[king_midas]

427King,

With all due respect, you're incorrect on what you're saying. Cars at this level are nothing but assets, because you must pay tax on both the purchase and sale, and this tax is of a sizable amount. Thus, if you can't keep them off the books, they are like any other traded investment, where if something better comes along, the investor will transfer funds out of the declining area of the portfolio, and place it somewhere where the money will be better used.

Of course, there are always anomalies with investing, and you'll still see a few cars trading for inflated prices-- I call that instance the "heart" talking, where a man/woman has enough money that they don't care, and pay whatever price for whatever they want. However, the Chevys in general suffer from the "clone" factor, and as I said about 6 months ago, they will be the first to take the hardest beating when the market turns.

Fake documents are everywhere, and there's just too much money involved for sleazebags to NOT get involved in the market. Right now, there are more COPOs, Z/28s, 435 Corvettes, etc., than they made new. And that doesn't even take into account survivor rates for cars, which is a declining factor-- For each of the cars mentioned, there should be approximately 15 - 20% of original production left.

Now, where's that bargain Glacier Blue '69 Z/28 Clonemaro that I've been looking for all my life...?