• Jun 5, 2006

It's not just classic Ferraris and rare Jaguars raking in the bucks when the auction hammer drops -- extraordinary specimens surviving (or recreated) from the muscle car era continue to bring six and seven-figure bids, the New York Times reports. Why would cars that went for a few grand -- brand new -- be going for over a million dollars forty years later? Because rich boys (and girls) like their toys, and they're wiling to pay for them, the paper says.

Check out the article for a more in-depth look at changing tastes in high-priced collectible cars.

[Source: New York Times]



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  • 26 Comments
      • 8 Years Ago
      Why blame Barrett-Jackson? Ever been to an auction? It's called auction fever, and they don't set the price the folks out there in the seats do.

      It's timing more than anything, those kids that grew up and always wanted a late 50's 60-70's are at a point where they can afford it. So let them. Hey why are we hanging on to money for our kids sake, let them make it on their own.

      I'm just about ready to buy a 1960 Buick Invicta custom of which only 5200 were built. Why? It was my second car, loved it tons of great memories and here is the twist:

      Been looking for years, finally found one and are you ready for this? When I saw it the license plate was (you guessed it) my old one. I called and the owner was the guy I sold it to in 1969! He had kept it all those years. It has had a documented body off and mechanical resto and it looks great! I could have bought a nice one for 8-to 12,000 he wanted 24,500. I eneded paying 21,500. Is it worth it? To me it is.

      The market will change, the buyers will change, prices go up and down, folks will get burned.

      But what is a memory worth, that's what's being sold here and some are more than willing to pay the price to say "I had one of those"

      And some Honda's and Toyota's will bring some good prices as the generation that owned or wanted them has the money to buy them. I just saw an 83 restored Prelude go for 15,000 at a local auction to someone about 30 who said Wow! I always wanted that car.
      • 8 Years Ago
      Shoulda, coulda, woulda, never did.
      How many are saying that now.
      spiro
      • 8 Years Ago
      so is the muscle car bubble going to deflate?
      • 8 Years Ago
      The ones fetching huge$$$$$$$ are not full of bondo.I sold my '69 cuda for 20K last year.I have been looking for a 70 to 74 e-body,NO LUCK...You have to be an Idiot or like the article said people with money to burn to pay 100G's for a big block non hemi cuda.I %$#&ing hate Berret Jackson.He and all his rich clients hace escalated prices beyond reason.I gave up looking.I can't wait to buy the new challenger for 40K.Wishfull thinking maybe....

      You can buy a 100 old supras for the price of one hemi clone even...But then again who wants a Supra..
      • 8 Years Ago

      You know the Honda Accord and Toyota Camry of today will bring in the big bucks too. NOTTTTT.

      Julian Frazier
      • 8 Years Ago
      I was reading the new motor trend magazine and it had a areticle about the new camaro will be built this year is this true are this a miss print.
      • 8 Years Ago
      The comments comparing matching-numbers Hemi 'Cudas and, oh, I dunno, ZL-1 Camaros to Camrys and Accords are at best exaggerating, and at worst incredibly ignorant.

      Have you guys checked the market value on a 318-cid Polara lately? Or a slant-Six Dart? Because those were the '60s equivalents of today's family cars. They're worth pocket change nowadays, just as Camrys and Accords will be in twenty years.

      But will the same fate befall a WRX STi 22B? Or an Evo MR? Or an NSX Zanardi Edition? I think not. In fact, let's go one step further. Ever compared the resale value of a Supra Turbo with that of a same-year C4 Corvette? Asian sports cars from the '90s have held their value incredibly well, and some are already starting to appreciate (AE86 Corollas from the '80s, for example).

      Don't get me wrong, I love '60s muscle cars. But unless you're going to compare apples to apples, comments like those above are just a continuation of the domestic fanboys' usual "I-hate-Asians" diatribe.
      • 8 Years Ago
      #14, you are correct. Buyers and markets will change. Muscle car values will come down just like cars from other eras have come down to respectable levels.

      60's and 70's muscle cars were the some of the Baby Boomers dream cars. They now have the pension, IRA/401K, and home owner equity money built up to pay for their dream cars.

      My generation, generation "x" will one day be just like the Boomers and spend our retirement money on 280Z's, Magnum PI's, Lambos, and IROC Z-28s and GTAs, etc, then later Generation "Y" will purchase their funds on Asian dream cars.

      This is inevitable. You watch. even though I personally like the 60's and 70's muscle cars...more for their better looks and styling character, 40-50 years from now folks in their late 40's on up to their early 60's will be buying these special factory equipped Asian and European cars at obscene prices and everyone will complain at how expensive these things are.

      In fact I figure that the cars from the 80's to present will be even more diffcult and expensive to restore due to the complexities of the engines, electronics, and computer controls, that the Boomer's cars didn't have. Think how hard it is to find a "numbers matching" old 60's era Corvette when that term was confined mainly to matching the engine and transmission, and now think of how hard it will be for "numbers matching" for the computers, various original engine parts, original stereo systems, and VIN decoded body panels and glass that modern cars have whereas the oldies didn't rely on.
      Considering the extent to which youngsters today modify every little component of today's cars you can see how hard it will be to find perfect original Preludes, Imprezas, EVO's, etc.....
      Brent
      • 8 Years Ago
      You know what gets me...........all these kids that cant even spell these days.I think they should be in school and studying rather than out driving their mom & dads car at 70 MPH on an exit ramp.16 yrs old and knows all about old 60s cars,yea right
      • 8 Years Ago
      I don't mind Barret J so much. It raised the value of my 300 a grand in the last year, only because some fool paid 80K for a perfect one....

      /parked outside at work right now
      //going to be a great ride home after work
      ///top down 75 degrees
      • 8 Years Ago
      In regards to the so called new muscle cars, we are still on the fence. Being a current C6 Corvette owner and a 60s muscle car fanatic, I really have not seen anything that has the look and feel of the true and still original muscle cars.
      • 8 Years Ago
      Well someone has to love those ancient rolling rust bucket dinosaurs death traps with v-8's. So why not make a profit off those idots that are willing to buy them.
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