Author Topic: Where did the 53 Eldo post go?  (Read 866 times)

Offline Quentin Hall

  • Posts: 1244
Where did the 53 Eldo post go?
« on: December 29, 2017, 10:16:44 PM »
Where did the 53 Eldos post go?
53 Eldo #412.
53 Eldo #433
53 series 62 conv
39 Sixty Special Custom
57 Biarritz

Offline Bobby B

  • Posts: 1748
  • Mendham, New Jersey
  • Name: Bob Bender
Re: Where did the 53 Eldo post go?
« Reply #1 on: December 29, 2017, 10:24:11 PM »
Where did the 53 Eldos post go?

 You missed your fun. Most likely flagged..... >:D
                                                           Bobby
1947 Cadillac Series 62 Convertible Coupe
1968 Mustang Convertible
1973 Mustang Convertible
1969 Jaguar E-Type Roadster
1971 Datsun 240Z
1979 H-D FLH

Offline Quentin Hall

  • Posts: 1244
Re: Where did the 53 Eldo post go?
« Reply #2 on: December 30, 2017, 01:21:30 AM »
I was just warming up to give everybody a rev up.
53 Eldo #412.
53 Eldo #433
53 series 62 conv
39 Sixty Special Custom
57 Biarritz

Offline gouldsom

  • Posts: 55
  • Name: Richard Goulden
Re: Where did the 53 Eldo post go?
« Reply #3 on: December 30, 2017, 01:48:16 AM »
I was really enjoying that post, the classic dilemma, buy and restore or buy one that is original  or done at a much higher price.
I don't care what anyone says including Quentin, but the price of those cars is slowly coming down to earth, while the price of restoration just keeps going up. 

Offline Eric DeVirgilis CLC# 8621

  • Posts: 4034
    • CLC Member
      CLC Member #8621
  • Name: Eric DeVirgilis
Re: Where did the 53 Eldo post go?
« Reply #4 on: December 30, 2017, 09:50:24 AM »
... the price of those cars is slowly coming down to earth...

What is the source of this statement?
A Cadillac Motorcar is a Possession for Which There is no Acceptable Substitute

Offline Eric DeVirgilis CLC# 8621

  • Posts: 4034
    • CLC Member
      CLC Member #8621
  • Name: Eric DeVirgilis
Re: Where did the 53 Eldo post go?
« Reply #5 on: December 30, 2017, 09:52:41 AM »
My guess is the OP removed the first post which eliminates the thread in toto.
A Cadillac Motorcar is a Possession for Which There is no Acceptable Substitute

Offline David King (kz78hy)

  • Posts: 1150
  • Check out the Eldorado Brougham Chapter
    • CLC Member
      CLC Member #22014
  • Name: David King
Re: Where did the 53 Eldo post go?
« Reply #6 on: December 30, 2017, 12:20:46 PM »
I read some of postings a day ago or so.  Really not our best effort to make a new person feel welcome.

David
David King
CLC 22014  (life)
1958 Eldorado Brougham 615
1959 Eldorado Brougham 56
1960 Eldorado Brougham 83
1998 Deville d'Elegance
2003 Deville gifted to daughter
1964 Studebaker Commander
1966 Pontiac GTO convertible
2012 Volt
CLCMRC benefactor 197

Director and Founder, Eldorado Brougham Chapter of the CLC
Past President, Motor City Region of the CLC

Rare Parts brand suspension parts Retailer

Offline Bobby B

  • Posts: 1748
  • Mendham, New Jersey
  • Name: Bob Bender
Re: Where did the 53 Eldo post go?
« Reply #7 on: December 30, 2017, 12:49:58 PM »
I read some of postings a day ago or so.  Really not our best effort to make a new person feel welcome.
David

David,
 Hi. I think that guy was only throwing that car out there on the forum so he didn't have to pay for advertising. In my opinion, it was way overpriced and I think some people thought of him as being greedy and just "phishing". I don't think any harm was done. Had he come on here and approached it differently or more realistically, I think everyone would have tried to help out. Just my 2 cents..... ::)
                                                                                        Bobby
1947 Cadillac Series 62 Convertible Coupe
1968 Mustang Convertible
1973 Mustang Convertible
1969 Jaguar E-Type Roadster
1971 Datsun 240Z
1979 H-D FLH

Offline chrisntam

  • Posts: 1331
  • Dallas, Texas
    • CLC Member
      CLC Member #29206
  • Name: C. Jessen
Re: Where did the 53 Eldo post go?
« Reply #8 on: December 30, 2017, 01:08:42 PM »
So now that it is no longer posted, what was the value?

