1957 Studabaker Golden Hawk

Re: Appraisal Report:
1957 Studebaker Golden Hawk 2 Door Hardtop Vehicle ID Number: 6100842

Dear Mr. Webb;

In compliance with the recent telephone request we have appraised the 1957 Studebaker Golden Hawk 2 Door Hardtop, located in Templeton, California.

The enclosed Appraisal Report constitutes our detailed analysis of the above referenced vehicle. The Fair Market Value is the opinion of the appraisers and is not a guarantee that the subject vehicle will realize the appraisal value if offered for sale, auction or there is an insurance claim made. This appraisal is not a pre-purchase inspection, mechanical diagnostic or guarantee of authenticity.

The Fair Market Value of the subject vehicle as of the March 29, 2017 inspection date is;

One Hundred & Seventy Thousand & Fifty Dollars ($170,460).

Thank you very much for this assignment. regarding the appraisal.

Very truly yours,

Zachary Romer, Director Automobile Appraisal Association IAAA ID#: 1011250009

Please call if you should have any questions

Identification and Description of Vehicle

Authorized Appraisal

Identification of Vehicle:

Make:
Model Year:
Model:
Body Type:
Vehicle ID Number: License Number: Odometer Reading:

Description of Vehicle:

Studebaker 1957
Golden Hawk
2 Door Hardtop 6100842

CA Black Plate ITN603 83,125 Miles

TR Gold & Arctic White TR Gold & Arctic White

Equipment:

Exterior Color: Interior Color:

Copy of build sheet included in appraisal.

Condition of Vehicle: (Not a pre-purchase inspection.)

Body: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Paint: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Trim: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Bumpers: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Glass: All Intact ------------------------------------------------------------------------------------------------------------ Gaskets/Window Seals: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Wheels/Tires: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Carpets: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Seating: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Door Panels: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Instrument Panel: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Headliner: Very Good to Excellent ------------------------------------------------------------------------------------------------------------ Rear Package Area: Very Good to Excellent ------------------------------------------------------------------------------------------------------------

Mechanical:
The appraiser did not test drive the subject vehicle; however, no deductions have been taken for operability. Rather, credit has been given for a vehicle reported performing with no operational malfunctions.