this looks like a corona discount

Both of the A12 cars were really good cars, Yenko was a good car but still unrestored underneath which is kinda nice to see. This might be the new normal. Without shows like MCACN etc I wonder what high end musclecars would be worth.

Charlie, I'm now 54. I've been following and liking the musclecars since I was 14. I actually TRIED to get the loan for a car (1970 440 Duster at the time) when I was 14. Had to wait till I was 16 and first bought a 1970 440+6 B5 4sp 4.10 Dana Cuda. Did that in late Feb. of '82. That owner was a high steel worker. Went overseas and as of first week of May, still wasn't around. Offered my deposit back and went and offer the guy the $200.00 less then the Cuda for a '68 GTX 440 4sp 4.10 Dana CLONE I did end up buying and owning.

So have followed '69 1/2 A12's some and they were usually DOUBLE what those 2 went for. The yellow '70 Hemi Cuda for well under $100??? Maybe the market is "correcting" (as my financial guys has been saying of that MESS) and hopefully the cars can be more affordable to actual car people and not just an investment to collect dust and $$$ somewhere.

The 1966 Hemi Coronet i posted sold for $37,000 before fees.

I know. I posted it in post #144 saying these were "usually" in the $70K range???

I was offered a low mile original 70 hemi cuda from a collection 18 months ago for 160K w original motor which i passed on .
It went to auction and got 165K ....the mecum car wo original motor did 151K......whats the panic about ? Maybe people associate the 70 hemi cuda with the ultra high dollar 70 and 71 cuda convertibles and the 71 hemi cudas and lump them all together as similar,which they certainly are not production number and value wise .

Here in Ohio Gov, DeWine is ordering bars and restaurant dining rooms closed; carryout is still permitted.

Illinois followed right afterwards.

Coronavirus in NY: NYC schools will close

New York City’s schools will close Monday and remain shut till at least April 20, Mayor Bill de Blasio said Sunday.

De Blasio — who had been facing a coup from parents and teachers over his refusal to close city schools amid the coronavirus — added that it is possible “we may have to go out” for the rest of the school year.

https://nypost.com/2020/03/15/corona...ls-will-close/

Just seen that the USA has but there rate to ZERO to .25%! And 700 Billion is relief $$$. That might stop the bleeding but markets and cars will still be down for the short term.

Like 427 said hi end exotic stuff will still be pricey but I feel normal stuff will be down or a buyers market.

But I could be wrong.

I believe it's going to be much harder to establish market value for any cars in the $50,000 to $100,000 price range especially as many auctions are either cancelled, postponed or online only. Using just the Mecum Glendale auction as a barometer isn't enough. Will Mecum have it's Houston auction (April 2-4)? B-J's next auction is Northeast Auction - June 24-27, 2020.

With the Dow Meltdown, many average investors have probably seen their "Toy Money" disappear. Less buyers in the market. Sellers may pull back cars and wait to sell unless they absolutely need the money.

The '67 GT500 isn't really a good barometer of that market. Its a good starting point for a COMPLETE restoration-as it will be an early inboard light, 4sp, dark blue/black GT500 when its restored correctly. But there's lots wrong including current engine (trans?), paint color, wheels (should have Magstars), and who knows how much hardware given the
choices made back when it was redone in the late 80s.

https://i.postimg.cc/d3D3RhcC/screenshot-7699.png

March 12th trucks lined up outside of Proctor and Gamble off of Route 6 in Tunkhannock PA - all trucks waiting for toilet paper and paper towels loads.

The interesting thing for those of us that went through the 1987 crash and were into these cars back then, is that the prices for quality cars went up in the period after the market crash. This was due to the "investors" who decided to exit the stock market and buy up tangible collector assets (cars)- something they could actually enjoy, versus the intangible stock market investments. While the market was still floundering, these cars were being bought and flipped rapidly. For example, the price of a Hemicuda (or Challenger) Convertible doubled with every transaction.

