1970 Ls6 Convertible

Good point Morris,

However you really can't equate something out of production, with it remaining to be a tried and true investment. In my opinion the main reason that the cars "resurged" in 2001 or so, was largely a result of a sluggish economy,the internet (websites like this..), having an investment that is tangible, and the baby boomers. When these guys get too old or start dying off (they are in their mid 40's at best)the cars will drop in value, as it will be hard for the "younger" generations (of which I'm an example) to justify paying what the "perceived" value will be. Look at pre-war Fords, model "A" and "T" cars, etc..As the generation that appreciates the respective cars dies off...the prices drop and stay there as the cars were massed produced, are American (as opposed to European (perceived inferior quality)), and are not accepted by non-enthusiast as being worth the money.

When one argues that they are "works of art," one must keep in mind that these cars were mass produced, are currently largely over restored (how many "true" concourse frame offs have you seen lately...drips, runs, no paint or clear on natural metal, etc.). Since they were essentially mass transportation, available to anyone (Yenkos, BM, etc. included)it is going to be hard to justify to future generations future value. Look at "tradtional" investments outside of stocks, bonds, real estate, etc.. Art was traditionally done one off or commissioned for royalty, jewerly same (Faberge...), real estate..well that is a no brainer....can't always add more..a finite number..These are investments that im my opinion will fluctuate to soem degree, but will always be worth money to the masses. Musclecars are a largley American icon of the "baby boomer " generation..when they go so does the perceived value..sure they will still be worth money as theey aren't making them any longer and they have intrinsic value, but the prices will correct to what is considered a more rational level.

These cars are great fun and while they are currently bringing large sums of money do we really think they always will..For the most part people here thumb their noses at younger car enthusiast (the "ricer generation..") Yet aren't they the ones that in 20 years will be in a postion to have the disposable income to buy a car to drive only on weekends (if at all..)??? Who do you guys think you are going to sell your 300k ZL1's and 150K Yenko Camaros and 275k Chevelles to?? Each other.??? When you guys want to cash out, so will the other people specualting on these cars..Therefore they will need to go to a future generation..What do they think about paying 275k for a car that doesn't get driven, has no A/C, needs a gorilla to push in the clutch, handles and rides like a buckboard, etc...Now I'm not knocking the cars (or anyone here for that matter), as obiviously I own them too..I just am not paying obscene amounts of money hoping they hold their value, and trying to justify that they will always be safe investments...

[Stuart Adams]

At this point will someone pour me a drink!!!

[Belair62]

Greg...don't worry..the kids can buy an LS 6 to drive and keep the ZL1 in the garage !!! (you knew that was coming)

LOL...yeah..maybe so..especially since most of those ZL1's have to be lowered off the trailers with a winch...might be fun to see if they could actually make it out of the garage under their own power... Doubt many owners of a ZL1 (a few exceptions noted..) would spin their car at 6500 RPM's lighting up the rears....after all they don't call them "trailer QUEENS" for nothing...

[yountto]

Belair, I disagree,the younger generation will like what they were brought up on "2fast2furious"...clone yenkos.... .....why dont you take up some donations for Chris' cat[in the parts for sale aluminum heads post]..i think he needs an IV and some food...

[Belair62]

but what the heck was with that cat deal anyway !!!Inside joke or what !

[yountto]

Ebay Item # 2462248976....Look at the ad chris has in parts for sale below [842 aluminum heads].....Send Chris a donation so he can feed his cat....

[Belair62]

[ QUOTE ]
Look at the ad chris has in parts for sale

[/ QUOTE ] No offense Chris but I think the parents of that little kitty made a pass thru Charleys house...looks king of like a Cat-a-poo !!!Charley quit spreading those genes around will you.

[Musclecarkid]

No thanks, I ate lunch yesterday.Going to watch some paint dry now.Encrypted message?????????????

[YENKO DEUCE REGISTRY]

IMO, Morris is 100% right on the money, followed by Greg. The young guys I talk to will never pay this money for these cars in 15-20 years, even though they will be able to afford them.