Grizzly for sale

[maple_leaf_eh]

USD $480,000 (Reserve Not Met)

That is an impressive show of brass by the seller.

This kind of pricing validates one market segment I've mentioned before. There is a French company, www.http://www.balmoralgreen.com that has built rolling, driving Shermans from scrapyard relics and burnt out range hulks using modern automotives. Externally they are Shermans, but internally there is a bus engine, automatic transmission and hydraulic controls.

As we see now, the market holds a Sherman's value at half-million dollars, a rejuvenation budget of half a million is a lot of wiggle room. IMHO, that give potential buyers who value driving their tanks more than admiring the 100% originality of the restoration, an opportunity to get into the game.

[Tony Smith]

Originally Posted by maple_leaf_eh

USD $480,000 (Reserve Not Met)

That is an impressive show of brass by the seller.

This kind of pricing validates one market segment I've mentioned before.

As we see now, the market holds a Sherman's value at half-million dollars, a rejuvenation budget of half a million is a lot of wiggle room.

"A rising tide lifts all boats in the harbour".

The value of M3 Lee projects seem to have risen accordingly:

https://www.ebay.com.au/itm/WW2-US-T....c100276.m3476

[Mark Cornwell]

The M3 comes with years of hard work but at least it has some spades....to dig your own grave

[lssah2025]

This tank was for sale for the longest time at $275,000, it appears the interior was only resprayed and some of the British bits taken out, someone must have picked it up and is trying to make a lot more money on it, supposedly the reserve was raised during the auction..

[Hanno Spoelstra]

Originally Posted by lssah2025

This tank was for sale for the longest time at $275,000, it appears the interior was only resprayed and some of the British bits taken out, someone must have picked it up and is trying to make a lot more money on it, supposedly the reserve was raised during the auction..

Taking into account it was on sale for a long time, I reckon the current owner got this Grizzly for roughly half of what was bid at auction. Factoring in the cost of transportation and the spruce up, that 480k could have been a nice and quick return on the investment with a nice margin. He will now have to wait till the next bidder with even deeper pockets to come along...

[daninnm]

I think a lot of those "No Sale" high reserve auctions generate after-market negotiations and sales. Will be interesting to see who shows up with it in the coming months...new owner? old owner?