World Record Price for Yenko Camaro?

[Speedrx]

What is the highest price anyone has seen for a Yenko Camaro? A '69 Rally Green Yenko Camaro sold a few weeks ago in a Houston Auction for $247,500 + buyers fee. I think the buyer's fee is around 8% putting the selling price around <font color="red"> $267,300 </font> WOW! When did they start selling for this kind of price?

[hvychev]

That has to be the highest I have heard of.

[Charley Lillard]

Cool... That was the Rally Green Supercar workshop car that Worldwide had.

[sYc]

WOW!!

On a side note, this past weekend I was visiting with some one who is not into cars, but is into making $$$. He told me that according to several investment experts, musclecars is the #1 investment right now.

[whitetop]

Quote: On a side note, this past weekend I was visiting with some one who is not into cars, but is into making $$$. He told me that according to several investment experts, musclecars is the #1 investment right now


Same exact comments I heard in 1989 before the collapse of prices. Notice how many collections are now coming up for sale all of a sudden just in the last month??.. Barris, BoB McDorman collection out of Columbus (supposedly the largest Chevrolet collection in the world) come right off the top of my head.
These guys are not dumb. They are getting out while the getting out is good.

Article came out today about the pending "Housing Bubble" collpase.
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.

My prediction is the drop in housing prices is going to really affect the car prices. I think they will coincide with one another.

[Late BrakeU2]

I think collapse is a dramatic forecast,but certainly a 10-15% cooling trend is both probable and healthy.Pedigree cars with paper will always be a good investment,even after the boomers pass through.The only thing that will trigger a "collapse" in the So Cal market will be a literal one-EaRtHQuAAKE-

[whitetop]

In certain hot areas of the country a collapse will the appropriate term. The areas known for flippers. People buying a house and selling it a month later for a $50K profit.

Anyway getting back to the cars I also notice all the mags pushing the high prices and how everyone know thinks their car is worth 100K

[Born30YrsLate]

[ QUOTE ]

Same exact comments I heard in 1989 before the collapse of prices.

[/ QUOTE ]

Based on the fact that I probably hadn't gotten my first pimple yet in 1989 - how much of a dive did the prices of cars take...actual examples would be helpful.

[Stuart Adams]

I have felt for a while the economy in general (some areas are great and some suck)is average at best. It would be much better if we paid less out on welfare, criminals and prisons, etc.
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. I think cars are like the economy - if you find the right person wanting the right car chances are good you will see top dollar paid, just like a house of the same square footage is 100K in one place and 500K in another. Maybe the guy that bought it just sold a house and made 500K from an area where the economy is good!

[hvychev]

[ QUOTE ]
Anyway getting back to the cars I also notice all the mags pushing the high prices and how everyone know thinks their car is worth 100K


[/ QUOTE ] LOL

Highly doubt you will see prices of Real Estate drop.....level off maybe but drop???