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Arizona auction results?

  • Chris Summers
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29 Jan 2012 23:25 #22066 by Chris Summers
Replied by Chris Summers on topic Arizona auction results?
Bob is, of course, correct, and it was the head I checked at O'Quinn's, not the block.

Chris Summers
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  • Bob Roller
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29 Jan 2012 21:07 #22064 by Bob Roller
Replied by Bob Roller on topic J487
Chris,
It was the head that had a copper patch on it,not the block..
It was toward the right front side and was held with small screws. It didn't leak so we did not disturb it. Don Thompson painted the engine International Harvester red and said he hated green unless it was the shade of green used on money.

Bob

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  • Chris Summers
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29 Jan 2012 19:43 #22063 by Chris Summers
Replied by Chris Summers on topic Arizona auction results?
Last year the owner of the Willoughby was looking for $400,000. Unfortunately there just never seems to be much of a market for the big formal cars, which are my very favorites. As Bob once told me, "aerodynamics of a paving brick."

It will be interesting to see who wound up with J-487 at that bargain price and what will be done with it. The engine change could have figured into the cost but it was done so early in the car's history that I feel it scarcely matters. Bob told me that the block was patched when Don Thompson owned the car. I inspected the engine a few years ago and the block showed no visible appearance of repair (to my very untrained eye) so I assume it was either replaced or more expertly repaired.

The car was running and driving well as of a few years ago.

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  • balinwire
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29 Jan 2012 15:20 #22061 by balinwire
Replied by balinwire on topic Arizona auction results?
The big D prices seem to be relatively strong and stable investments, we have seen the auction run up in other makes, Muscle, early Corvettes and the Tucker of course.

This may be a way to protect the value of currency as they deliver better than 10% in inflationary times.


Bob,
I saw a late night talk show Friday night where the crowd cheered. The guest was treated like royalty.

When they get around to the first amendment it could lead to property confiscation, interment, then the second.

When traveling in a very expensive vehicles, you need to protect your investment. A lot of the reason the Duesenberg and luxury vehicles of the thirties was halted was that the wealthy did not want to flaunt there wealth when unemployed workers were standing in soup lines.

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  • Chris Summers
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29 Jan 2012 12:35 #22060 by Chris Summers
Replied by Chris Summers on topic Arizona auction results?
Thanks Matt.

In talking with a restorer friend about J-284 yesterday, I made the comment that Murphy convertible coupes are an unusual example of the most prevalent body style being the most desirable and, of late, valuable. Of the roughly 25 disappearing top cars built, the vast majority have survived.

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  • landmark
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28 Jan 2012 20:15 #22058 by landmark
Replied by landmark on topic Arizona auction results?
Hello,

the highest bid for the Willoughby Limousine J-306 / 2402, ex-J-383 @Mecum-auction Kissimmee, FL was $ 325000. Not sold yet.

Matt

Was man besonders gerne tut,
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Wilhelm Busch

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28 Jan 2012 00:42 #22048 by Joel
Replied by Joel on topic Arizona auction results?
I'm not particulary surprised by the 2.6 mil sale on the Murphy CC. The really good Murphy Convertible Coupes bring bucks.

Look at J395/2414, Murphy DT CC: 2.64 mil with no blower.

J279/2301 Murphy DT CC no blower Sold with an asking price of 2.5 mil

The way the value of our currency is being erroded, those who have money are looking for a solid hedge against inflation. What better place to put it than a top quality, no excuses Duesenberg? 20 years from now that will seem cheap.

Joel Nystrom
1929 Duesenberg Model J Murphy Convertible Coupe
[img

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  • Bob Roller
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27 Jan 2012 20:30 #22046 by Bob Roller
Replied by Bob Roller on topic Twice the going rate??
It proves that P.T.Barnum was right. That being said,the LeBaron phaeton J487 is the first one I ever worked on and it was a derelict in 1951.That was when I met Raydon R.(Don)Thompson and Jack Irwin. Once it was running,we drove it around as a chassis sort of like a king size hot rod and finally put the body back on the frame along with the fenders. Thompson sold it to T.H.Blash in Cumberland,Md as is or as was for $2500 in silver backed currency. He also had a Willoughby sedan.J467 which would run but the drive shaft was stripped and I did most of the parting out on it. Harry Schulzinger bought the remainder and where it went afterward,I don't know.
Don Thompson died in December of 2009 and I have no idea if Jack Irwin is still alive or not. It seems like yesterday that all this took place.I was 16 and am now looking into the muzzle of 76. Time staggers on.

