Musclecar prices and the possible recession

[the427king]

https://www.yahoo.com/entertainment/...144712828.html A good thing.

[RPOLS3]

Spring Jefferson cancelled

[JoeC]

"51st Annual CSRA Spring Swap Meet
May 3, 2020
Attention, Attention. Due to the Chinese Virus we have had to cancel our Spring Swap meet. It will be back on for next year, the first weekend in May. "


I have been going to this swap meet for over 40 years and got a lot of cool stuff there so will miss going this year

[Lee Stewart]

Where the Chips Fell at RM Sotheby’s Palm Beach Online Auction

Last Friday and Saturday were the final two days of RM Sotheby's annual Palm Beach collector car auction, which was moved to a virtual online auction room following social distancing guidance from authorities. How were the auction results? All told, not at all horrible given the current economic uncertainty and the last-minute format change. RM Sotheby's sold 69 percent of its inventory, and while that's not a strong figure in a typical collector car auction, this sale was anything but typical.

Of interest, RM Sotheby's notes that it had nearly 900 registered bidders for the auction, which is claimed to be 23 percent more bidders than the average in-person registration for the past four RM Sotheby's Palm Beach auctions. Some 36 percent of those bidders were new to RM Sotheby's, which means this online sale helped reach out to buyers who don't frequent traditional live classic car auctions. We'd guess there were also a fair number of folks looking for bargains. Though many cars failed to meet even their low-end pre-sale estimates, it seems that classic mid-century American cars from the '40s, '50s and '60s, along with pre-war cars, were the hardest hit with many going unsold. We'll venture that buyers for those cars are fewer and fewer, and buying a car online just isn't for septa- and octogenarians. Here are seven cars that caught our eye and will help shape the 2020 collector car market going forward.

https://www.msn.com/en-us/autos/enth...cid=spartanntp

[Tenney]

^^ Bring an RM! ^^

[RSSSfan]

Originally Posted by Steve Shauger

One variable not factored in to US statistics are the # of people who are infected that have not been tested (due to lack of kits or symptoms). Hopefully the death rate will drastically drop.

I know this post was made a couple of weeks ago, but a thought occurred to me in reference to comparisons of COVID19 to H1N1. Yes, the fatality rate for CV19 will probably drop because more mild cases will be disclosed through testing, but how many H1N1 cases also went undetected? I don't recall a big push for widespread H1N1 testing back in 2009 (although that was ten years ago, so maybe I'm just not remembering it). So I guess my point is that it may not be a valid comparison, since we don't really know how many undetected, relatively mild cases of either illness there were/are. However, I have read that CV19 has a mush higher transmission rate, i.e., much more contagious, and the fact that a person can walk around spreading it for days before feeling any symptoms makes it very insidious and sneaky. I think that's what makes it so dangerous.

[RSSSfan]

Getting back on track with the hobby, too bad we can't figure out a way to park our cars ten feet apart for a cruise and practice social distancing that way. Just won't happen. I just want this to be over...

[GrumpyJeff]

Originally Posted by RSSSfan

Getting back on track with the hobby, too bad we can't figure out a way to park our cars ten feet apart for a cruise and practice social distancing that way. Just won't happen. I just want this to be over...

I know I'm getting a little off topic , but I've actually been getting my cars out on a more regular basis, during this down time . Even if its just for short solo cruises with no particular place to go. And with way less daily traffic locally. I've been noticing way more Muscle Cars & Hot rods out just Cruising as I am . I guess I'm not the only one using my Car for a little Solid lifter / 4speed escapism ?

[njsteve]

Maybe this will actually bring back more cruising events instead of parking? Imagine Van Nuys Blvd opened up for a televised rolling cruise night just to raise the morale of all the isolated Boomers out there? :-)

[TimG]

The NCRS Nationals in Indiana have been cancelled. It would have been a wonderful event. They were mid July, but all the Chapter and Regional meets up to the Nationals were cancelled, so many cars couldn't qualify for Nationals.