Quote:
Originally Posted by mpetry
I'm with turbolook, these prices are driven purely by speculation in a very thin market - if one 67S goes for 200K at Barrett Jackson, then all 67Ses must be worth that. And of course the story sounds like a fairy tale, one owner, long storage, no rust blah blah blah.
At that price you would never be able to relax and drive it so you could enjoy it ! Eventually this bubble will pop just like all the others, after putting lots of commission dollars into the pockets of dealers, appraisers and auction houses.
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I'm with you. In the early 90s, I was driving an Alfa GTV6. At the time, they were somewhat unloved, so I got it pretty cheap. Well, for a VERY short time, the car got a lot of interest, and the prices shot up. I wish I had sold right at that time. Why? Well, a very nice '72 GTV was for sale in just about perfect condition. Good color combo, bone stock, one-owner - a dream of a car. But stupid me, I had the same idea in my mind as you - such a nice car, I'd never want to drive it, or be nervous doing so. If I had bought that car, and just driven it, I'd be able to sell right now at about 1000% profit. I probably wouldn't, because I like those cars and the way they drive, but still. Some cars have a big bubble that lasts a long time. Some cars have a small bubble that lasts a very short time. I think the longhoods have staying power, because they get to be fewer and fewer as the years go by, and not just due to crashes. At some point, folks won't take them out on the roads except for parades and car shows.