Royce has already posted this one and I have it on my Santa list!
Oops! Iāll delete
(wonāt let me)
RE: Santa List - Iāve been looking at so many auctions lately that it made me ask myself āwhy?ā. I think Iāve finally drawn the conclusion that my current project (which DOES run) is sufficient for me. I donāt need more work to do; and I donāt need a āperfectā car either - because that would require me spending time buffing and polishing to keep it perfect; and that just aināt me. Iām good where Iām at - hope you get your Christmas wish!
Thanks, although I hope Santa doesnāt see this and cash in my IRA on it - lol! There is definitely something to be said for a car like yours - fun to just drive and not worry about perfection. Like you say, perfect is expensive, costly, and time consuming. Happy touring!
Thanks for that. Funny that you bring up the IRA too; everytime I say āI canāt afford thatā, I look over there and say āoh yes you couldā¦.ā Glad Iāve got self-control! (somewhat). Merry Christmas Craig.
This is a very nice car, wish I had. room in my garages. What do you think it will bring? There must be $130K in it just in the restoration.
As of now weāre at 65K with 5 days remaining; I may be delusional, but I suspect weāll see over 150K.
Iāve never seen a G sell for GT-E money, but who knows we may be witnessing a market shift. Hereās an AI āopinionā:
A restored Mercury CougarXR-7G, especially a rare Hertz edition like the ones from 1968, typically commands significant collector value, with Hagerty suggesting figures around**$47,200 (Good condition) to $66,200 (Excellent condition), though auction results can vary based on originality (like the S-Code 390 engine), restoration quality, and market demand, with some selling well into the$70k+ range**for top examples.
If so, the owner may make a little money on it.
Ooh, itās $75K now.
That is still about $50K short of what the restoration cost on this one.
BAT will have some surprising results in the āfinal 2 minutesā with the reset caused by a new bid. This 1971 Mustang went from $92,000 to $225,000 because of that. If the right combination of bidders are there at the end, who knows. Will just have to wait until tomorrow afternoon.
That is an incredibly high price for that car.
Donāt disagree, but it is an example (an extreme example) of what can happen, not necessarily what will happen and all during the 2 minute resets.
Low mile, all original cars can get some high prices, they are rare for that vintage.
Seque: Reminds me of a time many years ago when I worked at an aquarium. We had a 125 gallon tank full of baby Snakeheads (about 8ā long each). I had boasted about my ability to reach in the tank and clean the sides without any issues. The owner started throwing goldfish into the tank and said āgo ahead, stick your hand in there anytimeā - the result was multiple lacerations of my digits. The furor of an auction can stimulate unreasonable results.
Now that is funny! Thanks for sharing!
The owner of this car just admitted he has over $200K in it. No way he will break even.
Probably not. Unless you can do the work yourself, itās going to be a challenge getting your money back when paying a shop to do all of the work unless itās a high end car.
Iām still glad the owner was able to bring it back to life to this level, helps illustrate the uniqueness of XR7-Gs, and brings a good price which helps all Gs and I assume GTEs.