$5 Million Dollar HEMI CUDA Convertible!!

[12bolt]

so a few months ago I put the COPO in Hemmings. I get a call from these guys asking If I would be willing to stop the sale and put it in this Auction. I never heard of these folks, But KRUSE is involved. I figured what the heck, NYC is 2 hours away and the 68 Z-28 Convertible should be a nice draw. so every couple days I check to see what cars have been added. BAM! this Convertible Hemi that was just in HOT ROD has been added to the list! should be an interesting weekend. Take a look at some of the cars entered. http://www.randworkman.com/featured_...ils.php?id=119 I imagine some High Rollers will be in town for this game! I just hope some of them are looking for a Nice Plain White COPO!!

[mr396]

WOW!

[55chevy]

It's getting to be just STUPID and REDICULOUS!..

[427TJ]

No offense Ed, but the ones who are making money on musclecars don't think it's stupid. I too am shocked when I see such prices, but then I remember that it's just supply and demand at work.

He who doesn't want the going rate (or more) for their car, please stand up and be recognized, then please explain to the rest of us the virtue of selling something for less than it's worth.

Apparently, wealthy collectors think that Hemi Cuda convertibles are approaching five million. I'll bet they'll be 10 million someday. Laughing at 10 million? Well, who in 1971 thought that a Hemi Cuda convert would ever be worth more than 10 grand? 100 grand? One million? There will always be a certain elite who will exchange such cars among themselves (for incredible sums) just as they do with well-bred race horses or Van Gough paintings or ming vases.

The law of supply and demand is what's making our "hobby" more difficult to participate in. The fewer desireable cars there are in play, the higher the prices climb. Call it "capitalism."

The law of supply and demand has also created new '69 Camaro convertible bodies.

I'm just glad I bought my '67 Camaro when I did because I sure couldn't afford to buy it today!

[Canucklehead]

Apparently, wealthy collectors think that Hemi Cuda convertibles are approaching five million. I'll bet they'll be 10 million someday. Laughing at 10 million? Well, who in 1971 thought that a Hemi Cuda convert would ever be worth more than 10 grand? 100 grand? One million? There will always be a certain elite who will exchange such cars among themselves (for incredible sums) just as they do with well-bred race horses or Van Gough paintings or ming vases.


[/ QUOTE ]


I've always made that comparison, what makes a fine piece of artworth millions??, obviously paint and canvas with a little wood around it dosent designate respectable value, so why would a bunch of metal and cloth be worth that kind of money. It's supply and demand and to me i see these cars as works of art, some see it as an investment, but what investment can you have such fun with!!

[69hurstSC]

the Z convert would look nice in Kevin suydan's collection.

[firstgenaddict]

I wonder if the prices will hold up after the generation who is paying the big numbers for the cars is gone?
During the 70's and 80's big numbers were paid for brass era cars that are not near as valuable, or at least have not had any price inflation in the last 20 years.
If the kids now want restored Hondas and Nissans in 30-40 years then I would venture to guess that the "average" muscle car will not gain the ground that they are experiencing now. The high end cars (Hemis, ZL-1s, etc)
will probably continue to rise as long as there are collectors because there are so few of them.

[Born30YrsLate]

Another thing I've been thinking about lately is in 30-40 years is the gas availability to run these cars and if there is little gas left will people be willing to pay big bucks for something that can't be driven, especially to a generation in which the majority did not grow up with these cars???...will they eventually become just garage art or will the cool thing be to retrofit an electric or hydrogen engine into them...I hope it doesn't get to that point - electric motors just don't have that spine tingling rumble while they are running.....Either way I'll be in love with these cars till the day I "pass on"

[427TJ]

We'll have to convert our cars to propane or hydrogen....

Actually, there'll probably be a company willing to produce a limited quantity of 75-octane to run in our de-tuned treasures. They'll have pity on us "hobbyists" and sell it to us at the special rate of $50 per gallon. And we'll be happy to buy it, right?

[camarojoe]

I just got some 110 octane at 5.00/gal yesterday , although I can't say i was all too happy.

The Deuce did seem to enjoy it though....