Mecum Auction COPOs everywhere

[JChlupsa]

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I want more rust! When is the last time you heard someone say that?

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how much more, got an address i can send it to

[RamAirDave]

I'm in the younger demographic, younger than most involved in this hobby of musclecars. Everyone I know in the same group likes these cars, but not interested in purchasing one or even learning a whole lot about them. This includes the concept of #s matching or low production figures. When I discuss the market of these cars, they shake their heads in disbelief. "That's crazy" is a common description.

If they were interested in the purchase of one of these cars, I would feel safe to say that they wouldnt be interested in a 6-figure perfect resto car, and surely wouldnt have it only to let it set in the garage which is where many of these cars end up.

dave

[firstgenaddict]

[ QUOTE ]
I'm in the younger demographic, younger than most involved in this hobby of musclecars. Everyone I know in the same group likes these cars, but not interested in purchasing one or even learning a whole lot about them. This includes the concept of #s matching or low production figures. When I discuss the market of these cars, they shake their heads in disbelief. "That's crazy" is a common description.

If they were interested in the purchase of one of these cars, I would feel safe to say that they wouldnt be interested in a 6-figure perfect resto car, and surely wouldnt have it only to let it set in the garage which is where many of these cars end up.

dave

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The guys (28-35 years old) that I am friends with also love muscle cars and we all have multiple cars. Most of us have had them for a while, some since high school. The prices have gotten out of reach for all but the most fortunate, but then again that is what adds to the story of the cars, everyone remembers when the cars were around for cheap $$$.
Or we knew someone who drove one...etc.
Some of the more obscure or lesser known muscle cars will probably be the losers in all of this... the also rans.
The popular cars, the documented car, and the original cars will always have a following.

Think about it... the prewar cars with Mystique are the ones that still bring the big $$$...
It will be the same thing for the muscle cars, the ones that have Mystique or a large following those will be the ones that that will be collected in the future.

[70CitrusZ]

my.02
1) Most prices are balooned way out of proportion right now.
2) The regular enthusiast people who own these cars for anything other than an investment wouldn't or couldn't pay the dollars it takes to buy them right now, those enthusiast people are mostly currently "sellers or keepers".
3) Once the "investment interest" moves on to something else, and there is a new "status symbol" for the rich, prices will drop. Right now muscle cars are the flavor of the week.
4) Any substantial increase in interest rates and the prices will start to drop out of the muscle car movement.
5) The prices of clone cars is an indication how far out of reality the prices are right now. Who pays 100k for a car you can build for 35??
6) If you need a yardstick to measure this by, just look at what happened to the hot rod market. A car that a few years ago would top a couple hundred grand now stumbles to fetch 75k. True, the good cars maintain "a value" of some kind, but there isn't the "status quo" inflation on them that there was.
7)Muscle car prices in general will go down. its just a matter of time, I give it less than 5 years for the first drop to prices with both the most expensive cars, and the lowest valued cars taking the largest hits first.
Mark.

[P.J.]

well Let me tell you a story,
I have 4 daughets and the two oldest asked to go to the first school dance a few years back.So I told them they could go if I drive them with my 70 chevelle ss l78 4 speed.
Well they alost swallowed their tongue at the thought of them arriving at the parking lot dance in this old chevelle"
However they finaly reluctanly agreed. Friday night came they got all dooled up and I got the Chevelle ready to go.
The school was only a short distance away and I arrived at the parking lot in 1st gear (m22) to make all the noise The car could muster. Drove right up to the crowd and stopped.
All the Youg 13 year olds about 200 of them. boys imedialy left their girlfriends standing on the dance floor and ran towards the fire breathing Chevelle. As the ladies got out they were deluged with popularity and the boys were amazed that their dad drove such a car.
The next dance came along and they could not wait to have me take them again.
So much for the youg not loving the muscle cars.The only thing that concerns me is the price of such cars most of them will only be able to dream about owning one.

Peter

[PPPJJJFFF]

Interesting predictions. However. I'll wait to see what this market looks like (especially for Hemi-E bodies, Yenkos, Copos and some of the other rare Super Cars) after the new Challenger and Camaro are back for the next "muscle Car" bonanza! That will surely bring alot more buyers into this arena! Just my prediction.

Patrick

[king_midas]

Someone asked what I like about the old stuff-- Uhh, get my hands dirty a few times a month; go to the garage, smoke a few cigarettes and drink some beer, and hang out. Maybe take a drive once a month when work and responsibility don't have the golden handcuffs on me. Fun a couple of times a month should not cost me $75K, which doesn't include garaging, parts, GAS (yikes!), etc... Doesn't quite seem worth it to me...

But, in reality, it goes even further than the stupid prices and non-drivability factor... I think the kids of today simply think that old people hoarding parts and treating them like idiots have caused them (the kids) to do their own thing. And maybe even out of spite, they purposefully steer clear of all things SS and v-8. Put simply, they have the choice to buy Mustangs, Camullets, and Corvettes-- Late models are priced similarly to the hot imports... But, they don't buy those cars. They're not interested. Even futher, they're flying their own flags, and that's that.

If you guys were smart, you'd all start buying early '70's imports, like BMWs, Porsches, VWs, Datsuns and Toyotas... Those cars are cheap, fun, modern construction, and the kids are all into modifying heritage cars of what they drive and hotrod today. I said it first-- King Midas, the Oracle.

I lived and worked through the dot-com crash, and do you know what one of the major factors was regarding the dominoes tumbling? All of those businesses were inner-connected-- They sold their stuff to each other. Once the market started to fall, they went like dominoes because they lost their business network. That is a likely analogy as to what will happen with musclecars.

And yes, my father taught me how cars worked and how to take care of them. How a cluster gear works, how to set point dwell, what abuse will break a u-joint, etc... I now know more than him, and I probably know more than some of you. But, does that mean that I'd step up to the plate to buy that 7-second '69 Z that gets 10 mpg, idles like it's mad at something, no A/C, and is akin to being in a relationship with a hot chick that you cannot trust, and though she looks great, she doesn't really run or handle all that well. Maybe if she were priced under $10K and you could actually have fun with it on a budget... At present prices, it's the old man vs. the kid-- That Z will be traded between home equity borrowers until the money runs out, and the last guy stuck with it will wear a frown.

There is still hope that I can pick up that Z for under $10K....

[70CitrusZ]

Yes... I am 44yrs old and I remember the days back when I was a teenager,and I first lived, ate and slept muscle cars, my very first car was a 1965 malibu ss I bought from the original owner in 1976.. people thought I was stupid for fixing up old worn out cars, but appreciated them when I was done..
I am a muscle car guy, have been all these years, and I like to own muscle cars because I like the way they look, I like the way they feel,and I appreciate the historical significance of them.
Fortunately, I still have a muscle car purchased prior to the price hikes. Unfortunately, I would never be able to justify spending the money it would take to buy some of the other muscle cars I would have liked to own...Actually, I couldn't justify spending the money to buy the one I already have if I didn't already own it.
That is the sad part about what the prices do to the hobby. It takes the cars out of the hands of those who appreciate the cars for what they are, not for what they are worth.
Mark.