[camarojoe]

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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?

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Since you asked, I believe that original examples of every one of the above mentioned cars will be worth more in 5 years than they are right now.

Unlike yourself, I'm not a value speculator or "investor", nor do I use the word "economics" when talking about the cars i love, but I do know this... I have been into these cars all my life, and since i was a little kid I have been going to auctions, car shows, swap meets, etc. I have never seen the cars I liked cost LESS one year than they did the previous year. EVER.

While I'm not any type of expert on LS6 prices or values, I have followed the prices of Yenko cars fairly closely simply because I have been trying to buy one for years...as the years passed, I watched Yenko Deuces go from 20k to 30k to 40k to 50k to 100k all the way to 175k. At the time I bought mine it was one of the highest prices ever paid for one. There were some folks in the shadows similar to yourself saying it was "too much money", "the bottom was going to fall out", "its overpriced" etc. That was less 5 years ago. I think those folks were proven wrong at least 3 times over. In fact, every one of 'em sold since has sold for more money than the one before it. What will it be worth in another 5 years? I don't know, but to be honest I hope you're right and its worth less than what I paid for it, because "economics" has nothing to do with my love or interest in these cars, and I'd like to get another one. (or 2 or 3!) To me it doesnt matter if they "continue to rise in value at the same proportions they have over the last few years", which I agree they will likely not do, (since they have indeed tripled in value in 5 years or less) But at the same time, I'm not saying i feel that their value is going to fall. Restoration and parts costs will keep rising, as will the prices of the cars themselves... from the bottom level project 6 cylinder cars all the way to the top level restored supercars. It seems to me that over the years, (as far back as I can personally remember) I've heard alot more people saying "Man, i wish I still had that car I sold" more than I've heard them saying they are glad they sold when they did. Just about everyone who ever sold a car believes in their minds that they sold at "the right time", yet the car ends up being worth even more as time passes. Believe it or not, I actually hate talking about values and prices, as thats not why I'm into this stuff... but this thread just sorta got me thinking about it a little.

As with the speculators and naysayers of the previous 5 years who were proven wrong when they said these cars were "overpriced" in 2001, we'll just have to wait and see who's doomsday reports of today prove to be fact or fiction in 5 more... Talk to ya in 2011.



So you really sold original Corvettes and LS6's to buy and build clones/day 2 cars?