2023 Mecum Kissimmee

[William]

It sold at Mecum IL 2014 for $60,000, again the following year at Mecum CO for $59,000.

Quite an appreciation.

[Richls5]

Idk why anyone is blaming a restoration shop for the hobby getting out of hands it's dealerships buying cars for 40 and selling for 70-80 I get everyone needs to eat but it's ridiculous

[ACR]

Originally Posted by Richls5

Idk why anyone is blaming a restoration shop for the hobby getting out of hands it's dealerships buying cars for 40 and selling for 70-80 I get everyone needs to eat but it's ridiculous

My 2 cents but this is another huge factor. In the last six months, I've been priced out of two different purchases when flippers were able to get to them faster than me (obviously being on the other side of the world in Australia doesn't help) only to see them listed weeks later with a minimum 20K markup. Once a car goes up in price and sells at these inflated prices, I've noticed it's much less likely to ever come back down. Rinse and repeat with many cars across the market for a particular make and model and you end up with a hyper-inflated market. Additionally, factor in people looking at these inflated prices when considering selling their car and suddenly you've got a lot of people believing they have something worth more than realistically obtainable and unwilling to move on price... It's been a vicious circle lately...