How low can they go ?? Mecum Auction - ZR-1 Net Registry Forums

Sgreg · 06-26-2009

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 ?

FU · 06-26-2009

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

secondchance · 06-27-2009

Quote:

Originally Posted by FU2

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

diamond zr1 · 06-27-2009

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

Pqtaces · 06-27-2009

Quote:

Originally Posted by diamond zr1

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

Obama's plan is make us like Europe... That includes $8 a gallon gas!

06-26-2009	#1
Sgreg Join Date: Aug 2006 Location: Texas Posts: 518	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 ? __________________ 1991 ZR-1, Black, Black, # 541

06-26-2009	#2
FU Join Date: Mar 2004 Location: Found Member Posts: 4,346	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 __________________ Frank Urbo. NCM Lifetime member # 982 Registry Founding # 237

06-27-2009	#4
diamond zr1 Join Date: Sep 2006 Location: diamond lake /washington Posts: 223	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