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1966 Satellite. Hemi 4spd SOLD ???? #2992375
12/05/21 07:41 PM
12/05/21 07:41 PM
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It's a dry heat
gtx6970 Offline OP
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If this sale is real. Im not sure what to say.

But.....WOW.... someone wanted this one bad.
https://www.premierauctiongroup.com/vehicles/5747/1966-plymouth-satellite-hemi-hardtop

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: gtx6970] #2992379
12/05/21 08:04 PM
12/05/21 08:04 PM
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Germany
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fc7_plumcrazy Offline
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a 68 Hemi RR sold for 85 and a 69 Hemi GTX for 107k.
These prices are in line.

The price for the Satellite not. maybe a family related thing?
Looks like "garage fresh"

Carsten

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: fc7_plumcrazy] #2992394
12/05/21 09:20 PM
12/05/21 09:20 PM
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Posts: 20,156
It's a dry heat
gtx6970 Offline OP
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I would love to know the story behind the winning bid.

I was thinking mid 40s to maybe somewhere in the 50s tops.
At least based on the pictures show
I was floored when i opened the listing this morning

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: gtx6970] #2992402
12/05/21 09:49 PM
12/05/21 09:49 PM
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Bend,OR USA
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Cab_Burge Offline
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Originally Posted by gtx6970
I would love to know the story behind the winning bid.

I was thinking mid 40s to maybe somewhere in the 50s tops.
At least based on the pictures show
I was floored when i opened the listing this morning

i wonder if it was sold intercompany to make the news that it sold to fool the general public work


Mr.Cab Racing and winning with Mopars since 1964. (Old F--t, Huh)
Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: Cab_Burge] #2992420
12/05/21 10:53 PM
12/05/21 10:53 PM
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Kirkland, Washington
Pacnorthcuda Offline
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I would think 70k tops. And I wouldn’t pay that.

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: Cab_Burge] #2992463
12/06/21 08:49 AM
12/06/21 08:49 AM
Joined: Jun 2003
Posts: 20,156
It's a dry heat
gtx6970 Offline OP
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Originally Posted by Cab_Burge
Originally Posted by gtx6970
I would love to know the story behind the winning bid.

I was thinking mid 40s to maybe somewhere in the 50s tops.
At least based on the pictures show
I was floored when i opened the listing this morning

i wonder if it was sold intercompany to make the news that it sold to fool the general public work


if that were the case. They had 2 other hemi cars that would be much more believable sold for near this kind of money . a 1968 Roadrunner and a 1969 GTX

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: gtx6970] #2992481
12/06/21 09:46 AM
12/06/21 09:46 AM
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Virginia's Eastern Shore
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dmoore Offline
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Damn, Someone let that one go down hill!

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: dmoore] #2992495
12/06/21 10:25 AM
12/06/21 10:25 AM
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Someplace you aren't
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SomeCarGuy Offline
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Doesn’t seem real. Plenty other cars to buy at that price. It’s not even nice or a superb survivor.


I want my fair share
Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: SomeCarGuy] #2992531
12/06/21 12:14 PM
12/06/21 12:14 PM
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So Near, Yet So Far
topside Offline
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That's baffling.
Yeah, I'd say $122K is easily double an all-the-money price for the car...either a typo, or somebody REALLY wanted that specific one...

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: topside] #2993769
12/09/21 07:45 PM
12/09/21 07:45 PM
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Minnesota
Hemi_Joel Online content
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All it takes is 2 bidders who won't give up. But it looks like a great car. Long term, the buyer won't get hurt, IMHO. BTW, it's an H code, not an R code like the auction description says.


[img]http://i.imgur.com/boeexFms.jpg[/img]
31 Plymouth Coupe, 392 Hemi, T56 magnum
RS23J71
RS27J77
RP23J71
RO23J71
WM21J8A
“Never argue with a fool; onlookers may not be able to tell the difference.” – Mark Twain
"Stay away from negative people. They have a problem for every solution."
Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: Hemi_Joel] #2993781
12/09/21 08:11 PM
12/09/21 08:11 PM
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Denver, CO
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BigBlockGTS Offline
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Originally Posted by Hemi_Joel
All it takes is 2 bidders who won't give up. But it looks like a great car. Long term, the buyer won't get hurt, IMHO. BTW, it's an H code, not an R code like the auction description says.


Joel- you think that car can be bought at $122K refurbished/restored and the owner not get hurt? I certainly respect your opinion which is why I'm asking but that seems like a lot of appreciation even looking way down the road and allowing for general inflation. I think things settle out over the next several years as people who want a muscle car of that type are likely a diminishing group.

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: BigBlockGTS] #2993826
12/09/21 09:20 PM
12/09/21 09:20 PM
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Minnesota
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Long term, I'm thinking 20+ years. A lot can happen. Historically, inflation trends erase overpayment on good stuff. Not always though. But I predict huge inflation. It seems to me that this is a worthy enough car that it will always be wanted. Maybe I didn't look close enough, but I didn't factor in restoration. Just a puff& buff, then enjoy.

