Bill, In response to the question of what I am looking for is a 68 GT 500 or KR 500 Convertible. I have seen the prices range from $150 - $ 250. Which is my my price range for the right car. My disappointment comes when a car comes up on an auction and sells for $ 20 - $30 more than it should in my honest opinion. I currently own a 67 GT 500, Superformance, B 9 and a couple Chevys. ( Don't hold the last few against me)
I would just like to clarify , are prices moving up because of the Pandemic or should they be flattening out . Keep in mind I think the B9 's have taken a hit in the past couple years IMHO. I am just looking for the right car with good documentation and needs some work. No trailer Queens this time around . Anyone have one for they would part with? Thanks Steve
Steve,
Ok, so you have an idea of what you want, and a realistic price range. However, you are viewing auction pricing as "the market", when in fact, it is not. Sure an auction price can affect the market is a small way, but just because two people wanted the same car at a specific auction (did the car actual change hands, strange, but on point question for some auction results), and potentially let their ego(s) get in the way with the help of a little extra libations, does not dictate what the private sector can sell their cars for. Without being on site, without seeing the cars in question up close and in person, it's difficult to say what the car could have, or would have sold for in a private sale. The wants and needs of the two bidders (again, if there were two actual legit bidders) could have been that of rivals, or good friends, just trying to one up themselves, or it could have been that need for a specific car, in a specific color, yes, again, it can be that simple. As far as private sales goes, the wants of the seller vs the needs of the buyer will drive the price that is paid. As an example, recently I made a purchase that was a little higher than I expected to pay, but the car, and the broker/sellers reputation checked off all of my wants and needs on my list. Not yet in hand, but it will be soon, and is teased about in my sig line below. Again, my personal choice was to grab that brass ring while I had the opportunity, my motivation slightly skewed by the loss of several family members, and the near future loss of another.. I'm not getting any younger, so why not enjoy my time on this earth with another Shelby. Personally, I bought it for me, not with what the future of the marketplace might be, but that is my personal choice, with my hard earned money. Your ultimate decision to buy or not is again, yours, as it is your money, and not anyone elses you are playing with. Hope in a round about way you get where I am coming from, and it assists you in where you are going.
Either way, enjoy the hunt, for sometimes that is half the fun.
Bill