Collector Car Market Review

Unknown
Unknown
edited November -1 in HUDSON
I just stumbled over this page:



http://www.collectorcarmarket.com/menus/huyrd.htm



What is the opinion of you guys?

Are the prices given there realistic?

Comments

  • Unknown
    Unknown
    I'd say they're realistic.
  • [Deleted User]
    [Deleted User]
    I thought they were a bit low on the values they assigned to #3 and #4 cars. Of course, what I consider a #3 or #4 car, the next guy might consider a #2!
  • Clutchguy
    Clutchguy Senior Contributor
    These prices are somewhat close on #3/#4 cars,but I have yet to see a 49 Comm Cv,#1 go for 34,900.xx.If you find a #1 for this amount,please call or email me,I'm interested.
  • Unknown
    Unknown
    I thought they may be realistic in the lower conditions, but behind the current market on #1's (according to most standards a #1 is a 95 point show car restored to max standards and not driven ) I also believe the demand for club coupes far exceeds the desire for hollywoods, thus the prices should be reversed with CCs higher. (My opinion!) All these price guides seem to be way off on high condition convertibles.
  • Jon B
    Jon B Administrator
    Just for comparison, here are a couple of other guides:



    http://www.nadaguides.com/Values/ValueCategoryYear.asp?UserID=530B1955F8CFE&DID=39177&wSec=2&wPg=1204&CategoryId=7&MakeId=1280&ColorId=



    http://www.manheimgold.com/car_lo.html



    Frankly, I don't trust any of these guides. The reason is, that so few Hudsons are sold (comparatively speaking) each year, that is is extremely difficult to establish a pattern of prices. Essentially, you'd do just as well to get a sense of value by watching completed Ebay sales. At least there, you are seeing what people are actually paying, not what someone is hoping to get.
  • [Deleted User]
    [Deleted User]
    The condition guides are very subjective. I'd be willing to venture that a lot of the Hornets we see on eBay, and think are strong number 2 cars, are actually number 4 cars when you see them in person.
  • [Deleted User]
    [Deleted User]
    Most of these are low and not accurate to market.



    On a similar issue on value, I use Haggerty insurance. I got my yearly bill and they recommended that my 48 Commodore sedan which I have insured for $35,000 be bumped up to $37,000 and my 51 Hornet Club Coupe which is insured for $30,000 should stay where it is.



    As Jon mentioned, there are too few Hudsons sold for the price guides to get it right. I still think the WTN is the best single place to find a Hudson. Case in point, there is a nice looking 48 Commodore Club Coupe forsale in there for around $13,000. If as described, seems like a great value. You NEVER see a good driving Club Coupe in that range.
  • [Deleted User]
    [Deleted User]
    These values are very low! Look at what they list a #1 '71 hemicuda for! If I could find a #1 car for $125K, I'd buy all of them! They are high six-low seven-figure cars!



    My '66 Coronet 500 is appraised and insured for over double what they list for #1, and it's a high #3/low #2 car.



    Look at what they list on examples across the spectrum - all very, very low, in most cases.



    The Hudson prices are rated low across the board, IMO.
  • Jon B
    Jon B Administrator
    Here's a graphic illustration of how the old-car valuation guides are so far off the mark.



    "Collector Car Market Review" (cited above) puts a valuation of $ 23,300 on a #1 example of the 1953 Hornet "Hollywood" (that's a hardtop). Remember, #1 is "creme de la creme" condition, fresh from a professional restoration and ready for Pebble Beach. Or at the very least unearthed in perfect original condition from an old dealership, with only 25 miles on the odometer.



    Now, let's look at Hemmings Motor News for April, in their review of the Barrett-Jackson Scottsdale car auction of this January. There, a 1953 Hornet coupe (not the rarer Hollywood), in "restored, #2-" condition, had a Hemmings estimate of $28,000 as an 'average selling price'. But it pulled a winning bid of $ 59,400! For a '#2 minus", mind you.



    Yes, Barrett-Jackson auctions seem to pull wealthy people with more money than sense. Yes, any auction brings out the competitive spirit in bidders and these numbers are probably way inflated from the real world. Yes, Hudsons are probably in a temporary value peak right now, just as '59 Caddy convertibles were 15-20 years ago, and this "moment in the sun" will pass.



