1963 Avanti R2, 63R1003, Avanti number 3 is for sale

[Mark L]

The third Avanti sold to the public, 63R1003, is available.  It was donated to the Studebaker National Museum, and the museum is now auctioning it through the Hagerty Marketplace with no reserve:

 

https://www.hagerty.com/marketplace/auction/1963 -Studebaker-Avanti/a674bfb8-d821-492c-97ff-496058ccb07a

 

The car is pretty rough.  White with orange interior.  289 with serial number RS1003. Body 63RQ 105.  4-speed manual transmission, power steering, power brakes, twin traction, aftermarket AM/FM radio. The supercharger was removed at some point and replaced with air conditioning. 

Edited January 28 by Mark L

[wapanzica]

Just sold for $22,096.  

[aardvark]

Man... That car was a mess. 

I'm uncertain if it's rarity is worth that price. Car #3 was without actual firm verification (according to the seller)

Avanti History shows 1 Avanti "63' that sold for $110k. I don't know what was special about that particular car. ... Most sell in the $30-40k range with some at far less. Does the rarity and the $22k price support likely a $40-50k restoration to bring this car near that level of value?

Seems like a risk to me.

[Gunslinger]

$22k purchase price + $40-$50k restoration price = $30-$40k retail value.  The math simply isn't there.  That could be adjusted if the buyer of capable of supplying his own labor at no cost...but still...it simply proves it's far cheaper to buy an Avanti already rebuilt than think a project car will be profitable.  

[Footer]

Whether the math adds up or not I’ll give the guy kudos if he can bring back a rare Avanti. I didn’t buy mine to make money on it, I bought it because I always wanted  one after I sold my R1 64 Daytona. Hopefully the new owner is going into this with his eyes wide open-he definitely has a big challenge on his hands.  Mike

[aardvark]

I'm looking at this from strictly a $$ figure. 

I really have no choice in my purchases.  reason being is ANY vehicle in my life is a financial decision, and allows the ability to move on to the next purchase. No big bank account here, no financial windfalls, no lotto winnings... Just an average Joe trying to make ends meet.   So when I buy or take on a project there can be no losses.  

That doesn't mean I'm not a total Auto Freak..That was inbred into me. I own a number of vehicles (5 collectors and 2 dailies). The Dailies I run to death and their usage pays for themselves. The Collector stuff is a Business Transaction, and I don't like to lose in Business.

On this particular vehicle? It's a Crap Shoot.  There will be 1 to 2 years of resto... what is Your time/labor worth? ... Next is the parts list... Massive.

To someone with the perfect Shop Setting, it may pay off.  To me,, Not a chance in Hell.

..........

I might add, People who restore out of Love, end up losing at time to sell. Instinctively they are even aware of that fact.

I'll be first in line at time to buy.

 

Edited Saturday at 07:16 PM by aardvark

[aardvark]

Gun...

I bought my '63' last year for $16k. Condition is a 8-9 out of 10.  It has 89K on the clock..  I have a few $thou in it and still have a power steering leak.

It's NOT #3..but a good survivor.

I don't do major resto's anymore at age 70. I buy em right and when tired of em... sell em. It's all a Business Transaction and I LOVE This Car.

So someone else put the money in this vehicle, and I paid near full asking price. Both parties were happy. 

Edited Saturday at 07:36 PM by aardvark