1970 QQ GSX on bat

You are correct about dealers.

Sorry, you had to do it the hard way, but glad you made it!

 

I have been reading this thread and the other one about the white GSX that recently sold on BAT.
This bickering is getting out of hand.
Remember BAT is an avenue to sell a classic car, it is presented "AS IS" no implied claims to being concourse correct. Take that for what is worth.
These cars were driven hard when new. That is where the street credibility of our cars came from.
Engines blew, transmissions, broke and parts failed. This car is no exception.
Larry Miller was a talented person who enjoyed restoring Buicks, doing most of the work himself. He wanted a GSX for his collection and purchased this car. He added some options just like so many others. If I remember correctly the car scored silver at the GS Nationals, most deductions were for detail items. I have recently seen this car and the restoration has held up very well.
I also have known the seller for almost 40 years. He is a very honest, person and I don't think he is trying to deceive anyone. He is answering the questions posted in the ad. Just maybe not as fast as some would like.
This is a chance to possibly own a QQ Stage1 GSX. If you like it bid on it. If not DON'T.

From what I have seen a person better have thick skin to sell a classic car on BAT.

 

I hear you Vet, and I don't want to, or need to, speak for anyone else - I don't think people are pissed off. It's the internet, hard to tell, but I do think people are tired of feeling the need to defend good Buicks from someone looking to purposefully keep the prices down, on cars they have no intention of buying, like the prices aren't already low enough naturally.

I agree - depending on the car, and the relationship to the owner/seller, it can be like exposing yourself. 99% of the classic cars still out there weren't originally bought as an investment or for a collection. Someone repainted the car in a color they liked over the past 50 years? You can hear the judgment before you even get to the comments.
I wonder what the actual comment to serious bidding ratio is for BaT (not the ones who start things off with a $1970 bid and don't come back).

 

Unfortunately, the seller isn't answering every question. There are a number of questions he has ignored, and he seems to be picking and choosing which questions he wishes to answer.

As an example, the seller has been asked 5 time now if he has a Wayne Roberts report for the car or if that report has ever been ordered. Each time he has ignored answering, so that clearly is a question he doesn't want to answer.

 

Makes you wonder if he knows what a Wayne Roberts Report is?
Does he have a build sheet?

 

I would be much happier to see the answer, "I don't know what that is", than to have the question completely ignored.

 

Maybe he didn't answer because he doesn't want to look stupid? I have to admit, it does look like he is avoiding the question!
Guess we'll never know WHY. Vet

 

Whether an X,Y, or Z, I believe all these auction sites have become full retail platforms designed to sell soap. Yes, just like the stories your grandmother used to watch on TV during the day sponsored by Ivory soap and Tide. “ Test on an inconspicuous place and discontinue use is you get a rash”. The seller and host may or may not be completely aware of their product or be able/comfotable/want to answer the questions as presented on this platform by “potential buyer's”. Welcome to marketing 101…

 

He answered that he never purchased the docs from Wayne.

Now, for all of you who are hung up on the docs, please answer why they are so important? The QQ tag is there; the PoP is there; the BB tag and VIN # is on the trans; and he admitted the AC was added by a previous owner. Are all the other factory options really that important on a GSX?

Not having these docs will only hurt the seller, but it can also help a potential buyer if it prevents some guys from bidding and thus keeping the bids lower. It doesn't appear anybody is questioning whether this is an authentic GSX… not even Chris.

 

Ask people with a 1971 gsx

Getting contentious Should I delete this thread ?

 

Please excuse me, I missed the part where he said he never ordered them.

As far as buying the X, I would not have a problem buying this car.
Isn't there enough info on the car to identify it as a real GSX?

I mean, it has QQ tag, the PoP and the BB tag and VIN # is on the trans. Isn't that enough?

I'am not an expert, i'am only asking and learning. Vet

 

Really?? My Uncle may not agree.

 

Try to see it for what it is.

Most of these "tense" car sales are of very, very rare Buicks. You would be surprised how many fakes are being sold (even at Mecum).

Plus, you have different camps of Buick enthusiasm;
1. Those who are picky about authenticity retention. It started as a numbered Stage 1 so it should always have the same numbered Stage 1 parts. If not, it's a NOM (authenticity lost/car remains).
2. Those who are more relaxed. It started as a GS455, but has had a Stage 1 restoration, so voilà, we have created a new Stage 1 (that should be treated as an original).

Your normal amateur would be a little picky, even for a basic $15K Skylark.

Now, take a movie theater of Buick fanatics and point them toward a rare Buick sale - you will get a whole bunch of "picky", brother...

 

Okay, why wouldn't he agree?

 

You answered your own question in your last paragraph.

The reason it hurts the seller is because the buyers are not willing to pay as much.

In the collector world, cars that bring the absolute premium dollar are the cars that have an unquestioned pedigree. Every piece of the vehicle is either perfect original or restored to perfection. Every part is authenticated as original, and they have every piece of documentation necessary to confirm the originality.

The Wayne Roberts report helps to determine how close to original the car is, and therefore, how much the car is ultimately worth.

At $72,000 those documents have little meaning because the car is worth way more than that amount. But how much more? Most collectors want to understand how original it is in order to pin down that value.

Let's say for the purposes of this example that a 1970 GSX Stage 1 automatic car that has all of its original equipment and has been perfectly restored to 400 point specifications is worth $150,000. From that total value there is a deduction for every non-original or inaccurately restored component. Therefore, the only way to assess an accurate value is to know what all is or is not original.

I would hate to price and purchase a car based on the assumption that every component is original only to later find out that some component (the air conditioner for example) was not original and that it would cost me $15,000 to return that component to original.

If I had the Wayne Roberts report before bidding, I could justify paying a higher price because I could accurately estimate how much money I would have to spend to return the car to original condition.

The only alternative without the report is to discount my bid for every potential correction that might be necessary.

 

Uncle Sam sez --

https://www.irs.gov/filing/federal-income-tax-rates-and-brackets

 

https://www.irs.gov/taxtopics/tc409
Capital Gains Tax Rates (2023) - NOT wage rates (caveman)
Net capital gains are taxed at different rates depending on overall taxable income, although some or all net capital gain may be taxed at 0%. For taxable years beginning in 2023, the tax rate on most net capital gain is no higher than 15% for most individuals.

A capital gains rate of 0% applies if your taxable income is less than or equal to:

$44,625 for single and married filing separately;
$89,250 for married filing jointly and qualifying surviving spouse; and
$59,750 for head of household.

 

You must be referring to long term capital gains tax which is zero up to $89,250 as you say. Above I posted the federal tax on adjusted gross income which is what I thought that you were referring to.