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Old 07-22-2006, 05:34 PM
zap zap is offline
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Default Re: I need help to authenticate a LS6 Convertible

I think you are really over stating and exagerating my point..I don't think I ever mentioned they'd be worth pennies on the dollar..simply that there isn't really any evidence to suggest that they will continue to rise in value and "the sky's the limit" mentality when it comes to value isn't really valid...It would defy historic data as well as economics...

Just curious but if you are assuming that there will be no reduction in value where do you see a 1969 Z28 in 5 years? a LS6? a COPO? If you are expecting these cars to continually rise in value at the same proportions they have over the last few years isn't it safe to say that even among "hardcore" collectors there becomes a point when the price exceeds either their ability to buy or their desire to pay? Please keep in mind you aren't talking about objects where there is a very finite number made..art (1 or 2 pieces that are alike) or exotics...You are talking about mass produced items that are truly appreciated when it comes to value by a minority. If you want to see this...go take a COPO, LS6, Hemi or any musclecar to a public arena and ask how mnay people would honestly pay your asking price for it. The majority will not pay what this market is bearing at the moment among colectors, simply because they do not see the perceived value. Musclecars simply aren't viewed as a commodity or truly collectible by folks outside of the hobby like a Ferrai or Renoir or land. Therefore they are much more volatile with respect to price and the market and once the market becomes saturated with product at a given price the prices drop because there aren't enough people that will pay the price. This type of thinking isn't being negative...just basic economics which I would suggest if you are paying these current prices for musclecars then you should have studied.

I agree after 9/11 people's perception changed and a more "get it while you can" mentality has taken over...but we are still discussing cars which are still viewed by the majority as mere tools to move about. Sure everyone wants to look stylish but one only has to look at the current new car situation and you quickly realize most want practical verse flash. If they didn't people would still be buying SUV's and trucks at the same rate as 2-3 years ago...

Just for the record in the last couple of years I've sold a few very hi-po cars...'vettes, a 'cuda, a couple of LS6's, etc..I sold them because I didn't enjoy them any longer and my interest have moved more to "Day 2" cars and just basic fun musclecars without regard to originality..which can encompass anything from matching numbered cars to the clones. I'm actually thinking about building a pro touring car (camaro or cuda)as for me and my enjoyment they represent the best of both worlds. I have been messing with these cars since the first "boom" and honestly think if you move away from very niche sites like this to more "masses" sites..Team Camaro, Chevelle, Moparts, etc..you will find the majority of musclecar enthuiast don't feel the current prices are both good for the hobby or will keep going up.

just my thoughts
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