1/23 Mecum Results, WOW

[spork2367]

Originally Posted by G8nightman

I always have a good laugh reading these value threads


Sent from my iPhone using ZR-1 Net Registry

I always find them interesting, but what makes them funny?

[rush91]

I would love this to be the new normal, but it's not. Cars are one of the worst, no return investments one can make. If you can afford to buy a car and let it sit for 20-30 years, more power to you. But the chances of one getting what was paid originally or more, are amazingly slim.... it does happen but it's rare. The day they stop selling gasoline, is the day I sell mine. Until then, I'll drive the crap out of it and keep soaking in all the comments

[bowtiguy]

Originally Posted by spork2367

Agreed. And again, when those prices are adjusted for all additional auction costs, they aren't that great.

A 93 40th anniversary addition with low mileage isn't exactly the standard by which to judge the rest of the market.

But, it IS an indication of what a low mileage documented car sells for. This one didnt even appear to be in excellent condition looking at the images. Soiled carpets, floor mats, faded seat bolsters and worn shift knob handle, etc..

Are you saying that that the 93' Ruby cars are more desirable than the 11 other colors that ere produced in fewer numbers? Is it the 50th badge package or the matching interior color that looks like an 80's Chrysler TV add for "rich corinthian leather"? ( just my opinion on this one)

I think the $48K selling price WAS significant for a car they made 245 of. Especially since the sale occurred outside of a live onsite auction like the recent muscle car museum auction. The car did present with at least 5 of the attributes Marty outlined above. So, he may be on to something.

[spork2367]

Originally Posted by bowtiguy

Are you saying that that the 93' Ruby cars are more desirable than the 11 other colors that ere produced in fewer numbers? Is it the 50th badge package or the matching interior color that looks like an 80's Chrysler TV add for "rich corinthian leather"? ( just my opinion on this one)

I think the $48K selling price WAS significant for a car they made 245 of. Especially since the sale occurred outside of a live onsite auction like the recent muscle car museum auction. The car did present with at least 5 of the attributes Marty outlined above. So, he may be on to something.

Yes, that's exactly what I'm saying. Look at Grand Sport prices. They made 1000 1996 grand sports. They out sell zr-1s every day of the week, even the lowest production 1994 and 1995 zr-1s.

Marty is absolutely right, but that should be no mystery. Those are the metrics by which these cars are "judged." The only one I disagree on is the "high quality modifications performed by recognized shop." Those don't seem to add much value. I believe due the perception of being unoriginal, and being driven harder due to increased performance.

[precast1]

Well I will throw my two cents in. During the auction the phone and internet bidders out numbered the bids from on site. I reviewed a lot of the results of the Kissimmee auction and believe the values were on the high side. I think what we are seeing is investors have jumped into the classic car market to put their dollars in hard assets. Unlike us that love the cars and have some idea of what we are looking at investors are less critical. This is not the first time investors have moved into the market and temporarily inflated prices.

Sent from my SM-G986U using ZR-1 Net Registry mobile app

[staminqia]

good to see these higher numbers.

[viper107]

Originally Posted by precast1

Well I will throw my two cents in. During the auction the phone and internet bidders out numbered the bids from on site. I reviewed a lot of the results of the Kissimmee auction and believe the values were on the high side. I think what we are seeing is investors have jumped into the classic car market to put their dollars in hard assets. Unlike us that love the cars and have some idea of what we are looking at investors are less critical. This is not the first time investors have moved into the market and temporarily inflated prices.

Sent from my SM-G986U using ZR-1 Net Registry mobile app

you are so right, remember 2002 to around 04,05- cars were bringing stupid crazy money, after those years they fell in half of value or more