Bob Roller

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  • Mike Brady
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27 Jan 2012 16:33 #22042 by Mike Brady
Replied by Mike Brady on topic Arizona auction results?
There are similar threads on the AACA site. Don't hurt yourself trying to find the logic or reasoning in each sale price......it's just not there in many examples.

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27 Jan 2012 12:45 #22040 by alsancle
Replied by alsancle on topic Arizona auction results?

Chris Summers wrote: Must every thread on here about auction sales turn into a harangue about auction company practices? :rolleyes:

As Randy clarified elsewhere on the forum, the present blower on J-284 / 2310 is a recreation. The car at one point did have an original blower installed but no longer.


Now I'm really confused about that sale price.

Engine swaps have a differing effect on price depending on make. It is a killer in the musclecar world. With Duesenberg I never thought it was a huge deal as the engine number is not on the block it but certainly does impact the price to some extent.

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  • Chris Summers
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26 Jan 2012 21:45 #22036 by Chris Summers
Replied by Chris Summers on topic Arizona auction results?
Must every thread on here about auction sales turn into a harangue about auction company practices? :rolleyes:

As Randy clarified elsewhere on the forum, the present blower on J-284 / 2310 is a recreation. The car at one point did have an original blower installed but no longer.

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  • West Peterson
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26 Jan 2012 21:29 #22035 by West Peterson
Replied by West Peterson on topic Arizona auction results?
You don't need a friend, neighbor or schill to buy back your car. You are perfectly in your rights to buy your own car back. A couple of years ago, I heard the "buy back" cars comprised a full 40 percent of B-J sales.

I'm surprised at the low number on the lwb Duesenberg phaeton as well. The swapped engine should have had nothing to do with the low number. If I had the money, I would have paid 2 or 3 times more for that car than the convertible coupe. There must be something I don't know about the car. Even the town car brought more money.

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  • landmark
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26 Jan 2012 19:58 #22034 by landmark
Replied by landmark on topic Arizona auction results?

alsancle wrote:
(...)

I'm at a a loss where the other 800k came from.



I call that Irrational exuberance or "auction-fever" <!-- s:wink: --><img src="{SMILIES_PATH}/icon_wink.gif" alt=":wink:" title="Wink" /><!-- s:wink: --> <!-- s8) --><img src="{SMILIES_PATH}/icon_cool.gif" alt="8)" title="Cool" /><!-- s8) -->


Cheers

Matt

Was man besonders gerne tut,
ist selten ganz besonders gut

Wilhelm Busch

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26 Jan 2012 19:05 #22033 by alsancle
Replied by alsancle on topic Arizona auction results?

landmark wrote:

alsancle wrote: Can someone smarter than me explain how Gooding got so much for a Murphy conv coupe? Seems like twice the going rate?


No, I had the same question in mind. The later added supercharger can't be the reason.

It looks like superchargers (single- and dual-carb.typs) are available for under $ 100k

www.carandclassic.co.uk/car/C266915

Matt


I believe they stated in the catalog description that the blower was an original (although as a twin pot I question that) installed 40 years ago which could add 200-300k in value for the blower alone. I'm at a a loss where the other 800k came from.

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  • landmark
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26 Jan 2012 01:34 #22022 by landmark
Replied by landmark on topic Arizona auction results?

alsancle wrote: Can someone smarter than me explain how Gooding got so much for a Murphy conv coupe? Seems like twice the going rate?


No, I had the same question in mind. The later added supercharger can't be the reason.

It looks like superchargers (single- and dual-carb.typs) are available for under $ 100k

www.carandclassic.co.uk/car/C266915

Matt

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Wilhelm Busch

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  • wizzells
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26 Jan 2012 01:19 #22020 by wizzells
Replied by wizzells on topic Arizona auction results?

alsancle wrote: Can someone smarter than me explain how Gooding got so much for a Murphy conv coupe? Seems like twice the going rate?


Possibly a bidding war? Think last year, the Whittell car...

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26 Jan 2012 01:16 #22019 by wizzells
Replied by wizzells on topic Arizona auction results?

landmark wrote:
That is not so much for an "original" Dual Cowl Pheaton.

Matt


Correct me if I'm wrong, but the car does not have it's original engine. I would think this affects the value some, though I am certainly in no position to fathom a guess how much, since I believe it was done very early in the car's life. You would think (I would anyway) that a car like this, being a the only LWB LeBaron Sweep Panel, would bring more.

