Chuck,
The market is going to run its cycle and that will last as long as it takes. As we all know prices went up in the late 80's and then dropped off in the 90's with the stock market/tech boom. Over the last 5 years the Baby Boomers are running the current market up. I am glad I am in the hobby for the love of it and not for the money-and because of that I keep the cars that I have despite the current market for flipping cars and the repeated attempts to buy a couple of mine.
For the 70 cars specifically this market is still emerging and is doing very well. Most people who are forced to sell a 70 would be a crazy not to sell the car for the best money they could, and good for them. If I was in that situation, who the buyer was would take priority in the sale not the money.
Over the years people have tried to buy my 70 car since 1988. Most recently I turned down 6 figure money for the car, and did not blink - so there you go, I think $35K, for an original drivetrain car that needs some fluffing up may be good market value today. These cars are jumping in value by the month (or week) at this time.
Phil
Belair - You really have a nice car. At least you can take it out and drive it right?? Very cool I really like Hugger Orange.
