6R09K176898 Russo & Steele one of one claim

Post links and desKriptions of Kars on AutoTrader, ebay, Craig's List, other Kar or auKtion sites, or in loKal Klassified ads. This seKtion used to help determine the Kurrent value of Kars.

Re: 6R09K176898 Russo & Steele one of one claim

Postby evantugby » Wed Sep 27, 2017 7:33 am

Currently: 1966 Ford Mustang Fastback, K-code, HiPo, GT-350 Clone, Signal flare Red, black interior
Formerly: 1965 Ford Mustang Coupe, A-code, Wimbledon White, red interior
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Re: 6R09K176898 Russo & Steele one of one claim

Postby JPhil » Tue Oct 10, 2017 12:21 pm

A little further digging reveals:
Date Code Correct Donor K block was used with all documented correct K parts built by Bob McCray performance in Mission Viejo.


https://www.cars-on-line.com/gen3-cars/col1/posting/90869


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Re: 6R09K176898 Russo & Steele one of one claim

Postby SixT5HiPo » Sun Oct 22, 2017 3:01 am

JPhil wrote:A little further digging reveals:
Date Code Correct Donor K block was used with all documented correct K parts built by Bob McCray performance in Mission Viejo.


https://www.cars-on-line.com/gen3-cars/col1/posting/90869


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Now priced to sell at 100 Killobucks.
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Re: 6R09K176898 Russo & Steele one of one claim

Postby evantugby » Sun Oct 22, 2017 6:39 pm

Is this asking price of $100K even reasonable? Has anyone come close to paying this much for a restored K-code? This price is way to close to a Shelby GT-350 and I find it hard to believe anyone would pay this price when you can buy a Shelby GT-350 for close to this price.
Currently: 1966 Ford Mustang Fastback, K-code, HiPo, GT-350 Clone, Signal flare Red, black interior
Formerly: 1965 Ford Mustang Coupe, A-code, Wimbledon White, red interior
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Re: 6R09K176898 Russo & Steele one of one claim

Postby JPhil » Sun Oct 22, 2017 7:20 pm

evantugby wrote:Is this asking price of $100K even reasonable? Has anyone come close to paying this much for a restored K-code? This price is way to close to a Shelby GT-350 and I find it hard to believe anyone would pay this price when you can buy a Shelby GT-350 for close to this price.


I think your on the right track with your reasoning. I believe the key in your question is the word restored. I can think of a very small number of cars that would be in that conversation (two of which are pictured in the "makes you wonder" thread) that would be in the Shelby price discussion not because they are restored, but because they are not. Yes, we know the blue hipo had a bit of paint work and the red one is a bit of an enigma, but the history, documentaion and provenance of those cars are unbroken and well publicized.

If those type of cars are more generally accepted as the exception to the ceiling, then this car although nice to look at, shouldn't measure up to the asking price.

Just my .02 cents.

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Re: 6R09K176898 Russo & Steele one of one claim

Postby JPhil » Mon Nov 13, 2017 11:02 am

Still available.
Still claiming 1 of 1.
Still full of it.
Still asking $100K
https://www.hemmings.com/classifieds/cars-for-sale/ford/mustang/1987275.html


Still not going to sell.


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Re: 6R09K176898 Russo & Steele one of one claim

Postby C6ZZKGT » Thu Nov 16, 2017 10:35 pm

This Kar is at Mecum Las Vegas tomorrow November 17, 2017 as lot #F143.

https://www.mecum.com/lots/LN1117-29762 ... -fastback/

-Fred-
66 K GT Fastback Silver Frost / Black Pony Interior
66 K GT Fastback Signal Flare Red / Black Pony Interior
65 K Coupe Phoenician Yellow / Black Standard Interior
65 A Code 4 speed Ranchero
64 289 4 Speed Falcon Sedan Delivery
66 Corvette 427 Roadster
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Re: 6R09K176898 Russo & Steele one of one claim

