Mine will never be for sale until after I am gone and then I doubt the "heir" will sell either. Some things just can not be bought. I doubt high fuel hurts classic cars like our's. Most are not on the road everyday, one reason our isnurance is cheaper. Agerty for 15 grand, 150 per year.
Bay, that is one good looking coupe. Must be the wheels. Is it lowered? I spend a lot of time in the Bay area working some for a GMC motorhome repair facility as field rep.
Dan

 

The way I see things going the prices are only going up. The tighter the economy the less money for "the common person" to have to spend on a classic, so the only people to buy are the people with lots of money and not necessarily looking for a deal but something that there buddies don't have, so increasing the price of classics. They don't buy the half assembled or ones that are not finished, but the ones that are completed and ready for the "garage" shows, thus bring the prices up. The cars in the fields stay there and have to wait for people like us to revive them, a guy with money is not going to get his hands dirty, most of them...Unfortunatly this doesn't reflect the true value of our cars but does inflate them because of the "I seen a car like mine go for that so mine is worth that" syndrome. I can go on, but I'll stop. This makes me mad because I can't afford to bring a dieing car back from the "grave " because the guy thinks he's sitting on a gold mine, and so the cars sits, rotting away becauseI can't afford to pay Barret Jackson prices for junkyard cars.....[:@][:@]

 

+1

so true so true. i find stuff all the time that i try to buy at a reasonable price, the owners wont come off of it. not racial or anything but African Americans are a lot less likely to sell a car than a Caucasian, don't know why just been my experience.

 

I'm glad you brought this up. Truth be told, part of the reason I asked to begin with was because... for reasons that have nothing to do with the car itself... I have mine listed for sale. It's certainly not a junk heap, and has the worst part of the body work already done. I have no illusions that it's a goldmine, and I know I will not get back anywhere near what I have put into it, but I don't want to just give it away, either.

A year ago I asked around here, and based on the description I gave, was told around $5K-ish. That was just a guess by others, of course, but it seemed reasonable. Now, I'm wondering if that might have gone down some because of the economy. I think it's a great project, but it does need some time and effort to get it back on the road, too.

 

MORE SO than affecting value it affects how much I drive mine now!!gas is killin' me!!!![:'(]

 

There has been a tremendous increase in the price of all vintage cars recently and this parallels the bubble in real estate and cheap credit. Look at the Barrett Jackson auctions where 50-60 year old men (aging boomers) have been paying ridiculous prices for muscle cars. When you see someone pay more than $125,000 for a hemi Cuda then you know the market has gone nuts.

The buyerslook like people who have struck in rich inreal estateor contracting or some other new money business. They aren't doctors, lawyers or Wall Street types. And of course there are probably a lot of speculators. Well the cheap credit is gone and the RE market is crashing and taking lots of people with it.

Take a look at the Ebay prices for Boss Mustangs. They are outrageous and everyone thinks that their 1970 Boss is worth $85,000. Just a couple of years ago my brother and I went and inspected an original 1970 Boss that was clean with NO rust. It was a California car that was all there and just needed restoration. My brother didn't want it since he figured that a Boss 302 wasn't worth $32,000. That's what it sold for on Ebay.

Then there is the segment of the market that most of us on this board are in and that is the enthusiast who is fixing up their own car just like Americans have always done. With the economy going into the dumps for the average Joe Ithink that the market for old cars will go south, too.Look at the level of sophistication and money people put into restoring or modifying Mustangs today.In 1965 when the GT350 came out, it was expensive and radical. Todaythe level of modification ismodest to say the least.

I went to a local restaurant Saturday night at 8pm.There wasn't a single personthere and I've never seen it so empty. While I was eating 4 other customers arrived butthe local news in Los Angeles has already reported that restaurant business is noticably down. The highcost of gas, the credit crunch and the staggering losses in the real estate and building business have allput the brakes ondiscretionary spending.

There are only a few people like Jay Leno out there andthose people will always be able to afford classic cars.The market for muscle and classic cars is as inflated as real estate was 2 years ago. Face it,what do you get when you buy a "real" Shelby Mustang? A piece of paper and aVIN number. That's it because for alittle bit of money you can buildan EXACT REPLICA and it won't cost you a highfive figure amout of money. Collecting anything frequently has little to do with rational thinking or true value. A Daytona Ferrari used to justify its high price because there wasn't a car made at the time that could do what a Daytona could or was as sophisticated and asbeautifully built. If you set out to make a Daytona in your garage, you'd spend a whole lot more money to replicate it than you could buy one for from your local Ferrari dealer. You can't say thatabout an Americanmuscle car.

I intend to enjoy my 1968 notchback and don't intend on selling it.My car means something to me because I once had a 1966 Fastback GT but I could barely keep it running.That was 35 years ago. NowI can afford to fix my '68 up like I couldn't afford withh my '66. Butit's insane to think that a Shelby or a Boss is worth $85,000-$125,000.

 

Excellent post.