World Record Price for Yenko Camaro?

[Stuart Adams]

I have felt for a while the economy in general (some areas are great and some suck)is average at best. It would be much better if we paid less out on welfare, criminals and prisons, etc.
As far as this car goes, what a beauty. I find it interesting that WW Muscle had the car listed for 12-18mo. with price around 150 or so and couldn't sell it and now it goes for 275K, go figure. I think cars are like the economy - if you find the right person wanting the right car chances are good you will see top dollar paid, just like a house of the same square footage is 100K in one place and 500K in another. Maybe the guy that bought it just sold a house and made 500K from an area where the economy is good!

[hvychev]

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Anyway getting back to the cars I also notice all the mags pushing the high prices and how everyone know thinks their car is worth 100K


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Highly doubt you will see prices of Real Estate drop.....level off maybe but drop???

[Belair62]

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Anyway getting back to the cars I also notice all the mags pushing the high prices and how everyone know thinks their car is worth 100K

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I just don't get this statement...translate please

[LVCamaro]

It means you should sell me your Yenko Chevelle for $100K.

SS

[whitetop]

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I just don't get this statement...translate please

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No reference to what you think real or imagined. Prior post did not even come to mind whenI typed that. 100K was a good round high number.Just looked at the new Mopar Muscle mag yesterday about ridicoulas car prices everyone thinking their car is worth 100K i.e. BJ prices.

[AutoInsane]

When the "money makers" got involved in the buying and selling of cars is when it got silly in the 90's. When something becomes a commodoty, to be bought and sold, is when the perspective of value is lost. If you are buying a car as a pure investment you are definitely taking on risk and with risk can come big gains or big losses. Just take a look at Ferrari prices in the 90's.

Here is a company that puts it all in perspective. They chart car prices to gain some sense of the history of the price trend:

TobinResearch.com/catalog/

[whitetop]

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how much of a dive did the prices of cars take...actual examples would be helpful.

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An example I remember was in Mopar Collectors Guide ( I think) was guy that bought a Hemi Roadrunner at auction for 40K and was offered 45K as he was loading it up on his trailer and one-two years later had it for sale for 25K with no offers.

[firstgenaddict]

I see Tulips in some speculators futures!

[TMagda]

I think real estate is bound to level off and maybe decrease slightly in the near future. Why? The discretionary portion of salaries (for salaried emloyees) has been decreasing and will continue to do so. 2 big reasons, the cost of health insurance and the decline of social security. Employers can no longer affford to pay the full load of health insurance and are passing more of the cost to the employee. My company's increase this year was roughly 2x the average annual raise putting our employee at the same level of discretionary as 2 years ago. With large companies bailing on defined benefit pensions and SS failing, employees are becoming more and more responsible for thier own retirement savings. This also reduces discretionary spending. I know a lot of people on this board are self employed, but I'm sure a lot of have employees and have experienced the heath insurance dilemma. It seems that instead of anyone addressing the problem (health care too expensive) most are working on the symptom (how do we pay this, this year). I believe the majority of the US workforce are employees and therefore subject to these issues. Most people I know are running 2 income families to pay for their homes. I also have run across some 40 year mortgages. That cannot be good for the kids either because they sit in daycare 9 hours a day.
Thoughts?

[WWMCMike]

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As far as this car goes, what a beauty. I find it interesting that WW Muscle had the car listed for 12-18mo. with price around 150 or so and couldn't sell it and now it goes for 275K, go figure.

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When I first bought the car almost 3 years ago, I priced the car at $165K. I then took it off the market, within 3-4 months, and we liked it so it basically was not for sale. I turned down $200K for the car numerous times before taking it to the Houston auction and selling it.