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$5 Million Dollar HEMI CUDA Convertible!!
so a few months ago I put the COPO in Hemmings. I get a call from these guys asking If I would be willing to stop the sale and put it in this Auction. I never heard of these folks, But KRUSE is involved. I figured what the heck, NYC is 2 hours away and the 68 Z-28 Convertible should be a nice draw. so every couple days I check to see what cars have been added. BAM! this Convertible Hemi that was just in HOT ROD has been added to the list! https://www.yenko.net/ubbthreads/imag...ns/worship.gif should be an interesting weekend. Take a look at some of the cars entered. http://www.randworkman.com/featured_...ils.php?id=119 I imagine some High Rollers will be in town for this game! I just hope some of them are looking for a Nice Plain White COPO!! https://www.yenko.net/ubbthreads/imag...lins/beers.gif
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Re: $5 Million Dollar HEMI CUDA Convertible!!
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Re: $5 Million Dollar HEMI CUDA Convertible!!
It's getting to be just STUPID and REDICULOUS!.. https://www.yenko.net/ubbthreads/images/graemlins/no.gif https://www.yenko.net/ubbthreads/images/graemlins/no.gif https://www.yenko.net/ubbthreads/imag...lins/crazy.gif
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Re: $5 Million Dollar HEMI CUDA Convertible!!
No offense Ed, but the ones who are making money on musclecars don't think it's stupid. I too am shocked when I see such prices, but then I remember that it's just supply and demand at work.
He who doesn't want the going rate (or more) for their car, please stand up and be recognized, then please explain to the rest of us the virtue of selling something for less than it's worth. Apparently, wealthy collectors think that Hemi Cuda convertibles are approaching five million. I'll bet they'll be 10 million someday. Laughing at 10 million? Well, who in 1971 thought that a Hemi Cuda convert would ever be worth more than 10 grand? 100 grand? One million? There will always be a certain elite who will exchange such cars among themselves (for incredible sums) just as they do with well-bred race horses or Van Gough paintings or ming vases. The law of supply and demand is what's making our "hobby" more difficult to participate in. The fewer desireable cars there are in play, the higher the prices climb. Call it "capitalism." The law of supply and demand has also created new '69 Camaro convertible bodies. I'm just glad I bought my '67 Camaro when I did because I sure couldn't afford to buy it today! |
Re: $5 Million Dollar HEMI CUDA Convertible!!
Apparently, wealthy collectors think that Hemi Cuda convertibles are approaching five million. I'll bet they'll be 10 million someday. Laughing at 10 million? Well, who in 1971 thought that a Hemi Cuda convert would ever be worth more than 10 grand? 100 grand? One million? There will always be a certain elite who will exchange such cars among themselves (for incredible sums) just as they do with well-bred race horses or Van Gough paintings or ming vases. [/ QUOTE ] I've always made that comparison, what makes a fine piece of artworth millions??, obviously paint and canvas with a little wood around it dosent designate respectable value, so why would a bunch of metal and cloth be worth that kind of money. It's supply and demand and to me i see these cars as works of art, some see it as an investment, but what investment can you have such fun with!! |
Re: $5 Million Dollar HEMI CUDA Convertible!!
the Z convert would look nice in Kevin suydan's collection.
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Re: $5 Million Dollar HEMI CUDA Convertible!!
I wonder if the prices will hold up after the generation who is paying the big numbers for the cars is gone?
During the 70's and 80's big numbers were paid for brass era cars that are not near as valuable, or at least have not had any price inflation in the last 20 years. If the kids now want restored Hondas and Nissans in 30-40 years then I would venture to guess that the "average" muscle car will not gain the ground that they are experiencing now. The high end cars (Hemis, ZL-1s, etc) will probably continue to rise as long as there are collectors because there are so few of them. |
Re: $5 Million Dollar HEMI CUDA Convertible!!
Another thing I've been thinking about lately is in 30-40 years is the gas availability to run these cars and if there is little gas left will people be willing to pay big bucks for something that can't be driven, especially to a generation in which the majority did not grow up with these cars???...will they eventually become just garage art or will the cool thing be to retrofit an electric or hydrogen engine into them...I hope it doesn't get to that point - electric motors just don't have that spine tingling rumble while they are running.....Either way I'll be in love with these cars till the day I "pass on" https://www.yenko.net/ubbthreads/imag...lins/beers.gif
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Re: $5 Million Dollar HEMI CUDA Convertible!!
We'll have to convert our cars to propane or hydrogen....
