Hi
I am the owner of the Picardy Red Bathurst HK Alan referred to.
Its a shame that anonymous posters get personal with other posters who, in the spirit of the forum put posts up to create interest and discussion. Anonymous posters cannot be considered credible. If you have something important to say or wish to be strongly critical then identify yourself otherwise you are just words on a page.I dont know if HT350 is shifty with his story but if hes got a cheap Sebring HT350 then good luck to him.... I hope he enjoys the build, it ends up in pristine condition and he enjoys it! Good luck to you.
As far as prices go, firstly regarding my car. I will not be specific about the price other than to say I I spent a year negotiating with Steve, the previous owner who has become a good friend.It was a close to record price but I am happy with the car and am in no hurry to sell it.
In my humble opinion I think that values are not spectacular at the moment. I have several other top shelf cars. I am not particularly concerned and am not trying to sell any top end cars at the moment. I am sure many owners of top end cars are in a similar position which is why we have not seen hundreds of them dumped into the market. It is worth note that there are very few top shelf Bathurst Monaros/Phase 3s/A9xs/etc going through the auctions at the moment. I can confirm that good xygt sold privately a few weeks ago for $160,000 and other cars are still changing hands privately at good prices. I am also aware that a highly collectable car ( I am sorry I cannot tell you what it is ) is in the final stages of negotiation and will likely change hands for around $250k. I agree that top shelf cars will always hold their value. The ex-owner of the record breaking Sebring HT350 is a mate of mine and many of you also know him. That is a fine car and should fare well in this financial storm. Good luck to the new owner. I hope you enjoy your car.
High prices are great when you are selling, lousy when you are buying........but its always nice to hear about the other bloke who got a heap for the same model that is in your garage....
Like it or not strong values are ALWAYS going to be an important part of our fantastic hobby. Nobody wants to give their car away at a bargain price after spending valuable time and money improving it. Part of the enjoyment of owning collectibles is being able to value add, sell for a profit and then be able to do it again.... That is a great experience....
A good friend who has one of the more significant collections in Oz keeps saying that they stopped making these cars decades ago. The 60s/70s are seen as a GOLDEN era. Not just for muscle cars but culturally/ socially and there are more people who desire these cars than there are available so they should always have good value.
If you think that there is less interest in these cars then get yourself to the next Musclecar Masters. There are huge crowds. You will notice that not just old farts go. There is a heap of interest from young people too.
The styling, user friendliness and performance of cars from this era will help sure up their value into the future.
Musclecars are a little different to Wesfarmers shares and should never be compared. As investments go you should only speculatively invest what you can afford to lose. I do hope Musclecars hold their value, not for me but for the wellbeing of the hobby. Im an optimist.
Im off to the shed.....
Cheers
Nick Moran. NSW.
Edited by user Thursday, 30 April 2009 7:26:03 AM(UTC)
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