1951 Frazer Manhattan Convertible

[jake]

 

[Roadmaster49]

Love it.  Hyman car.  I expect they paid about $20,000 for it.   

[Fid]

It sold for $41,250 at this auction just last month
http://www.rmauctions.com/lots/lot.cfm?lot_id=1070554

Someone is hoping to make a big profit on it.  Again, these sellers need to ask themselves, "How may people with $77,500 to spend on any car they want are they going to pick this one?"  I don't know but I'm guessing the current dealer will have it quite a while and won't yield much of a profit on the $41,250 investment.  By the way, I think it's a gorgeous car! Just overpriced by about $30,000.
I'd bet the dealer would take $77,350 for it.

[kaiserfrazerlibrary]

Couple things...

1.  Top is wrong.  It should be a 3 piece back window set up not the narrow rectangular slit

2.  There is something not right in the wiring.

 I Agree that in the current market for these cars a Condition 1 would not be an easy sell in the upper 40's/lower 50's.  What was paid I would figure is limit.  This is of course, a personal opinion.

Remember if any old car, regardless of make is NOT as represented (all original, restored to factory specs, etc) you can take legal action against the seller.  This is a matter of record regarding various court cases in various states along these lines.

[joefrazer]

Caveat emptor...buyer beware.

[Roadmaster49]

Fid's right. At any price point the question is usually asked what can I get for this car.  These are mostly museum cars now, as oddball 4 door convertibles.  Not a whole lot of money amongst KF collectors, no offense.

Darrins are different but few Darrins are topping 100K even.

[Fid]

I forgot about that top being wrong. We discussed that in another thread.  I'm guessing if the seller is aware of that, then the price should be around $77,250 and not $77,500 (where do these sellers get these figures?)

[kaiserfrazerlibrary]

Believe it or not it's simple.  Start with the base price (say $45,000 covering bid price & buyers premium) and add in a standard percentage for business expenses & anticipated profit.  It's just like any other types of businesses.

[Roadmaster49]

Believe it or not it's simple.  Start with the base price (say $45,000 covering bid price & buyers premium) and add in a standard percentage for business expenses & anticipated profit.  It's just like any other types of businesses.

Yea I have no problem with Hyman's asking price.  They can ask what they want and perform a service.  Their customers aren't going to quibble over $10,000 or so.

I am a little surprised they bought it though, as it's not their normal offering.