Re: World Record Price for Yenko Camaro?
 

Don't bring up Enron or Ken Lay, this whole SOX404 crap we have to endure is because of that, that, ....... whatever https://www.yenko.net/ubbthreads/imag...lins/frown.gif

Re: World Record Price for Yenko Camaro?
 

He was talking about real estate not crooked CEO's...there are greedy people and crooks everywhere...

Re: World Record Price for Yenko Camaro?
 

AGAIN you are only looking at these cars as investments. If you are that worried, let me know what you have ...if I like it, I may take it off your hands.
This is a hobby to me and I have a blast meeting and making new friends and beating the pants off these cars. Last night my son came home from college (not sure if that is a great investment..just kidding). We took the Yenko to a cruise night and drove it like it should be. The whole way home all I saw a huge grin on his face. He said "that was blast, I can't believe how high the front end come up. It felt like the wheels were off the ground". That put a smile on my face. He followed it up with "when is it my turn". Life is about stepping up and going for it.

The altenative is to be afraid and worry about everything. I know where I stand...
https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: World Record Price for Yenko Camaro?
 

[ QUOTE ]
Life is about stepping up and going for it.

The altenative is to be afraid and worry about everything. I know where I stand...
https://www.yenko.net/ubbthreads/imag...lins/beers.gif

[/ QUOTE ]

I stand right with you Steve...

I absolutely love driving my car...as evidence of 600+miles put on it in the 3 or so weeks I've had it!

Re: World Record Price for Yenko Camaro?
 

https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Re: World Record Price for Yenko Camaro?
 

To quote one of the sponsors on this site who makes a living selling these cars.....

Car collectors "are not just investors", Comer says. "These are people who are enjoying the return on their investment, but enjoying the cars even more." (end of quote)

.....Colin Comer from USA Today/Thursday, 5/8/05

I would align myself with Mr. Comer's thinking. The real financial risk (for those who care) in my opinion is the person who has a high % of their net worth tied up in these cars. Musclecar prices may go up or they may go down, no one has the crystal ball. Many of us may not have been "investors" when we originally purchased our car/s but when the prices go up 100% plus in the last few years all of a sudden we are labeled "investors". Hey, anytime you're dealing with $50,000 (pick your own amount) or significantly more most people have to consider the investment angle. It's the smart thing to do.

Re: World Record Price for Yenko Camaro?
 

quote: "Hey, anytime you're dealing with $50,000 (pick your own amount) or significantly more most people have to consider the investment angle. It's the smart thing to do."

man you hit the nail on the head!

Re: World Record Price for Yenko Camaro?
 

[ QUOTE ]
Alot of buyers (including myself and many others here) could care less what they are "worth" or will be "worth"

[/ QUOTE ]

LOL.. Cmon joe everybody cares what their car is worth or could be worth. If you don't care what they are worth why insure them for actual current value?

also when charlie heard the car sold for $275K his reply was "cool" was he happy because the car sold or because it sold for $275k. I know which one I'd pick

Re: World Record Price for Yenko Camaro?
 

All good things come to an end. People who invest in cars and spend "stupid" money because they can, will lose money. https://www.yenko.net/ubbthreads/imag...lins/smile.gif These buyers artificially inflate prices. And prices would not be where they are if they would have stayed in there other investments. BJ auctions make people think there car is worth "stupid" money. https://www.yenko.net/ubbthreads/imag...lins/crazy.gif Roger

Re: World Record Price for Yenko Camaro?
 

[ QUOTE ]
BJ auctions make people think there car is worth "stupid" money

[/ QUOTE ]

Wasn't there discussion about muscle car prices hitting their peak...before the most recent B-J auction...and the projection that prices would be falling (that they HAD to...because they couldn't keep going up?)

I personally didn't see that at all....as proven by the record sales at B-J...

Heck, you can't find a decent restorable musclecar fir less than $15,000 anymore...and that's for something that needs lots of work!

Re: World Record Price for Yenko Camaro?
 

If you buy junk you end up with junk...I think increased value of these cars are just a cool added bonus of having one . I don't think anyone is buying them in anticipation of retirement...

Re: World Record Price for Yenko Camaro?
 

The problem with the people paying "stupid money" is that others with the same type cars think their cars are worth the same "stupid money."
James

Re: World Record Price for Yenko Camaro?
 

