Following the 68 prices, several sold mostly around 130k, even a couple of KRs.
Would appear prices are flat?
Without knowing the specifics of each car, I wouldn't make that conclusion. $117k for a 1968 GT350 fastback is solid, $300k for a 1968 GT500 convertible is above average.
I think that on average, the prices are creeping up. There are a lot of cars coming to market and you can't know the condition they are in unless you examine them in person. Condition and authenticity are major players there.
There are rebodies out there and among other things, that effects the overall perspective of the market.
I think that the market is expanding but as it does there are also other choices to buyers who really can swing only one classic car.
Somewhere some numbers cruncher has projected totals of what they think the available pool of money is available to buy a "classic". You need to graph that against projected vehicles available. It probably is an impressive number and I'm sure the "Auction" market uses that as justification or motivation to keep holding these auctions.
Internet places like "Barn Finds" point to that data and indicate the level of quality of such vehicles available.
As cars rise in value, the higher the desireability is, the better the investments they become and therefore more in demand.
It's easy to say that a '68 GT350 is a $100,000 to $125,000 vehicle right now. It's another thing to get the cash for such a good deal by the buyer level that's interested in them.
A 427 Cobra has an entirely different buyer for a largely different reason. It's now a million dollar car and that money is coming from a different source. Kopec characterized those owners as "Captains of Industry".
All '60s Shelbys are rising in value. That effects the turn out at the SAAC Conventions since so many have become too valuable to drive in the minds of owners.
I think "Shelbys" are holding their value remarkably well. What is flat are GM muscle car products across the board in my view.
GTOs, 442s, GS Buicks can be purchased for less then the price of a used pickup truck. That I'd describe as not only flat, but very disappointing.
It's going to cost way more to do an authentic quality restoration on them then they are worth at the moment.
Even '60s Corvettes have not kept pace with their Shelby counterparts.
No, Shelby's are doing ok for sure.
Multiple auctions now held quarterly have doluted prices from the all time high values
All eyes are looking to get in their planes, trains, and automobiles to head to the big GO WEST where world record prices seem to happen every year at the big 5 auctions in SCOTTSDALE AZ. B J auctions leading the way, there is a buzz in the air, hope to see a few there. ;D
+ 1
Quote from: shelbydoug on January 12, 2020, 09:55:37 AM
I think that on average, the prices are creeping up. There are a lot of cars coming to market and you can't know the condition they are in unless you examine them in person. Condition and authenticity are major players there.
There are rebodies out there and among other things, that effects the overall perspective of the market.
I think that the market is expanding but as it does there are also other choices to buyers who really can swing only one classic car.
Somewhere some numbers cruncher has projected totals of what they think the available pool of money is available to buy a "classic". You need to graph that against projected vehicles available. It probably is an impressive number and I'm sure the "Auction" market uses that as justification or motivation to keep holding these auctions.
Internet places like "Barn Finds" point to that data and indicate the level of quality of such vehicles available.
As cars rise in value, the higher the desireability is, the better the investments they become and therefore more in demand.
It's easy to say that a '68 GT350 is a $100,000 to $125,000 vehicle right now. It's another thing to get the cash for such a good deal by the buyer level that's interested in them.
A 427 Cobra has an entirely different buyer for a largely different reason. It's now a million dollar car and that money is coming from a different source. Kopec characterized those owners as "Captains of Industry".
All '60s Shelbys are rising in value. That effects the turn out at the SAAC Conventions since so many have become too valuable to drive in the minds of owners.
I think "Shelbys" are holding their value remarkably well. What is flat are GM muscle car products across the board in my view.
GTOs, 442s, GS Buicks can be purchased for less then the price of a used pickup truck. That I'd describe as not only flat, but very disappointing.
It's going to cost way more to do an authentic quality restoration on them then they are worth at the moment.
Even '60s Corvettes have not kept pace with their Shelby counterparts.
No, Shelby's are doing ok for sure.