Seems that restored ones go for $125k to $250k.

Restoration and parts acquisition would be at least $100k to $150k.

After restoration, value would be $125k to $250k.

So with some tricky arithmetic, the car's value was $0 to $100k.

Appears it was priced in the "range".

Your thoughts?
1970 Deville Convertible  MTS 507
Dallas, Texas

Offline Quentin Hall

  • Posts: 1244
Re: Where did the 53 Eldo post go?
« Reply #9 on: December 30, 2017, 02:11:49 PM »
Compared to other classics of the era for example 356 Porsche and 190sl and 300sl Mercedes, perhaps even XK 120 and XK140 Jaguars, personally I feel that the 53 Eldorado, considering its pedigree, rarity and importance in postwar Cadillac history is still way undervalued.
    I may have a vested interest in saying that but look at a current Porsche speedster price and tell me what your thoughts are.
 My Dad talked my uncle out of buying a 57 Carrera for $400 because the restoration cost would be too high when I was a 12 or 13.
53 Eldo #412.
53 Eldo #433
53 series 62 conv
39 Sixty Special Custom
57 Biarritz

Offline Eric DeVirgilis CLC# 8621

  • Posts: 4034
    • CLC Member
      CLC Member #8621
  • Name: Eric DeVirgilis
Re: Where did the 53 Eldo post go?
« Reply #10 on: December 30, 2017, 02:37:15 PM »
Several years ago one on eBay in similar condition did around $70K IIRC but that also included two factory replacement rear quarters and a lot of other '53 ELC trim parts.
A Cadillac Motorcar is a Possession for Which There is no Acceptable Substitute

Offline Bobby B

  • Posts: 1748
  • Mendham, New Jersey
  • Name: Bob Bender
Re: Where did the 53 Eldo post go?
« Reply #11 on: December 30, 2017, 03:07:19 PM »
So with some tricky arithmetic, the car's value was $0 to $100k.
Your thoughts?

Chris,
You already did the math for us.... ;D ;D ;D
                                           Bobby
1947 Cadillac Series 62 Convertible Coupe
1968 Mustang Convertible
1973 Mustang Convertible
1969 Jaguar E-Type Roadster
1971 Datsun 240Z
1979 H-D FLH

Offline chrisntam

  • Posts: 1331
  • Dallas, Texas
    • CLC Member
      CLC Member #29206
  • Name: C. Jessen
Re: Where did the 53 Eldo post go?
« Reply #12 on: December 30, 2017, 05:33:52 PM »
Looked at Hemmings.com, one for $250k, one for $280k.  Paper edition has one for $185k...

I'd prolly offend him with my offer....

 :P
1970 Deville Convertible  MTS 507
Dallas, Texas

Offline Bobby B

  • Posts: 1748
  • Mendham, New Jersey
  • Name: Bob Bender
Re: Where did the 53 Eldo post go?
« Reply #13 on: December 30, 2017, 05:44:12 PM »
I'd prolly offend him with my offer....

I think that was the problem  ::).......
                                    Bobby
1947 Cadillac Series 62 Convertible Coupe
1968 Mustang Convertible
1973 Mustang Convertible
1969 Jaguar E-Type Roadster
1971 Datsun 240Z
1979 H-D FLH

Offline V63

  • Posts: 353
  • Name: W Link
Re: Where did the 53 Eldo post go?
« Reply #14 on: December 31, 2017, 01:45:31 AM »
I have to agree too, the posts were not very welcoming.

We potentially lost a future member.

We gained a record of rare milestone car , with images and a link in the chain of its ownership. This should be encouraged not discouraged.


Offline Bobby B

  • Posts: 1748
  • Mendham, New Jersey
  • Name: Bob Bender
Re: Where did the 53 Eldo post go?
« Reply #15 on: December 31, 2017, 09:58:16 AM »
We gained a record of rare milestone car , with images and a link in the chain of its ownership. This should be encouraged not discouraged.

