Let's have some fun with the Barrett-Jackson Auction
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696pack
Well-Known Member
1987 is not a time to use as a benchmark for any car. It was a short lived high for prices for the decade that was created by the stock market black Friday. Wall street types suddenly started buying up old classic and muscle cars as tangible investments rather than the paper stocks whos value evaporated overnight. Prices skyrocketed in a few months and within 2 years when the stock guys went back to trading paper. Suddenly people that were not car people tired of cars they only looked at as an investment and the prices dropped back to pre black Friday prices. Fast forward to about 2000-01 and prices began to increase and again began to skyrocket along with real estate prices. Many of the prices paid for these cars was from baby boomers that had lots of equity in their homes and they either morgaged with a 1st or 2nd and had cheap interest spread out over a long term for cheap payments for these cars. The prices dropped at the same time real estate tanked for the same reasons--over inflated prices paid.
The old car market is cyclical far more than real estate because they are a luxury rather than daily transportation. Real estate is basic shelter that we all need. Some rent and some buy but we ALL have to have it in some form.
The bottom line is that with the old cars we are discussing here will come back again in higher prices when the general economy improves and people have more disposible income to spend on luxury items.
Ron 73
Deceased, But not forgotton
Thanks Ken, I played along, curious how i might do.. PM sent.
MRHWS
Well-Known Member
Well, you don't have to worry for too much longer as the demographics are definately turning towards your favor.A lot of the early boomers, those born in the 1940s, are dead. The 1950s crowd is thinning out, and those of us late-boomers from the 1960s are really the last major group of competitors you'll need to deal with.
QUOTE]
Not all of us:laughing4:
Coloradobug
Active Member
I'm flying to Arizona today for the auction. I will take a picture of every mopar at BJ and Russo and Steele!
Sonny Black
Well-Known Member
I'm an "old guy"...but when I climb into my
B body BIG BLOCK 4Speed car I 'm "18" again.
BJ?, If I had the money and it would make me feel good,
I would spend $.
who cares you only live once.
BTW; my boys (all3) don't give a crap about my cars..
but the 2 girls do!
.........go figure.
JMVHO,
Sonny.
B body BIG BLOCK 4Speed car I 'm "18" again.
BJ?, If I had the money and it would make me feel good,
I would spend $.
who cares you only live once.
BTW; my boys (all3) don't give a crap about my cars..
but the 2 girls do!
.........go figure.
JMVHO,
Sonny.
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B-J is hollywood crap. it's all for TV.
Mecum auto auctions is more of realistic barometer of what the prices of our beloved cars are.
Don't get me wrong, i watch the B-J on occasion, but only if pawn stars or storage wars isn't on.
Mecum auto auctions is more of realistic barometer of what the prices of our beloved cars are.
Don't get me wrong, i watch the B-J on occasion, but only if pawn stars or storage wars isn't on.
kb67mopar
Well-Known Member
I don't think you are correct in saying that all younger generation don't care nor want one. I was born in 84 and I have been a car guy since 85. I think lots of guys my age love the older cars but the simple fact is WE ARE BROKE.
We all are expected to go to college and get good jobs but the simple fact is after college we have no cash left to buy a decent car let alone restore an old one. I've got $50k in school debt to pay off on top of my house and current vehicles. So don't blame it on interest, blame it on what we can actually afford. Until salaries go up, gas prices go down, and restoration costs decrease....they are just not within reach for my generation.
On the other hand a 95 honda civic is cheap, good on gas and reliable...so its what they buy. No highschool aged kid can afford a 60-70's aged muscle car with a 440 not only from an insurance stand point but fuel stand point.
And blame the baby boomers for not getting all of their kids involved in working on their cars as young kids....its how I developed a love for it. too many young adults don't know their butts from a hole in the ground with a car...TEACH THEM!
We all are expected to go to college and get good jobs but the simple fact is after college we have no cash left to buy a decent car let alone restore an old one. I've got $50k in school debt to pay off on top of my house and current vehicles. So don't blame it on interest, blame it on what we can actually afford. Until salaries go up, gas prices go down, and restoration costs decrease....they are just not within reach for my generation.
On the other hand a 95 honda civic is cheap, good on gas and reliable...so its what they buy. No highschool aged kid can afford a 60-70's aged muscle car with a 440 not only from an insurance stand point but fuel stand point.
And blame the baby boomers for not getting all of their kids involved in working on their cars as young kids....its how I developed a love for it. too many young adults don't know their butts from a hole in the ground with a car...TEACH THEM!
