3.5m Cuda
- Thread starter barnfind
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Bruzilla
Well-Known Member
And the poor Chevy guys are still waiting for the million dollar Camaro.
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nice car,
$3.5 million thou, is any car really worth that ??
still cool as hell,
I'd rather have a full collection on Mopars instead...
$3.5 million thou, is any car really worth that ??
still cool as hell,
I'd rather have a full collection on Mopars instead...
ma mopar nutz
Well-Known Member
For sure bud !! for that kinda money I could have a hemi wing car and 10 other hemi cars and still have plenty left over to buy gas lol!:headbang:
Bruzilla
Well-Known Member
I've watched the video four times now, and I have to say it gets me more pissed every time I watch it because it makes me think more and more that the seller is a scammer like we saw in the early 1990s.
As the bidding progresses, Mecum keeps going over to the seller to get the reserve lifted. The main reason for reserves is to avoid a loss, and there's no way this guy is taking a loss at over $2 million, but the guy refuses to lift the reserve. Then he starts griping to Mecum about fees, and Mecum turns away from the camera and starts talking on the down-low, so I'm guessing he was offering some sort of concession on the fees, but the guy still refuses to lift the reserve. Strike one.
Next, Mecum goes back to work on the seller again, and now the seller has changed his concerns and he's worried about how much it's going to cost him to get another one! This is a big tell. Why are you auctioning your car if you're concerned about how much it's going to cost to get another like it? My take on the seller at that point was he never intended to sell in the first place. Strike two.
Now comes the point where the reserve is met and the seller looks like someone just told him his dog got run over! I can't remember the last time I saw a seller at one of these auctions who just had their reserve met looking like they were about to sprout tears, but this guy does. Strike three.
This keeps looking more and more to me like these scumbags from the early 90s who would put their car up at auction with a sky-high reserve they knew would never be met, with the intention of driving up perceived values. Then we would read all about how this car or that car was "bid up to..." at auction in the car magazines and that would be the new benchmark price. But this guy misjudged the demand and the reserve was met thanks to two rich guys wanting to duke it out. I'm thinking he was looking forward to being able to brag about how his car was worth $2+ mill or so and instead he lost the car.
I'm also thinking the announcers were right when they said they high-end collectors are focusing more on rarer Mopars just as that market has shifted for the Fords and GMs. These guys don't want to spend a ton of money on 1 of 100 cars, or even 1 of 10 cars. The big money is going to be chasing the 1 of 5 or less type cars.
As the bidding progresses, Mecum keeps going over to the seller to get the reserve lifted. The main reason for reserves is to avoid a loss, and there's no way this guy is taking a loss at over $2 million, but the guy refuses to lift the reserve. Then he starts griping to Mecum about fees, and Mecum turns away from the camera and starts talking on the down-low, so I'm guessing he was offering some sort of concession on the fees, but the guy still refuses to lift the reserve. Strike one.
Next, Mecum goes back to work on the seller again, and now the seller has changed his concerns and he's worried about how much it's going to cost him to get another one! This is a big tell. Why are you auctioning your car if you're concerned about how much it's going to cost to get another like it? My take on the seller at that point was he never intended to sell in the first place. Strike two.
Now comes the point where the reserve is met and the seller looks like someone just told him his dog got run over! I can't remember the last time I saw a seller at one of these auctions who just had their reserve met looking like they were about to sprout tears, but this guy does. Strike three.
This keeps looking more and more to me like these scumbags from the early 90s who would put their car up at auction with a sky-high reserve they knew would never be met, with the intention of driving up perceived values. Then we would read all about how this car or that car was "bid up to..." at auction in the car magazines and that would be the new benchmark price. But this guy misjudged the demand and the reserve was met thanks to two rich guys wanting to duke it out. I'm thinking he was looking forward to being able to brag about how his car was worth $2+ mill or so and instead he lost the car.
I'm also thinking the announcers were right when they said they high-end collectors are focusing more on rarer Mopars just as that market has shifted for the Fords and GMs. These guys don't want to spend a ton of money on 1 of 100 cars, or even 1 of 10 cars. The big money is going to be chasing the 1 of 5 or less type cars.
barnfind
Well-Known Member
There's speculation of one of these cars reaching 5m, well see. The GM and Ford crowd have alot of heartace over these cars. Its a high stakes mind game, so I like to watch, these big egos and checking accounts duke it out. I always thought the Superbird would be the modern day Deusenburg. The 71 Hemi Cuda Vert is a strong example of supply and demand in the mopar world. These verts are pure bragging rights.
Bruzilla
Well-Known Member
Now that we're seeing the investors leaving the hobby and the collectors taking back control, there's going to be a lot less demand for cars that were once highly sought but are now just average. I remember when prices were escalating, the only criteria a car had to meet to be valuable was things like "Big Block B Body". That's it. People were in such a blind rush to get in the market, if the car was a Big Block B Body it would sell. And we still see that today to a lesser degree with long-time hobbyists who assign special values based on general characteristics.
Like the commentators said on that video, high-end collectors seem to be going after far more specific characteristics, and to get the big bucks a car is going to have to meet them.
Like the commentators said on that video, high-end collectors seem to be going after far more specific characteristics, and to get the big bucks a car is going to have to meet them.
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