I like the weekday shows too. More real world, wouldn't be afraid to drive 'em cars.
Mecum has some good weekday shows also. From what I seen you could bag a decent driver for $10-15K that you could never build for that money. Some oddball/ GRM types super cheap. Gonna spectate one day, closest auction is 4 hours, prolly know already tho I'll be back w/ check and trailer.
Cotton wrote:Keith Tanner wrote: Agreed. If you can't drive it, it's not a car.Some people get enjoyment out of driving, some customizing, others collecting and preserving, some do it all, and on and on. To each their own, but it's still a car.
When it gets to the point where you can't drive it without destroying the reason you own it, it's no longer a car. It's an investment like a gold bar, or it's a piece of furniture or art. But there's a line somewhere, and I think that's past it. Once a car becomes permanently immobile by choice, it has ceased to be a car. They're made to move.
That's why I find car museums boring. It's like going to a wax museum. Sure, there may be some pretty things to look at, but it's so much better to have them alive and moving. Even the cars in car museums usually have some history, this T/A has never even got that far. It's a stillborn vehicular embryo.
I get that there are a lot of facets to the hobby. I'm pretty open-minded about most of them, but if you're afraid to drive it due to investment purposes then I have difficulties with that choice.
fasted58 wrote: Mecum has some good weekday shows also. From what I seen you could bag a decent driver for $10-15K that you could never build for that money. Some oddball/ GRM types super cheap. Gonna spectate one day, closest auction is 4 hours, prolly know already tho I'll be back w/ check and trailer.
Those are precisely the cars I really like. Incredible value and something you don't see every day.
I'm also in the camp of "cars are meant to be driven". I understand why people don't drive them, and I can go along with it to a point. But at least take it out on a sunny 75 degree day and enjoy it for what it was built to do.
Car shows are pretty big around here. Time was I would wanna save every car I could rescue. Can't blame anybody for preserving, where would the hobby and the industry that follows be w/o it. Life is too short tho. If it don't go, chrome it.
Cotton wrote:aircooled wrote:There is a guy on ferrarichat that bought two Ford GTs when they came out....one to drive and one to preserve. Of course with the values now he'll make money on both of them anyway if he decides to sell.Javelin wrote:Saw one a few years back with an 84 Corvette. Almost no miles, perfectly original, stored for over 30 years, base price around $21,000... ...sold for $15,000. Ouch! What do you figure, about 95% of the Ford GT produced are just sitting in garages waiting for a "payday"?fasted58 wrote: This extremely well-documented car was purchased on March 29, 1979 for $15,000 dollars.If my calculations are correct, he could have had $702,000 worth of Dow Jones today for his $15,000 on that date instead of $170,000 for a car he never drove and had to pay to store and insure for the last 36 years, so don't feel bad!
Ford GT's have gone nuts. There were a lot of us at work (here at Ford) who fantasized about waiting for the kids to be done with collage, retirement savings looking OK and still a few years to go before leaving the work force. We thought that might coincide with the low point of the depreciation curve. How wrong we were. Even high mileage cars with recorded damage can easily top $200K and nice ones are over $350K and it's still 10 years away from our dream point!
Also they do tend to be driven, you see a fair number of them out and about in the summer months around here racking up miles, they are cars that are meant to be driven.
Back to the TA in this thread. I just don't get it. I wouldn't have paid $10K for that car. For what that car sold for I could buy and drive a nice used Aston or 360 and afford to maintain it for summer use. A 996TT for winder use. A track car, trailer and tow vehicle and still have $$"s left over for tires. It makes zero sense to me.
Cotton wrote:aircooled wrote:There is a guy on ferrarichat that bought two Ford GTs when they came out....one to drive and one to preserve. Of course with the values now he'll make money on both of them anyway if he decides to sell.Javelin wrote:Saw one a few years back with an 84 Corvette. Almost no miles, perfectly original, stored for over 30 years, base price around $21,000... ...sold for $15,000. Ouch! What do you figure, about 95% of the Ford GT produced are just sitting in garages waiting for a "payday"?fasted58 wrote: This extremely well-documented car was purchased on March 29, 1979 for $15,000 dollars.If my calculations are correct, he could have had $702,000 worth of Dow Jones today for his $15,000 on that date instead of $170,000 for a car he never drove and had to pay to store and insure for the last 36 years, so don't feel bad!