A couple months after the November '87 crash, in early 1988, I bought an unrestored 19,000 mile red, 1971 440+6 Cuda ragtop for $25K. I sold it a couple months later to Steve Juliano for $38K. (the same one that sold for $1,155,000 at Mecum Indy '19). https://www.mecum.com/lots/SC0519-37...a-convertible/

Now would be the prime time to be shopping for the quality cars.

https://i.postimg.cc/xCQNDjDJ/screenshot-7700.png

https://journal.classiccars.com/2020...y-coronavirus/

There is a light!!!

https://www.google.com/amp/s/www.bus...s-2020-3%3famp

Well that's really great news.

Does anyone see the US taking the same draconian measures that China took? Personally I don't see it . . . yet.

IMO any of the actions states and the Fed are taking today are nowhere near enough to contain the pandemic.

China knew that it's economy absolutely depended on quick containment. Here in the US it seems any containment rules are half assed and won't really do enough to stop the spread of the virus. They are trying to stop panic by offering quasi containment rules.

We are not doing enough and it's going to show when the deaths in the US begin to approach those that Italy is currently experiencing and the entire country of Italy is on lockdown.

Look at that POP by Age chart I posted. 29% of our pop is highly susceptible. That's almost one out of every three people.

And keep this in mind . . . go to any hospital. They aren't sitting around playing gin rummy. They all have sick people who are sick by other issues, not by the virus.

Where is the response like we saw after 9/11?

I'm certainly no scientist but I'd love to get an answer to this question from one ... if this is so much worse than the flu because the death to infection rate ratio is so much higher, how do they know how many people are infected If hardly anyone is getting tested ????? Some say the infected numbers could already be huge,which would bring the ratio way down
.

Yes that is a very important question and has been on everyone's mind for quite some time. Due to the fact that we are not getting enough test kits into the hands of qualified people which has been a very sore point.

Here in N.M. they opened the first drive-thru test center in ABQ. But Santa Fe which has a few cases has no public testing center. Tri-Core, one of our biggest labs says they are all set for testing. So send in the tests . . . and all they have is silence . . . until today. We only have 19 positive cases in NM. No deaths.

All we can go on is the world wide stats that say 150,000 infected with 5000 deaths. And I am not even sure that is up to date.

Schools closures were the first step. Here is the second:

https://www.kob.com/albuquerque-news...74949/?cat=500

Once again IMO . . . it's not enough. I understand that no states want to decimate their small businesses. But these namby-pamby restrictions just aren't going to accomplish what is needed to contain the virus.

I would rather see 2 full weeks of total lockdown and accept the damage, which the Fed can help alleviate, then instituting half assed measures like these.

IMHO, I think we should all take precautions, but overreacting in rampant. Considering the recovery rate of those who have had it is really good, I think that the panicking is overblown. Just my opinion.

Totally agree
Of the hundreds of thousands tested in South Korea 98.x % were NEGATIVE!

How South Korea Scaled Coronavirus Testing While the U.S. Fell Dangerously Behind

https://www.propublica.org/article/h...erously-behind

Yep read that too. I think we need to see more in the news about negative test results and recovery. If the media reported every minute on all the ways people died per day and of what, we would turn into a helpless society.

https://www.medicalnewstoday.com/art...#heart-disease

Massachusetts is allowing takeout and food delivery only, banning people from dining out.

What we need are draconian measures like this one!

Absolutely disagree. People should be smart, but this complete shutdown is not needed.
Where was this panic for the H1N1 epidemic that was far worse?
I'm not saying that people should needlessly put themselves in harms way, and if you have a compromised immune system or elderly, then stay home and stay safe, but for the rest of society to completely shut down is just not needed, IMHO.

Well the news here in Ontario is due to limited test kits, those who seem not infected and more apt to recover will NOT be tested.

So I'm wondering with Lee replys IF the USA can or will handle this as well as Chinese? For Trump to succeed thus is imperative for re-election. if he can do better then China in dealing with this, he is done in the Whitehouse I think. The USA has to get a handle on this and defeat this outbreak ASAP.

I also wonder WHY everything is closing down to roughly April 6th???