    But, facts are facts, and that's why it's better to watch what's actually being paid than to rely on these value guides, whose editors are 'behind the curve' on "mere" Hudsons, obviously!
  • Unknown
    Unknown
    I really get a kick out of what people think cars are worth based on some list. What a car is worth is what the seller and the buyer decide on, not what some yoyo thinks it is worth. Male Ego has a lot to do with it. Hudsons are overpriced right now and I have to agree with Jon B. Case in point. My car a 1933 Terraplane 8 coupe, I have only seen maybe 2 for sale in the 42 years I have owned the car. Very rare? That would make it valuable due to its rarenest and its contribution to automotive history as one of the best performing vehicles of its time, but most of the people who know what it is are either dead, dying or dont care, So its just another 1933 car to people, So how could anyone put a price on it?
  • Unknown
    Unknown
    One thing to remember is rare and desirable don't necessarily go together. If a car when new was ugly or not popular, chances are its survival rate is low and very rare. (but may not command high prices) Chances are if a car was desirable when new, it will be desirable in future years if it has redeeming features (Styling, performance, etc). If it's also rare because of limited production, price or other reasons, It will command higher prices. Many people want what they had or wanted but couldn't afford in the teens or high school years. These are the same people that can now afford to buy the cars they had or never had 40 years later. Hudsons are enjoying a tremendous popularity in the recent years, but if they don't nurture younger members, The prices and demand will go down as the present owners die off. Car collectors in general are an older group. Who knows, In 20 years, everyone that wants a Hudson Convertible, may own one, with some to spare.
  • SamJ
    SamJ Senior Contributor
    hudsondad wrote:
    One thing to remember is rare and desirable don't necessarily go together. If a car when new was ugly or not popular, chances are its survival rate is low and very rare. (but may not command high prices) Chances are if a car was desirable when new, it will be desirable in future years if it has redeeming features (Styling, performance, etc). If it's also rare because of limited production, price or other reasons, It will command higher prices. Many people want what they had or wanted but couldn't afford in the teens or high school years. These are the same people that can now afford to buy the cars they had or never had 40 years later. Hudsons are enjoying a tremendous popularity in the recent years, but if they don't nurture younger members, The prices and demand will go down as the present owners die off. Car collectors in general are an older group. Who knows, In 20 years, everyone that wants a Hudson Convertible, may own one, with some to spare.



    Exactly! :cool:
  • Unknown
    Unknown
    exactly, also my 52 hollywood is for sale for what i have in it40 K take it or leave it, iI am enjoying it BILL ALBRIGHT
  • PAULARGETYPE
    PAULARGETYPE Senior Contributor
    I'll Only Speak Of The 57's Listed A Hornet Hollywood Custom For $10,500 Send Me 2!!!! There Were Only 483 Of These Built And You Couldn't Buy Mine For 4x's That But As Sam Said What Was In Style Then Will Still Bring The Bigger Price Now
  • [Deleted User]
    [Deleted User]
    From what I've seen, all Hudsons have been undervalued for years and years. Stepdowns have really jumped in value and many people here seem surprised. Public awareness and the key desirability (or lack of) of a car creates the market value.

    The movie "Driving Miss Daisy" certainly helped in recognition but that movie had a limited demographic audience. The movie "Cars" was as big a blockbuster, mega hit as they get. It was a home run with all audiences and it featured an attractive and major role for Hudson. A Hudson fan couldn't have written a better role. You got the movie and you got all the merchandising that has "Doc Hudson" all over the world. Now everyone knows about the Hudson Hornet and it's racing glory. What this movie did for the recognition of Hudson cannot be overstated. It's been said here before, you have 70 years olds and 7 year olds lusting after this car.

    IMHO, the stepdown values won't fall any less than any other collector cars.

    All the other great Hudsons have benefited aswell. Any steel bodied coupe that a hot rodder would lust after is pricey. There is a growing stigma of having a fiberglass rod Vs a steel body car.

    The brass era former car owners have all died, aswell as many of those of the 20's. The 30's, 40's have older followings. 50's, 60's, depends on your definition of older. Yet all cars that represent an era as an icon create that desire of the auto enthusiast.

    Again back to the stepdowns, especially the Hornet Coupes, they will enjoy the "Doc Hudson" notoriety for years to come.

    Personally, I am very happy that Hudson's in general are being more recognized for the great cars they are, hence the increase in values.
  • SamJ
    SamJ Senior Contributor
    nhp1127 wrote:
    All the other great Hudsons have benefited aswell. Any steel bodied coupe that a hot rodder would lust after is pricey. There is a growing stigma of having a fiberglass rod Vs a steel body car.



    This is from the viewpoint of an industry "insider." The customizer's dream has always been to find an untouched, cheap, early '50's Merc. Since that ain't gonna happen now, they are turning their attention to stepdowns. You can see it on this forum, amongst the members who are customizing and otherwise "hot rodding" their stepdowns. This affects prices, partly because these modified cars are getting exposure at mixed-marque and street rod shows, where you have traditionally rarely seen a Hudson product. People who have never seen a Hudson before are now seeing how really cool they can be. :cool:
  • Unknown
    Unknown
    I don't really agree with the could not afford it then, buy it now concept when it comes to Hudsons. I can't remember ANYONE lusting for a Hudson in the 1950's and it has been not so many years ago that I was buying nice stepdown's for less than $1000.00 and NOBODY in the HET club wanted to even admit that the 55 thru 57 Hudsons even existed. Cannot really explain why it there , but the Hudson lust is there. Like I told someone once it's just like comfort food. It just makes you feel good.
  • Unknown
    Unknown
    It looks like a bunch of Chevy guys got together over brewskies and made up this value guide while watching the speed channel. They really don't know the subject. I say this based on 55 and 56 DeSoto values, of which I am a long time afficianado. They say that an automatic transmission delete detracts from the value. If you can find one of the 1 or 2ea 56 Adventurers that was made with a manual, it would be worth multiples of an automatic car. The values for some #1 cars are below what a good paint job costs.



    Have a nice day

    Steve
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