Its fun to think that...but reality creeps in when you put the signs on it !!! You can't equate auction money and the best one in the world type cars with whats in the garage necessarily...IMO. Since we are in the same thread as the mention of the McDorman collection being sold....he isn't selling the whole collection...maybe 100 cars at the most from what I was told...for business reasons..not to tap into some lucrative market.

Re: World Record Price for Yenko Camaro?
 

A couple of other "incredible" results from the same auction:

1970 Hemi Cuda - $205K
1969 Shelby GT500 - $190K
1969 Camaro Z28 - $129K - n/s
1971 Ply Cuda 440+6 conv't - $615K - n/s

Re: World Record Price for Yenko Camaro?
 

Whitetop, you miss the whole point... sure, its cool to know a car you have is "worth" more than you paid, and sure its only smart to insure it for what its "worth", simply because if something happened to it and it needed to be replaced, i'd have to pay the current "worth" price to replace it... but if (and thats a big if) these cars started to decline in price, would I hurry up and put it on ebay or try to sell it quick tot he first guy with a fist full of dollars? Heck no... to me, i don't really care if my car is worth twice what I paid or half what i paid... its not an "investment", its a dream come true. In some odd way i almost wish they WOULD fall flat on their face as far as "value" goes, because I'd love to buy about a half dozen more of them. To me they were just as cool, just as fast, and just as rare when they were "worth" 25 grand as they are now. I will also like these cars just the same if someday I am the only one left in the world that is still "into" them. That's not going to happen though, as there are more and more people looking to buy, own, drive, show, and enjoy these cars every day... hence the ever increasing prices. The prices don't go up simply because people are "investing" in them, the prices go up because more people want them, and they don't make them anymore, so whatever is out there already has to be divided up among all the poeple who want them. These cars were expensive 10 years ago, 5 years ago they were even more expensive, and 5 years from now they will likely be even more expensive still... or then again maybe they won't be...In either case, I will be happy, as the car i have will still be the same and mean the same to me. I know thats hard for an "investor" or "speculator" to imagine, but its true. I don't think I'm alone in this thought either.

Re: World Record Price for Yenko Camaro?
 

You arent Joe! Very well said. https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: World Record Price for Yenko Camaro?
 

Joe, the Clary family agrees 100% https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Well, all but my wife, who would rather have the $$$. https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Re: World Record Price for Yenko Camaro?
 

Today there are to many variables involved to gauge the market on just a single reported selling price alone.
Whenever I hear about a Car selling,I pay close attention to who paid that price?..did it sell through a broker,or an auction w/added fees,or even in a driveway?...are they going to drive it frequently and enjoy it,..or store it indefinitely?..are they going to flip it in 10 months,or keep it for 10 years?
How old are they?...where they actual there back when the car was Brand new,with memories of days long ago,or are they simply following the nieve role of "Hey look at Me".
Have they ever turned a wrench on a car previous & do they even know what the actual firing order is?...can they decipher a Cowl Tag or VIN#?
Can they carry their own in a face to face technical conversation,..and do they attend public Carshows?..Do they attend carshows on the lookout for the magazine photographers?
The answer to these questions usually speaks loud & clear about the Buyer & the purchase price he paid.
Maybe not a Litmus test to some,but things that I look at today in this world of "Speculative buyer price" vs. a REAL Enthusiast purchased price.

Re: World Record Price for Yenko Camaro?
 

Sam LBInj
My better half’s family owns a house on the bay with a large lot in Manahawkin
that her Grandfather built in the early 1950’s. they were offered a very obscene
amount of money for it 2 weeks ago and turned it down flat. She did not even blink.
“No Way, It’s NOT For Sale and don’t ask again” she told them. You Go Girl!!!
Some things you can’t put a price on and that Summer House is one of them...

Re: World Record Price for Yenko Camaro?
 

Ditto to Joe's remarks. Whether my cars are worth twice what I paid for them, or half what I paid for them, I'm still content owning them.

Re: World Record Price for Yenko Camaro?
 

[ QUOTE ]
Areas like Miami that were growing 20-30% per year in value have just suddenly very rapidly leveled off. The article said people who were waiting in line for 6 weeks at one Condo place that was under construction to get a unit last year now have a buyers market. Now there are vacanncies everywhere and "Vulture Capitalist" groups are the hottest investment trend being formed today. Groups of people are forming these "vulture capitalist" groups with $$ to buy properties at upcoming foreclosures for cheap.


