well done. From that day till today he has tried to drive the wheels off the car. He did a big name cross country trip last January down along the coast and has just been enjoying life. I guess sometimes it just works out--I am not sure he understands what a wrench is?
  • 54SuperWasp
    54SuperWasp Expert Adviser
    In my own situation, it would have been far more easier for me to buy a very nice Hudson ( like the green 54 from California that sold a few months ago for $17,700.00 on E-Bay. But my goal is to restore my 54. And I even bought a house because of it's huge garage ( not because I had money, the bank loaned it to me and I still wonder why...). Now, with 3 tennants, I don't have time to go in the garage...But I'm getting organized, and I know that I will be so happy in this garage, trying to give life again to that car who was last licensed in 63 in California. What level will it be? Not a show car because I don't have experience enough, but it should be a very good driver.. I hope! I want to have a computer in the garage. It will be easier for my questions and pictures etc etc. Michel
    Bye the way, the 49 on E-bay just had a ''Huge price drop'' at $38K...and the 52 is at 10K with 16h00 to go. It will be a long road to $178K...
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