The Speculator: This 1973 Olds Omega Is For Sale, The Asking Price Is Optimistic, The Information Is Hopeful

The Speculator: This 1973 Olds Omega Is For Sale, The Asking Price Is Optimistic, The Information Is Hopeful

We actually kind of dig this guy’s angle. If we were in the position to be selling a brown-ish 1973 Olds Omega with a decent number of options we’d be pulling out all the stops as well. If the car had some visible rust and tired paint, we’d double down on our efforts like this seller has done. We’re struggling with the asking price which seems really high to us despite some factors that would normally bump it a little. This is a V8, factory floor shift car, and that is cool. It IS far more rare than a Nova of the similar vintage but we’re not sure that warrants the Barrett Jackson level asking price.

In 1973 Olds made about 60,000 Omegas. This sounds like a lot but when you consider that Chevrolet built 369,000 Novas, you can see that these are (as the seller claims) far more rare than the machine that inspired it. We dig the vinyl roof, we dig the hatchback style trunk lid, we dig the fact that the car has the optional 350ci Rocket V8 (the only V8 option available) and lastly we like that it is generally clean.

The seller claims to have driven this car on a multiple hour trip back to his house so we think it is reliable but we just do not see this as an $8,000 car. Do you? Maybe we have it all wrong here but it’s a $3,500 car all day long and ten times on Sunday we just think the ask is strong.

The guy’s confidence is great as well. He tells us what the grades the car and tells us that he does not believe there are many 1973 Olds Omega examples left on the highways and byways of America. All admirable thoughts but none of them really backed up by facts. Harsh? Nah. Honest? Yes.

CL Find: This 1973 Oldsmobile Omega is for sale…just bring ALL the money

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11 thoughts on “The Speculator: This 1973 Olds Omega Is For Sale, The Asking Price Is Optimistic, The Information Is Hopeful

    1. HotRodPop

      Paint bubbles make me nervous. Maybe nothing… Or, may be able ta stick yer head through it when yer done!

    1. Danno

      Another example of the owner of an average old car who’s expectations have been inflated by watching TV auctions. Unique or rare? Perhaps but so what? They only sold a fraction of these cars compared to the more popular Novas for valid reasons. Those reasons are still valid today. “One of however many” is only a valid consideration for increasing the value when the car being considered is valuable as a collectible on its own apart from the uniqueness. As an example a 1974 AMC Hornet might be a rare car today but so what if no one gives a crap about the car.

  1. RockJustRock

    85K miles, too many for no significant rebuilding from that era. ’73 bad year for sheet metal on ANYTHING. $8k it might rattle, burn oil and need body work. Rebuilt suspension and driveline and more detail on metal condition needed to prove above average.

  2. 1970wildcat

    What would be the right price for this rare car if it were fully restored with a 10.0 compression motor?

  3. C.M. Bendig

    Some Oldsmobile owners think any Olds is a high value car. Then add TV auction syndrome on top of that. I looked at one years ago, at the local swapmeet. 73 or 74 Green V8 Omega. Owner thought it was worth $10k, I was looking at a $900 dollar bondo-buggy (gallons of filler in it).

    That Omega is going to need fender dog legs and lower quarters. looks like it already has bondo in it rust bubbling out. The unknown crap paint will have to be sanded off completely or modern paint with react with it. Turning in to a head-ache of crush-it scale.

    $3500? Not in my Book $2,000 tops. Put $12,000 in interior, body work and paint. You could have a $11,995 car.

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