How Many Where Original Yenkos??

[copolocater]

Jim you are correct.What I am saying is these are some of the opinions of some of these people in the market!!(1) Dave will never get $42,000 for an original duece when you can get a ground off resto for the same price.Sold-twice.(2) No duece is worth $50,000-$60,000.Sold (3)Nobody's going to pay that for a rebodied camaro.Sold (4)Nobody's going to pay that for Brians car.Sold !!(5) that copo basket case isn't worth that. Sold. On and on I have more.I've had a couple of original cars and for the same price most people lean to a fresh resto because of the way judging is set up at most shows.And the reaction they get from most spectators.Sorry some people might get upset but if you condemed a copo for not having the correct drivetrain you have quite a few people PO'd at you. I personally think it doesn't dominish the value of the car,but others do.I would hate to think that somebody turns up their nose at my car because of a non original block,trans or rear!Toms show is appreciated because of the non judging aspect. When I attended or attend a show like Toms,Super Chevy, Carlise etc. I look at the car as to what it is not to if its correct.I get just as much as a thrill seeing them original the way they use to be. [img]/ubbthreads/images/icons/grin.gif[/img] P.S. Forgot Garys red duece

I will concede that each post has some merit, but there is one thing that is being overlooked. That is namely that the cars that are changing hands at the upper limits (or at "todays" prices) are being purchased mainly by folks that were teenagers during the heyday of these cars. It is only realistic to assume that younger (like myself early '30's) folks are not investing in a commodity such as classic cars. We might pick up 1 or 2 cars (in my case a LS6), but we are willing to look for the "realistic" priced cars (as evidence by the recent prices on some of the solid lifter cars (not COPOS) that the prices have dropped drastically when offered for sale). Automobiles as investments are great, but only if the market is constantly watched, and most younger investers would much rather invest long term in blue chip stocks than a very narrow commodity such as Yenkos. IMHO what will eventually happen is the folks that appreciate these cars (or any of the hi-po '60's early '70's) AND have the income to support the current prices will die off or loose interest in owning the cars.
Look at the model "T", the 40th Fords, and the '57 Chevy. All were big at one point, but the current prices are no where near record levels. Sure Yenkos/COPO's are rarer overall than these, but the same applies. The cars that are documented original cars, will loose less of the "inflated," value than others, but still they will drop.

[copolocater]

I 100% agree with you but the world has gotten to the point live for today and worry about tomorrow later. Any time a conversation comes up about success or financial success one word always pops up.(chance)Some are willing some arn't.Some people are paying huge amounts of money for these cars but its only because someones asking.

[shor]

Supply and demand.
Alot of the late 80's sales were from speculators. The speculators of day's past created a false demand and an artificial rally that could not sustain itself.
There is a big difference in what is going on now. Most if not all of todays sales are between enthusiasts. The seller often takes that money and puts it back into the car market with another purchase. Trading up, if you will. Today's prices are more indicitive of fair market value. The Stock market has been doing horrible and you don't see any panicked sales of these cars. and you won't. The people that own these cars want them for what they are. They really are special cars. A new Chevy duramax diesel LT stickers for almost 50 k today.
Is 80k for a copo out of line? You decide. If you are holding out for prices to retrace like they did years ago I don't see it happening.

[JoeC]

I was surprised at the reunion this year to meet some of the Yenko owners and see that some of them are younger then I expected. When you read some of the other web sites like Team Chevelle there are many guys restoring cars as father son projects. This would not work as well with a Model A Ford as the younger guys don't seem to be interested in a 40hp car. If you show them a 400hp car that you can bring to the drag strip, they seem very interested. The Musclecars my not suffer the same loss of potential customers due to age as the Model A Fords did. By the way I have a Model A Ford. Had it since I was 15 years old. No I didn't buy it new. [img]/ubbthreads/images/icons/grin.gif[/img]

[NWYENKO]

I agree with Shor, today's mkt is driven differently than that of the late 80's(enthusiast vs. speculator). I hope there are a lot of Greg's out there.We need the younger guys to keep this hobby alive. Man, I am really starting to feel old (55 last month). I want to do this for another 10-15 years or so and trade the Yenkos in on the wheelchair. It is an interesting time. LaDonna asked me a couple of years ago what it would take for someone to buy the Camaro. I gave her a number which I felt was unreasonable and now guess what?? We have turned down that offer. Gary Crawford says it best "It sorta makes ya feel dumb to turn down that much money, I wish there were worth $25000 then you could really enjoy them the way there were meant to be enjoyed!!" Maybe we could sell options. (just kidding) [img]/ubbthreads/images/icons/grin.gif[/img] Jim