[/ QUOTE ]
I've lived in Miami for 50 years, and this above statement is FAR from the truth. Whoever made this statement, doesn't have a clue what they are talking about around here.
Jim

Re: World Record Price for Yenko Camaro?
 

The real estate is going crazy North of you,too.I thought the run-up Calif. in the past 8 years was something,but this is unreal.

Re: World Record Price for Yenko Camaro?
 

I have owned muscle cars since I was 16 my first car was a 1967 Chevelle SS 396 4 spd car I bought for 600.00 it was mint. It didnt take me long to blow the original motor and have to replace it. That started my addiction replace cams, headers, carbs etc. My parents always were telling how crazy I was spending my entire check on my cars, they just didnt understand I was addicted and there was no stopping now. After that Chevelle I went to a Ford a 67 Mustang I would put a 351 4 speed and 4:62 rear end in for the summer and then every winter I would put the stock 289 and open back in since I could only afford one car since I spent all my extra money on that car. After many more cars and many more paychecks going into my cars my parents finally gave up until one day in 1985 when I asked my dad if I could borrow 9K dollars to go by a 69 Camaro with a blown motor, he really thought I was crazy but lent me the money any ways I sold everything I owned and paid them back in less than a year. The car I bought was a 69 hugger orange Yenko Camaro to this day my dad cant believe what has happened to the value of theese cars. The point of the story is I paid my dues and spent a lot of hard earned money on theese cars before they were worth anything thats what makes them special its a feeling only a car guy understands and its not really about money. On the other hand the money does matter because we are spending alot of money to buy them now, and alot of us are reaching a retirement age and it helps us feel a little more secure. I still drive every one of mine no matter what they are worth because weather its worth 600 or 150k its just another muscle car and the feeling is priceless.

Re: World Record Price for Yenko Camaro?
 

So where is that Hugger orange Yenko today ?

Re: World Record Price for Yenko Camaro?
 

I wish I knew I sold it in 1992 it fell off the face of the earth I have tried many times to find it and would give anything to own it again.

Re: World Record Price for Yenko Camaro?
 

John you are definitely a "real" car guy. https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: World Record Price for Yenko Camaro?
 

Homes here in the Tulsa area are a real bargan if you compare them to some parts of the country.

They have been creeping upwards nowadays. In 1989 I picked up a one acre lot with a 5,000 sf house on it for just under $200,000. It has 45 large trees on the property and is about a 1/2mi from where the Shelby and Mustang guys have their big show here in Tulsa. The Power tour stoped just a mile to the south when it was here.

There are still a lot of good buys to had in this area and it is not a bad place to live. we get all four seasons and not too much of any one except perhaps the hot summer lasts a little longer than I would like it to.

Cost of living makes it a great place to retire to. Florida is just too hot in the summer. I agree with you that more people will be looking at places like OKla and surrounding areas in the future. Snow only is on the ground for a week or sometimes two here.

Pantera

Re: World Record Price for Yenko Camaro?
 

Hey Mark,
I remember when you could buy a house on the water in Beach Haven West for $8,999 with no money down, not really that long ago...Nice to see it worth so much, but as with the cars, if you sell you will never be able to replace and that goes emotionally as well. Let me know when you head down and we can cruise over to the Dutchmans Quelly bar for a few cold ones.. https://www.yenko.net/ubbthreads/imag...lins/beers.gif
Sam

[ QUOTE ]
Sam LBInj
My better half’s family owns a house on the bay with a large lot in Manahawkin
that her Grandfather built in the early 1950’s. they were offered a very obscene
amount of money for it 2 weeks ago and turned it down flat. She did not even blink.
“No Way, It’s NOT For Sale and don’t ask again” she told them. You Go Girl!!!
Some things you can’t put a price on and that Summer House is one of them...

[/ QUOTE ]

Re: World Record Price for Yenko Camaro?
 