Postby SixT5HiPo » Thu Nov 16, 2017 10:55 pm

C6ZZKGT wrote:This Kar is at Mecum Las Vegas tomorrow November 17, 2017 as lot #F143.

https://www.mecum.com/lots/LN1117-29762 ... -fastback/

-Fred-


Can't wait to see what happens. :|
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Re: 6R09K176898 Russo & Steele one of one claim

Postby C6ZZKGT » Fri Nov 17, 2017 8:43 pm

SixT5HiPo wrote:
C6ZZKGT wrote:This Kar is at Mecum Las Vegas tomorrow November 17, 2017 as lot #F143.

https://www.mecum.com/lots/LN1117-29762 ... -fastback/

-Fred-


Can't wait to see what happens. :|


This Kar was bid to $70,000 but did not meet the sellers reserve and therefore did NOT sell.

-Fred-
66 K GT Fastback Silver Frost / Black Pony Interior
66 K GT Fastback Signal Flare Red / Black Pony Interior
65 K Coupe Phoenician Yellow / Black Standard Interior
65 A Code 4 speed Ranchero
64 289 4 Speed Falcon Sedan Delivery
66 Corvette 427 Roadster
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Re: 6R09K176898 Russo & Steele one of one claim

Postby SixT5HiPo » Sat Nov 18, 2017 4:13 am

This Kar is at Mecum Las Vegas tomorrow November 17, 2017 as lot #F143.

https://www.mecum.com/lots/LN1117-29762 ... -fastback/

-Fred-

Can't wait to see what happens.

This Kar was bid to $70,000 but did not meet the sellers reserve and therefore did NOT sell.

-Fred-


Aw gee. I guess it's time to let B-J sell it on TV for $120,000.00 in a drunken bidding war.
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Re: 6R09K176898 Russo & Steele one of one claim

Postby evantugby » Sat Nov 18, 2017 12:31 pm

I really wanted this kar too because of the sapphire blue paint and the beautiful restoration but no way would I want to get close to $70K for a K-code. Even though the level of restoration may warrant such a price tag, these Kars just aren't worth this price yet.
Currently: 1966 Ford Mustang Fastback, K-code, HiPo, GT-350 Clone, Signal flare Red, black interior
Formerly: 1965 Ford Mustang Coupe, A-code, Wimbledon White, red interior
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Re: 6R09K176898 Russo & Steele one of one claim

Postby C6ZZKGT » Sat Nov 18, 2017 5:55 pm

evantugby wrote:I really wanted this kar too because of the sapphire blue paint and the beautiful restoration but no way would I want to get close to $70K for a K-code. Even though the level of restoration may warrant such a price tag, these Kars just aren't worth this price yet.


Don't forget about the date code correct donor block. :(

-Fred-
66 K GT Fastback Silver Frost / Black Pony Interior
66 K GT Fastback Signal Flare Red / Black Pony Interior
65 K Coupe Phoenician Yellow / Black Standard Interior
65 A Code 4 speed Ranchero
64 289 4 Speed Falcon Sedan Delivery
66 Corvette 427 Roadster
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Re: 6R09K176898 Russo & Steele one of one claim

Postby JPhil » Mon Nov 20, 2017 8:24 am

evantugby wrote:I really wanted this kar too because of the sapphire blue paint and the beautiful restoration but no way would I want to get close to $70K for a K-code. Even though the level of restoration may warrant such a price tag, these Kars just aren't worth this price yet.



Yes and no.

These cars are worth $70K (and more) provided they meet the criteria. This car, although appearing to be nicely done cannot help to fall a few spots short of commanding a premium price. It is what it is as they say, and no amount of self promoting and story telling will change that fact.

It's probably a nice build, but it's not $100K.