In 1977, I paid$1000 for my 48 Plymouth convertible. I was told by many that I overpaid by a bunch. I still have it, time cured the overpayment by several-fold.

Who knows though? I wouldn't have paid that, no way!


[img]http://i.imgur.com/boeexFms.jpg[/img]
31 Plymouth Coupe, 392 Hemi, T56 magnum
RS23J71
RS27J77
RP23J71
RO23J71
WM21J8A
“Never argue with a fool; onlookers may not be able to tell the difference.” – Mark Twain
"Stay away from negative people. They have a problem for every solution."
Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: Hemi_Joel] #2993939
12/10/21 08:17 AM
12/10/21 08:17 AM
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TX/GA/WI
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Bob Stinson Offline
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Wishful thinking has already missed the boat. I'm no investing expert by any stretch, but buying high is never a good strategy. I watch the TV auctions and think "those poor bastards will never get that money back".


69 road runner A12 ex-racer
71 Duster w/ a 400
Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: Bob Stinson] #2994051
12/10/21 02:20 PM
12/10/21 02:20 PM
Joined: Jun 2003
Posts: 20,156
It's a dry heat
gtx6970 Offline OP
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Although anything can happen down the road but as far as value is any ones guess.

BUT IMO 122k is way way to much for this car . ALTHOUGH I said the same thing many years ago ago when I could have bought a A4 silver with red interior 1969 GTX , Hemi 4 spd for 25k, I thought the guy was nuts and passed

I would LOVE to know the story on how or why it got bid up so high when same auction 2 other Hemi car could have been had for approx 100K
But will say black with red int combined with Hemi and 4 spd are pretty much top dog to most . A friend of mine was interested in the car and we both felt mid 50s ,,,MAYBE 60k would have been about right. But never in my wildest dreams would have said it sell for 122k

I know of a 66 Hemi satellite vert that can be had for less than that. with a bunch of NOS parts to go with it . I would like to have ,,,but its out of my budget

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: Hemi_Joel] #2994531
12/12/21 09:40 AM
12/12/21 09:40 AM
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VA
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dragon slayer Offline
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Originally Posted by Hemi_Joel
Long term, I'm thinking 20+ years. A lot can happen. Historically, inflation trends erase overpayment on good stuff. Not always though. But I predict huge inflation. It seems to me that this is a worthy enough car that it will always be wanted. Maybe I didn't look close enough, but I didn't factor in restoration. Just a puff& buff, then enjoy.

In 1977, I paid$1000 for my 48 Plymouth convertible. I was told by many that I overpaid by a bunch. I still have it, time cured the overpayment by several-fold.

Who knows though? I wouldn't have paid that, no way!


Not the best way to look at this. APPRECIATION like in the housing market right now is the way you make money. If it APPRECIATION in a low inflation market, even if that occurs a few years/decades down the road. That is real profit. Inflation may give you back your dollar amount, but it bought more back then, than it does the day you sell it. The dollar is not worth the same.

The sale price may have been 122K, but the selling price could have been lower. Too many 66 hemi cars in very nice driveable condition for under 60 and even 50K come up for sale.

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: dragon slayer] #2994568
12/12/21 11:18 AM
12/12/21 11:18 AM
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N.Y.
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it maybe thought to push the price of these cars up. lets see if it works. time will tell.


Hell Hath No Fury Like Mine
Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: dragon slayer] #2994624
12/12/21 01:18 PM
12/12/21 01:18 PM
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Posts: 20,156
It's a dry heat
gtx6970 Offline OP
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Originally Posted by dragon slayer
Too many 66 hemi cars in very nice driveable condition for under 60 and even 50K come up for sale.


Where ??????
I know 2 guys on the hunt. and we cant find anything that is a presentable running driving car for under mid 60s

I saw a clone recently listed for mid 60s and it was gone in a few days so odds are it brought full asking price or close to it

I saw a blue 66 Belvedere a while back for $55 but now I cant find it .

ps,,,,Mine is a 66, and Ive turned down 75 for mine ,,,,,,,TWICE ( not for sale )

Last edited by gtx6970; 12/12/21 01:19 PM.
Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: gtx6970] #2994766
12/12/21 09:57 PM
12/12/21 09:57 PM
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SomeCarGuy Offline
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The early hemi cars were left sitting just a few short years ago for 50k or even less in a few cases. No more.


I want my fair share
Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: SomeCarGuy] #2995138
12/14/21 12:38 AM
12/14/21 12:38 AM
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There you go appreciation, may be on the upswing again. I think some one just got a nice one out of TX around the 50 mark.

Re: 1966 Satellite. Hemi 4spd SOLD ???? [Re: dragon slayer] #2995590
12/15/21 06:35 PM
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