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Old 12-20-2006, 04:20 PM
TXSS TXSS is offline
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Default Re: Interesting reading

I think this guy is clueless. However, there are some inherent problems judging market prices based on one model over one year. It seams that many people use the price of 69 Z28's as the bench mark on muscle cars prices in general. That seams risky to me given the fact that I have never seen so many 69 Z28's for sale as I've seen in the past year. At any given time you can find 20-30 for sale on eBay alone vs. 5-6 LS6's. If the market is truly driven buy supply and demand the prices on 69 Z's may be down because there are so many available. I know I sold two nicely restored, numbers matching 69 Z's in late 04 and early 05 and was hard pressed to get high 30's for either one. If the current prices are down from the 80's to the 60's I see that as a minor short term fluctuation but still a healthy increase over the longer term. I don't think anyone really knows what these prices will do over the short term. However, as long as enthusiasts control the market and not investors the market will stay healthy. Very healthy. There is one factor that does not exist in many markets/investments and that is the emotional connection we have to these cars. As long as that connection exists people will pay more to satisfy that need. I know I will and have regardless of how it may effect my return. I just can't get to excited about buying pork bellies
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