[ QUOTE ]
I have owned muscle cars since I was 16 my first car was a 1967 Chevelle SS 396 4 spd car I bought for 600.00 it was mint. It didnt take me long to blow the original motor and have to replace it. That started my addiction replace cams, headers, carbs etc. My parents always were telling how crazy I was spending my entire check on my cars, they just didnt understand I was addicted and there was no stopping now. After that Chevelle I went to a Ford a 67 Mustang I would put a 351 4 speed and 4:62 rear end in for the summer and then every winter I would put the stock 289 and open back in since I could only afford one car since I spent all my extra money on that car. After many more cars and many more paychecks going into my cars my parents finally gave up until one day in 1985 when I asked my dad if I could borrow 9K dollars to go by a 69 Camaro with a blown motor, he really thought I was crazy but lent me the money any ways I sold everything I owned and paid them back in less than a year. The car I bought was a 69 hugger orange Yenko Camaro to this day my dad cant believe what has happened to the value of theese cars. The point of the story is I paid my dues and spent a lot of hard earned money on theese cars before they were worth anything thats what makes them special its a feeling only a car guy understands and its not really about money. On the other hand the money does matter because we are spending alot of money to buy them now, and alot of us are reaching a retirement age and it helps us feel a little more secure. I still drive every one of mine no matter what they are worth because weather its worth 600 or 150k its just another muscle car and the feeling is priceless.

[/ QUOTE ]

I can really appreciate this post because I can slightly relate to this experience. In 1990 when I got my first good paying job I dumped nearly every penny I was making into the frame on resto of my Z. Weeknights and weekends spend working on it. I remember the hot summer days that my wife (then girlfriend) would bring me gallons of Gatorade. Not sure how thrilled she was that there was no money going into us getting married https://www.yenko.net/ubbthreads/imag...mlins/grin.gif. My Mom thought I was nuts. But Dad knew I was doing something right and I think he was pretty proud to see me out there following in his footsteps. You can't put a dollar amount on these kinds of experiences.

Here is what the car looked like when I started. But throw in rusted lower doors, quarters and rear window.

http://img.photobucket.com/albums/v6...ostello/z1.jpg

https://www.yenko.net/ubbthreads/imag...lins/beers.gif John.

Re: World Record Price for Yenko Camaro?
 

Glad to see you got rid of that black grill, and put an argent one in Darren. https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Re: World Record Price for Yenko Camaro?
 

[ QUOTE ]
Hey Mark,
I remember when you could buy a house on the water in Beach Haven West for $8,999 with no money down, not really that long ago...Nice to see it worth so much, but as with the cars, if you sell you will never be able to replace and that goes emotionally as well. Let me know when you head down and we can cruise over to the Dutchmans Quelly bar for a few cold ones.. https://www.yenko.net/ubbthreads/imag...lins/beers.gif
Sam


[/ QUOTE ]

Sam, I can remember wanting to get a place on LBI for years and looking at some duplexes that I thought were overpriced in the $165,000 range. That was less than 8 years ago. That same duplex now sells for a minimum of $750,000. I'm not looking for a beach house as an investment, but a place to go to in the spring/summer. It will probably never happen now because of all the NY people coming down and buying everything up.

Re: World Record Price for Yenko Camaro?
 

I have been going to LBI for over forty years. My parents had a house there many years ago. My uncle had a bay front house until he passed away last year. Jeff there are alot of PA people as well as NY. We are spending a week there in July, but it will be the first without my aunt and uncle next door. A great family resort and a NJ treasure. yearmandLBI is

Re: World Record Price for Yenko Camaro?
 

Yes, there were quite a few PA people, but not like it used to be. It's dominated by NY license plates. They've built up everything around LBI as well so it now takes 45 minutes longer to get to the south end where we usually go. It's amazing to see these little houses sell for $400-600K and then get torn down and a new monster takes its place. The prices of real estate and musclecars has gone up much faster than people's income, so it must be investors running up the prices of both. But there's no use in complaining since it won't change the situation for either. Enjoy what you have! https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: World Record Price for Yenko Camaro?
 

[ QUOTE ]

As far as this car goes, what a beauty. I find it interesting that WW Muscle had the car listed for 12-18mo. with price around 150 or so and couldn't sell it and now it goes for 275K, go figure.

[/ QUOTE ]

When I first bought the car almost 3 years ago, I priced the car at $165K. I then took it off the market, within 3-4 months, and we liked it so it basically was not for sale. I turned down $200K for the car numerous times before taking it to the Houston auction and selling it.

Re: World Record Price for Yenko Camaro?
 

Congrats on the Sale Mike and Mahalo for the insight on it as well.