New Atlanta Guy

[GTRS Fiero]

Very nice.  $6K, if you play your cards right.  $10K, if not.

[The Art Doctor]

Last 88 Formula on there sold for $5,600.  It was yellow and a northern car, and the same seller.  There are three from same seller on at once, 84 indy with low miles and 21k miles 87GT, on right now.  He said he's thinning the herd.  He has sold over 40 cars on bring a trailer.  Leary of a sight unseen purchase but I've done it twice before and wound up OK but both cars were worse than i'd have liked, and not sure I would have bought if in person but I still have one of them 13 years later and should have kept the other.

[GTRS Fiero]

Hmmm.  A Formula is usually sought after in yellow.  That burgundy one is very sharp.

You could ask one of the Fiero people in AZ to take a look.

[The Art Doctor]

Wife told me I cant buy this one  https://www.ebay.com/itm/312979934102?_trksid=p2471758.m4703  She said "don't you want a nice car for once?"  Seller sent me extra pics, its pretty clean underneath.

I started the bidding at $550.........I need a parts car for a car I don't own yet, right?  I wish I lived out in the country and had room for all this stuff.............

[NoMad]

Where is that one located?

[The Art Doctor]

Homosassa, Florida about 6 1/2 hours from Atlanta.   I told myself I would not buy another project but this is so tempting.  It was $1800 buy it now or opening bid of $549, so I threw $550 at it to kill the buy it now and watch and see what it did.  I never thought $550 would buy it, but if randomly it did how could I go wrong.   It was bid up to $810 but is now down to $619, must have had a retraction or a canceled bid.   If one of you wants/needs it, speak up and I wont bid anymore.

[The Art Doctor]

This is the same white one from above.   https://www.ebay.com/itm/1988-Pontiac-Fiero/193338462063?hash=item2d03decf6f:g:mAgAAOSw1BxeQIcs

It is the same car but a fipper is re-listing, it was on FB marketplace for a few weeks after being on CL for a month, owner told me he sold it two weeks ago.  He wanted $3200 for it, not sure what he got for it.  I just did not like the interior color at all and that is what put me off from making a go for it.

[Raydar]

Larry, I saw your comment on Bring A Trailer. I didn't realize that you had bid on it.
I thought about it too (it was at $5300 when I left work) but it eventually went for $7900, I think.
No way I could have kept up with that. But it wasn't happening anyway. If I had bought it, I'd have had to sleep in it.

[The Art Doctor]

The crap one in FL brought only $619, bargain or not?

The one in TX with the orange paint ended with a win of $4980. I have a sneaking suspicion the last bet was too much by a secondary bidder and it will be relisted, But I could be wrong. It is possible that someone got a good price on a customized car that didn't have wide appeal because of it.  $5000 does seem to be going rate for these things.

The three on BaT went pretty high or not depending on how you'd look at them.  I had approval on the Formula for a total cost with collecting and buyers premium of $7,250 by the boss lady.  She even told me this morning she could see herself in it at the kids carpool.  It went for $7900+5% premium.  With the cost of a flight to CT to collect it it was just a bit too much for us.   

There will always be another.  The search continues.

[GTRS Fiero]

The $7,900 selling price was certainly reasonable.

[The Art Doctor]

I never actually put a bid on it.  My intent was to watch it to the end and place one if I was in range, it went right on past.  But not by too much.  We just felt it really probably was too nice to put into regular service (which is what we want to do) which would have killed the premium we were paying for low miles and the fine condition.

I do not think it was out of line, it was a very nice car with very low miles.  Try and find a used car at a lot with 40k on the clock and see what it will cost.  Our VW was used and had 45K and cost us $14,000 out the door three years ago.  It is now worth around half that, and in another three it will be halved again and probably be a $3500 car till it gets crushed.  That one should hold its value or depreciate accordingly with use but no where near as bad as a modern car.   For that price though someone is probably going to drive it 1000 miles a year and polish it with a diaper in its heated garage, too bad.

[GTRS Fiero]

I don't get to drive my Fiero often, but bought it with fewer than 50K miles.  I have put about 15K miles on it, in 6 years.  That may not seem like much, but I have driven it round trip more than 28 hours on multiple occasions.

[The Art Doctor]

I messaged the prior owner of the white Formula that is on eBay now.  He let me know he wound up selling it to the flipper for $2500.  Here is part of the down fall of the hobby.  There are so many kids who would love to have that car at $2500 and keep it and use it. 

I don't begrudge someone for trying to earn a buck but look at the Model A folks.  Flippers shot them up, kids (40-somethings are kids in the old car hobby) became disinterested and now you cant get even 8 grand for one anymore when 16 was the going rate 5-8 years ago.  People keep asking 16 becuse that is what they (or their departed dad) paid and they don't sell because the flippers are gone as they know they cant get 20 and have moved on to screw up another old car market.  When A's go from 8 back to 5 hobbyists will start buying them again and the flippers will come back in and scoop up ones at 4 and try to make them 6 and start it all over again.

Have the Fiero's hit bottom?  Is interest rising?  How much is he going to make on this one?  Will he be stuck with it or selling at minimal gain?  Should I have bought it and flipped it(totally not my style)?

At $2500 I could have lived with the tan interior.........for a while. Ugh.

[The Art Doctor]

The white one  hit $2800 and the reserve fell away.  They have probably just broken even with the eBay charges.  Now to see where it goes from here

[The Art Doctor]

The white one goes off in an hour on eBay.  Its at $3500.  I just do not love it that much, but it is hard to pass up.  I will watch till then end to see where it falls.

EDIT:  I sat there on the end of the bed phone in hand wife at my side, I knew the $3500 was both bidders top bid as both were equal and tied based on who was first.  We just kept looking at the pic of that tan interior and shaking our heads.  Michelle saved me from myself, took the phone away and watched the seconds tick off.  $3501 would have got it, I let it go.  There will be another and now I know it must have a grey interior.

If I could find a Formula in this shape I'd be hard pressed to pass it up, even if it is an auto.  https://www.ebay.com/itm/1986-Pontiac-Fiero-GT/352969931999?_trkparms=aid%3D111001%26algo%3DREC.SEED%26ao%3D1%26asc%3D225086%26meid%3Dc108682abfa24410bfe639e03ec0bca8%26pid%3D100675%26rk%3D4%26rkt%3D15%26mehot%3Dpp%26sd%3D193338462063%26itm%3D352969931999%26pmt%3D0%26noa%3D1%26pg%3D2380057&_trksid=p2380057.c100675.m4236&_trkparms=pageci%3A8720c644-5110-11ea-a34c-74dbd180df9b%7Cparentrq%3A503df1081700a4b7b72843c1ffd52456%7Ciid%3A1

Cruddy cell pic in a dark garage but you can tell from the auction that it is quite a nice car.



What do you think it will go for?