Re: I need help to authenticate a LS6 Convertible
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So if someone has the means and determination to buy one, they are not "true" enthusiast by your definition??
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I think you are refering to an extreme minority when you assume that the average musclecar enthuiast can afford to spend 100k or really even 50-75k on a car in one shot. Usually the guys that are enthusiast are having to buy a car and then over a period of time restore it as money permits. These cars were never made for the minority..keep in mind they were built for the masses as general transportation. I think you are trying to say this site and the income levels represented here are the "norm" in the hobby and as such the cars are still witin reach of most enthusiast. I would beg to differ...Take your RG Yenko to a local cruise and offer it for sale at what you feel is the current going rate...how many guys will say "nice car, wish I could afford it?" I would wager that you probably wouldn't get many credible offers on the car...Better yet try it with a LS6 at 100k...If the cars haven't priced themselves out of the enthusiast market then you should have a majority that can afford it and see the value asked..
I think you are really trying to apply the thougths of an extreme minorty represented here to the whole market...The bottom line is these cars were never rare or collectible in the first place and once the cars as a whole price themselvs out of the market where the majority of enjoyers can afford them then the prices on ALL the car will drop...Don't think it can happen...do alittle research and look back to the first "boom"
As far as Gen X'ers earning a majority of money..actually that isn't the case..I'm a gen'xer and while our income levels on paper are higher than where the previous generation is, we also come into "life" with more debt..ie: student loans, having to buy into housing at a higher cost without the benefit of equity, startig careers and raising familes, etc..so to say that Gen X will be able to afford these cars doesn't make any sense..You have the benefit of disposable income as a result of already raising your family, owning a home and establishing equity, being "seasoned" in a profession, carrying less debt over all..hence you can afford and more importantly see the value today...Will someone of genX see the value in 10 years when we are in your economic situation now?? Take you car to a local school or youth event..ask both car enthusiast and none car enthusiast if they would pay 250k for a Yenko, provided they had that amount of money laying around in disposable income...What will be their answer?? Now explain that the only real difference between your car and a clone is perhaps a serial number and some dates..which can always be added (the dates at least) if it matters..and the clone can be built for less... way less than half.. Will they say "yes" or look at you like you are crazy? Maybe truly original cars will always be worth more money and noone is disputing that...but the biggest problem is you can build the exact same car in terms of looks, performance and visual appeal for a lot less and the future generations will not care about "numbers" Take a look at the gorgeous ZL1 recreation that just sold for 89k or so..that is what...maybe 20% or less of a real car...yet to probably 90% or the folks out there offers just as much pleasure if not more...plus you can save the extra 600k+ and use it in other areas..
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The reality is it's a have and have not world.Lusting over a car you can't afford isn't going to change the fact these already have pretty much changed into higher income hands.There are no more free lunches,and when the real deals surface cough up or take a pass fearing your purchase will be the harbinger to wholesale market collapse.The more likely scenario is they will continue to appreciate.LS6 cars were categorically made for the minority considering they only made 4k and change out of nearly half million 70 A's. These were highly anticipated,and until the C6Z the highest HP car to come from GM in four decades-hardly your mass transportation unit.When will the trend reverse? Matt's tripoli turquoise 68Z just brought 85k,is that the new valuation for one like that in todays market? What about SD's? they seem to have gone to 80k overnight.Like LS6's at 100+,all were selling for half those prices two to three years ago-but every year people are in shocked amazement when new highs are seen.Maybe the Mopars are the one's that are "overpriced" for todays "average" collector and GM muscle is seen as an attractively priced?.That would certainly explain the increasing valuations.Like Warren Buffet says don't invest in anything you aren't prepared to lose 50% of it's value on,but clearly here the trend is your friend my brother!.This site and the income levels here ARE the norm for this hobby,nobody takes yenkos to cruise nights with for sale signs they go to BJ!. For anyone that has cashed in recentely more power to em,but attempting to predict and time a sliding market for re entry is hopeful at best.Most anyone that has sold a special car wishes they hadn't,i'm no different and it's not always about the money.It's a whole new ballgame now rife with fraud and greed and hard cuts soft,everytime.
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