tirebird
Reged: 05/31/05
Posts: 225
Loc: San Francisco, California
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Hi Colin:
I subscribe to Sports Car Market and was intrigued by the Keith Martin's conclusions about muscle car prices in the latest issue. I suspect you'll agree with his assertions that the market is/has cooled for vehicles with less than stellar pedigrees and Mopar prices in general. What I found interesting was, and I may be wrong, what he wrote about muscle car collecting being an almost exclusively American phenomenon. I'm not using his exact words but that was the essence of his conclusion. I'm curious, as a collector and dealer, what you think of the future of muscle car collecting both from a financial point of view and from a geographic point of view too. Now, one important caveat. I suspect this subject is going to wear out a lot of keyboards on this and other sites. So, let me say, first of all, that this is a purely intellectual question. I'm not a collector and I'm not looking to get in or out of the "market". I do own two cars I plan to keep, the 71 BFG Tirebird, and the 86 Grand National.
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1971 BFG "Tirebird"
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njsteve
Reged: 11/21/03
Posts: 3186
Loc: NJUSA
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I would say that it is an inherently American thing because the musclecars are inexorably linked together with the era in which they arose. The rise and fall of the musclecars can be tracked right alongside the era of Viet Nam War and general American discontent with the "establishment." Musclecars were a statement of freedom: the purchase of unbridled horsepower in an age where those making up its intended market weren't sure if they'd be alive tomorrow. This type of general discontent was not as prevalent in any other country at the time.
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COPO_Anders
Reged: 09/21/02
Posts: 1238
Loc: Anderstorp, SWEDEN
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I guess the thousands of europeans who only own one American musclecar, are not considered to be collectors. But there are guys over here who own five or more.
National Geographic once stated:"Sweden is more Americanized than America itself". And I would say that collecting the American musclecar is not uncommon to us.
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Anders Stålklint
Sold my COPO 9561 after 11+ years, but not the other cars.
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PPPJJJFFF
Reged: 12/16/03
Posts: 423
Loc: New York
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Quote:
I guess the thousands of europeans who only own one American musclecar, are not considered to be collectors. But there are guys over here who own five or more.
National Geographic once stated:"Sweden is more Americanized than America itself". And I would say that collecting the American musclecar is not uncommon to us.
What's their problem with Oldsmobile muscle?  
Patrick
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SMGCO
enthusiast
Reged: 06/08/03
Posts: 294
Loc: california
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Quote:
I would say that it is an inherently American thing because the musclecars are inexorably linked together with the era in which they arose. The rise and fall of the musclecars can be tracked right alongside the era of Viet Nam War and general American discontent with the "establishment." Musclecars were a statement of freedom: the purchase of unbridled horsepower in an age where those making up its intended market weren't sure if they'd be alive tomorrow. This type of general discontent was not as prevalent in any other country at the time.
Nicely and accurately said.
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andy tantes
Reged: 02/10/06
Posts: 669
Loc: dublin ohio
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it's also nice to hide 500k of pre tax income in a 37 year old car.
so what if you lose 50 grand when you dump it a year later,you didnt pay the IRS 250k
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427king
Reged: 08/15/06
Posts: 3134
Loc: Graceland
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Quote:
it's also nice to hide 500k of pre tax income in a 37 year old car.
so what if you lose 50 grand when you dump it a year later,you didnt pay the IRS 250k
Not only will you "only lose 50K when you sell it", you will also now have 450K of income[even though you lost money !]that you cant claim a cost basis against since you paid for the car in cash.And thirdly its against the law. Somehow none of the three sounds like a good option.
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427king
Reged: 08/15/06
Posts: 3134
Loc: Graceland
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Does anyone know where the results of the last russo steele auction are posted??
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andy tantes
Reged: 02/10/06
Posts: 669
Loc: dublin ohio
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Quote:
Not only will you "only lose 50K when you sell it", you will also now have 450K of income[even though you lost money !]that you cant claim a cost basis against since you paid for the car in cash.And thirdly its against the law. Somehow none of the three sounds like a good option.
youre assuming that any of this transaction would be disclosed,right? 
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mockingbird812
Reged: 06/04/04
Posts: 5734
Loc: Puh-hone-icks ('Buckeye' born ...
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Quote:
Does anyone know where the results of the last russo steele auction are posted??
If you are referring to 07 Monterey, check here but does look like they have posted numbers yet.
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Sam
Fire all of yer guns at once and...
explode into space!
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