COPO prices down at Mecum???

[Paul D]

Just a thought....the stock market was very strong in the 3rd quarter and usually collectables go the opposite direction or plateau in a strong equities market.

I think it's major different from 1990 when most transaction were between brokers, and when "the music stopped" the bottom fell out. That's a lot different from today where prices may be taking a breather after two or three years of strong appreciation.

I was also at Mecum, and felt that prices were pretty strong for great cars.... especially race cars as witnessed by the Super Duty Pontiacs that were exceptionally strong. Corvettes were definitely weak, and I just wish that I would have been a bidder on a few of the COPO's.... especially the Yellow Turbo 400 Chevelle. That is one impressive car, and $150k plus commission is awfully light! Is it still for sale?

[70 copo]

IMO...Pontiac muscle is good at auction primarily due to the factory documentation provided for the cars by GM. People know what they are buying. I agree for documented cars current market is still good and strong.

[bruno17]

Just got back from a three day Mecum extravaganza.Green 69 camaro copo auto ran too late in the day on saturday and stalled at 120000. Owner was fit to be tied! Had a 175000 reserve.
Hemi superbird with low miles sold for 400000.00!!!!!!!!!
69 ram iv judge was a no sale at 120000.69 trans am in driver cond. sold for 95000.I was there trying to buy a mid year vette for a friend and thought they were strong.Some of the documentation looked very suspicious! Too many cars available in one weekend....low 50% rate of sale on friday and saturday.Too many copo's,midyearBB a/c auto cars and too many 69 camaro's to choose from.Mustangs seemed very reasonable.....resto cost was more than the sale price on many.Good cars were not cheap.Actually,they were strong in a fall market with lots of availability.Nickey camaro was sooooo cool!!!!! sold at 150000? Did any hemi cudas get put together?