Tabcon said:
BTW, if any of you are interested in this car, please bid like you are.
With 7 hours to go the highest bid is only $6,600.00.
I have twice that much in the engine alone and wouldn't even consider such a ridiculous bid. Looks like I may have to finish this one before I sell it.
This is the norm, bailed projects do good to bring 25 cents on the dollar. I was building a 67 MGB GT rally car to run in the Mexican Pan AM Rally for a customer, I always had my doubts about the guy staying with the build to the end, and sure enough, he was fully paid up to me, but decided to pull the plug on the project, if he finsihed this car, with my labor, this would have easily been a $35K build, we were about $10K into, it, he got $2000 for the project. Tab, no one is going to appreciate the hard work you have done to this car like you would, so if there's a way you can keep the project and finish it, then I'd say go that route, because projects never get their full worth, and then there's the deal, that if you do finish it, then you may get 50 cents on the dollar, these cars are were never investments that pay in money .
Consider this a good example, Huffaker built what I would was the trickiest SCCA Bugeye race car the world has ever saw, it's cost a rumored to cost $88K to build, and 5 years later in near perfect condition, with spare race motors, ready to go, my buddy bought it for $25K, and we all thought that was high.
I watch Barrett Jackson and see some big Healey bring $80K, and everyone is wowed at the price it brought, when I know good and well that was a $125K professional restoration. Very few in the classic car hobby ever make a dime off their investment price. I'd be willing to say 95% of all cars sold at Barret Jaskson, RM, RL, etc. lose money over their restoration cost. Oh and race cars are the absolute worse.
I abandon like 3 car projects in my life, all of them race cars, and each time, I almost had to give them away. Brother I wish you all the luck in the world, thats a real nice piece you have, and maybe you beat the odds.