Quote:
Originally Posted by strat61caster
Change that to 50 years and we're on the same page entirely.
I disagreed with the thought that any car that gets driven or is mass produced is instantly worth significantly less than the "crazy" prices seen on the cars that are called 'collectible' these days.
$60k+ for the right 911 or Mustang seems like a bargain to some, but most laugh and recall when they were <$10k sticker new or that time a buddy tried to sell theirs for $500.
There will be a day when most people look at used 86 prices and balk, and I think that's a pretty damn safe bet. Hell, many did that when they were new. Top dollar is subjective, but I think the same kind of prices we see in desirable sports cars from the 60's is not unreasonable.
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The article is talking about top value collectable cars not reasonably priced old driver cars. Those are the ones where low mileage or reduced numbers do indeed make a big difference. Cars that have more mileage ARE significantly cheaper. That is an indisputable fact and can not be debated. If you have two identical 1970 911s and one has 200K and one has 2K do you really expect them to go for the same money?
Those that laugh and recall they had a $10K sticker new also were around and know that they couldn't afford that since it was the same as $50K now. To look just at the price of the car separate it seems like they were cheap but when looking at the big picture you need to know they were not. The reason that many collectable cars are so valuable now is that the people that lusted after them back when new could not afford them but now they can even though the prices can be way above sticker. You also nailed the wording when you said "the
right Mustang or 911" since they don't all go for big bucks only the best.
Many of the cars I sold of for a couple of hundred bucks are now worth decent money even if in the same well worn condition they were in when I sold them.