Musclecar prices and the possible recession

[fortim]

Originally Posted by the427king

Yes. Quest and bdx as well. The market went up almost 1500 alone just duing his 30 minute speech, but here is the headline "trump gives worse speech of his presidency" https://www.yahoo.com/news/trump-jus...204700719.html

What does that tells us about the "Market"...

[Zedder]

Originally Posted by Unreal

True. Or maybe she's trained in falling elevators, so she knows what she's screaming about.

Another analogy; guy falls off a 20 story building. At the 10th floor, he says, "So far, so good"

I'm with you, I believe in prudence, not panic, but I think those who are recommending prudence may be better informed than we are. Some confuse prudent measures with panic. My son is a doctor, and he has called twice this week to stress how serious this is, and that we are still in the early stages. Smart people are giving us advice, that I plan to follow. Others may choose a different course of action.

Well said Unreal. The last 2 days have been exhausting at work trying to figure out how to deal with all of the restrictions, anxiety, slow down in business, employees worried about other employees returning from vacation abroad and bringing Covid-19 to the office, calls about family members quarantined, customers asking for our written Pandemic plan...I’m on my second whiskey...

[EZ Nova]

Well I'm going to say it's not looking good for ANY markets, musclecar or stocks/bonds!Looking at the Glendale Mecum so far, I would say it looks like there down? Now you guys know a lot more then me, but some of what I'm keeping an eye on, '78/'79 Lil Red Express for example, this is the 3rd auction in a row that they didn't hit $20K. Isn't this down for a Yenko Camaro:

https://www.mecum.com/lots/AZ0320-42...-yenko-camaro/

Or this Hemi Coronet 500, thought these were in the $70K range:

https://www.mecum.com/lots/AZ0320-40...i-coronet-500/

And something MUST be up with this SD TA:

https://www.mecum.com/lots/AZ0320-40...am-super-duty/

[njsteve]

Originally Posted by EZ Nova

Well I'm going to say it's not looking good for ANY markets, musclecar or stocks/bonds!Looking at the Glendale Mecum so far, I would say it looks like there down? Now you guys know a lot more then me, but some of what I'm keeping an eye on, '78/'79 Lil Red Express for example, this is the 3rd auction in a row that they didn't hit $20K. Isn't this down for a Yenko Camaro:

And something MUST be up with this SD TA:

https://www.mecum.com/lots/AZ0320-40...am-super-duty/

Not a single engine photo in the listing. hmmm. But a beautiful looking car from what photos were on the site. Anyone have the VIN of this car?

UPDATE: I asked over at PY. These were supposedly comments made by the seller who was dumping some of his cars in need of work:

[Mr70]

A lot of internet bids are winning the cars at MECUM in Glendale AZ. right now,meaning looks like not as many bidders are there in person today.

[Billohio]

as big as the arena is, it makes it look like very few people there from the TV. Are the cars all in the arena or do they have tents?

[NorCam]

Been watching the auction today. Some cars going below value, many not hitting reserve, and others doing well including the Chevelle LS6 convert. Does anyone know the deal with the GT500 going for 57K?

[Lee Stewart]

Highlights

Shelby no. 00498
427 C6AE engine
4-speed manual transmission
Power steering and brakes
Fold down rear seat
Restoration work done in 1989
Driven 700 miles since restoration
Listed in the Shelby Registry
Same family owned for 36 years
Prior ownership documents
Copy of the vehicle invoice and production order

https://www.mecum.com/lots/AZ0320-42...t500-fastback/

[NorCam]

Pair of Hemi Cuda's both stalling out at 130K. Has the shine begun to tarnish on the Hemi cars perhaps?

[Lee Stewart]

^^^^^^^^^^^

https://www.mecum.com/lots/AZ0320-40...uth-hemi-cuda/

Description says nothing about original drivetrain.

https://www.mecum.com/lots/AZ0320-40...uth-hemi-cuda/

Claims original hemi but it's an auto