The collectors are laser focused on just a few years and models. I like the prices on 64-68 or 71-73 mustangs, any cougar and 67-69 barracudas. Every musclecar owner back in the day wished they had a corvette but look at how cheap post 67 vettes are. The mustangs, camaros and corvettes from the 80's and up are even cheaper.
bravenrace wrote:stuart in mn wrote: There have been a number of bubbles in classic car pricing over the years, but I don't think we're in one now. If that Chevelle is as good as it's represented $38k is probably not a bad price. Chances are it would have been a lot more expensive back in 2007.This. Prices of musclecars have actually come down a lot in the past couple years from what they were in 2007-2010.
And alot of the "Investment Snobs" lost their asses on the mega money mopars.....oh gee, I wonder why....
Working at the mecum auction, I have become attuned to being able to tell an enthusiest car apart from an investment car. The enthusiest car has a full tank, a good battery, runs properly, and even if it is a pile of berkeley, it will still get me from the parking area to the block and back. The "investment car" will start perhaps 1/5 of the time at random, overheat, flat tires, have no gas in it despite miraculously having a fubar'd carb on it.....It makes me sad, and I wish I could make those people disappear. 
stuart in mn wrote: There have been a number of bubbles in classic car pricing over the years, but I don't think we're in one now. If that Chevelle is as good as it's represented $38k is probably not a bad price. Chances are it would have been a lot more expensive back in 2007.
That was my thought. It already did burst and this is the post-bubble price.
Woody wrote: The bubble will burst when kids who think that *Fast and Furious* was a classic are in their late sixties.
Imagine how much they'll be paying for '68 Chargers - especially in black with a blower through the hood.
In reply to MadScientistMatt:
Is that what year it was?
I think that prices for the most desirable muscle cars will settle near the cost of building a dynacorn (or similar) replica. I am guessing this is$30-50k(?). The exception will be the instances where buyers are primarily concerned about the VIN.
yamaha wrote: In reply to MadScientistMatt: Is that what year it was?
No... the FnF Charger was a '70, the wrap-around chrome grill is the give away.
did anyone ever think that car collector guys are not very smart, just think about it, we spend rediculas amounts of money on an old worn out vehicles.
is that really smart? once talked to an old rich lady, and she asked how can an old car be worth more than a new car, it put me off guard, didnt know what to say, she was just using everyday logic!
she said when car is couple yrs old,trade it in and buy a new car, boy, that is just to logical for me.
altho she had a legitimate point!
thats why we call our toys-TOYS, not much money to be made, unless of course you are a business person, and looking to make money from our passions!
toys are for children, OOPS,some day i may grow up.
"what fools these mortals be"
ronbros wrote: toys are for children, OOPS,some day i may grow up.
I hope I don't! I'd rather be a happy old man, which I am, than a rich old man, which I am not!
In reply to ronbros:
They're just like antiques or artwork, or many other items that people collect. They have emotional value, which makes them more valuable than the same item new. It's not restricted to car collectors.
ronbros wrote: ...she asked how can an old car be worth more than a new car, it put me off guard, didn't know what to say...
Supply and demand. There is a limited, sometimes small number of old cars available. Some people like them. Depending on the ratio of the above, the price can exceed a new car price.
Obviously, some of the prices seem to defy supply and demand a bit. At that point I think you are getting into a somewhat twisted investment pyramid scheme kind of thing.
In reply to yamaha: "Working at the Mecum auction...:? That's cool. Were you the guy behind the wheel(driver or otherwise)? How do you get a gig like that?
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