1970 Yenko Deuce

[Mr70]

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"One day someone will get smart and set up a sort of production line to save labor costs on restorations and also manufacture exact spec parts and sheet metal and hopefully sell it for half NOS prices, then, and only then will prices come down".

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Sam..that day is HERE

[PPPJJJFFF]

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So are you telling all your customers that your cars are overpriced and they should not buy them.


[/ QUOTE ] I think the reason cars like 69 Z/28's are selling for 50K is due to the shortage of decent ones. If you cant find a nice one then you have to find one that needs restoration and then your going to pay 25K for a car and dump 30-50K to get it back to nice condition so you over that 50K mark right off the bat. I think the prices will continue to go up and are being dictated by the cost of parts and restoration costs. One day someone will get smart and set up a sort of production line to save labor costs on restorations and also manufacture exact spec parts and sheet metal and hopefully sell it for half NOS prices, then, and only then will prices come down. Basically if you could find a beater for 10k and have it restored for 10k then you have a new 20K car. Then the others will drop due to supply and demand. I believe the safe market is the rare cars like the big block chevys and Hemis. As for Z/28's, hard to believe 50k on up for such a high production car.

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I agree! I think the 69Zs are cool cars, but because of there production #'s the up-side is limited. I think you'll see the 70 through 73 camaros start to make a move (like that hasn't already start to happen)and the Boss 302s and 383 Mopars and cars like that get bumped up some. 50K can still buy alot of car. Just not any kind of Super Car unless you get lucky. JMHO.
Patrick

[Canucklehead]

I find that these collectors that are sitting on rare muscle are now cosidering selling these cars that they thought they never would considering the market is so high. On the other side of the coin you have these baby boomers making a bunch of coin and there sitting waiting for these cars to hit the market, and when they do their ready with their checkbook and don't care what they have to pay becouse they know if it sells they may never get an oppertunity to get it again. Then those guys will sit on it and think the same thing that they will never sell, they're making money in whatever they do so they don't care what happens to the market becouse they're enthusiests not investors, they're just happy to have it. If the surge never comes around again, the family will keep that old thing becouse it was grandpas pride and joy and it's a piece of the family, it's worth more to them then anybody else. Old muscle never dies it just gets inherited!!

[Schonyenko2]

On behalf of my good friend Mr. Cumby, and myself, we resemble that.

[ORIGLS6]

Yeah, I've said this a few times lately; "I'm too damned stupid to sell anything". I'll die a pauper and my kids will retire after "the sale"!

Oh well, we're still havin' fun, eh Schonye?

[sYc]

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On behalf of my good friend Mr. Cumby, and myself, we resemble that.

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[amuseme]

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Yeah, I've said this a few times lately; "I'm too damned stupid to sell anything". I'll die a pauper and my kids will retire after "the sale"! :crazy

[/ QUOTE ] I can vouch for that! Heard it this week!

[firstgenaddict]

The worst time to get in on any "investment" is when people who know nothing about what they are investing in are touting the praises of said investment.
Just like my stock broker told me... "The time to get out of an investement is when every where you go you hear someone talking about how much money they are going to make on this or that" and the time to get is "When every where you go everyone is bitching about taking a beating and saying they are not going to put their money in this or that ever again"
BUT I will reiterate what has already been said... the people who know what they are buying are not going to be hurt IMO... it will be the people who are blindly buying mediocre (and I use this term loosely) "restored" cars with "matching numbers" that will take the biggest beating. I have had people who know nothing about muscle cars call me and say I found so and so and it is priced 10k less than what I am seeing on ebay or where ever. Then I look at the car and it is the wrong color, everything under the hood is painted black, it is missing the smog, not the right carb... and the list goes on...
What they fail to realize is that if you don't know what you are looking at then you had better find someone who does and you are better off paying 20k more and buying a known car with verifiable history and everything correct.

Muscle cars are like art you don't buy them as an investment you buy them because you like them, if they make you money that is just icing on the cake.

Cameron says to Ferris:
"He values this car more than life itself, he polishes it with a baby diaper."
Ferris Bueller:
"A man with priorities so far out of whack does not deserve such a fine automobile."

[joe1148]

Hi there Linda, Is the Duce Sold yet?

[DarrenX33]

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Cameron says to Ferris:
"He values this car more than life itself, he polishes it with a baby diaper."
Ferris Bueller:
"A man with priorities so far out of whack does not deserve such a fine automobile."

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It was on Encore last night.