68sportsatelliteragtop
Well-Known Member
WOW! What a great response! Had more people posting on this thread who wanted to bicker with others about how in tune with the market they are then those who wanted to engage in a little fun and follow the sales of our beloved B-Bodies?
How about this, if you didn't bother to reply to the TOPIC of the thread, please don't bother commenting on the results of our little FRIENDLY contest! So far we got 3 people involved, I'll leave the guessing open till 5 PM tomorrow, If you would like to participate, that would be great! If not then please kindly....:stfu:
bigmanjbmopar
Newb with a view
I'm back on my meds now.....
kb67mopar
Well-Known Member
Sorry I got to reading all the complaints and couldn't help but have to respond to it.
I'd love to participate but I no longer can afford cable so I can't watch this year.
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CaN i HAVE SOmE?/
68sportsatelliteragtop
Well-Known Member
Sorry I got to reading all the complaints and couldn't help but have to respond to it.
Believe me I will probably tune in to an hour here and there. You can see the results on the main site. If you want to take a guess at the sales PM them to me and I will put you on the sheet, Thanks for your reply, Ken
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Bruzilla
Well-Known Member
I would have to respectfully disagree with you. I've been buying these cars since the late 1970s, along with many other cars, and 1987 was a very marked time in the price progression of collectable cars. Up until 1987, the value of these cars ebbed and rised much like any other car. It was only after October 1987 that prices spiked well beyond any normal trending and prices have yet to recover but they are headed in the right direction now.
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Where to you see the selling prices? Their site just says sold.
Bruzilla
Well-Known Member
I never said or implied that everyone born in the 80s and later is not interested in cars or classic cars, nor did I say or imply that every early boomer is dead.
Far from it. There are people born in the late 70s and later who are into classic cars, it's just that these folks don't have the strong nostalgia drive that us older folks do, and that sense of nostalgia drives a lot of sales. Younger enthusiasts will feel nostalgic for the things that remind them of their youth, which the younger they are the less that will include 60s and 70s cars.One of my sons manages a very popular 70s-themed pizza restaurant that draws a lot of folks from my generation. It's pretty funny to sit out on the patio when a nice 60s-70s car fires up and you hear that deap V8 roar or leaky headers. Every guy's head with a gray hair on it turns almost as one to the sound. It's like when you watch those nature shows and a whole herd reacts to a sound at one time.
But the younger guys show no notice. But, let someone fire up a Civic with a fart can on the exhaust, and they all turn and look.By the way, I made all my kids, even my daughter, learn how to turn a wrench as part of learning how to drive. They all have their own cars and never need a mechanic. But none of them drive or like the same cars I do. They are all into the "import" (yeech) scene, as are most of their friends, and I think that's entirely natural. I expect someday their kids will look at a fartcanned Civic and say "yuck. That's one of those Dad cars!" But to my point, what you're doing with that 95 Honda Civic is exactly what boomers did back in the 1970s and 1980s, and for the same reasons. We couldn't afford expensive cars either, so we bought and fixed up what we could afford - 50s, 60s, and early 70s cars. Those were our first cars and that's what we're nostalgic for. Maybe some day you'll be nostalgic for a 95 Civic.
bigmanjbmopar
Newb with a view
Since we are still in fighting I have a story not a comment. It was 1982 and I was a teenager looking for my first car. Riding the bus home from work one day I see a 68 charger all primer-ed up with a for sale sign on it.
I quickly pull the stop cord on the bus and get off at the next stop. Go over and look at it. It had a torn up interior badly torn up and the sign said 440 4 speed.
The $ amount....now hang on to your hats.......$1100.00!
I race home to get my mom who had some cash for a car she had saved for me close to 2k and yelled at her to get the car and let's go! Well mom being so smart told me maybe we should phone the seller to make sure they can be there....oh yeah good idea....Called him up and guess what....sold! a high school friend bought it out from under me. was very sad and ended up wit ha furd/mockery cougar to be exact....neve was right in the head after that lol..j/k
Anyway to end the kid who bought it ended up fixing it up having it painted all black threw some seat covers on it and called it good because of course the engine and trans were all ready done since most of us did that work first before the outside, guess that is still stuck in my head and on my RR.
I also remember being able to buy a perfect condition ram air 3 69 gto for around $5k was high for me then but was doable. This remained true in my area up until what seemed like 86 or 87.
I also remember riding in that 68 and doing 90 mph in first gear up a hill smoking the tires all the way! it was one nice charger. I still miss it.
