lunarweasel

Man, you should look into vintage guitars. Some were $265 new in 1959 and are now worth $500,000.

racin66coupe

this is completely true. while the familys making normal money will continue to stuggle. the rich will not struggle simply because they have money and they arent worrying much(if at all) and they can still afford expensive stuff. the EXACT same thing is goin on with houses in my town. the smaller houses going for 200k to like 500k arent selling at all, but the 1mil houses are selling because the rich can still afford it. kinda hard to explain

lunarweasel

It makes sense to me. Think about it this way: You make a fortune peddling these deritatives / debt to various financial institutions. Let's say, $5 million. You invest it in stock etc, and lose half that as the market has crashed. $2.5 million aint bad still!

No pretend this is your 401k, and you are retired with slightly declining health and 67 years old. Your $200,000 401k is now worth $100,000. Much bigger deal.

boss_dude_429

ok too all people who want to know some facts about the boss 429 mustang. first off the numbers in the late 60's nascar required the big 3 to build at least 500 to compete with the motor they wanted, in 1969 boss' there were roughly 1000 built, in 1970 499 exectly. this translates into the current reason why the 70's sell for so much more, now for why it has such a wider stance, yes it does, the reason it looks so funny is because the shock towers wer moved out roughly 2 inches, and the upper and lower control arms wer moved down about 1.5 inces, ta-da weird but awesome stance!!!!!!!

lunarweasel

Cool, thanks for the education. I thought it looked weird.

urban_cowboy

It is more rough than you guys give credit for it (it lived in New England)...salt bad. I should certainly be saved, but is going to be very expensive to do right. It just may cost $100-150k to do it right. I bet it does not met the reserve. NADA has the low retail at $152k, average retail at $221k, and high retail at $485k. So you buy it for $120, put $100-150k into it and sell it on Barrett Jackson as a fresh restoration.

lunarweasel

100k to restore it? Jesus.

Another way to look at it, if I were in the market for one to restore (to me, more fun than buying one already done), where would I find another, complete car? Probably isn't another one out there.

Solitear

sigh that stang is in alsome shape looks like it needs minor work but wow...wish i had cash around to buy her....

urban_cowboy

You got to figure that is one of the rarest Mustangs out there. You are not going to take it down to the corner paint booth to have the body work done. You are not going to just order Napa parts to fix stuff. It needs a professional restorer that knows how to fix it for a concourse situation. The guy on Dream Car Garage, Peter Klutt who owns Legendary Motorcar, comes to mind and they are not cheap! Heck, I bet the rotisserie, body, and paint work are going to be close to $100k with no parts. I know it is a survivor, but it is going to take 1000s of hours to get it back to original show condition.

I would take it if someone gave it to me!

lunarweasel

Oh, I agree that it would take a super pro restorer, I just figured that might be 50k ish. Totally agree.