COPO prices down at Mecum???

[SMGCO]

The bottom line, like it or not, is that the muscle car market is off. IMO the market is off about ten percent on high priced/value cars and about thirty percent on lower priced/value cars.

[Charley Lillard]

My opinion is the market is better right now. Before there was a frenzy with prices jumping 20% each time a car changed hands. Now it seems to have leveled off with the iffy edgy cars not bringing good money like they were . The top cars still seem to bring top money.

[Pacecarjeff]

The stock market is moving higher.
Speculator/Investors are off working other things.
This muscle car hobby is going to turn back to real "car guys".

The very rare, and desirable cars will stay high $$, but average stuff is going to fall dramatically.
1990 all over again, just watch.......

[John]

recently there was a 1968 "corvette bronze" Yenko camaro on the Legendary Motorcars website for sale....
.....SOLD
and also a Yellow 1969 Yenko Chevelle for sale
.....SOLD
......I think there are serveral cars that sell "under the radar" that not everyone hears about....especially if they are "low mile originals"
......or the more sought after colors.
.....I think the documented cars will keep climbing.
...the "clones" on the other hand...are just nice "drivers"
..

[427king]

I agree. Just because the housing market is off, that doesnt mean waterfront in Malibu is down ,just because the price of a
condo in Detroit is.

[427king]

Does this mean resto prices are coming down too???

[SMGCO]

[ QUOTE ]
Does this mean resto prices are coming down too???

[/ QUOTE ]

Absolutely not. They will continue to increase ( labor and parts ) unless there is a very unlikely major downturn in the economy and disposible income really dries up.

[SS427]

I sure hope not as it is tough to make it now. It always kills me when we (restorers) get beat up for our shop rates which in most cases are at least half what it costs to bring your car into a dealership to have a repair made. While that car is at the dealership it depreciated while at the same time a restored car actually appreciates while in the shop. Most dealer mechanics make (personally) as much or close to what restoration shops charge as a shop rate. I won't complain as I have been doing it for over 25 years and it hasn't changed but I does frustrate me on occassion.
Rick

[Tim Penton]

Bruno, Did you get any pictures of the Nickey Camaro? What year was it? No excuse cars will ALWAYS bring good money.

[quick-bowtie]

I was at Mecum all weekend and prices on lower end stuff seem extremely strong!! Every plain jane 1967 and 1968 Camaro there brought around 20k or more! These are cars you would see on ebay for 12k to 15k just average cars. 1966 and 1967 Chevelle SS's are EXTREMELY hot property all of those got bid way up even if it wasnt #s matching. Boss 302's were bringing good money for just average cars.

One thing I noticed was very very in experinced buyers people paying the moon for a nothing car or one that you could build for half the price of what they paid. Example 1969 Camaro half breed ZL1 clone. Nice looking car with a Alum. 427 but it had tri power 4 wheels disc and 17inch wheels, chrome hood hinges etc.. nothing like a real ZL1 and nothing like a Pro Touring car it was a 50k to 60k car tops! bidding got up to I believe 105k and the car sold! my jaw was on the ground and there were a few cars like this.. 69 Camaro Convert very nice car but a 350 car fancy wheels but again no expensive pro touring type of parts..was sold for around 75k.. 1970 LS6 said to be a real car with buildsheet and numbers matching.. so I went up to look at it, the build sheet was "some how missing the corner with the vin" it had one of the worst restamp job's Ive seen still had small block springs the front end was about dragging on the ground, poor quality definately needed a resto. and people still bid it up into the low 60's.

Now on the COPOs.. Im still kicking myself in the A** for letting my wife talk me into going out to dinner when the Black Copo went through. A friend later that night told me it sold for 84k well he had a few to many drinks so I figured he didnt know what he was talking about. Sunday comes and the black copo is leaving the auction so I stop the guy and ask hime what he paid..sure enough he says 84k my heart sank!!! I offered him 30k profit on the spot but he wasnt interested.. he got the winning loto ticket of the sale, everyone was sleeping or out to DINNER on that car.

As for the rest of the COPO Camaros the only one that really surprised me was the Canadian built Orange one that car looked very nice I thought forsure that car would bring over 200k easy.. I dont know the car so maybe Im missing something??

The other Orange car was also nice but it didnt have Ed's papers and it also wasnt in his registy. I think most people know or beleive it to be a real COPO but LIKE Ed or NOT his DOC's are what most buyers want including me "his name is what most guys think of when you hear the word copo just like mopar has Galen" . I think that will be a very hard car to get good money out of with out original paper work or Ed's stamp of approval unless it goes to a REAL collector that plans on keeping the car forever.

The green car from Legendary didnt do anything for me personally I didnt think the quality was there on that car and being an auto?? Just my opinion though..

Silver RS Auto COPO EX. Silva car. I think that car has been discussed here before. bid to 150k seller should have taken the money and ran enough said.

both Chevelles were bid to around 150k. Georges car was bought back buy the owner and the Orange 4 speed car didnt sell.

I thought that was pretty good money for the Chevelles consider the Orange car has been on Ebay more time than it is years old!! and Georges car although that car is KILLER nice I think the Auto hurts it and Mecum definately doesnt have the crazy crazy bidders like Barrett.

One think I did notice is high end Mopars are SOFT!!

Just my general over view of the auction.