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What will Barrett Jackson be like in 30 years?
I was just catching a bit of the Mecum auction on TV. Lots of Corvettes, Mustangs, cars from the sixties being bid on mostly by guys who are 55+ years old dreaming about the car they had (or wish they had) back in the day. Mecum, BJ, etc have become huge in the past dozen years or so because of this.
Now there will always be car enthusiasts but much has been written about the lack of interest in car culture by todays teens and twenty-somethings. Many of them don't have any interest in getting a driver's license much less a car! The high end auction houses will stick around as there will always be the upper wealthy who must have a (ever shrinking availability) 1962 Ferrari SWB/GTO... But what of the mainstream auction houses like Mecum and BJ?.
I think the demand in Muscle cars will peak as the baby-boomers start to die off and their children wonder what to with their Boss 302. Surely some will keep and enjoy them but if they sell, whom do they sell to and at what kind of price?
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Kurt
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