Actually, there'll probably be a company willing to produce a limited quantity of 75-octane to run in our de-tuned treasures. They'll have pity on us "hobbyists" and sell it to us at the special rate of $50 per gallon. And we'll be happy to buy it, right? |
Re: $5 Million Dollar HEMI CUDA Convertible!!
I just got some 110 octane at 5.00/gal yesterday , although I can't say i was all too happy. https://www.yenko.net/ubbthreads/imag...ins/tongue.gif
The Deuce did seem to enjoy it though.... https://www.yenko.net/ubbthreads/imag...ins/3gears.gif |
Re: $5 Million Dollar HEMI CUDA Convertible!!
Yeah Joe, I occasionally treat my Camaro to a few gallons of Unocal 101 unleaded pump gas. Man, that stuff makes the exhaust smell good, like candy. (No drain-bramage, I mean, brain damage jokes.) Near-total waste of money im my car's case but it does run better.
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Re: $5 Million Dollar HEMI CUDA Convertible!!
I'm sure I'll get ripped into for this reply but I have to say something about these outrageous prices for some of these musclecars. Don't get me wrong; I love musclecars as much as the next guy but, 5 million for a Hemi 'Cuda.........come on. Are you trying to tell me that a production line produced musclecar is worth more than a hand made aluminum bodied Cobra S/C or Ferrari GTO? These cars have a racing pedigree, were hand built by craftsman and were extreme limited production cars.
I just find it hard to justify pricing a Hemi 'Cuda or similar musclecar over something like the two cars I mentioned. For the lucky few who own these cars I think you better get comfortable with the influx of clone / recreation cars since there aren't too many people who can afford the real thing anymore and, if they could, would they really even think about driving such a valuable piece? Okay, have at it, I know I'm going to get clobbered. |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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Are you trying to tell me that a production line produced musclecar is worth more than a hand made aluminum bodied Cobra S/C or Ferrari GTO? [/ QUOTE ] Apparently the market is saying they are ! |
Re: $5 Million Dollar HEMI CUDA Convertible!!
I loved it during BJ on Speedvision the British announcer Alan had his panties in a twist when American "commoners" cars were going for more than high brow ferarris and such. It was great.
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Re: $5 Million Dollar HEMI CUDA Convertible!!
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I loved it during BJ on Speedvision the British announcer Alan had his panties in a twist when American "commoners" cars were going for more than high brow ferarris and such. It was great. [/ QUOTE ] Something they'll need to get used to. https://www.yenko.net/ubbthreads/imag...mlins/flag.gif Patrick |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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We'll have to convert our cars to propane or hydrogen.... [/ QUOTE ] Im building a small nuclear reactor as we speak,Wait till you see the 50,000 hp my 69 Z will produce, and torque? forget about it... anyone know where I can get some heavy water and a little enriched uranium? https://www.yenko.net/ubbthreads/imag...ns/naughty.gif |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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They only made 7-71 Hemi Cuda convertibles. How many Cobra's did they make and how many clones are made of them ???
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Re: $5 Million Dollar HEMI CUDA Convertible!!
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They only made 7-71 Hemi Cuda convertibles. How many Cobra's did they make and how many clones are made of them ??? [/ QUOTE ] A better question would be, Which one would you rather have? |
Re: $5 Million Dollar HEMI CUDA Convertible!!
Exactly, Sam...I'd give my left nut for a real deal AC Cobra...Hemi Cuda 'Vert? Sorry, I don't see the attraction, kinda like the Z28 'Vert...give me a hardtop instead...
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Re: $5 Million Dollar HEMI CUDA Convertible!!