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26 Jan 2012 01:15 #22018 by alsancle
Replied by alsancle on topic Arizona auction results?
Can someone smarter than me explain how Gooding got so much for a Murphy conv coupe? Seems like twice the going rate?

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  • Steve Derus
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25 Jan 2012 21:02 #22015 by Steve Derus
Replied by Steve Derus on topic Arizona auction results?
Watching the Barett Jackson on TV when the Duesey town car crossed the block I think it was a legitimate sale. The guy who bought it bought a pantload of other cars also while I was watching. If he was a schill he was working for a lot of sellers. He had a surprised look on his face when the reserve came off and his $950k bid won it.

SD

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  • Tom Georgeson
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25 Jan 2012 20:51 #22014 by Tom Georgeson
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Or t could be a second party of the seller. A friend, employee or relative.

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  • landmark
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25 Jan 2012 19:50 #22011 by landmark
Replied by landmark on topic Re: Duesenberg

Tom Georgeson wrote: These seemingly low sales make me wonder just how many of them aren't just buy back because of the no reserve feature of B-J sales?


That would be the secret of the auctioneer and the consigner. It would be interesting to know, in case of a buy-back, if the "buyer" has to pay the buyers premium to the auctioneer <!-- s:wink: --><img src="{SMILIES_PATH}/icon_wink.gif" alt=":wink:" title="Wink" /><!-- s:wink: -->

Matt

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Wilhelm Busch

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25 Jan 2012 18:46 #22010 by Tom Georgeson
Replied by Tom Georgeson on topic Duesenberg
These seemingly low sales make me wonder just how many of them aren't just buy back because of the no reserve feature of B-J sales?

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  • landmark
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24 Jan 2012 21:38 #22001 by landmark
Replied by landmark on topic Arizona auction results?

wizzells wrote: The estimate on 2336/J487 was $900,000-$1,200,000, but I'm pretty sure it went for less than that. Can't remember the exact number (I'm thinking it was in the $800,000 range, + commission) and the results are not posted on RM's site yet.


Hello,

RM has now posted the auction result on its Site. The Duesenberg J 2336/J-487 is listed with $ 880000 (incl. buyers premium?)

That is not so much for an "original" Dual Cowl Pheaton.

Matt

Was man besonders gerne tut,
ist selten ganz besonders gut

Wilhelm Busch

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  • Mike Dube
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24 Jan 2012 16:29 #21999 by Mike Dube
Replied by Mike Dube on topic Arizona auction results?

Steve Derus wrote: 2401/J381 Murphy town car reported sold at $1.075 million at Barrett Jackson.


That must include the buyers premium, I believe they hammered it @ $950K.

The new owner bought a ton of cars. In the hour I watched Saturday night, he spent about 5 mil on three cars.

Mike
8-100A

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  • wizzells
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22 Jan 2012 18:56 #21982 by wizzells
Replied by wizzells on topic Arizona auction results?
The estimate on 2336/J487 was $900,000-$1,200,000, but I'm pretty sure it went for less than that. Can't remember the exact number (I'm thinking it was in the $800,000 range, + commission) and the results are not posted on RM's site yet.

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  • Steve Derus
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22 Jan 2012 00:56 #21979 by Steve Derus
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2401/J381 Murphy town car reported sold at $1.075 million at Barrett Jackson.

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  • landmark
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22 Jan 2012 00:22 #21978 by landmark
Replied by landmark on topic Arizona auction results?
It looks like the 1929 Duesenberg Model J Convertible Sedan @Bonhams auction was not offered or sold at the auction It's lot-Number (334) does not appear on the auction-result list.

Matt

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Wilhelm Busch

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  • landmark
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21 Jan 2012 23:25 #21977 by landmark
Replied by landmark on topic Re: Arizona auction results?

Steve Derus wrote: anyone have information on prices of cars #2310 and 2336 in Arizona?


Hello Steve,

if I got it right, the red Murphy CC 2310 was $ 2.5 or 2.55 Million plus 10% auction fee.

I don't know price of the other (three?) Modell J Duesenbergs which were auctions by RM and Barrett Jackson.

Does someone know the results?

Matt

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Wilhelm Busch

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  • Steve Derus
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21 Jan 2012 22:49 #21976 by Steve Derus
Arizona auction results? was created by Steve Derus
anyone have information on prices of cars #2310 and 2336 in Arizona?

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