NEW! Award 40: 1965 Pontiac Bonneville Convertible Original Owner – Sold?
April 30th 2020 Update: Nearly eight months ago when we first featured this highly optioned, unique ’65 Bonneville for sale we commented, “Only time will tell whether a buyer will come forward willing to pay what the original owner wants.” Well, our thoughts at the time have been confirmed: his asking price well above any price guide means his car sat another winter in his garage. So, what does he do now that its Spring, much of the Northeast U.S. is shut down due to a Pandemic and he lives near the northern border of Vermont? Why post the car again with a two thousand dollar increase! The first time we featured this car we avoided handing out our “NEW!” (short for “No Effin Way!) Award as it’s clear there is a well-deserved 55-year long emotional attachment to this car. However, eight months later and we’re not as kind.
While the Hagerty Insurance #1 “Concours” estimate for this car remains at $54,300, we noticed in the hard copy edition of the NADA Guides Classic, Collectible, and Muscle Car Appraisal Guide, the “High” retail value for January-April 2020 is $67,400. However, in the latest May-August edition that likely hasn’t made it to northern Vermont yet, the “High” value decreased to $66.700. Semantics. While this Bonneville is a highly optioned, driver quality, mostly nice preserved survivor that’s worth $40,000-$45,000 in its current state. We’re willing to bet the first person who actually drives to northern Vermont with an empty trailer in tow and $40,000 cash in their pocket will head home with a thin wallet and a trailer full of Pontiac.
Our original post (with updated links) from September 12th 2019:
Originally posted in September 2019 on Craigslist in Newport, Vermont is this Black over Red leather, 60K original mile, highly optioned 1965 Pontiac Bonneville Convertible being sold by the original owner boldly stating he is the only person who has ever driven this car. Asking $65,900, the original owner hopes to find someone willing to pay nearly $12,000 more than the Hagerty Insurance Online Valuation Tool’s #1 “Concours” value of $54,300. While the original owner sites this similar car sold at Russo & Steele in Scottsdale in 2017 for $90,200, we note that 10% of that price is actually the buyer’s premium the traditional auction houses insist on listing to artificially inflate values. Additionally, said Russo & Steele car was fully detailed, was equipped with factory air conditioning and full-length console, and could be driven to any Antique Automobile Club of America (“AACA”) event and likely win you a Junior Award on your first try. While we love the provenance of his car, the reality is that he has a wonderful survivor with a non-factory Cherry Bomb dual exhaust and under dash aftermarket gauges combined with the need to spend the winter completely detailing it to get it close to warranting the money he is asking for it. While we get in this example there is a balance between original provenance and the ability to show the car, we struggle with the owner’s assertion his car is worth more than a Concours ready example. Only time will tell whether a buyer will come forward willing to pay what the original owner wants.
All that said, we loved reading the original owner’s description of his beautiful car as it’s a great example of a loving owner wanting to find the next caretaker for a car he’s owned since new. Enjoy:
“1965 Pontiac Bonneville Convertible, MUSCLE CAR, Black with red interior, one owner, one driver, no one else has driven this car but me. I took a train to Detroit Michigan and drove the car home when I was in my senior year of college. It has the 421 engine, 338 hp, 4 barrel Carter Carburetor, 4 speed Hurst transmission on the floor, factory tachometer, 8 lug wheels with air-cooled brakes, positive rear-end traction, dual exhaust, 6-way power seats, power windows, a glass back window, power top, power antenna, leather seats, AM/FM radio with rear speaker, original spare tire, The outside and inside of the car has never been touched, the motor has never been touched, It is completely factory stock. It has 60,000 miles and I put approximately 100 miles a year on the car driving it only in the summer and storing it in my garage when not in use. I’m retired and downsizing. I’m giving someone else a chance to own this beauty.”
If you are willing to pay his price, we have no doubt this will be a wonderful and well-optioned Bonneville that will be a great cruiser everywhere you drive it. Good luck with the purchase!
Do you have a Pontiac Bonneville story you’d like to share? Comment below and let us know!