Ask ages 26-45 yrs old and then 45-60yrs old
You like cherries, I like strawberries. Im not going to try to make you like strawberries https://www.yenko.net/ubbthreads/imag...lins/smile.gif I grew up with Muscle cars in my hood, never saw a cobra driving to my Highschool. |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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Exactly, Sam...I'd give my left nut for a real deal AC Cobra...Hemi Cuda 'Vert? Sorry, I don't see the attraction, kinda like the Z28 'Vert...give me a hardtop instead... [/ QUOTE ] I'll take a hard top also. But I'll still take the Cuda. Their were 7 for the US, 2 for Canada and 2 for Europe. 11 in total. Patrick |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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Another thing I've been thinking about lately is in 30-40 years is the gas availability to run these cars and if there is little gas left will people be willing to pay big bucks for something that can't be driven, especially to a generation in which the majority did not grow up with these cars???...will they eventually become just garage art or will the cool thing be to retrofit an electric or hydrogen engine into them...I hope it doesn't get to that point - electric motors just don't have that spine tingling rumble while they are running.....Either way I'll be in love with these cars till the day I "pass on" https://www.yenko.net/ubbthreads/imag...lins/beers.gif [/ QUOTE ] The cars of this type caliber don't get driven now, so it likley won't matter.. Gas that is. https://www.yenko.net/ubbthreads/imag...mlins/cool.gif |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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[ QUOTE ] We'll have to convert our cars to propane or hydrogen.... [/ QUOTE ] Im building a small nuclear reactor as we speak,Wait till you see the 50,000 hp my 69 Z will produce, and torque? forget about it... anyone know where I can get some heavy water and a little enriched uranium? https://www.yenko.net/ubbthreads/imag...ns/naughty.gif [/ QUOTE ] You might be interested in this than!! http://cgi.ebay.com/ws/eBayISAPI.dll?Vie...A%3AIT&rd=1 |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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[ QUOTE ] They only made 7-71 Hemi Cuda convertibles. How many Cobra's did they make and how many clones are made of them ??? [/ QUOTE ] A better question would be, Which one would you rather have? [/ QUOTE ] That is a matter of preference; I don't think either are worth 5 million dollars. My original point was that if either car was to warrant that much money I think the Cobra or Ferrari is more deserving due to the hand crafted bodies and the racing pedigree they hold. Did they build more Cobras than 'Cuda convertibles? Sure but even the Daytona Cobra coupes, of which they built 6, aren't bringing 5 million and they share the same racing pedigree and a more beautiful aluminum body. Not trying to change anyone's mind here I just would like to know how anyone can justify that kind of money for a musclecar? |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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[ QUOTE ] [ QUOTE ] They only made 7-71 Hemi Cuda convertibles. How many Cobra's did they make and how many clones are made of them ??? [/ QUOTE ] A better question would be, Which one would you rather have? [/ QUOTE ] That is a matter of preference; I don't think either are worth 5 million dollars. My original point was that if either car was to warrant that much money I think the Cobra or Ferrari is more deserving due to the hand crafted bodies and the racing pedigree they hold. Did they build more Cobras than 'Cuda convertibles? Sure but even the Daytona Cobra coupes, of which they built 6, aren't bringing 5 million and they share the same racing pedigree and a more beautiful aluminum body. Not trying to change anyone's mind here I just would like to know how anyone can justify that kind of money for a musclecar? [/ QUOTE ] I guess some things just can't be explained. Like $150,000,000 for a frame, paint and canvas. |
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I think the Cobra or Ferrari is more deserving due to the hand crafted bodies and the racing pedigree they hold. [/ QUOTE ] I think Ronnie Sox may have some contention with this... |
Re: $5 Million Dollar HEMI CUDA Convertible!!
It would be feasable to "build" a numbers match hemi cuda convertible for that kind of money, so its getting a little weird.
Especially since those cars (cudas) were kind of crappy and lackluster compared to even a regular big block camaro or chevelle. As was stated earlier by others, the value is in the "idea" of "I have one you don't" inherant to ultra wealthy collectors. They spend it because they can. Whats 5 million out of several billion? Those cars are realistically "worth" probably 250 to 350 thousand though. 5 million is really inflated. Its kind of like a game of hot potato. At somepoint, someone will be left in the end with a car that no one else is willing to spend the money to get. |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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It would be feasable to "build" a numbers match hemi cuda convertible for that kind of money, so its getting a little weird. Especially since those cars (cudas) were kind of crappy and lackluster compared to even a regular big block camaro or chevelle. As was stated earlier by others, the value is in the "idea" of "I have one you don't" inherant to ultra wealthy collectors. They spend it because they can. Whats 5 million out of several billion? Those cars are realistically "worth" probably 250 to 350 thousand though. 5 million is really inflated. Its kind of like a game of hot potato. At somepoint, someone will be left in the end with a car that no one else is willing to spend the money to get. [/ QUOTE ] I'm not sure you can determine worth with muscle cars. They sell for that much because their desired. Just like many collectibles. Lets face it. Hemi's, ZL1's,Yenkos and Copos have become collectibles. Let me know where I can buy a "realistically" worth 71 Hemi-cuda convertible for 250k-350K. Those days are long gone. I still take the hard top. |
Re: $5 Million Dollar HEMI CUDA Convertible!!
{/quote)Did they build more Cobras than 'Cuda convertibles? Sure but even the Daytona Cobra coupes, of which they built 6, aren't bringing 5 million and they share the same racing pedigree and a more beautiful aluminum body. Not trying to change anyone's mind here I just would like to know how anyone can justify that kind of money for a musclecar?
