| Author |
Message |
Mike Burke (Maranlo550)
New member
Username: Maranlo550
Post Number: 5
Registered: 6-2002
| | Posted on Friday, August 09, 2002 - 12:07 pm: | |
This story kills me!! An old friend of mine was in the boat of "when I get older I want......" Well that time came and due to a great real estate transaction was able to set aside some cash and build his dream car a 1970 440 Cuda like in the old cult movie "Phantasm" Well he contacted a highly regarded restorer to restore one for him. After waiting 2.5 years and about $21k (very cheap for end result), out rolled one of the most amazing restoration I have ever seen! Was a Black on Black 440-4 automatic w/ 3:55 rear end. Apparrently in 1970 your options were 383-4bbl, 440-6pk, or Hemi for big blocks. For the same cost of a 383, he had a 440 installed plus the 4BBL easier to tune then a 6pk.
When I first saw the car, I looked down the side and could even see 1 ripple in the paint...truely an amazing job! Was delivered 4-5 days after a good N.England snow storm but he wanted to take me for a ride anyway. We took a spin down the road and onto the highway for the very 1st time (for him w/ the car). When he stomped that throttle MAN what a Torque-beast (400HP-490lbs engine). The steering wheel was all over the place (tight steering isn't a Muscle Cars fortay). ANYWAY he owns the car for about 1 year and an older fellow approaches him with a "If you ever want to sell this car" offer. Well after talking with the wife, who was amazingly supportive thru the 2.5 years, they agree on a $28K price and off it went.
I was VERY upset that he sold this amazing car but what is the 1st car he wants to now get.......a Ferrari! He is sorta shopping for an older 308/328. He is waiting for the right deal. So from his experience there are people willing to spend good $$$$ for a nice car w/o blinking.
Mike |
Bruno (Originalsinner)
Member
Username: Originalsinner
Post Number: 363
Registered: 5-2002
| | Posted on Thursday, August 08, 2002 - 6:46 pm: | |
I must agree that I like the prices low. I started to collect Ferrari's in the early 80's. There are more cars now attainable than ever. And I am not afraid to drive and race them. |
Tenney (Tenney)
Junior Member
Username: Tenney
Post Number: 202
Registered: 2-2001
| | Posted on Thursday, August 08, 2002 - 6:44 pm: | |
Muscle cars followed Ferrari's speculator-induced rise (and fall) in the late '80's-early 90's. Muscle cars have recently risen again. Shelbys, Yenkos, COPOs, Nickey's, Baldwin-Motion cars, ZL-1's, LS-6's (especially conv.), and pretty much all things Hemi, etc, are again commanding some fair dollars. Best be knowledgable before dabbling, though, as authenticity and associated documentation are key if the car is to be an investment in anything other than fun.
Agree that the good cars will hold up long term. At least until the "Fast and Furious" gang hits the big four-oh, or so (and you'll wish you'd kept your Supra).
Re: cars referenced. Collectibility-wise, don't know about '82 'Vette, '69 Boss is good (429, in particular), Mach 1 best if a CJ R Code/Drag Pack car, '70 Firebird should be a Ram Air IV for rarity/performance.
Cool site for rare Chevy stuff is www.yenko.net |
Terry (Dogue)
Junior Member
Username: Dogue
Post Number: 73
Registered: 9-2001
| | Posted on Thursday, August 08, 2002 - 6:43 pm: | |
The idea of having all specialty cars cheap as a 4 door family sedan is nice in a world where everyone treats their cars with respect. The problem comes when some yeah Hoo buys a 308 GT4 because its a cheap Ferrari and then runs the thing into the ground and those of us that would love to own one now have to look long and hard for a quality car. Just because the cars are cheap doesn't make the parts more plentiful and then the supply of quality cars is so low and the demand is so high for them, then they become expensive again. I don't want Ferraris to become any more affordable, I want to earn more money so I can afford a Ferrari. The more affordable, the more jerks that don't appreciate them own them. I can just see in a world where a 308 is equal price to a 78 firebird and we see 308s in trailer parks up on blocks next to the old fridge. |
Horsefly (Arlie)
Junior Member
Username: Arlie
Post Number: 142
Registered: 5-2002
| | Posted on Thursday, August 08, 2002 - 6:30 pm: | |
What true enthusiast wants their car's value to soar ever upward? When it becomes INCREDIBLY valuable, it will cost more to insure due to increased collision repair costs, cost more to insure due to increased theft potential, cost more to merely possess due to increased property value taxes, cost more to repair due to ever increasing parts value because profit mongers try to corner the market on rare parts, etc. I wish all sports cars were worth the same as old 4 door family cars. That way, I could buy any one that I wanted, and drive it whenever I liked, regardless if anyone thought it was valuable or not. Of course this all assumes that the car owner is a true-blue car enthusiast. When it comes right down to it, most collector car guys seem more interested in making a buck instead of enjoying the car. Profit comes first. That's why I enjoy the fact that the big shot Corvette buyers of the late 80s and early 90s paid so much for their cars that they will never be able to sell for a profit. I hope they learn to EAT their Corvettes, because they deserve to be stuck with them. Greed bites back hard! |
Frank Parker (Parkerfe)
Intermediate Member
Username: Parkerfe
Post Number: 1200
Registered: 9-2001
| | Posted on Thursday, August 08, 2002 - 6:02 pm: | |
While all valuable cars are rare, all rare cars are not valuable. Some cars were rare because no one wanted them when they were new including some Ferraris. The muscle cars that are now bringing the big money are the rare cars with special engine options(RPOs) of the 60s for the most part. IMHO, those cars will continue to bring top dollar and will even appreciate in the future. |
L. Wayne Ausbrooks (Lwausbrooks)
New member
Username: Lwausbrooks
Post Number: 14
Registered: 8-2002
| | Posted on Thursday, August 08, 2002 - 6:01 pm: | |
Barrett-Jackson has not traditionally been a European car event. Let's see how Ferraris perform at the RM in Monterey, Bonham & Brooks at Quail Lodge, and Christies at Pebble Beach. |
J. Grande (Jay)
Member
Username: Jay
Post Number: 510
Registered: 10-2001
| | Posted on Thursday, August 08, 2002 - 5:43 pm: | |
William, it already happened! Barrett-Jackson could hardly sell Ferraris last year, or any exotic Italian car but Bel-Airs and Copi Camaros sold for hundreds of thousands! I don't think this trend will last long! I mean they are nice cars but rare? No. |
William H (Countachxx)
Intermediate Member
Username: Countachxx
Post Number: 1216
Registered: 2-2001
| | Posted on Thursday, August 08, 2002 - 5:06 pm: | |
Ive been reading & hearing about a new market bubble developing, Seems muscle cars r hot now cus people with $ who are now in their 40s remember there youth & want to buy some of it back. Thinking of buying maybe an 82 Corvette, 69 Boss or Mach 1 Mustang, or a nice 70 Firebird & see if I can make 20% reselling it. If I dont resell it, oh well then I'll have another cool car in my collection.
Could muscle cars be to this decade what Ferrari's where in 1990 ? |
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