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.