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Pastel Blue
Guest
Yes and no, based on my time spent there yesterday. The good cars; there is spirited bidding, but people are definitely easing off at set levels, not going crazy like in the past. Some of the Challengers/Mopars went pretty low in comparison to the past, but people now only wast the 426 hemis, 6 packs, etc. If you don't have those today, even with a nice car, the prices have dropped. Also, there are so many "recreations" of these cars, who knows what is real anymore...Been watching the auction on the net. Looks like another buyers auction. Lots of muscle cars not getting anywhere near 50% of what they did a couple years ago. When a 76 bronco goes higher than a 71 RT challenger something has changed. Lots of no sales and when they drop the reserve usually goes no higher. You could sure buy them cheaper than you can build them.
I watched a Superbird sell for $110K (I think that was the #), pretty low, but I did not see the car in person to see the overall condition. From a distance, it looked good. In comparison, the Fryer blue Mach 429scj went just under $100K ($98/99K), pretty strong money in comparison... These cars are gaining in popularity, but the money is being spent on the BB's and the Bosses... The other variations will take some time to catch on more, I think.
A Boss 429 (black) cant recall if it was a 69 or 70.... was bid quickly to $250K, but topped out at $260k. No sale. Cautious times... The prices people were getting a few years ago, could and would never be maintained today, so what we are seeing today is a more realistic market for all the cars. I don't think we can continue to go back to those "heady" days and expect those prices moving forward.
I agree to a point with the statement, "buying them cheaper then building them". Its true, no doubt, my current restoration is a perfect example. I will never see my money out of the car, but that's not why I am doing it. I WANT to build it the way I have been preparing for the last 35 years in this year of Mustang, I WANT to be involved every step of the way, so when she is finished I know exactly what I have and will take much more pleasure in both driving and owning her. It costs money, big money today to build a car properly.
As a friend said to me recently, "a true labour of love"... and that's exactly what it is for me, personally. I could have easily bought anyone of the 6 Fryer cars yesterday instead of putting my money into the project at home, but even with those cars, there were issues. I would not be happy totally happy with any of them as they were presented, but that's just me. I would tear apart a car I just spent upwards of $100k and invest another $50-$100K bringing it back to the way I wanted, so maybe the way I am doing my restoration today will wind up cheaper in the end, for me! Make no mistake, I am in deep, but we will get there.
We are all in this hobby for similar but sometimes different reasons. To each their own, enjoy and live within your means to complete the car of your dreams. Cheers.
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