What is the market value of all 547 GNX's?

[GNregistry]

Question what is the value of all the 87 GNX's built?

Just curious? some are in better condition, some are restoration, but if you were to GUESS, but would be the total dollar value of 547 GNX's today January 2007?

Obviously 547 was $150,000
and #33 91,110
and so on... 20 years later....

Just a guess estimate

 

[TurboRegal84]

Brett,

Tough question! I would venture to guess that the average value for GNX's would be from $65-75,000 considering there are far more LOW mile cars than high mile cars. That would translate into roughly $36-$41 Million for all 547 cars combined.

 

[GregInAtl]

Agreed, most are stock low mile, or stockish..lower mile. Very few got wheel tubs, weld in cages and beat up...also few got totalled, or stolen w/o recovery. Figure 525-530 maybe actually exist really?! Avg price based on, drop highest valued cars...the few 100K+ cars, drop the lowest values ($40K beat street racers w/o papers, or OEM rebuild parts) and meet in the middle....yeah $65K would be close....maybe low, maybe high....but close.
530 cars x $65K is 34,450,000

 

["More Boost"]

oh, alright it's a deal. you drive a hard bargain greg, but i'll take'em. you take paypal, right? LOL What do you think would happen to the value of these cars if someone with some REAL cash decided to buy up the majority of GNX's ? can u imagine what that would do to the price of the others?

 

[2QUICK2B6]

oh, alright it's a deal. you drive a hard bargain greg, but i'll take'em. you take paypal, right? LOL What do you think would happen to the value of these cars if someone with some REAL cash decided to buy up the majority of GNX's ? can u imagine what that would do to the price of the others?

I thought about that 3 years ago right after i bought my GN :biggrin:


If 1 person bought as many as he could, he would have to pay more than fair market value after the word got out what he was doing. Then you have some people who dont need the money so they wouldnt sell their GNX .. GNX's. Therefore you would increase the value of the unbought cars at your own expense.

 

[GNXcess]

Didn't the Hunt brothers try to do that with silver in the 70's?

As I recall, I think it backfired on them in a pretty big way.

I agree that the remaining (unbought) cars would go up in value proportionately-- just like the holdout homeowners along the boardwalk when the Atlantic City casinos were going in.

Guess I'm dating myself with the Hunt brothers reference

Interesting topic, though...

 

[alwndup]

I thought about trying that with 84 GN's when I bought my second one in 1994. After working the figures ($6-8000 ea X 1800 = $10.8 - 14.4Mil), I decided I'd be happy with two.

 

[MISTEROMAN$$$]

A buddy and I were going to try and do this with 1955-D quarters when silver was still low.They were a common date as far as Value was,but when it came to mintage they made very few(2 million I believe).At $.75 each the whole lot would be 1.5 mil.Now obviously some are uncirculated and worth more,but how many got melted in 79 when silver was something like 40X face or whatever it was.Say there are still a million out there,$750,000 isn't that unbelieveable to save over 2 ppl's lifetime.Plus after a while will will create a demand and you automatically profit.Now what the Hunt bros did was almost silly from the get go and I'm suprised they got it as high as it was.Now if bill Gates tried it..........
Derek