69 Camaro COPO on Ebay

[SamLBInj]

Basically we are at a point where there are a million dealers, grabbing every rare car the can get there hands on and supply has become short. Look at the 69 Z/28's for example. A few dealers put them up on ebay and there are at least 20 bids driving the prices into the 40's so all the others watch that and follow, then Joe Schmoe see's that decides to keep his car due to its value creating even more of a shortage or he decides to cash in and prices his car the same because why should he give it away when he sees other ones selling at big bucks.
I believe the dealers with the help of ebay have created the shortage and until there is less of a demand the prices will steadily increase. You also have to figure in the cost to restore a car as that also puts a value on what a car is worth. Maybe in 20-30 years when all the baby boomers have relived there youth and have traded in there muscle cars for flying nuclear powered wheel chairs the prices might go down...maybe..

[COPO427]

Sure people watch the prices on Ebay, but you have to remember, alot are bogus bids, especially when their the sellers friends helping to increase the price. So in reality, those are not the real prices. Put it in the paper and see what you get. That's the real deal.

[SamLBInj]

[ QUOTE ]
Put it in the paper and see what you get. That's the real deal.

[/ QUOTE ]
That doesnt work either, Try and call a couple hours after the paper comes out, anything good is gone and most likely already on Ebay for double..

[Belair62]

[ QUOTE ]
Put it in the paper and see what you get

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Mark....when was the last time you checked your paper and found anything...it's pretty rare. You may see ads in Hemmings. But you won't find anyone giving stuff away anywhere.Maybe newspaper ads up there are still viable ?

[Jeff H]

I just saw an ad 2 weeks ago for a 69 Z28 matching #'s 302, 4.10 rear, older 80's restoration that still looked very good for $23,500. So I called and of course it was sold. It was some small town used truck place that had it listed.

[427TJ]

[ QUOTE ]
Maybe in 20-30 years when all the baby boomers have relived there youth and have traded in there muscle cars for flying nuclear powered wheel chairs the prices might go down...maybe..

[/ QUOTE ]

The Boomer's kids will have grown up hearing "This car's worth more than our house!" a thousand times. Believe me, when daddy croaks and the kids start fighting over the car ($$$), they will have remembered well what they think the car should be worth: more than the house.

Time is also a problem. The more time that passes, the farther we get from when these cars were plentiful, and the higher the prices climb. Small corrections yes, but the overall trend is upward.

Blame it on the rich guys. For example, as '69 Z/28s become more desireable, the rich collectors need to seperate themselves from the average '69 Z owner. To do that they seek near-mint, original, unrestored examples with rare options like RS, JL8, etc. The price for those examples climbs out of sight as the rich guys fight for them. The owners of the common cars see what the rich guys are willing to pay and the common cars become more expensive.

Oops, there goes that pesky capitalism again!

On the other hand, blame goes also to sellers who know rich guys are out there waiting to drop impressive amounts for certain cars. Remember: "Greed is good." Greed for the rarest example of a certain car, greed to sell that car for the highest price attainable. (See also: Barrett-Jackson.)

Maybe we're all to blame?

"I have seen the enemy and it is us." Can't remember who said that but it's pertinent here.

He who hands over the biggest bag of cash for a car wins. He who receives the biggest bag of cash for his car wins. So maybe it's win/win? Unless you aren't able to participate, then it's lose/lose?

Whatever the cause, prices, overall, tend to go up as these battles rage.

[stikbo]

Looks like the seller ended the auction. Must have found his buyer.

[Fhakya]

[ QUOTE ]
"Greed is good." Greed for the rarest example of a certain car, greed to sell that car for the highest price attainable. (See also: Barrett-Jackson.)

Maybe we're all to blame?

[/ QUOTE ]

It's a loose quote on the 'Gordon Gekko' (Michael Douglas) share-holders speech from the movie 'Wall Street'. As per that...yep, it's that simple...supply and demand.

But this thread is somewhat pertinent to the latest 69 COPO Camaro thread.


-Mark Holman

[69z2x4]

Any one know the ending to this story? Some good reading at the time.

[beater68427]

I would like to know the outcome also, very ineresting reading.