Ebay currently has 2 58 Broughams for sale. Both prices reasonably. Shame to see them in a sad state. :(
The ones up for sale are numbers 423 and 578 which are not listed in the database. Does anyone know how to contact them to let them know?
Go to the eBay listing and then to the right box with the seller info hit "Contact Seller".
I'm sure they would appreciate it.
Chuck
Who's working the Brougham data base?
I think we all come across from time to time, Eldorado Broughams that aren't on the list.
Mike
I took this quote off the Brougham database site but I personally know nothing about the site nor Yann:
"The bulk of the contents of The Cadillac Database are copyright© 1996-2012, Yann Saunders and The Museum & Research Center of the Cadillac & La Salle Club, Inc[/color]."
Chuck
Here is the link (from the CLC home page) to the "new" Cadillac data base.
J.C Franchitti took over running the page and does the updates.
https://www.newcadillacdatabase.org/survivors-registry/eldorado-broughams/
David
When I bought mine (#230), it was in a much better condition than those two. I cannot imagine the amount of money to get them restored. Mine can be had, for "only" $ 140'000...ready to drive and show.
Thanks guys for your responses
What's a number 2 driver Brougham go for these days? $40,000?
Have a look at that:
A "driver" is usually closer to a 3- / 4+ which is a driveable vehicle showing obvious wear. Condition 2 is in a different league entirely.
Here's what $35K bought in a '58 ELB:
https://www.ebay.com/itm/-/322836595134?vxp=mtr
I would say the market has rebounded then. I get the rarity and cool factor of this model but there has to be a limit to it's sale price as a collector car. As a car that might appreciate, that puts it in the investment category.
To me there is a difference. I don't know enough to tell whether these are considered investments where museums and wealthy folks buy it to partially enjoy the ownership experience but also to sit on them and sell them at a certain rate of return in a few years.
As a collector car only vying for retirees 401k and nest egg money at a reputable auction, then they would be competing against nicely sorted convertibles from all makes in this era, and those have topped out now at $100,000 or less for everything not called 53 Eldorado, Skylark, Fiesta or Caribbean. I saw a nice Packard Caribbean for $65,000 the other day.
I would say then this car loses out to a 50's high end convertible in those cases, but it's just my opinion.
Cars are generally poor investments mainly because of the high associated costs of ownership and anyone buying a collector car(s) purely for investment purposes is doing it for the wrong reason.
As always, the market is strongest for finest & best original unrestored cars due to the extreme rarity of examples in that condition. On the other hand, certain models, even in very poor condition, have appreciated dramatically as well.
There really are no hard rules about what constitutes an "investment" car, "pleasure" car, etc.; to try to make these distinctions is kind of pointless.
I also see don't know how anyone can affirmatively say when/if anything officially "tops out" as there are exceptions all over the place.