NEW! Award 78: 1979 Chevrolet Silverado K10 Short Bed – Sold?
January 20, 2022 Update – While this “Classifind” expired recently, given the seller’s past history we suspect may not actually be sold yet. For now, we’re labeling this ride “Sold?” However, we will keep an eye out for an updated listing. In the interim, please reach out either by email or call Rudy directly if you’d like to be informed when we come across something similar.
December 27, 2021 Update – After a nearly three-month hiatus, we just spotted a fresh listing for this restored 1979 Chevrolet Silverado we first featured in August 2021. The current asking price now stands at $35,000, which is a humble reduction from when they started at $42,500 this past summer. At $35,000, the asking price is now in line with the hammer price, less the ten percent buyer’s premium, paid when the truck was bought at the 2017 Barrett-Jackson Las Vegas event.
October 11, 2021 Update – We just confirmed the listing for this “Classifind” expired, so with no replacement found we’re assuming this ride “Sold?” unless we come across an updated listing.
September 20, 2021 Update – In an odd move, the private seller increased their asking price back up by $500 to $40,000 when they posted a new listing for the one about to expire.
August 18, 2021 Update – In a fresh listing, the seller oddly just increased their asking price by one thousand dollars to $39,500.
August 15, 2021 Update – The private seller of this nicely restored Chevy K10 just lowered their asking price by four thousand dollars to land at $38,500. While that is a nice reduction, it’s still five thousand more than what they paid four years ago when the truck was freshly restored.
When we spotted this well-optioned and rotisserie-restored 1979 Chevrolet Silverado K10 originally listed in July 2021 on Staten Island, New York with an asking price of $42,500, our eyes watered. However, the Hagerty Insurance Online Valuation Tool confirms the private seller has their K10 priced one hundred dollars below this guide’s #1 “Concours” appraisal of $42,600, so while the asking price falls within pricing guidelines, we’re still awarding the seller our “NEW!” (short for “No Effin Way!”) Award. Here’s why.
As we write frequently, the Internet never forgets, so when one of the pictures provided in the ad showed a Lot Number on a summary sign, we went digging online. Sure enough, this truck sold in October 2017 at the 2017 Barrett-Jackson Las Vegas auction for the listed price of $37,400. However, Barrett-Jackson likes to pad their sale results by including the ten percent buyer’s premium (Guys With Rides does not practice this policy) and it’s safe to say this truck’s hammer price was $33,500 in 2017 for what appeared to be a fresh restoration at the time.
Fast forward nearly four years later and the seller appears to have added 1,700 miles. Despite such few miles, the seller felt the need to add new wheels, tires, and aluminum exhaust. Those are hints the seller used the truck so at best it is only worth what they paid for it. Yet, the seller added miles to a four-year-old restoration and now expects someone to pay nearly ten thousand more for someone to buy it. We love the color, condition, and highly option content of this truck, but not for $42,500. If you want Barrett-Jackson money, you need to resell it at one of their venues rather than expect it on Craigslist. However, keep in mind the auction company takes ten percent back from both the buyer and the seller.
Here’s the seller’s description:
“1979 Silverado Barrett Jackson Rotisserie Restoration 400 SB, Automatic Trans, 4×4, PS, PB, PDL, PW, Cruise Control, A/C 134A, 1700 miles since Resto… New wheels and Tires, New Aluminum exhaust.”
Fair price or NEW! Award: Do you agree with our assessment or not? Comment below and let us know!