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Re: 6R09K176898 Russo & Steele one of one claim

Postby JPhil » Mon Dec 04, 2017 10:44 am

Still looking for $100K.
Still not going to get it.
https://www.hemmings.com/classifieds/cars-for-sale/ford/mustang/1987275.html

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Re: 6R09K176898 Russo & Steele one of one claim

Postby SixT5HiPo » Mon Dec 04, 2017 11:23 am

JPhil wrote:Still looking for $100K.
Still not going to get it.
https://www.hemmings.com/classifieds/cars-for-sale/ford/mustang/1987275.html

JP


Still spot on as usual JP
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Re: 6R09K176898 Russo & Steele one of one claim

Postby evantugby » Mon Dec 04, 2017 4:35 pm

JPhil wrote:
evantugby wrote:I really wanted this kar too because of the sapphire blue paint and the beautiful restoration but no way would I want to get close to $70K for a K-code. Even though the level of restoration may warrant such a price tag, these Kars just aren't worth this price yet.



Yes and no.

These cars are worth $70K (and more) provided they meet the criteria. This car, although appearing to be nicely done cannot help to fall a few spots short of commanding a premium price. It is what it is as they say, and no amount of self promoting and story telling will change that fact.

It's probably a nice build, but it's not $100K.

JP


JP,
For the record, can you point out the items on this kar that fall short of commanding a premium price?

Thanks,

Evan
Currently: 1966 Ford Mustang Fastback, K-code, HiPo, GT-350 Clone, Signal flare Red, black interior
Formerly: 1965 Ford Mustang Coupe, A-code, Wimbledon White, red interior
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Re: 6R09K176898 Russo & Steele one of one claim

Postby JPhil » Tue Dec 05, 2017 8:16 am

In order to value anything you must first establish its base.

The seller has set a dollar amount (in this case $100K) as the sell price. That is to say the “value” they have assigned it is $100,000.00.
As a buyer with this knowledge in hand you must first ask yourself what makes this car worth that money?
I would first suggest you read this http://www.hipomustang.com/hpmx/viewtopic.php?f=5&t=3903

Armed with that knowledge in hand, start with this question.
“What makes this car more valuable than others?
Does it have any special history, ownership or accomplishment?
Can it be proven?
In essence, what makes this car stand apart from others?

If the answer is yes, then you’re on to something.
If the answer is no, then what is left is the car, the sum of its parts and the quality of its restoration.

Do you want to pay a premium for a car with replacement parts and no traceable history?
A better question is would you pay $100K to restore one?

This car looks like it was well done by the photos but in the end its value is decided by the buyer.
Judging by previous auctions and attempts to sell, I’d say the market agrees that on this car it’s well short of the asking price.

JP
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Re: 6R09K176898 Russo & Steele one of one claim

Postby evantugby » Wed Dec 06, 2017 7:04 am

JPhil wrote:In order to value anything you must first establish its base.

The seller has set a dollar amount (in this case $100K) as the sell price. That is to say the “value” they have assigned it is $100,000.00.
As a buyer with this knowledge in hand you must first ask yourself what makes this car worth that money?
I would first suggest you read this http://www.hipomustang.com/hpmx/viewtopic.php?f=5&t=3903

Armed with that knowledge in hand, start with this question.
“What makes this car more valuable than others?
Does it have any special history, ownership or accomplishment?
Can it be proven?
In essence, what makes this car stand apart from others?

If the answer is yes, then you’re on to something.
If the answer is no, then what is left is the car, the sum of its parts and the quality of its restoration.

Do you want to pay a premium for a car with replacement parts and no traceable history?
A better question is would you pay $100K to restore one?

This car looks like it was well done by the photos but in the end its value is decided by the buyer.
Judging by previous auctions and attempts to sell, I’d say the market agrees that on this car it’s well short of the asking price.

JP


JP,
Please check your PM. You have a message from me.
Currently: 1966 Ford Mustang Fastback, K-code, HiPo, GT-350 Clone, Signal flare Red, black interior
Formerly: 1965 Ford Mustang Coupe, A-code, Wimbledon White, red interior
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Re: 6R09K176898 Russo & Steele one of one claim

Postby JPhil » Wed Dec 06, 2017 7:44 am

PM sent

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