vettejack
New member
This is my entry on the Corvette Forum...lets get 2 cents out of it here!!:hehehe:
I have 2 C3's and a C6. I enjoy both era cars very much. But when I see used muscle cars, to include Vetts's, skyrocket in price, I can make a comparison between EBay, emotional, and Barrett-Jackson type bidding at auction.
If memory serves me, 5 to 10 years ago, a well maintained '67 BB convt, frame off or reasonable restoration, could normally fetch 60K to 75K. If I'm wrong, please correct me.
Since this Barrett-Jackson phoenom has taken off, that same car today is untouchable, with most starting at a minimum of 125K. No one car, not even a Vette, can appreciate 100%, or more, in just 5 years...can it??
Its been written about, and discussed in trade publications, that auctions do not represent a true value of any one item, albeit a wigget or a Vette. What drives the prices up to unbearable amounts, to only where trust funds babies can play, is usually based on emotional bidding, not the true value of the item being bid upon...another words, we hate to lose...and if it means driving the price up on a junk yard VW to $250,000, then by god they will do it just because someone can't stand to lose the bidding!
I've seen it on EBay, at govt auctions, and yes, on Barrett-Jackson. IMHO, it ruins the 'hobby' of collecting a fine auto...because every flippen' yahoo with a junk yard VW thinks now he can sell his for a cool quarter mil as well!
Auctions do not drive the value train on cars...or does it?? If so, or if you think so, what can be done about it? What truely values a car?
My two cents............
I have 2 C3's and a C6. I enjoy both era cars very much. But when I see used muscle cars, to include Vetts's, skyrocket in price, I can make a comparison between EBay, emotional, and Barrett-Jackson type bidding at auction.
If memory serves me, 5 to 10 years ago, a well maintained '67 BB convt, frame off or reasonable restoration, could normally fetch 60K to 75K. If I'm wrong, please correct me.
Since this Barrett-Jackson phoenom has taken off, that same car today is untouchable, with most starting at a minimum of 125K. No one car, not even a Vette, can appreciate 100%, or more, in just 5 years...can it??
Its been written about, and discussed in trade publications, that auctions do not represent a true value of any one item, albeit a wigget or a Vette. What drives the prices up to unbearable amounts, to only where trust funds babies can play, is usually based on emotional bidding, not the true value of the item being bid upon...another words, we hate to lose...and if it means driving the price up on a junk yard VW to $250,000, then by god they will do it just because someone can't stand to lose the bidding!
I've seen it on EBay, at govt auctions, and yes, on Barrett-Jackson. IMHO, it ruins the 'hobby' of collecting a fine auto...because every flippen' yahoo with a junk yard VW thinks now he can sell his for a cool quarter mil as well!
Auctions do not drive the value train on cars...or does it?? If so, or if you think so, what can be done about it? What truely values a car?
My two cents............