And Tucker #1010 Sells for....

[Tuckerfan1053]

Okay, so the car sold for $750K, a 100 point restoration would cost $300K, which brings the total for the new owner to just over $1 million. I think that the price for a Tucker at auction, when I started posting here, was $500K, and that was some 6 years ago now. Given that restoring the car will take at least a year, if not longer, then it should be possible for the new owner (should he/she so desire) to recoup their investment rather quickly, if Tuckers continue to increase in value at the same rate. (Something bad happens to one of the people involved in the movie, and you can probably expect the value of the cars to temporarily spike.)

[Tucker Fan 48]

It also comes down to weather you truly believe that all Tuckers are worth 1 million dollars
or has the market been artifically pushed by a few unusual sales? Most everyone agrees that
the sale of #1045 was pushed well beyond the true market by two buyers who both wanted
to buy a Tucker that day. If one or the other of the two final bidders were not there that
day the car would have sold around 750K as all other bidders had long dropped out.

Tucker #1010 is interesting as well. The two brokers that sold the car for Mrs Wright
contacted anyone they could find that had a Tucker connection. The price they offered
the car for was 500k and they eventully lowered it to make a sale. So is the market value
for the car less than the 500k price that a lot of collectors passed on or is it near the 800k
that a couple of bidders were willing to pay on a particular day?

#1041 sold about 18 months ago for about 750k. The car far exceeds the condition of #1010
and as the most photographed Tucker, #1041 would fall into one of the five most valuable
of all of the cars. It's the most driveable of any Tucker if you were to take one on a trip.

So if you used the price #1010 sold for as a base, then would #1041 be worth 1.2 or 1.3
million today? If #1041 had increased that much then how would you value a flawless Tucker
like #1017? Would it be worth 1.5 million? Where would you even begin to value #1031 then?
As Vera Tuckers car and one of two that Preston owned. The only one he still had when he
passed away. From a historical standpoint probably the most valuable Tucker or certainly in
the top two. The price for it would have to be off the scale but would anyone really pay it?

Has the market really changed that much in 18 months or is it artifically been pushed?
As Club members we'd all like to think that each car is incredibily valuable, but is fair
market value set by what 3 or 4 people are willing to pay or by what a larger group of
buyers is willing to pay? I think the bidders involved in these last two sales will agree that
the price they bid or paid more reflects their desire to own a Tucker than what the true
value of the car might be. It'll be very hard to gage what the market truly is until a few more
cars come up for sale.

[TuckerCar]

Well said and I agree. I think the other factor here is that there was a relatively long lull where there were no cars for sale. Then all of a sudden a bunch of them sell in a short period, all of course feeding off each other.

1002, 1006, and 1043 all sold privately and had little/no impact on market values. No one was surprised by 1038, but then we were all taken aback by the price of 1041. So we keep waiting to see what the next one goes for, and the buyers are getting nervous, bidding high, worried that they'll miss an opportunity as the prices continue to rise, at the same time artificially raising the prices themselves (1049, 1045, 1010). I won't even mention the convertible.

It all stinks to me of the housing bubble (minus the subprime lending). 1010 is the 1,000 sq ft house with the 1/4 acre lot that's close to the trendy downtown area. Knock it down and build a McMansion, and then see where you're at in 5 years when the market adjusts.

I'll tell you what - if I owned 1006, 1017, 1043 or 1049 (what are arguably the best restored Tuckers right now), I'd sell them for $3 million today and buy them back in a couple years for $800K.

No one's paying $250K for Boss 429s or $500 for Hemi Cuda's anymore.

I can totally see what must be going through Deb Hull's mind right now... Don't sell, Deb.

[Tucker Fan 48]

Excellent article in the Chicago Tribune about the sale. Several quotes from our fearless leader Jay. Great job!

Even a link to 11 things you didn't know about a Tucker.

http://www.chicagotribune.com/classifie ... 6934.story

http://www.chicagotribune.com/classifie ... 8975.story

[ebres63081]

Hello Everyone!

Ive enjoyed reading the thread and want to put my two cents in as Ive spent years following the values and players in the QUEST for a Tucker!

Tuckercar, I like your housing bubble analogy but I must respectfully disagree. In the housing market supply FAR exceeds demand which in turn drives the prices down. The housing market is going to stay down until that demand equalizes to supply. In Tuckerland we have a different scenario. Theres 47 cars. Then minus the cars that are in permanent museum collections, out of country cars, family heirloom cars etc.... Fact is about 10+ cars remain for collector consumption INTERNATIONALLY. Cars have been marching up and there is no lull in collectors who want to add a Tucker to their collection. Big deep pocket guys... I really don't see a reset in the Tucker market unless maybe Dave Cammack and our friend in Anaheim decide to dump 6 Tuckers at once on the market. It's my understanding from both parties that that will NEVER happen.

In my quest for a car I like most believed that the Tuckers would mellow out a bit but reality is that they are blue chip investment grade properties and their rarity keeps them from saturating. If a Gullwing through the recession didn't drop below 5-600k and theres 900 of those? Why would a Tucker be any less desirable? Reality is the Tucker prices finally caught up with the value it deserves given the rarity, story and celebrity status of these gorgeous cars.

All I can say is I am so happy that Bill Busker trusted me to preserve and protect 1031. Should there come a time when I can no longer (30-40 years hopefully!) I would find a suitable museum to donate her to.

Regards,
Eric
Northridge, Ca

[Tucker Fan 48]

Should there come a time when I can no longer (30-40 years hopefully!) I would find a suitable museum to donate her to.

I just got this vision of everyone scrambling to open their own museum