Musclecar value question

[Denis]

i believe the hemi values are as they are because of 2 individuals -- bill w and dave c -- singlehandedly cornering the market and driving prices up past $1m and more. e.g. 2006 b-j feature ragtop hemi sells for $2m, from dave c to bill w.

it's remarkable but not sustainable.

[442w30]

The answer is simple - supply and demand.

I just never thought the Chevy guys would be complaining about values. Perhaps they aren't used to taking a back seat to a Mopar?

[rich p]

I know about the ZL-1 Corvette that John owns.I have a contract of sale to one of my clients..

[PPPJJJFFF]

[ QUOTE ]
I couln't agree more..... and note by my signature that I'm not biased at all :-)

I'd like to see a Hemi Cuda be clocked at 220 mph down the Mulsane staight at the 24 Hours of LeMans like the L88 was in the early 70's!

Seriously, it was pretty apparent at Mecum last week that Hemi's were coming off the "bubble" with many being bid to lower numbers than at Mecum Rockford or B-J.

However, the deep pocketed baby boomer who buys a hemi car, probably has more "bragging rights" at the country club....all his buddy's have heard of hemi's, but you almost have to be a real hard core car guy to know much about the signifigance of an L88.

Just my $.02.

[/ QUOTE ]

A couple of notes. 2 Hemi cars at Mecum doesn't define the market. Same as the low bid COPOs. And auction is an auction!

As far as performance goes. Did you see the F.A.S.T. on slicks shoot-out between the Stage 1, Hemi and L88 from early September.

Patrick

[TimG]

The orange ZL1 was at the Vettefest two years ago and the owner and car were are both amazing. I believe that it is a true ZL1 Corvette. I also agree that the L88's are certainly more collectable than most Hemi cars. Now Paul and Steve, can I have a ride your L88's?

[Charley Lillard]

[ QUOTE ]
i believe the hemi values are as they are because of 2 individuals -- bill w and dave c -- singlehandedly cornering the market and driving prices up past $1m and more. e.g. 2006 b-j feature ragtop hemi sells for $2m, from dave c to bill w.

it's remarkable but not sustainable.

[/ QUOTE ]

How on Earth do you think Dave C had any part of conering the market ? He had 2 Cudas and a Challenger and he bought them before the market went crazy. Don't you think MiltR selling his for 1 mil was a milestone in musclecar history and had a bigger effect than Dave selling his car a couple years later at Barrett-Jackson ?

[sYc]

[ QUOTE ]
.........Don't you think MiltR selling his for 1 mil was a milestone in musclecar history and had a bigger effect than Dave selling his car a couple years later at Barrett-Jackson ?

[/ QUOTE ]

No doubt a milestone..

[Denis]

[ QUOTE ]
...Don't you think MiltR selling his for 1 mil was a milestone in musclecar history and had a bigger effect than Dave selling his car a couple years later at Barrett-Jackson ?

[/ QUOTE ]

You gotta get up pretty early to put one past Lillard. You're right, Charley, I forgot the dentist car that started it all. Where is that car now?

[442w30]

I believe that was the blue one (there are two) and that one ended up in Scottsdale via OK. Could be wrong . . .

[tom406]

The ZL1 roadster is apparently orange, it looked red in the picture, but anyone who tries to photograph red/orange cars knows how difficult it is to get a true representation.

rich p - your message is a little cryptic, do you mean your client has a contract for first rights to buy if the seller gets the itch, or is your client in the process of purchasing? Not to pry, but you put that out there..

I would have to agree with the supply and demand. While those two guys may be among the more visible, the market was only "cornered" from the standpoint that guys like Kevin S were sitting on their collections, and the low key longtime owners weren't inclined to sell until prices got crazy. Bottom line is more enthusiastic millionaires were in the market than there were cars. Corvettes, for reasons I don't entirely understand, were really late to the party in this last "boom". Musclecars preceded the rise in value of the significant Porsches and Ferraris this time, and one could make the argument that Corvettes (and to a certain extent, Shelby Cobras and '65-67 GT350's/GT500's) really follow that market more. In my experience, many Corvette and Shelby guys are sports car guys trying to convince themselves that Vettes are not really Chevys and GT350's aren't really Fords.

And no, I doubt those guys ever jumped railroad tracks in Roadrunners while blasting "Paranoid" on the 8 track and didn't lose their virginity in the back of a Chevelle to the romanitic tones of "Stairway to Heaven" after seducing their companions with adequate amounts of Pabst Blue Ribbon (or equivalent regional brew).

To be fair, they shot sparks after bottoming out their Austin Healeys on the train tracks, and lost their virginity on a blanket in a park after the Crosby, Stills and Nash concert once the bottle of Boone's Farm was emptied.

But still they drove fast and got laid just the same, so there really is more that brings us together than separates us