1970 Ls6 Convertible

[gemleeus]

bill goldberg bought one last year, i don't think he's a member here.

[YENKO DEUCE REGISTRY]

Now there's a genius! (Don't tell him I said that )
That's it, I'm selling my Yenko Deuce for $150k and buying pork rinds!

[yountto]

Its seems a spin has been put on some comments made here.I dont think Greg C or anyone else has said these cars will be worthless and to hurry and have a fire sale..I also agree with a few statements that the cars that will never suffer are the ultra low production and massive horsepower ZL1s,Hemi cuda and Ls6 converts...If however you dont think this market will suffer if interest rates rise a few points,maybe you need to enroll in a few economic courses at a local college...

[Belair62]

I think you are assuming that people treat these as investments...and I don't think that is the case.If interest rises a whole lot of things will suffer...what's the point ? Yountto ...got any Pontiac stuff ?

[YENKO DEUCE REGISTRY]

I think that a lot of people do treat them like investments, but 'short term' investments. Once they see that the DJIA is back, they will put their money there.

Over the long term, yes the muscle cars have gradually increased in value. However, they are very poor investments, comparitively speaking to Wall Street. For example, if you bought a Yenko Deuce in '70 for it's $4400 sticker price, and kept it real nice, it might bring around $65-80k today. If you had invested that $4400 in an average fund that gave you a 35 year avge ROR of 12%, compounded monthly, you would have approximately $290k today!

So, if you are in it for the long term, it doesn't matter what they are worth in dollars because the real rate of return is your personal enjoyment

[SuperCars]

I get a lot of emails and calls asking to buy cars. It is rarity/desirability of a car combined with supply and demand. For example right now there are 2 or 3 ultra-wealthy collectors trying to buy a 71 Hemi Cuda Conv. These guys are immune to any economic down turns when it comes to what they can afford to pay. So when you have 2 or 3 more buyers, than actual cars to exist, crazy money is offered on cars. But for plentiful and less rare cars, of which there are enough to go around; they will stay at normal prices because you can always seem to find one come up for sale.

Most of you on here have see this with the 427 Yenko Novas at it's record high. It's because there are more buyers wanting one than there are 427 Yenko Novas to exist. That is when prices go sky high. I feel LS6 Convertibles are currently way under-priced, based on the numbers of them to exist.

[yountto]

Belair if people dont treat these cars as investments and we should buy cars for enjoyment, why did you make this statement yesterday ? Whats wrong with buying a "european clunker" if its what you enjoy,then????......QUOTE "I hope the wealthy younger generation wises up...you keep buying those european high dollar clunkers and you aren't going to be wealthy long !!!Talk about depreciation...buy an "esses" whatever that is (i'm old) now for 80k and sell it for 25 in 5 years

[Charley Lillard]

"It is interesting though how it seems to me that it is only the "supercars," that are being grossly over priced...might be a reason for that..hmmm" .....hmmm, maybe they bring good money because they are "Supercars". Didn't the Yenko you were bashing sell for good Money outside of this little circle ? I can also think of three ZL1's that went for big money within the last year outside of this circle.

[Belair62]

It was in response to Gregs point about the young wealthy people buying esses...I don't buy my cars as an investment...it just turned out that they are looking more and more like a good one...I usually buy high and sell low ! The thread started with you posting a look and see on an LS 6 convert.Then it went into a value/vs. doc's and how a COPO is this or that and shouldn't be as valuable as they are and that they trade and get inflated by a few people and no one buys them but a few people and yadda yadda....then we went into investments...what was the point really ? I would imagine you of all people should be kind of glad that the prices are where they are...

[Steve Shauger]

Price has always been about supply and demand. A premium is put on a car that has historical significance, much like your "pilot car" you are selling. I am sure you feel it is worth more do to its status. I feel the same for copo's, and low/desirable production cars. I feel you are speculating on the intent of the supercar owners which is uncalled for. At least for me this is still a hobbie, which has introduced me to some great individuals.