With the vast differences in condition and restoration level, it's still just comparing apples to oranges. Anything selling for low $$ will almost always have issues that reflect the true value. The cars seen on TV hardly ever look like they do in person.
Quote from: 427heaven on January 12, 2020, 10:24:11 AM
All eyes are looking to get in their planes, trains, and automobiles to head to the big GO WEST where world record prices seem to happen every year at the big 5 auctions in SCOTTSDALE AZ. B J auctions leading the way, there is a buzz in the air, hope to see a few there. ;D
Its 8 auctions out in AZ not 5
The big 5 is where the action is..... The others don't count for much, too many trying to get in on the auction action. ;)
Quote from: CharlesTurner on January 12, 2020, 11:57:10 AM
With the vast differences in condition and restoration level, it's still just comparing apples to oranges. Anything selling for low $$ will almost always have issues that reflect the true value. The cars seen on TV hardly ever look like they do in person.
+1
Even some cars sold for big bucks have some issues at times. Buyer just needs to evaluate what those issues mean to them and their potential purchase
There is a home for every car if a potential buyer and seller can reach an agreement. Being a well informed buyer, seeing the car just on auction day, can be difficult to impossible.
Be informed - get some help if need be and make an informed choice. Don't be "that guy" :)
Agreed. For example, the 66 Hertz that sold all in for $242K had a repop firewall pad, no sound deadner inside the quarters nor on the correct areas of the firewall, no seam sealer in the correct trunk floor areas, and no dates on the trunk drip rails. The owner said it was all original sheet metal.
Regardless, it did present well otherwise.
I heard a white 4 option GT (05/06) with less than 10 miles brought 374k all in. Big dough.
Quote from: J_Speegle on January 12, 2020, 04:23:38 PM
There is a home for every car if a potential buyer and seller can reach an agreement.
Agreed, not every potential owner wants a concours show car.
Quote from: 2112 on January 12, 2020, 09:49:56 PM
Quote from: J_Speegle on January 12, 2020, 04:23:38 PM
There is a home for every car if a potential buyer and seller can reach an agreement.
Agreed, not every potential owner wants a concours show car.
Maybe so but those potential buyers all seem to ask the question at sometime or the other on what part is original and what part is not to some degree or another . ;)
Quote from: Bob Gaines on January 12, 2020, 11:33:03 PM
Quote from: 2112 on January 12, 2020, 09:49:56 PM
Quote from: J_Speegle on January 12, 2020, 04:23:38 PM
There is a home for every car if a potential buyer and seller can reach an agreement.
Agreed, not every potential owner wants a concours show car.
Maybe so but those potential buyers all seem to ask the question at sometime or the other on what part is original and what part is not to some degree or another . ;)
Guilty as charged.
Quote from: Bob Gaines on January 12, 2020, 11:33:03 PM
Quote from: 2112 on January 12, 2020, 09:49:56 PM
Quote from: J_Speegle on January 12, 2020, 04:23:38 PM
There is a home for every car if a potential buyer and seller can reach an agreement.
Agreed, not every potential owner wants a concours show car.
Maybe so but those potential buyers all seem to ask the question at sometime or the other on what part is original and what part is not to some degree or another . ;)
Many ask after they buy the car and what initially seemed not a big deal does materialize instantly into a mountain of big issues. So many details have become very expensive since there are so many date coded one year only parts on the '67 GT500s.
Lots of would be Gas Monkeys out there that are going to do a ground up in a 30 minute show.
In the day parts were plentiful and how they evaporated makes me wonder if they were made out of disappearing ink? They just seem to disappear before your very eyes?
Lots of these bolt-ons take some time and finesse to get to fit and work right too. Much more then anticipated even with prior knowledge.
Folks can't even get the side stripes right the first time through.
I was looking at the dark green KR FB ( on tv) and could see that it didn't have the S tube! If I could see it so could anyone there. The next question is was there a heat shield? If it wan't there what else is missing? A little extra effort makes a big difference $ wise.
