Re: Barrett-Jackson;All Ford Show;Big let down! - NCRS Discussion Boards

Re: Barrett-Jackson;All Ford Show;Big let down!

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  • Norris W.
    Very Frequent User
    • December 1, 1982
    • 683

    Re: Barrett-Jackson;All Ford Show;Big let down!

    Actually I like it when the car prices go in the tank. First of all, it puts more cars in the hands of the REAL car guys and runs out some of the *****s that don't care anything about the hobby. Second, it lessens the common sense pressure to sell cars that are expensive because of what the money could mean in other investments.

    I rode my L88 to the peak in the late 80's/early 90's, then watched it fall off the map and lose probably 50%. Of course there's been another surge since then, but it would suit me fine if it did it again. Big prices hurt the hobby and the REAL hobbiest in many cases.

    (now if restoration, especially paint prices could just experience a slump too)
  • Jay G.
    Expired
    • August 31, 1993
    • 398

    #2
    Re: Barrett-Jackson;All Ford Show;Big let down!

    I agree. I bought my then L-76 63 for 12K in 91 when the bottom dropped out for Corvettes. Big Blocks were going for in the 40's. After people paid 70-90K in late 80's. Very cyclical, but the Car Dealer types will try to create a market and possibly destroy one. RE: Jacksons comments. Pro-teams comment on the podium just before the 67 auction. "Hey I may have just found the last 62, could bring it next year." That may have well created a shut down of bidders. Precieved Greed factor. Although I feel it was blackballed. The reason alot of big block weren't there was FEAR. No Reserve. With a shakey climate common sense would dictate Not too bring a 250K car to watch it sell for 180K. The correction may be on it's way. Cash is king now. Lets hope the little guy gets a chance to secure the ride of their dreams.

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