It needed an engine but the seller only wanted $2900 for the car. This seems to reflect the complexion of the hobby. Nice, done cars bring fair money, everything else goes wanting...
Interesting. I followed a 40 Buick Limited on an ebay auction from Oregon last month and it too had the engine out of it, that would be a full CCCA classic. It ended in that price range and came with spare parts and 2 engines so I wonder if the car you were looking at at hershey was the same car that was on ebay in Oregon last month?
I also believe your comment on the project Buick is 100% correct. I spend far too much time watching prices on project cars. We are in a different culture then what was in place in the hobby 40 years ago. 40 years ago seems like a long time ago but that's the early 70's and I was 6-10 years old. In those days, guys would take over the garage to restore a car. Restorations were probably less then concours quality. The wife did not have the same influence she has now. Now, most wives TELL the husband "
no way you are putting that in here!"2nd is the huge cost of a restoration. Everybody says (and they are right) you can't restore a car for the price of purchasing a nice #2 car, like that mint green Virginian. $15K is a bargain. Finally, #3, up until the 2008-2009 stock market crash and 401k correction, baby boomers had a lot of disposable income and went one of 2 directions. They bought an RV or an old car depending on their inclination.
They didn't want a restoration project that might take 4-6 years to restore. They wanted "instant gratification" in the form of a 1970 Chevy Chevelle SS for whatever the dealer wanted. They might very well overpay for that car but they didn't care. Their working lives in the rear view mirror, they wanted to enjoy retirement NOW. And so demand for worthwhile projects has slipped and the impact of the overpriced "classic car dealer" was increased.
I have no idea if the restoration culture will change, but my opinion is NO. I think we will continue to see project cars languish at bargain prices because the difficulty and expense of restoration will make it a bad decision. I 100% do not blame those who pass on project cars. I have owned 140 cars in the past 15 years and lost interest on most of my projects. My average cost per car was probably $1000 per car so that's $140,000 spent with nothing to show for it. A staggering amount. That would have purchased how many of those $15,000 mint green Virginians? 10-15 of them!
I have restored a few of those and enjoyed some of them as drivers but gave up on a lot of non running projects too.
Oh well, live and learn. People are still restoring cars but the pace is much much less then it was in 1971.