I have a story not a comment. It was 1982 and I was a teenager looking for my first car. Riding the bus home from work one day I see a 68 charger all primer-ed up with a for sale sign on it. I quickly pull the stop cord on the bus and get off at the next stop. Go over and look at it. It had a torn up interior badly torn up and the sign said 440 4 speed.
The $ amount....now hang on to your hats.......$1100.00!
I race home to get my mom who had some cash for a car she had saved for me close to 2k and yelled at her to get the car and let's go! Well mom being so smart told me maybe we should phone the seller to make sure they can be there....oh yeah good idea....Called him up and guess what....sold! a high school friend bought it out from under me. was very sad and ended up wit ha furd/mockery cougar to be exact....neve was right in the head after that lol..j/k
Anyway to end the kid who bought it ended up fixing it up having it painted all black threw some seat covers on it and called it good because of course the engine and trans were all ready done since most of us did that work first before the outside, guess that is still stuck in my head and on my RR.
I also remember being able to buy a perfect condition ram air 3 69 gto for around $5k was high for me then but was doable. This remained true in my area up until what seemed like 86 or 87.
I also remember riding in that 68 and doing 90 mph in first gear up a hill smoking the tires all the way!
it was one nice charger. I still miss it.
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kb67mopar
Well-Known Member
I never said or implied that everyone born in the 80s and later is not interested in cars or classic cars, nor did I say or imply that every early boomer is dead.
One of my sons manages a very popular 70s-themed pizza restaurant that draws a lot of folks from my generation. It's pretty funny to sit out on the patio when a nice 60s-70s car fires up and you hear that deap V8 roar or leaky headers. Every guy's head with a gray hair on it turns almost as one to the sound. It's like when you watch those nature shows and a whole herd reacts to a sound at one time.
By the way, I made all my kids, even my daughter, learn how to turn a wrench as part of learning how to drive. They all have their own cars and never need a mechanic. But none of them drive or like the same cars I do. They are all into the "import" (yeech) scene, as are most of their friends, and I think that's entirely natural. I expect someday their kids will look at a fartcanned Civic and say "yuck. That's one of those Dad cars!" But to my point, what you're doing with that 95 Honda Civic is exactly what boomers did back in the 1970s and 1980s, and for the same reasons. We couldn't afford expensive cars either, so we bought and fixed up what we could afford - 50s, 60s, and early 70s cars. Those were our first cars and that's what we're nostalgic for. Maybe some day you'll be nostalgic for a 95 Civic.
For clarity the note about the 95 civic was only an analogy. I hate 4 cylinder cars with fart cans!! When I see the spoilers I just want to hook my Hemi ram to em and rip em off! (sorry I had to get that out)
I know exactly what you mean about nostalgic. My first car was an 83 AMC Eagle SX/4 I paid $900 for. Was truly a piece of crap but I find myself looking at them on craigslist! But I have always been an older car guy. They just don't make em like they used to.
And my comments about teaching children...I have way too many colleagues and friends that just never learned a darn thing. I find myself always having to look at other people's cars for them because "what is this vibration" or "I didn't know that was broke"....its crazy how oblivious they are. I find it dangerous, they drive around in cars that I wouldn't drive to the scrap yard!
EccentricMagpies
Well-Known Member
these should help:
Dodges
No.1 Lot no.365 1965 Coronet Convert
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=365&aid=443&pop=0
No.2 Lot no.449.1 1970 Charger
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=449.1&aid=443&pop=0
No.3 Lot no.450 1968 Coronet R/T Convert
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=450&aid=443&pop=0
No.4 Lot no.706 1970 Super Bee
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=706&aid=443&pop=0
No.5 Lot no.1248 1968 Charger
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=1248&aid=443&pop=0
Plymouths
No.6 Lot no. 432 1967 GTX Convert
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=432&aid=443&pop=0
No.7 Lot no.944 1970 GTX
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=944&aid=443&pop=0
No.8 Lot no.1249.1 1970 Superbird
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=1249.1&aid=443&pop=0
No.9 Lot no.1262 1968 GTX Convert
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=1262&aid=443&pop=0
No.10 Lot no.1571.2 1966 Satellite Hemi
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=1571.2&aid=443&pop=0
Combo 2 Cars sold together as 1No.11 Lot 5001.1 1971 GTX Pilot car
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=5001.1&aid=443&pop=0
No.11 Lot 5001.2 1970 Coronet R/T Pilot car
http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=5001.2&aid=443&pop=0
bigmanjbmopar
Newb with a view
So some of them did not sell or they have not gone through yet?
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