[/ QUOTE ] The Last Daytona Coupe Sold was the Controversial Phil Spector Car and that went to Dr. Fred Simone in Philadelphia for 4 Million Dollars 3 years ago. He's not Selling. Try the Owner of the Utah Jazz! He has 11 Original COBRA's and a GT40 that won at LeMans, and an Original Daytona Coupe with extensive Racing Victories. and to think, Carroll Shelby is still alive! one can only speculate the price spike when he gets his last checkered Flag! https://www.yenko.net/ubbthreads/imag...ns/worship.gif |
Re: $5 Million Dollar HEMI CUDA Convertible!!
The price spike in the Hemi cars is pretty pronounced. I bet the car doesn't clear at the speculated price, despite its really cool history.
Carlos Monteverde, who lives here in London, sold the White export car (France) in question, plus another Hemi Cuda convertible and one other 70/71 Hemi car for, I believe, $3 million less than a year ago as a package to Bill Weiman (sp?), the guy from AZ, who just had to have the cars. He woke up one day and decided that he didn't want most of his Hemi collection anymore. He also sold his Yenko Chevelle, 70 W-30 Vert and a bunch of cool other stuff. His muscle car collection has gone from teens to low single digits. On the other hand his Ferrari/Maserati collection continues to grow. He broke his leg after shunting in his 250LM ($2-3m) at a vintage race and started doing deals for cars because he was bored. I understand that he might be looking for a very high quality Yenko Camaro. Anybody? |
Re: $5 Million Dollar HEMI CUDA Convertible!!
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Re: $5 Million Dollar HEMI CUDA Convertible!!
Man what a sleeper that is, 4 door with a hemi. I am not a big fan of the way the front end looks though. Is it worth the 3 million? I am sure to someone but not me.
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Re: $5 Million Dollar HEMI CUDA Convertible!!
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have y'all seen this one then? http://www.autabuy.com/Vehicles/Details.cfm?VID=37752 [/ QUOTE ] You gotta be kiddin... https://www.yenko.net/ubbthreads/imag...ins/tongue.gif you could take 2 zeros off the end and i'd still think it was overpriced... https://www.yenko.net/ubbthreads/imag...mlins/grin.gif |
Re: $5 Million Dollar HEMI CUDA Convertible!!
Carlos has a butternut yellow two door 66 Coronet and a black 67. Sweet sleepers...
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Re: $5 Million Dollar HEMI CUDA Convertible!!
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[ QUOTE ] have y'all seen this one then? http://www.autabuy.com/Vehicles/Details.cfm?VID=37752 [/ QUOTE ] You gotta be kiddin... https://www.yenko.net/ubbthreads/imag...ins/tongue.gif you could take 2 zeros off the end and i'd still think it was overpriced... https://www.yenko.net/ubbthreads/imag...mlins/grin.gif [/ QUOTE ] It would still be overpriced at 300K. Real value is probably around $140K. There is rare (a 4 door hemi car) and then there is rare and valuable (a hemicuda ragtop). |
Re: $5 Million Dollar HEMI CUDA Convertible!!
Skokie Illinois police department had a hemi 4dr interceptor...I saw it along with 427 Impalas...probably a 69 or 70.
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Re: $5 Million Dollar HEMI CUDA Convertible!!
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Skokie Illinois police department had a hemi 4dr interceptor...I saw it along with 427 Impalas...probably a 69 or 70. [/ QUOTE ] Hey Elwood did it have "cop shocks, cop suspension and SCMODS"? (State, County, Municipal Offender Data System).... |
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I don't think they had SCMODS then...and I couldn't get out from the back seat unless they opened it from the outside for me.
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Re: $5 Million Dollar HEMI CUDA Convertible!!
That car is on the randworkman auction list for sept., oh and Happy Birthday Belair!!
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Re: $5 Million Dollar HEMI CUDA Convertible!!
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You gotta be kiddin... https://www.yenko.net/ubbthreads/imag...ins/tongue.gif you could take 2 zeros off the end and i'd still think it was overpriced... https://www.yenko.net/ubbthreads/imag...mlins/grin.gif [/ QUOTE ] It would still be overpriced at 300K. Real value is probably around $140K. There is rare (a 4 door hemi car) and then there is rare and valuable (a hemicuda ragtop). [/ QUOTE ] Math lesson for the day... if you take 2 zeros off of 3,000,000 it becomes 30,000, not 300,000. https://www.yenko.net/ubbthreads/imag...mlins/wink.gif |
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