Hemmings Eweekly(14 Sep 06) Rising Pontiac prices?

[mockingbird812]

Not much worth posting from this periodical lately. However, this one caught my attention. They are using the purported sales from this Doylestown outfit as a barometer of Pontiac rising prices. Any thots?

Muscle Cars
Pontiac Muscle Prices Out of Control
You’ve read all about Mopar muscle being the hottest thing on the planet. Well, it appears that Hemi and 440 Six Pack cars, while still overpriced, are coming back to earth. We know of a Hemi Superbird that recently sold for $120,000. That is substantially less than a year ago.
Meanwhile, Anthony Calderaio of Custom Classic GTOs, Inc., in Doylestown, Pennsylvania, told us of some recent sales of GTOs. Check these out: 1970 Ram Air IV black Judge convertible at $535,000; 1969 Judge convertible, $350,000; 1970 Judge convertible with a Ram Air III for $425,000; and a plain Jane ’70 convertible, but with a 455, four-speed and factory air for $180,000. In some cases, these prices are 100 times their original list price! We also know of a confirmed sale of $1.3 million for one of the very rare 1969 Trans Am convertibles.
“GTO prices were suppressed, but now people are starting to realize that they are worth as much as Mopars and maybe even more, because they are full-framed cars—which were better made, of better quality and with creature comforts,” Calderaio said.

- By George Mattar

[mockingbird812]

I see that this was already listed earlier today by pacecarjeff. My point is that I have heard of seemingly unbelievable prices of GTOs being sold from this outfit but have never heard that they were verified. Does anyone know if these prices are legit?

[GTO_DON]

DEFINETLY NOT LEGIT. HE'S NOT TO BE TRUSTED AT ALL.

[Pacecarjeff]

I was at Daytona last November, a guy was there with a 70 Judge Convertible RAIII for sale.
He wanted $125K.

I thought that was absolutely crazy.
I guess I should have bought it.

I just really don't see how this can continue???
Reminds me of the late 80's when the Ferarri's were all selling for Millions.

Just a matter of time before the crash.
Hope I am wrong, but i don't think so.

They are just cars?

[Bill Pritchard]

[ QUOTE ]
We know of a Hemi Superbird that recently sold for $120,000. That is substantially less than a year ago.


[/ QUOTE ]

Could be, but I think we'd need to know a lot more details to determine if the Hemi sky is really falling.

[PPPJJJFFF]

That's pretty funny stuff. I love the fact that they don't describe the condition of the Superbird! Try buying a nicely restored or original Hemi-Superbird for the money quoted. Who wrote this? A Pontiac collector.

Patrick

[Canucklehead]

What about the 1.3mill trans am deal, anybody know anything about that......Charley?

[Bill Pritchard]

[ QUOTE ]
Who wrote this? A Pontiac collector.

[/ QUOTE ]

Patrick,

Better read that a little more closely.....the Hemmings writer stated that they (Hemmings) know of the $120K Hemi Superbird, not the Pontiac guy.

[Charley Lillard]

Yes that was Milts Trans am convert. It then sold again.

[PPPJJJFFF]

[ QUOTE ]
[ QUOTE ]
Who wrote this? A Pontiac collector.

[/ QUOTE ]

Patrick,

Better read that a little more closely.....the Hemmings writer stated that they (Hemmings) know of the $120K Hemi Superbird, not the Pontiac guy.

[/ QUOTE ]

Not that Pontiac prices aren't going up. Maybe they are. But come on! A Hemi-Superbird for 120K. I think they should give some more details on that sale. That's probably the market for a mint 440-4 car on its best day. But certainly not a Hemi.

As far as re-reading the article. It may be a "Hemmings" guy who is also a Pontiac collector.

Patrick