We had 4 of them on original MRO at Mecum Indy last spring.....Black/White(didn't sell at around 220k), Red/White(sold for around 300k), White/blue(I drove this one, sold at 400k), and a Heritage Gulf that didn't sell for $500k. All 4 were still owned by the same dealer that squirreled them away for long enough to not get nailed gouging customers.
That was a good investment strategy with those, as they probably had $100k in each. 
I love second Gen T/As and have owned a few back when they were affordable. Nice cars left my price range about fifteen years ago, and rusted out hulks with Chevy engines have been beyond my reach for at least ten.
The anniversary cars don't really do anything for me though.
In reply to Adrian_Thompson:
There is a guy in Muncie who drives his Red/White GT in the winter.....with studded snow tires.
GT350's are still commanding a mark up of $10-20K, I know someone who found one for a friend of his last weekend. Paind $10K over. He himself has orders in with dealers in 3 states for a 16 GT350R, first to get it he will buy, the others he will back out of, not that the dealers will have any issue with that.
I know of three GT350R's so far, two have gone straight into garages never to be driven, one the owner is actually living in Germany, he's bought and paid for it and is paying the dealer to store it.
I'm curious to see what this goes for.
A sub 400 mile Syclone? Yes please! It wouldn't stay at 400 miles under my ownership though.
http://www.barrett-jackson.com/Events/Event/Details/1991-GMC-SYCLONE-PICKUP-190330
To me this is a far better deal. Found with 4.5 miles and sold for $27,000.
In reply to Appleseed:
I still wouldn't want one of those horrible things......
I tried to convince my wife a few years back that we should refinance the house and put the money into a Ford GT. Obviously I failed, but it's one of the few times in my life when my investment advice would have been any good.
Keith Tanner wrote: I tried to convince my wife a few years back that we should refinance the house and put the money into a Ford GT. Obviously I failed, but it's one of the few times in my life when my investment advice would have been any good.
I tried something similar, but it was just too damn much money without really knowing which way they were going to go.....couldn't justify it for the risk. Sucks seeing where they are now, but that's how it goes.
http://petrolicious.com/the-happiest-race-car-will-probably-sell-for-less-than-it-s-worth
Not Barret, but still...
(that is to say that its awesome and a worthwhile car, not crazy price)
In reply to WOW Really Paul?:
No better or worse than a $170,000 Trans Am.
In reply to Appleseed:
True, the $170k T/A was a late 4sp/poncho 6.6 however.
Apexcarver wrote: http://petrolicious.com/the-happiest-race-car-will-probably-sell-for-less-than-it-s-worth Not Barret, but still... (that is to say that its awesome and a worthwhile car, not crazy price)
I would pay more for that car than any of the others in this thread. Some history for me there.
How about half a million...
Only if Burt Reynolds, himself, gave me a back rub while singing me Dave Duddley truck driving songs on my birthday for the rest of his life.
aircooled wrote: What do you figure, about 95% of the Ford GT produced are just sitting in garages waiting for a "payday"?
A large percentage of GNX and Syclones went straight into storage. The musclecar greats were starting to go up in value at that time and people got ideas. Bear in mind that when the GNX was made, cars like the Hemi 'Cuda and LS-6 Chevelle were well under twenty years old, and good ones were getting up into the $50k range for the right buyer. 10x increase in twenty years isn't a bad investment.
Downside: While the GNX and Syclone were rare - 547 GNXs made, 100 (IIRC) Syclones made first year - they didn't have the rarity of anything Hemi where production runs were as low as seven per year. And people drove them, and they got stolen and cut up, so the rarity increased.
My high school auto shop teacher was good with the Ford dealerships, and when the original Cobra R came out, they told him about a guy who bought an R on condition that he could get it without dealer prep. He was there when the hauler with the car got to the dealership. The car went straight from car hauler to enclosed trailer, saw maybe 50 feet of road before being stored away with all of its plastic protective coating intact.
Appleseed wrote: Only if Burt Reynolds, himself, gave me a back rub while singing me Dave Duddley truck driving songs on my birthday for the rest of his life.
Based on what he looked like climbing out of the car, I don't think you are going to get many more rubs out of Burt.
I'd very much like to shoot the camera and production guys that did that IROC video. I just love the shakeycam lightflashy tech they use. I makes it so very much easier to see what's going on.
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