I bought my fastback about 2 1/2 years ago and paid $7,200 for it. My boss thought I was nuts, since like a lot of guys (me included) he remembered them being $2,500 or so for a decent one not all that long ago. Today he asked me what I'd take for it (it's not for sale). We started talking about the current market and he said that he would buy them all day long for $7,200 given the chance again. I can't really say that the current Eleanor thing pisses me off, since like about 99% of you, I have yet to see one and second, it has caused the value of my car and all fastbacks to double. Anyone who says they didn't see fastback prices going up sooner or later is blind. I bought a cherry '65 fastback in '89 and paid about 3 times what I would have for a similar coupe. When you figure that they made something like 4 coupes for every fastback, common sense dictates that the law of supply and demand would take over sooner or later, Eleanor or no Eleanor. If you want a fastback, you'd better get on the stick and get one, because they certainly will never be cheaper. A local builder sold a car at Barrett-Jackson this past January and met a guy from Canada that was one of the bidders on the $260,000 GT500. They hit it off and the guy commisioned my friend to build a killer fastback for his soon-to-be 16 year old son. My friend had recently sold a decent '68 fastback for $8,000 and contacted the current owner to see if he could buy it back. The guy has owned the car for less than a year, the car needed new floors, etc and he ended up selling the car back for about $14,000. That's nearly 100% profit for a car he never touched! What would drive someone to pay that? He got a real lesson in how desirable fastbacks have become, and actually flew to Las Vegas to buy one that sold an hour before he got there! Supply and demand, guys. It doesn't matter whether it's cars, houses, antiques, or whatever, it goes to the highest bidder. Blame Eleanor if you want, but the truth is that we all knew about fastbacks long before they were this spendy, and we knew they didn't make them anymore and didn't buy one then, so who's really at fault?
