World Record Price for Yenko Camaro?

[Belair62]

If you buy junk you end up with junk...I think increased value of these cars are just a cool added bonus of having one . I don't think anyone is buying them in anticipation of retirement...

[jfkheat]

The problem with the people paying "stupid money" is that others with the same type cars think their cars are worth the same "stupid money."
James

[Belair62]

Its fun to think that...but reality creeps in when you put the signs on it !!! You can't equate auction money and the best one in the world type cars with whats in the garage necessarily...IMO. Since we are in the same thread as the mention of the McDorman collection being sold....he isn't selling the whole collection...maybe 100 cars at the most from what I was told...for business reasons..not to tap into some lucrative market.

[Speedrx]

A couple of other "incredible" results from the same auction:

1970 Hemi Cuda - $205K
1969 Shelby GT500 - $190K
1969 Camaro Z28 - $129K - n/s
1971 Ply Cuda 440+6 conv't - $615K - n/s

[camarojoe]

Whitetop, you miss the whole point... sure, its cool to know a car you have is "worth" more than you paid, and sure its only smart to insure it for what its "worth", simply because if something happened to it and it needed to be replaced, i'd have to pay the current "worth" price to replace it... but if (and thats a big if) these cars started to decline in price, would I hurry up and put it on ebay or try to sell it quick tot he first guy with a fist full of dollars? Heck no... to me, i don't really care if my car is worth twice what I paid or half what i paid... its not an "investment", its a dream come true. In some odd way i almost wish they WOULD fall flat on their face as far as "value" goes, because I'd love to buy about a half dozen more of them. To me they were just as cool, just as fast, and just as rare when they were "worth" 25 grand as they are now. I will also like these cars just the same if someday I am the only one left in the world that is still "into" them. That's not going to happen though, as there are more and more people looking to buy, own, drive, show, and enjoy these cars every day... hence the ever increasing prices. The prices don't go up simply because people are "investing" in them, the prices go up because more people want them, and they don't make them anymore, so whatever is out there already has to be divided up among all the poeple who want them. These cars were expensive 10 years ago, 5 years ago they were even more expensive, and 5 years from now they will likely be even more expensive still... or then again maybe they won't be...In either case, I will be happy, as the car i have will still be the same and mean the same to me. I know thats hard for an "investor" or "speculator" to imagine, but its true. I don't think I'm alone in this thought either.

[hvychev]

You arent Joe! Very well said.

[sYc]

Joe, the Clary family agrees 100%

Well, all but my wife, who would rather have the $$$.

[Mr70]

Today there are to many variables involved to gauge the market on just a single reported selling price alone.
Whenever I hear about a Car selling,I pay close attention to who paid that price?..did it sell through a broker,or an auction w/added fees,or even in a driveway?...are they going to drive it frequently and enjoy it,..or store it indefinitely?..are they going to flip it in 10 months,or keep it for 10 years?
How old are they?...where they actual there back when the car was Brand new,with memories of days long ago,or are they simply following the nieve role of "Hey look at Me".
Have they ever turned a wrench on a car previous & do they even know what the actual firing order is?...can they decipher a Cowl Tag or VIN#?
Can they carry their own in a face to face technical conversation,..and do they attend public Carshows?..Do they attend carshows on the lookout for the magazine photographers?
The answer to these questions usually speaks loud & clear about the Buyer & the purchase price he paid.
Maybe not a Litmus test to some,but things that I look at today in this world of "Speculative buyer price" vs. a REAL Enthusiast purchased price.

[70-SS/RS-L78]

Sam LBInj
My better half’s family owns a house on the bay with a large lot in Manahawkin
that her Grandfather built in the early 1950’s. they were offered a very obscene
amount of money for it 2 weeks ago and turned it down flat. She did not even blink.
“No Way, It’s NOT For Sale and don’t ask again” she told them. You Go Girl!!!
Some things you can’t put a price on and that Summer House is one of them...

[71-LS6]

Ditto to Joe's remarks. Whether my cars are worth twice what I paid for them, or half what I paid for them, I'm still content owning them.