Incredible....A 1970 Buick GS Stage 1 appraised at $1,850,000

Wow, what a rare car. Interesting story and an amazing car!!!

http://cgi.ebay.com/ebaymotors/1970...0878361?pt=US_Cars_Trucks&hash=item4cfa8a3e19

 

so did you click on the buy it now price....:eek2:

 

http://v8buick.com/showthread.php?t=236731

This car's been an interesting topic around here lately...

 

$1.8 million and it doesn't even have a passenger side mirror?

He either got the deal of the century if his story it true, or he's a real PT Barnum trying to sell that story.

 

Smething looks different about the car and if finally hit me , there is " NO TINTED GLASS" in the car!!!!!!!!!!, I guess for the shows . It didn"t look real, almost like a toy GS.
Bill

 

That car is on georges site...I think?

 

OK maybe not there, I just checked, but I have seen it and read about it someplace of interest before.Not flea bay. White carpet ,dash and wheel. And no window tint,I read all about it ,I just cant remember where!

 

I read it on this forum somewhere........I hope it stays in the Buick family

Chris

 

I knew it was likely a flipper who bought it at auction just weeks ago... that did not take long at alluzzled:

 

I was going to hit the (buy it now) button until I noticed no A/C and the AM radio.

Bob H.

 

The Mecum website link
http://www.mecum.com/auctions/lot_detail.cfm?LOT_ID=CH0911-116170

 

I dont know if its worth THAT much. BUT WOW that is one of the sharpest cars ive ever seen. that clear glass with that bright white interior makes it just pop out at you. I really like that car.

 

Wow, thats a beautiful car, not to far from me either, might take a ride and check it out, something you dont see often!

 

John Chamberlain's old car....not worth 10% of the appraisal....what a dreamer.

 

Also, how about those 7 figures that those Hemis were bringing 6 or so years ago. Those prices sure have come back to earth. Timing is everything. This car is very,very rare, but rarity doesn't always mean big money. I still think it's value should be closer to what those crazy priced cars (Hemis) were, but in this economy it just didn't happen.

 

I dunno, the right buyer may have not been in chicago that day . But RH or someone of the like may be willing to pay 2-300k or so. Hopefully it will find a good home soon.

 

Its a nice car, but compared to the 70 GSX prototype this car has no real flash to it.. Just not my cup of tea is all. Still, a very nice Stage 1.

I had looked at this earlier and I swear the buy it now price was at 1.8 mill at the time. Its at 299k now.

 

Hey guys, I hate to tell you, but this another one of the Ponzi Scheme rich a-holes way of selling cars. It's a phony appraisal, or an appraisal by someone in their inner circle, not a 3rd party. It's all about ripping someone off, and this is how they do it.

They make up some ridiculous appraisal, then push it through an auction. The auctioneers are in on it, they agree to run the car across the block, they have phony bidders, and there's never any intention of selling the car. It's all about boosting the price, trying to get the web chattering (like here), getting some press, and hoping for some sucker at the next auction. What these guys are doing with this GS is to get some advertising on E-Bay, get people talking, then running it through an auction in hope of some liquored up old goat with a 25 year old rent-a-whore on his arm will buy it for half the appraised value. So the owners gets far more than he could have if it just went through an honest auction.

This scam has been going on as long as the Nigerian e-mail scam.

Last month, they did this to a 1968 GTO hardtop. Worth about $50K as it was a Royal Pontiac car, the bidding got up to $250K. They never showed the bidders on TV, it was all shill bidding, all phony. And when done, people thought that's how much the car was worth, and they think the owner wouldn't let it go for that much. Not true, the car was never for sale. It was all about getting media attention. Then sometime in the future, they'll run it across the block again, shill bid it to $100K, and some innocent guy will buy it for $110K, which is twice as much as its worth. Happens all the time. It's dishonest, but these guys have no conscious. It's all about...

:dollar: :dollar: :dollar: :dollar: :dollar: :dollar: :dollar:

Lots of liars, cheats, and Ponzi Schemers in the collector car world now.

They also did this to a 1969 Trans Am convertible at Mecum last year. They appraised the car at $1.5 million (it was a phony appraisal, I was there when the "expert" appraised it), then the owner, along with Dana Mecum, set the car up for auction on live TV. The car bid to $1.1 million, and of course, it didn't sell. Phony bidders. They never showed who they were. I was there, and everyone was looking around the auditorium wondering who was bidding. They were phantom bidders. All phony, all fake. There were no real bids on the car.

This 70 GS show ran through Mecum in May 2011. It was a no sell at $125K.

They ran it through again in September 2011. This time bidding stopped at $72K.

It's worth about $50K in today's economy.

So they concoct a phony appraisal at $1.8 million, and start fishing. With enough bait in the water, some newbie collector with their CEO bonus may come along and bid $250K, thinking it's a steal. And then the owners accomplished what they set out to do. Create false advertising, then laugh all the way to the bank while some guy gets stuck with a Buick that he paid 5 times too much for. Some guy that's not in the "inner ring", the ring that operates and sells these high end cars.

Sorry to be so negative here, but it ticks me off when I see these rich pricks trying to fool the American public with phony appraisals and fake bidding. This needs to stop, and these people should be jailed for false advertising.

And it IS a VERY cool car, just not worth anything over about $70K, which is what it didn't sell for last month.

 

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