I watched a youtube video that discussed how many cars did NOT sell and didn't even come close to the minimum bid..... Blamed it on the economy...
Speaking of Mecum. I got an email from them today with this....
[td]
It is with a heavy heart that we share the news of the passing of one of Mecum's cornerstones, John Kraman.
John played a pivotal role in the growth and success of Mecum Auctions, serving as a consignment director and becoming the unmistakable voice of Mecum since our television debut in 2008. His dedication to positioning our brand in the best possible light was more than a career—it was his life’s mission.
John set the standard for excellence, demanding accuracy, precision and the highest quality in everything we did. He wasn’t just part of Mecum Ao
; he was Mecum Auctions, living and breathing its essence every day.
A mentor, a legend, a Mecum cornerstone, our family.
Thank you, John.
Fair enough.90% of the people that go to those auctions will complain about the economy but to them that means they can only pay 300K for a Camaro/mustang not 500K.
Pics of the car please.... LOVE them 911's....These cars are investments that are very easy to sell. It's not like a house. So they can change hands quickly when needed. I got a 993 a few years ago, I thought I would keep it forever, but I needed the money for an unexpected life change. The car was gone in two weeks for slightly more than I paid. So, sad the car had to move, but very happy to get my money back, It was a very enjoyable air cooled bank account with a really good interest return.
I disagree, well they can be an investment but not a dependable one, I see many high dollar builds go for pennies on the dollar.These cars are investments that are very easy to sell.
I disagree, well they can be an investment but not a dependable one, I see many high dollar builds go for pennies on the dollar.
And the cars of the early 1900 are only worth a fraction of what they were going for in the 70's.
But lets talk Mustangs, specifically fox body models, you have to get your hands on a 1 of 1 model to have any value that lasts and appreciates in value but you can't drive it! So where is the pleasure of owning one?
Some think because a 93 Mustang Cobra went for a big pile of dough at Mecum that makes the rusty horse that's been sitting under a tree for 25 years worth more.
You're paying more now to rebuild a classic car than what you could sell them for.
Don't get me started on dealing with buyers!
Just my opinion and I've been around classic cars my whole life.
did you see what Hendricks paid for the two C2 restomods????I think he may have been talking about Corvettes as mentioned in the previous post. Those can be easy to sell and make money on - especially the C1 and 2 - and maybe even the early C3s, depending on the options....
did you see what Hendricks paid for the two C2 restomods????
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