Fox Bodies At Barrett Jackson

deathb4dismount said:

Wow. Still think this price is ridiculous, and the auctions are trying to drive up prices way beyond what they are worth.

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I agree. $30K for a 1983 Mustang GT?

Only think I can think of is that this is just speculative investment. These buyers are banking that values will continue to rise and have no interest in buying the car for the sake of owning a fox. They will never set foot in a forum and ask questions. They just see it as an appreciating asset, add it to their vast collection in a warehouse somewhere, and in 10-20 years they run them through the auction and hope to double or triple their money. Gotta remember, B-J is full of guys with gobs of money, warehouses with overheard that paid for, and who made their money by being good at it. Maybe once in a while an enthusiast does buy the car they dreamed about in HS, but I think most there are trying to predict market conditions 10-20 years from now and where they can make money. I get a newsletter from Haggerty that has articles dedicated towards investment opportunities and which vehicles are set to take off. It's a business, and some guys do it very well

For regular fox bodies, typical market conditions of supply and demand apply here since most here are driving and modding/restoring their car. There are still plenty of cars being hacked up, poorly modified, and wrecked. That does have real consequences on the cleaner average fox bodies out there. It doesn't mean you have a $40K fox though.

If I won the lotto for 400 million or something like that, there's a list of Ford's I'd pay anything for just to have. At that point, paying $200K for a teal 1993 Cobra with 100 miles would be well worth it to me.

No Saleens? An SA-10 or SSC?