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Old 01-31-2005, 11:54 PM
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Default Re: 69 Z28 RS JL8 Crossram car listed at BJ auction

In collecting (coins, guns, cars, etc.) if you are in it for the money then eventually you will lose and lose big...I think the current prices and what sold for big money at B/J (the tri-fives, vintage t-birds, Shelby's, 'vettes, some rods, and hemis) represent what the "non-enthuiast" feels are collectibles. These are the cars that the average lay person thinks about when you mention "collector car." These cars have always been collectible and sought after. They aren't the "envogue" cars..ala "supercars" (no disrespect to anyone...) or specualtive cars. These are the cars that have ALWAYS brought good money. The JL8 cars, crossrams, Motions, etc. are all nice cars, but the hobby isn't really driven too much by niche pricing...It is usually driven and more importantly substained by what the "average joe" thinks. Ask your average car collector or enthusiast what type of Camaro they liek and most will say a "Z28" not a Yenko or Motion, ask an enthusiast to pick a Corvette and a lot will say a "split window"..not a 1 of 10 Motion car. These speciality cars are always going to be desirable and collectible, but they are a lot more volatile to pricing swings. I have never been into the heavily specualated cars, having concertrated on owning more "generic" cars..L78's, Z's, LS6's, 440x6, etc. I think these cars won't hurt a buyer nearly as much as the "supercars" (Yenkos, hemis, Motions, etc.) as evidence by the fact the Z's were bringing almost 2/3rds of what COPO's were. The plain fact of the matter is that it is the websites like this (a great site and one which there is a wealth of info, but also one which has largely been responsible for people asking 200k for a COPO with stripes..) that have over inflated certain cars and as collectors and specualtors bail out these will be the cars that get hit the hardest. I for one hope the bubble burst and burst big.. Just my opinion.
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