World Record Price for Yenko Camaro?

[Chevy454]

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...and "YOUR LAST CHECK SHOULD GO TO THE MORGUE AND IT SHOULD BOUNCE."

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I can't say as I'm crazy about THAT idea, Stu!

[PPPJJJFFF]

I believe the market today is different than the late 80's early 90's. The demographics now show baby boomers have created or inherited a tremendous amount of wealth. These are the same individuals who wish they had these cars 30 years ago. Now they do. To many, spending a 100K or more on a car is alot easier then spending 40K for that same car 15 years ago. The nest is emptying and they want to have some fun. I expect corrections now and then, just like anything. But a bubble bursting in these cars. Don't see it anytime soon. Just my opinion. Patrick

[whitetop]

Patrick
I think you may be leaving out of the equation the love of the almighty dollar god comes first when prices drop vs hanging onto the car(s).

[camarojoe]

Some people buy these cars because they love them, not to try to make money on, regardless of if you are talking high end cars or low end. Alot of buyers (including myself and many others here) could care less what they are "worth" or will be "worth" or have been "worth", they simply know what they want, and how much it costs to get it. The price is dictated by how many others want the same thing. Every day there are more people who want the same thing, and less to go around, so the price keeps going up. I know I have always wanted a Yenko, not because i have analyzed the market and predicted investment potential, or think that its a better investment than something else, etc. but just because I wanted one...I also watched the prices soar by 1000's each year I was trying to get one, as they are continuing to do as evidenced by this latest record breaking sale of the SCW rally green car. Everyone who spends money on a supercar isn't always an "investor", I know alot of folks simply want what they want because they like it, and they buy it because they can. Plain and simple.

[YENKO DEUCE REGISTRY]

Well said Joe, same here

[DarrenX33]

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Some people buy these cars because they love them

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I third that Joe.

[SamLBInj]

"After reading DIE BROKE the author had a cool idea - Your kids will just fight over the money, so spend/enjoy it and "YOUR LAST CHECK SHOULD GO TO THE MORGUE AND IT SHOULD BOUNCE."
Better yet, really piss your kids off and get buried in the car...

[Steve Shauger]

I just wonder if the same individuals that predict the car markets decline, had the infinite wisdom to predict its escalation. Again if you really like the cars, who cares just enjoy them.

As far as real estate investments go, I have been patiently waiting for the market to adjust and purchase some properties. Well I have been waiting for a decline (as the "experts" have been predicting) and all I foresee is growth and value increases.

[Verne_Frantz]

Joe,
I couldn't agree more. The "investors" are a VERY small minority of people buying these cars. Actually, I don't even consider them as part of "our" hobby. But I have to complain when a flurry of them "invade" us due to investment advice. Those few can artificially drive up prices by buying and selling among themsleves in a frenzy (they don't hold the cars for a long term gain - it's a quick turnover game for their kind) and as a result, "we" can get priced out of our own hobby in a hurry. They don't even have any understanding of the cars they buy. They're buying "commodities".

It reminds me of the people who walk up to you at a car show and the first thing they ask is, "what's this car worth"? My answer to that is, "A hell of a lot less than it would take to make me sell it"

Verne

[whitetop]

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and all I foresee is growth and value increases.

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Those are the very same exact words Ken Lay of ENRON said at the shareholders meeting telling people to buy ENRON stock while at the same time he was dumping his right before the collapse