This better be at a reserve auction! Great work, i cant wait to make a post like yours in a few weeks.
Onesprung60: 1967 FJ40 Frame Off Restore
- Thread starter onesprung60
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It is a darn shame that you are selling it, but I do understand why.
Two things...can you please give us more feedback on the brake master?
and,
I think making this a "no reserve" auction might be a mistake, but hey, you have to do what you think is right for you.
Why didn't you go with the other big auction place? They sold a 45LV a year or so ago, and I think got around $70 or $75 grand for it.
Two things...can you please give us more feedback on the brake master?
and,
I think making this a "no reserve" auction might be a mistake, but hey, you have to do what you think is right for you.
Why didn't you go with the other big auction place? They sold a 45LV a year or so ago, and I think got around $70 or $75 grand for it.
- Thread starter
- #203
I am very happy with the brake master upgrade. Pedal travel and pedal feel is great; very firm braking action and the added security of dual circuits.
Install was pretty easy as well and the big thing for me was that no firewall modifications are necessary to fit it. You will need to drill new holes for the brake master mounting as it is a slightly larger bolt pattern, I ran the new brake line along the firewall and down to the fitting on the passenger side frame rail, and you need to shorten the brake pedal push rod by about 1/4". It looks nearly factory, has the same bore diameter and is easy to find as its from a very common Toyota. If/when I build another early truck I wouldn't hesitate to use this brake master.
Believe me there were a lot of late nights researching and trying to decide which way to go. I thought about a private sell, ebay, hoping for a rich oil baron to call me out of the blue; but ultimately, think Russo will be the best for me. The auction is across the street from Barrett Jackson, so most buyers will "shop" at both auctions. It would have been cool to have a car at Barrett, but they are considerably more expensive to sell with. There is an entry fee that you pay to buy your selling time, so the better times cost more money, and a much higher commission; which means the truck would have to sell for a lot more money for me take home the same amount. Russo has no entry fee and a lower commission, also they don't sell auction times. They decide when each entry will cross the block based on expected selling price, which should help you sell for the highest price. You could imagine that even if I bought a great selling time, but there are million dollar cars before and after me, those guys probably have no interest in an old Land Cruiser, so there may not be as many bidders.
As for no reserve, if your going to go in, why not go all in. Doing some research, vehicles with no reserve sell for a higher price; and all the auction companies will confirm that. Its a psychological thing for the bidders that a no reserve vehicle is going to sell no matter what, and bidders begin and continue bidding knowing that they could take the car home. Not to mention that reserve auctions also have a much higher commission. I have quite a bit tied up in this, but I am confident I will not lose money on it; that does not include any of my labor, but I didn't do this to simply make money, I wanted to build the best truck I was capable of and the auction just made the most sense for me as a place to sell at.
This could all be famous last words and I could lose my shorts, but I am confident it will work out; either way I have enjoyed the build.
Thanks for the master feedback
Well, the rest sounds logical. I sure hope you do well, as you did a great job. If nothing else, you'll be that much more prepared if and when you buy another older 40 to restore...and I'll be sure to follow along on that thread as well
Good luck! Have you watched fast n loud (gas monkey)?
Ive been fascinated with the shows that show the true gains and losses in restoring a car and selling privately and at auction. Most every other show discounts their labor investment and does not include that when they quote their profits and losses.
Ive been fascinated with the shows that show the true gains and losses in restoring a car and selling privately and at auction. Most every other show discounts their labor investment and does not include that when they quote their profits and losses.
I really hope you break even at the very least. Otherwise, I can't imagine why you wouldn't just keep it for yourself. Although I guess it's what they call a "sunk cost".
It seems you had the right attitude about the restoration: you did it for the enjoyment of the process rather than the enjoyment of the result. I think that mentality will always produce the best result in the end, regardless of whether you plan to keep the rig for yourself. If you're only focused on the result, you're more likely to get impatient and cut corners.
Really inspiring! well done. If you don't mind, it would be great to hear back on the sale price once it's all said and done.
It seems you had the right attitude about the restoration: you did it for the enjoyment of the process rather than the enjoyment of the result. I think that mentality will always produce the best result in the end, regardless of whether you plan to keep the rig for yourself. If you're only focused on the result, you're more likely to get impatient and cut corners.
Really inspiring! well done. If you don't mind, it would be great to hear back on the sale price once it's all said and done.
Absolutely. I was just saying that I hope he breaks even at a bare minimum.
Excellent job on the resto! It turned out great!
- Thread starter
- #210
The truck is getting close to crossing the block and thought some of you might want to watch it. Its scheduled to cross the block on Friday January 18 at around 2:36 - 2:56.
You can watch it live online here: live.russoandsteele.com
And more info about the truck is here: http://www.russoandsteele.com/collector-car/1967-Toyota-Land-Cruiser/31052
Thanks again for all the compliments, I couldn't have done it without the Mud community and can't wait to start on the next one.
You can watch it live online here: live.russoandsteele.com
And more info about the truck is here: http://www.russoandsteele.com/collector-car/1967-Toyota-Land-Cruiser/31052
Thanks again for all the compliments, I couldn't have done it without the Mud community and can't wait to start on the next one.
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I will be there in person to watch it as I am considering doing the same thing with mine. If I run in to you, I'd like to ask you a few question about the process.
- Thread starter
- #213
I plan to be there tomorrow afternoon and all day Thursday and Friday. I am planning on staying close to the truck. Would love to chat to a fellow mudder.
Thanks
Cool, I'll be the short guy wearing a Landcruiser tee shirt oogling your rig on friday. If your are going to be in town, I would recommend going to Barrett-Jackson on Saturday afternoon-evening. It is a must-see for any car guy.
I was in the audience and was stressing out like it was mine! The bidding started out slow, but finally took off.
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Curious, did the first bid start at $1, or $1000 or?
The auctioneer started at 20K, but backed down to 5k to get the bidding going. Not unusual.
FishTacos
Full Globetard
Onesprung60,
Thank you very much for the excellent documentation of your resto.
I just found a '69 that has a worse body but a good frame. The PO had traded for a boat and thought the engine was seized. Thankfully, he was wrong.
It happens to have a Wagner single circuit break master that I will replace. The solution you found is quite nice and I think I will duplicate it. Thank you for that as well.
Very, very well done. Good luck with the postpartum depression and your next resto which we all expect to see shortly. I will now stand and start with the slow clapping. Tomorrow I will take a bunch of "before" photos of mine.
You have inspired me.
Thank you very much for the excellent documentation of your resto.
I just found a '69 that has a worse body but a good frame. The PO had traded for a boat and thought the engine was seized. Thankfully, he was wrong.
It happens to have a Wagner single circuit break master that I will replace. The solution you found is quite nice and I think I will duplicate it. Thank you for that as well.
Very, very well done. Good luck with the postpartum depression and your next resto which we all expect to see shortly. I will now stand and start with the slow clapping. Tomorrow I will take a bunch of "before" photos of mine.
You have inspired me.
