Autoblog

Mike @ Jan 22nd 2006 7:46PM

Is anyone else shocked by the massive increase muscle car prices over
last year. As I recall, the crowd was dazzled last year by the sale
of a 1970 hemi cuda (red coupe, early production magazine test car)
for roughly $360,000 (from memory so could be off by a bit?). At the
time, that was supposed to be a record price. This year, it seemed
dozens of such cars hit that mark, with an astonishing $2 million for
a 1970 Cuda Hemi convertible, $410 k for a 1967 Shelby GT500, $486k
for a ZL1 Camaro, $700 k for a 70 Cuda Hardtop, $650 k for a 1971
Hemi Cuda Convertible, etc, etc., etc. It seems as if overnight the
Hemi Cuda has become the new Duesenberg, with Shelbys, COPOS, L88's, Cobra Jets, and all types of Hemis not far behind.

As a muscle car lover myself (especially 1967/8 GT500's and 1967 Corvette 427's!!), I can't help but wonder what these prices will mean. Will these cars no longer be driven due to their massive values? Certainly this bubble will burst soon enough like the Ferraris did in the 1980's, but how much more could these cars potentially bring before that happens?

Just wondering what any other muscle car fans think of this???? Any comments? Check www.barrett-jackson.com for all the results.