I've turned down $50,000 for Peyote--told the guy "buy it from my estate". I
don't know if it was a firm offer or the guy was just irritated because it
gets to go to Monterey every year. Doesn't matter, I wouldn't sell it for
twice that.
If you consider what it costs to build a really good race car, $56K isn't
all out of line, but that doesn't mean you can sell a Triumph-based race car
for that. What you put into these things has little to do with what you can
sell them for. I got rid of my very nice M6 that I paid $15K for, put more
than $25K into, and sold for $15K. That's how these things work. And it's
why the best kind of car project to buy is one that's done--unless you want
to play or you own Grassroots Motorsports magazine.
-----Original Message-----
From: owner-fot@Autox.Team.Net [mailto:owner-fot@Autox.Team.Net] On Behalf
Of JReed@wilsonsports.net
Sent: Friday, October 01, 2004 6:52 AM
To: Jack W. Drews
Cc: fot@Autox.Team.Net; owner-fot@Autox.Team.Net
Subject: Re: Cambridge car for sale
Very well said Jack. My "racing family" is very dear to me, and look
forward to seeing them on the weekends.
John Reed
Wilson Sporting Goods Co.
Staff Photographer
847-472-6199
Please note my new email address is JREED@WILSONSPORTS.NET
"Jack W. Drews" <vinttr4@geneseo.net>
Sent by: owner-fot@Autox.Team.Net
10/01/04 08:04 AM
Please respond to "Jack W. Drews"
To: fot@Autox.Team.Net
cc:
Subject: Cambridge car for sale
Musings on price vs. value:
If I positively had to sell my car today, I suppose it would bring $10,000
- $15,000.
If I were to reproduce it today, it would probably cost $30, - $40,000.
If somebody with unlimited resources told me today that they'd pay
whatever
necessary to buy my car, I'd ask $100,000, because where else could I get
the pleasure provided by this machine and the people associated with this
sport?
uncle jack
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