I saw someone posted Mecum is at 80% sale rate.

It looks like there were some ok buys. I seen that lot J149, 427/390 Lynndale Blue was was right where it was thought to be, between $80,000 - $100,000. J150 Red 427/435 convert was under the $100,000 - $125,000. And both were with buyers premium.

Just not ready to pull the trigger yet. Will keep making notes and maybe this year we get our '67 427 for a memory of my dad who want to buy one in 1967.

I may think different than most people but I wouldn't care if the bottom fell out of the collector car market, yes and that includes any cars that I currently own. Every time I hear the term "investment quality" I throw up al little in my mouth.

I am not sure I would want the bottom to fall out but it wouldn't disappoint me if there would be a correction downward. All of these prices are just crazy to the point that I hate to jump in on a car that I really want for the concern of will the market continue to hold where it is. It's a little like the stock market we are just waiting for the next dip. The fun went out of it when you have to pay as much for a car as you do for a nice house.

Keep in mind alot of restoration shops would be out of business if the values dropped a bunch.

Too high car prices… too high restoration prices. Vicious cycle. People will pay the high restoration prices hoping for a super high return at the auctions. The casual layman can’t afford the restoration prices so the market has turned into the wealthy owning the market.

I bought a '66 427 roadster last year.. :ooo:

Trying to time the market is a double edged. Those that thought the market would collapse the past 5 years and waited probably regret not buying "that car" and others that continued to buy feel pretty good (at least for now in the present market). Those that purely purchased cars for their passion of the hobby and love of cars are in good shape whether it's high and low because you can go in your garage and admire your car or thrash on it and smile through the gears. Just don't invest your life savings expecting a return. Speculating whether it be in cars or bitcoin it’s a gamble and always keep that in mind.

Is that necessarily a bad thing?

The remaining shops would crank up their prices.