06-26-2009 | #1 |
Join Date: Aug 2006
Location: Texas
Posts: 518
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How low can they go ?? Mecum Auction
One thing is clear after watching the first 4 hours of the Mecum Corvette Auction from St. Charles, Ill., not just ZR-1's are suffering from the economy. Many quality vettes went over the block well below reserves and some that were unprotected were givaways. 60', 70's, 80's, 90's and 2000 + year models all took their lumps in open bidding. The depressed prices have finally hit all collector cars save a handful of one-of-a-kinds and historical cars. I feel a little better knowing ZR-1's are not the only Corvettes feeling the heat. Of course, how can you really feel better watching your car lose value if you are an owner and not a buyer ?
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1991 ZR-1, Black, Black, # 541 |
06-26-2009 | #2 |
Join Date: Mar 2004
Location: Found Member
Posts: 4,346
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Re: How low can they go ?? Mecum Auction
Every kind of investment is on a low right now. We should be used to that by now. Guess it part of the "change" package.
On a more positive note ....ride it out. Then again: Unfortunately most of us probably won't be around for the next car investment explosion. An ol' note...If you want to double your money ? Fold it over and put it back in your pocket. Simple phrase...Car's are a bad investment. On the other hand we can save these cars for the next owner . They will appreciate it............. NAA ! FUCUM. Enjoy these cars folks. they are fantastic car's. "Drive 'em like you stole em is a good attitude
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Frank Urbo. NCM Lifetime member # 982 Registry Founding # 237 |
06-27-2009 | #3 |
Join Date: Aug 2006
Location: McLean, VA
Posts: 3,721
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Re: How low can they go ?? Mecum Auction
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06-27-2009 | #4 |
Join Date: Sep 2006
Location: diamond lake /washington
Posts: 223
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Re: How low can they go ?? Mecum Auction
with the new climate change/carbon tax bills we will be lucky enough to afford electricity/let allone gas which obamaman will tax till we are dead/remember all you change folks
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06-27-2009 | #5 |
Join Date: Jun 2009
Location: Glendale, CA
Posts: 41
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Re: How low can they go ?? Mecum Auction
Obama's plan is make us like Europe... That includes $8 a gallon gas!
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[IMG]http://i931.photobucket.com/albums/ad155/pqtaces/pqtaceszr1.jpg[/IMG] May all your cards be aces and your 0-60 times be sub 5s! Peter |
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