69 Z28 Sold for $112,000

While the word "provence" is a word some hate, it really should be one of the "cores" of determining value as far as I'm concerned. I don't think color and whether equiped with a 4spd or auto should be as important as paperwork and being able to unequivocally prove a car is what it is spposed to be. What is worth more..a reported Hugger Orange COPO with no paperwork, but a trim tag that falls into a certain build range....or...a 1969 L78 with real docs (not just a new looking POP) that is Mist green and an auto..I'll take the L78 all day, every day. I firmily believe we are entering into a time of declining prices on most of the cars. I don't see how prices can continue to go up, when there is so much apparent fraud and disception going on..restamped parts, faked trim tags, added POP's, etc. Therefore the cars that have "history" or "provence" will continue to appreciate (not as fast as we have seen since 2001 though), while the cars that don't have that sort of paper will loose value. Also there is a certain point when the people holding the disposable income to buy a collectible car will determine what is the "envogue look," and consequently the prices will be set accordingly.

I think we are seeing the prices reflect that the musclecar hobby is by far a group of older, white guys that were babyboomers. While as of right now they control the disposable income to buy 50k dollar "original" cars, the tides are shifting. More and more 20-30 somethings are wanting the look of a 1969 Camaro but without all the associated BS of building a "trailer queen" original car. I would bet that the guys that were building "original" Model T's in the 1950's and 1960's never thought people wouldn't want their cars as collectibles..how many get sold today? Have the prices appreciated in respect to inflation or income levels from 1950 to 2004? Doubt it..