$5 Million Dollar HEMI CUDA Convertible!!

[SamLBInj]

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I don't think they had SCMODS then...and I couldn't get out from the back seat unless they opened it from the outside for me.

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Ahh, the olden dayz, remeber those well..

[njsteve]

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You gotta be kiddin... you could take 2 zeros off the end and i'd still think it was overpriced...

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It would still be overpriced at 300K. Real value is probably around $140K. There is rare (a 4 door hemi car) and then there is rare and valuable (a hemicuda ragtop).

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Math lesson for the day... if you take 2 zeros off of 3,000,000 it becomes 30,000, not 300,000.

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Hey I got a F+ in math back in high school.

[SamLBInj]

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Hey I got a F+ in math back in high school.

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My Math teacher flunked me too, a couple years later we met at a bar and I wound up flunking her, twice

[PPPJJJFFF]

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Hey I got a F+ in math back in high school.

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My Math teacher flunked me too, a couple years later we met at a bar and I wound up flunking her, twice

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My favotite part of this thread. Patrick

[Charley Lillard]

I'm in the 30K camp on that one.

[Chris396]

I don't know what to think of this market. I am also glad I'm not in the market for a house either. I don't doubt a Hemi convertible is worth a lot of money but 5 million? I see people talking about about thier 1200sq ft houses worth half a million with a crazy look in thier eyes too. Maybe I'm a pessimist but when regular people tell me the value of something will only go up that's when I want out. I think the prices will stay up and the days of cheap muscle are over but this market has gotten silly.

[mrriggsohara]

We shall see what the 4-door hemi car brings at the randworkman auction. Obviously most folks have NOT owned 20-30 collectible cars at the same time, because if anyone had they would know that once you own all of the rarest and desirable cars in the world, you begin to search for things that no one else has. The 4-door car up for auction is the only one in the world available for sale. One is in Don Garlits museum. He won't sell his for $5 Million (he himself said that). The Canadaian export belongs to the same guy who owns the car up for auction. He will not sell more than one of his cars. The final car is in Finland, not for sale.
Question: Why would anyone pay $100,000,000 for a piece of canvas with oiil on it? For example, a Van Gogh painting. The answer. Because they collect "rare" art. Why would anyone pay $3,000,000 for a 1971 hemi cuda convertible? Because it is a 4-speed 1971 hemi cuda convertible. Regarding the 4-door car: People who already have it all want what no one else has. This car is it. I know of offers on the same car of $1 million dollars almost 10 years ago before a single hemi cuda convertible of any year sold for so much. People with a lot of money dictate the prices and verify values by their willingness to purchase. This particular caliber of collector thinks differently than us common car lovers. We own Yenko Camaro cars. Some of us have paid up to hundreds of thousands for our cars. How could anyone state that a 4-door car of less than 4 built out of 11,000 is worth less than a Yenko Camaro? Answer: Ignorance and lack of wherewithall. How dare people insult others far more advanced in the art of collecting automobiles, someone such as the owner of the 4-door hemi car for sale on line for $3,000,000, when you have no idea what it means to have a full collection of valuable muscle cars (hemi cudas, yenko camaros, LS6 chevelles, 435 hp Corvettes, shelby mustangs, etc) and after this still crave individuality.
If the car sells for less than millions, I will have been speaking out of turn. If the car does sell for millions, then please take this message as a valuable lesson. Extremely unique and rare cars are worth what someone is willing to pay for them. Before they are sold, they cannot truly be appraised. There is nothing to compare them to.
By September 11th, we will know the value of that wierd 4-door hemi car. I am willing to bet that the 1971 hemi cuda does sell for $5,000,000 plus, and the 4-door hemi car, no less than $2,000,000.

[Verne_Frantz]

I don't know who "ohara" is, but I think he has the right view of what's in the buyers market today. In my opinion, he has explained how these cars are now in the same category as fine art, and why they will reach the values we will see better than anyone. I also think it's a shame. Read his post again and again until it soaks in. That IS what is happening.
Are the people willing to pay these prices "car guys"?? Maybe to themselves they are. And definitely in a very different catagory than most of us. I guess what this means is that, most of our dream cars will always be just that - dreams. And NOBODY will ever experience the thrill of driving one of these cars. After paying that much $$$$ for one, it is truely only a collectible,
whether it is on the wall or on the floor.

This will create a tidal wave in the hobby. Investers will scramble to purchase the rare cars, and pay almost anything to own one, for it's "investmate" value. I wish the stock market was doing better so the cars could be left to the hobbiests..............

[Charley Lillard]

Welcome to the site Riggs. I based my opinion on it's looks. a Yenko looks good. A 71 Hemi cuda looks good. a 10 million dollar painting usually looks good. There are rare Edsels but they don't sell for much. Yes the 4 door car is low production but it does nothing for me. I sometimes enjoy just sitting and looking at my cars because they look neat. I don't think I would look at the 4 door car the same way. You seem very sure the convert will bring the 5 mil and the 4 door will bring 2 mil. Do you know more that you are telling us ? I had heard a rumor that the convert had already sold along with many others. Any truth to the rumors ? Will the Hemi Coronet convert sell for 1 mil ? Don't take too much of what we say too seriously on this little sight. This is not the ABC evening news.

[njsteve]

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How could anyone state that a 4-door car of less than 4 built out of 11,000 is worth less than a Yenko Camaro? Answer:

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Answer: because it's a four door.

Gee, In 1986 a real four door Impala with a 427/425 and a four speed beat my real 1971 Hemicuda convertible at the Supercar Showdown. I guess that particular four door must be worth at least 7 million now because it was just as rare as my hemi ragtop. I will say it again, there's rare and there's valuable. They dont always equate to the same thing, that being $$$$. Just because something is numerically rare, doesnt mean it's inversely, numerically valuable.

You might want to check the website of the auction you mention and click on the "terms and conditions" It actually says that the following:

"3. Unless the sale of an article is advertised or announced to be otherwise, each lot is offered subject to the reserve price of the Seller. When an article is sold with reserve, the auctioneer may bid on the Seller's behalf in an amount not to exceed the reserve price."

That is very scary fine print. Forgive my ignorance but doesn't that mean the auctioneers can throw in shill bidding to build up the price just below the $3,000,000 reserve on that four door hemi, just for the records books?

I am actually going to the auction and I'm bringing the Z11. If it sells, the amount it brings won't even be a quarter of the sales tax on one of those hemi ragtops. I will make sure I bring my camera...this one should be interesting.