And maybe that car will one day show up somewhere restored and he'll have the last laugh. I wonder if I'll still be alive when that day comes.  ::)
                                                                                                                                 Bobby
1947 Cadillac Series 62 Convertible Coupe
1968 Mustang Convertible
1973 Mustang Convertible
1969 Jaguar E-Type Roadster
1971 Datsun 240Z
1979 H-D FLH

Offline chrisntam

  • Posts: 1331
  • Dallas, Texas
    • CLC Member
      CLC Member #29206
  • Name: C. Jessen
Re: Where did the 53 Eldo post go?
« Reply #16 on: December 31, 2017, 10:06:21 AM »
I have to agree too, the posts were not very welcoming.

We potentially lost a future member.

We gained a record of rare milestone car , with images and a link in the chain of its ownership. This should be encouraged not discouraged.

Yabbut,

The guy could have approached it a little differently as well.

What was the $97,000.00 going to get you?  What was good on the car?  The title? 

It wasn't a '70 hemi 'cuda convertible.....
1970 Deville Convertible  MTS 507
Dallas, Texas

Offline BJM

  • Posts: 327
Re: Where did the 53 Eldo post go?
« Reply #17 on: December 31, 2017, 01:10:27 PM »
If that poster was a serious Cadillac guy, he would have been on here before. He ONLY came on the AACA and CLC to sell the car. 

He only revealed he was a broker after we questioned the price.

The debate over appropriateness over whether to comment on pricing will always divide forum members. Some will say never comment, it's rude and inappropriate. 
Bryan J Moran
CLC # 12994
Des Moines, Iowa
1968 Cadillac Eldorado

Offline David King (kz78hy)

  • Posts: 1150
  • Check out the Eldorado Brougham Chapter
    • CLC Member
      CLC Member #22014
  • Name: David King
Re: Where did the 53 Eldo post go?
« Reply #18 on: December 31, 2017, 02:40:16 PM »
I think it is cool he thought of our organization as good place to expose the available car.  The selling process was just starting after all.  A '53 Eldorado is an upper eshelon car in the whole hobby, not just the Cadillac world.

The collector crowd for this car will understand what it is and how hard they are to do and most likely not their first or 10th car restored.  So a smart and well to do pool of people will determine what the value of it is, and most likely very quietely so we won't know unless they are our close friends.

Unknown '53 Eldo's come out of darkness once every 2 years or so and with each one, the likelihood of another gets a lot smaller.

These cars have a long track record in the collector world and I agree with Quentin that they are very undervalued.  So the long view would be these cars have good legs from an investment perpective.

The initial pricing seemed high to me as well, but what do I know about '53 Eldo's other than they are in the same league as the Eldorado Brougham's and I do follow those pretty close.  Maybe that complete car with rust is not a 97k car, but it could be 85k car...  Whatever the number, it will be most likely be higher than the entire car cost and restoration budget for the majority of cars discussed here.

The national CLC provides this site and the least we should do is promote the club to potential new members with a positive experience.

David King
« Last Edit: December 31, 2017, 07:51:11 PM by David King (kz78hy) »
David King
CLC 22014  (life)
1958 Eldorado Brougham 615
1959 Eldorado Brougham 56
1960 Eldorado Brougham 83
1998 Deville d'Elegance
2003 Deville gifted to daughter
1964 Studebaker Commander
1966 Pontiac GTO convertible
2012 Volt
CLCMRC benefactor 197

Director and Founder, Eldorado Brougham Chapter of the CLC
Past President, Motor City Region of the CLC

Rare Parts brand suspension parts Retailer

Offline Quentin Hall

  • Posts: 1244
Re: Where did the 53 Eldo post go?
« Reply #19 on: December 31, 2017, 03:09:40 PM »
I think those discussions may already be taking place David. In any event to me a 53 Eldo find is like finding another Jackson Pollock. The late Matt Larsen helped instil in me an obsession in this model. Iím looking forward to assisting  whoever gets it.
    There was nothing on that car that I havenít previously had to find, repair, remake or fabricate. So yes it will be a year or two or more ( it doesnít matter how long) and that car will be restored. Thankfully it has survived.
53 Eldo #412.
53 Eldo #433
53 series 62 conv
39 Sixty Special Custom
57 Biarritz