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Stop paying so much for silly cars

Posted on 1/23/18 at 7:17 am
Posted by CAD703X
Liberty Island
Member since Jul 2008
94730 posts
Posted on 1/23/18 at 7:17 am
Nailed it.

quote:

Barrett-Jackson’s 2018 Scottsdaleauction just wrapped up and everyone’s rich dad went home happy with a NUMBERSMATCHINGIKNOWWHATIHAVE 1970 Chevy Chevelle SS that’ll sit untouched in a garage for the rest of eternity. Occasionally my dad and I will watch the auction live because I will always have a soft spot for ‘60s-’70s muscle cars and trucks, but can we all admit how silly prices are getting?



quote:

Take this 1969 Chevy Camaro ZL1 for instance. Sure, it is a rare car. According to the listing, only 69 COPO Camaros were ever built. There are more Ferrari 599 SA Apertas around in the world.

But does that justify the $770,000 auction price? Absolutely not. “But Alex, this ZL1 is the only one built with the NC8 chambered exhaust!” you may say. In response, I say who the heck cares. All I see is an orange Chevy Camaro ZL1 with a big block in it.

Whoever bought it will likely never drive it and paid hypercar prices for a car that basically has all the provenance of a trivia question between commercial breaks on the Velocity network.




jalopnik
Posted by Bustedsack
Member since Dec 2017
4387 posts
Posted on 1/23/18 at 7:18 am to
I'd pay twice that.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
139230 posts
Posted on 1/23/18 at 7:20 am to
I bet that retard from Gas Monkey still lost money at an auction like that
Posted by Winston Cup
Dallas Cowboys Fan
Member since May 2016
66986 posts
Posted on 1/23/18 at 7:20 am to
These are investments for the most part, sit in a show room and are resold in another decade or three.

What do you think they are paying $$$ for a car to take to the early bird dinner?
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 1/23/18 at 7:22 am to
The price for things such as collectible cars, art and the like soaring is a classic leading indicator of a peaking economy.
Posted by Bustedsack
Member since Dec 2017
4387 posts
Posted on 1/23/18 at 7:22 am to
quote:


What do you think they are paying $$$ for a car to take to the early bird dinner?


DQ driver-thru bubba
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18419 posts
Posted on 1/23/18 at 7:24 am to
Stop telling me what to do with my money. Just because you can’t afford to buy silly cars doesn’t many no one else can.
Posted by Rebel
Graceland
Member since Jan 2005
144681 posts
Posted on 1/23/18 at 7:24 am to
Cad suffers from low T.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68469 posts
Posted on 1/23/18 at 7:24 am to

Clemson sucks.
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
70472 posts
Posted on 1/23/18 at 7:24 am to
quote:

What do you think they are paying $$$ for a car to take to the early bird dinner?





A good friend of mines grandpa does just that lol. He buys old muscle cars, fixes em up, drives them for a few months, and sells it. Buy another one, repeat. He averages about a car oer year.

Granted, he isnt spending outrageous amounts, but it is still quite a bit, usually 50-75K
Posted by TigerWise
Front Seat of an Uber
Member since Sep 2010
35132 posts
Posted on 1/23/18 at 7:24 am to
You should auction off your clunker
Posted by Martini
Near Athens
Member since Mar 2005
49697 posts
Posted on 1/23/18 at 7:26 am to
I saw a lot of nice cars in the 30-40 range which means if you look around and not buy from a Barrett Jackson type auction you can find a nice ride.
Posted by danfraz
San Antonio TX
Member since Apr 2008
24550 posts
Posted on 1/23/18 at 7:26 am to
Is it your money?




Then STFU
Posted by BestBanker
Member since Nov 2011
19724 posts
Posted on 1/23/18 at 7:31 am to
Wealthy people do wealthy things.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 1/23/18 at 7:32 am to
I’ve seen better cars driving through the quad on a Wednesday
Posted by Rebel
Graceland
Member since Jan 2005
144681 posts
Posted on 1/23/18 at 7:35 am to
OP sounds like Kamala Harris or Nancy Pelosi. He thinks he knows better how to spend other people’s money than they do.

OP, Why do you hate the free market?

We don’t much care for socialists on this board.
Posted by CAD703X
Liberty Island
Member since Jul 2008
94730 posts
Posted on 1/23/18 at 7:52 am to
Damn I just posted a funny article.

Odd thing for the OT to get so butthurt about.

SERIOUS CAR AUCTIONS IS SERIOUSNESS!!
Posted by lsuroadie
South LA
Member since Oct 2007
8456 posts
Posted on 1/23/18 at 8:01 am to
Like what mark twain said about land

Buy land, they ain't making anymore of that
Posted by FlyinTiger93
Member since May 2010
3724 posts
Posted on 1/23/18 at 8:35 am to
This has been going on for generations, and will continue going on. If the writer does not get it, they should not be writing for Jalopnik. The buyers are looking for what they lusted for, as a youth. As a buyer, you want anything that sets you apart from the masses. If it is a special exhaust, color combination, whatever, it adds value to the educated. Muscle cars are near their peak. The buyers that knew them as teenagers are old, and simplifying their lives. The sell of will begin, soon, prices will fall, and the 80's and 90's cars begin to climb in value.
Posted by Mo Jeaux
Member since Aug 2008
64599 posts
Posted on 1/23/18 at 8:36 am to
Don’t you have a shitty old BMW with a fruity, rainbow license plate?
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