MAN!!!! Can you believe this?!?

#6
zookeeper said:
When will it all end? I mean about a year ago, that would have bought a nice '67 GT500 now it's bringing a rolling basketcase? Anyone who thinks this market isn't ripe for a crash better remember '89...
Click to expand...

I can't wait!
Funny thing is, I've been seeing a lot of nice driver V8 Mustangs selling for $5000-$7000. You couldn't really find stuff like that a year ago. So perhaps they're already showing signs of slowing down, and the rarest cars are just gonna take a little longer.

My problem is I don't see the point in spending this much money on an original car. Sure it'd be nice to have a real Shelby, but for half the price it costs to get one, you could build a better car and not have to worry about getting road dirt on it. I'm doing a V8 swap on my '66 that was already in excellent survivor condition and I wouldn't hesitate to build a 428CJ Mach out of a normal '70 Sport roof.
If I want an investment, I'll buy stock. Those are easier to dump in a hurry, and they don't rust.
 
#8
zookeeper said:
When will it all end? I mean about a year ago, that would have bought a nice '67 GT500 now it's bringing a rolling basketcase? Anyone who thinks this market isn't ripe for a crash better remember '89...
Click to expand...

A year ago $70,000 would not have gotten a nice 67 GT500- trust me on this-



Unfortuntately, I dont think this is over-

When Enzo Ferrari died, the price of vintage Ferrari's shot up-

How is Carroll doing now days?


For 6000 or 7000 you cant touch a driver around here- well at least not a nice one-

Houses are getting crazy around here, Mustangs are getting crazy around here.....maybe I should move...lol...no
 
#9
I may be wrong, but there was a dealer on ebay trying to sell two nice "driver" quality '67 GT500's about a year ago. One was green and one was red. The red one was the nicer of the two, but had an auto trans, while the green one had both quarters replaced and the floors repaired in the past. He had a reserve of $70K on both and neither met that reserve. I also remember in '01 when Shelby magazines were astonished that '67 GT500's were suddenly fetching $50K. I also agree wholeheartedly with '66 Coupe. I saw a nice, original '67 GT500 a few years ago at a car show, and of course, everyone was slack-jawed over the mere sight of the car. I took a ton of pics because I couldn't get any of the owners of real Shelby Mustangs to reply to numerous emails about how parts fit together when I was mocking up my clone. During that time I realized that this car and my car rolled off the same assembly line. It had the same good points and the same bad points. The difference is mine isn't worth anywhere near what the real thing is and it never will be, and that's ok by me. That gives me freedom with my car that the owner of any Shelby will never have. My son is anxiously awaiting his first ride in my car this summer. If I had the means to blow $150,000+ on a real Shelby I'm not sure I could even drive it, let alone do a burnout in it to impress my 5 year old! I also can modify my car to improve it's shortcomings without losing sleep worrying about whether I destroyed my "investment". In other words I can enjoy my car for what it is, a car, period. It's not my retirement, my kid's college fund, or a treasure to be hoarded in a climate-controlled garage and guarded by high-tech alarm systems. It's a car that me and my son will look back years from now and remember the first drive, the time I allowed him to drive it, and if I have it that long, the day I give it to him. It's value will be in the memories, not in how badly I can fleece the next guy who buys it and what I'll do with all that money. I'm old enough to remember when "real" Shelbys were treated that way, too.
 
#10
I understand what your saying- and I agree 100%

All I can say is if the market crashed tomorrow and my car was worth only 15K- I would still like it the same-

My car is not an investment, or a retirement fund, it is a car that I wanted and was lucky enough to get an incredible deal on (I have less then $30,000 into mine) and I will treat it just like I treat any car I have ever owned before it- (which means, burn outs, track days, and dyno days)

Im too damn cheap to run the A/C in my own house during the summer, it will be a cold day when I get A/C for the car...lol

and I have too many memories with this thing to ever cash in on its current value- life is short- have fun while your here-

You cant put a $ figure on memories. period.
 
#11
You and I think a lot alike! I don't know if anyone remembers a post of mine about a local guy, but I think it really sums up my feelings about cars. Anyway, after WWII, a guy who lives near me had the chance to buy a plane from the US government for $4,000. He bought a nearly new AT-6 trainer. That kind of money would have bought a house in '46 but this guy chose the plane. He flies the thing fairly often, especially in the summer he's out pretty much every weekend. Mind you, this guy is now over 80 and the plane is worth a hell of a lot more than the $4,000 he paid for it. He could easily sell it and live the rest of his life relaxing. Instead he makes the choice to enjoy his life and his plane every chance he gets. To me that's what life is all about, and that's what keeps me going on my car when my checkbook is empty, my knuckles are bleeding and I want to just chuck it all and go in the house for good. Summer's coming and my car is almost done!
 
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