Just this old guys opinion.
Randy
I buy more cars than the average person, actually more cars than most average persons. Like 4 this week, Not Shelbys mind you, run of the mill small block fastbacks mainly
Anyway, nothing!! like seeing the cars in person. Most of my transactions are through photos and the sellers word. Well let me tell you I could post some photos up that would make grown men cry. Every super pretty car that turns out to need 5 grand in welding is another lesson learned.
I have two folks that are both looking for Shelby vehicles, Both found one car they though was the one....one was too cheap and I told him so. I begged him to contact the registrar here and he did. The car was a fake. The second guy was after a 135k GT350. He was instructed to contact the registrar. Car has more owners than you would believe and some of the worst history I have ever rear
Take photos and auction results with a grain of sand. Lots of fakes, crap and poor condition cars out there.
Quote from: 2112 on January 12, 2020, 09:49:56 PM
Quote from: J_Speegle on January 12, 2020, 04:23:38 PM
There is a home for every car if a potential buyer and seller can reach an agreement.
Agreed, not every potential owner wants a concours show car.
Interesting thread. So let me throw this out to the group. I'm looking for a 68 and the only absolute is a 4spd car. Would love a lime poly car with hubcaps but would consider all. Price is important; Im a bottom feeder. ;D Looking for a driver quality car with unrestored chassis. A 3+ or - in need of TLC that runs, with or without original motor.
What should I expect to pay? Looking for fair price range.
Quote from: gpm6367 on January 14, 2020, 08:07:39 PM
Quote from: 2112 on January 12, 2020, 09:49:56 PM
Quote from: J_Speegle on January 12, 2020, 04:23:38 PM
There is a home for every car if a potential buyer and seller can reach an agreement.
Agreed, not every potential owner wants a concours show car.
Interesting thread. So let me throw this out to the group. I'm looking for a 68 and the only absolute is a 4spd car. Would love a lime poly car with hubcaps but would consider all. Price is important; Im a bottom feeder. ;D Looking for a driver quality car with unrestored chassis. A 3+ or - in need of TLC that runs, with or without original motor.
What should I expect to pay? Looking for fair price range.
If looking for a fair price range (what ever that is) you might want to add if GT350 Fastback,GT500 fastback, GT500 KR Fastback ,Convertible GT350,Convertible GT500 , Convertible GT500 KR. Each one has a different price point.
Mr Gaines is correct again
This might be a good starting point
http://www.thecoralsnake.com/Buying
http://www.thecoralsnake.com/EBAY
http://www.thecoralsnake.com/Price
This is one of the biggest raging questions the collector car market has to deal with... What is a good price. The only true answer is what someone's tolerance of things are. Petes outline is a good starting point, but from there it is like an octopus that branches out in many different directions. Cars are like people we all like something different and that's what keeps things interesting. Some have skills that will let them replace, repair, or restore cars, this is a consideration for many when purchasing a car. If you fall into a different category you just want to own a car with out touching it you will pay a premium price for that skill set. Different colors, options , condition, provenance all enter into the purchase price. If I found a lime green automatic SHELBY I would paint it any other color of the rainbow and add a 4 speed... Why? Because I feel that would be an upgrade, not original but a better driving experience. Have someone on here inspect it for you like BOB or JEFF they will tell you the good bad and the ugly this will let you make an educated decision on what you might or should pay for something, if the price point is a little different you decide no big deal really just buy one and enjoy it to the best of your ability. :)
I like the analogy of finding the best person match for lifetime . Lots of good women out there,and a lot of bad ones too. Take your time and look at your choices and realize NONE are perfect. Some will require more than others.....make your best decision and try to live with it. ::) at least with cars you can have as many you want,or can afford!
Thanks for the link and sage advise.
I will tweak those and repost April 1
Also a lot of ads only show the top of the car(half of the picture so to speak.)Another thin to consider:when in doubt walk away.Unless it is uber,Uber rare there ARE other cars out there......