Yes it is. The first and most important step is containment.

The H1N1 epidemic (not a pandemic) happened during The Great Recession: April 2009. The panic was centered on people losing their homes, not on getting sick.

The COVID-19 happened during a Bull market with housing fully recovered from TGR and very low unemployment. You could say we were "Lotus Eaters."

It is if you want to contain this. Almost all the infected people got the virus through some kind of contact with hotspot areas, except where a husband infected his wife and visa versa. Here in NM most of the infected people had just come back from trips to NYC and Italy. And BTW, our newest four cases: man in his 20s, two men in their 30s and one man in his 40s. So don't believe that COVID-19 only targets the elderly

Read this to understand why social distancing works better than total short term lockdown

https://www.washingtonpost.com/graph...ona-simulator/

Read that article I posted a few post ago how South Korea has handled their outbreak of COVID-19. Do you see ANY resemblance to what the USA is doing today?

Here is the main problem: we are dealing with an unknown virus. We don't have antivirals which facilitate recovery and we don't have a vaccine.

Flu season is almost 100% during the cold weather months. Just by higher temps, greater indoor humidity and stronger UV rays, these really help in killing off the flu. So our leaders are placing their hopes that warmer weather will help eradicate COVID-19. IMO - it's wishful thinking and nothing more.

The COVID-19 Coronavirus Is Now A Pandemic - Can We Ethically Deal With Lockdowns?

https://www.forbes.com/sites/fernand.../#5c3d68ff3e57

Lee, honestly I really don't know how the USA is handling it as I do not live there. My mother is there but coming home this week due to losing 7 figures in her investments and out of country insurance not covering covid 19 stuff. She has been battling a respiratory illness for a couple months now and being 78 would not do well if she gets this.

Dirty-ass crowded China is coming out with what 5 new cases today? Most populated county in the world and they came from behind to seemingly get a handle on it. Can the USA do that now?

I myself am not too worried about it to tell you the truth. I'm only 54, wife is 39 and son is 2. Our odds, even if we get it, are good for FULL recovery. I have enough to think of with my family business and my family to not really get to concerned about other continents of the world. I pay attention, rationalize a thought or reaction, and move on.

Man I must say when I read your comments it sounds like panic. I mean no offense I just feel we need to stay strong and provide some form of positive direction and maintain a level of confidence that the world is not ending. Like many I have lost a significant amount of money and yes I’m concerned .

I spoke to my 90 year old mom who was born during the depression , definitely scary times , but you know what, we got through it and got stronger and I’m confident we will this time! My Mom was very positive and ENCOURAGING !
For those of you that have faith, God gave me comfort in this verse today

Psalms 23
http://www.biblegateway.com/passage/...-6&version=NIV

Ontario, Canada: second largest province, covering more than one million square kilometres (415,000 square miles) - an area larger than France and Spain combined. With a population of more than 13.5 million, Ontario is home to more than 1 in 3 Canadians.

Ontario currently has 145 COVID-19 cases 304 in all of Canada:

https://i.postimg.cc/59rYfWzt/screenshot-7704.png

Just as a comparison, New York City - much less population, but a much smaller geographic area - has 329. Total for NY State is 729.

The last stats I saw for cases versus deaths was 150,000/5000 which is a .03 mortality rate. The problem is the shape of the above curve. When you hear "flattening the curve" now you can understand what they are trying to accomplish: containment. Give scientists the chance to come up with antivirals and a cure. If we look at H1N1 it took 8 months to discovery a cure: April 2009 to December 2009.

The flatter we make the curve the more people will not only recover but also not become infected or die.

Lee, we have 145 cases in Ontario as of 5 minutes ago. 304 in all of Canada.

Looks as though we will be looking to stop the virus here and then set the example for the world.

If the US pulls it off then it will be a once in a generation shift in the global landscape.

The vaccine is the key. We may be looking at the end of open Borders, and a redefinition as to what "globalism" and more specifically multiculturalism really means to a society.

Interesting future I think.

Oops! OK - fixed it. Thanks for the correction