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Oh Man don't mention Barrett-Jackson. It's because of them that muscle cars are all out of reach price-wise to anyone except millionaires who want to put them in a garage and look at them until they die. I just can't beleive what classic cars are selling for there. This Barret-Jackson craze just started about 4 years ago or so.
If there is any example that we have A LOT of people in the U.S. with just too much money, it's Barrett-Jackson. It's almost like "hey I think I will spend $75,000 for something cool, not sure what it's worth, but I can afford it". Now I'm seeing early 60's galaxy station wagons selling for $100,000 there. I want to shake these people that are bidding and say "what in the world are you doing bidding so much for that car for??".
It's entertaining to watch, but it's sometimes depressing to see these rich guys gobble up all the cars that will probably sit in a garage. And then you get every Joe Blow that has a rusted through 1971 Nova on bricks on his front yard thinking he has a goldmine sitting there rusting away.
Oh Man don't mention Barrett-Jackson. It's because of them that muscle cars are all out of reach price-wise to anyone except millionaires who want to put them in a garage and look at them until they die. I just can't beleive what classic cars are selling for there. This Barret-Jackson craze just started about 4 years ago or so.
Not necessarily, you're correct about muscle cars started gaining huge amounts of popularity starting about 5 years ago but it really isn't to blame on Barrett-Jackson. If anything blame it on the baby boom generation who statistically have more disposable income than any other generation currently. If you look at some of the "big bucks" bidders who drop a million plus on a car, you notice these people are usually part of that baby boom generation- Alan Jones, Ron Pratt, Dave Ressler.
This generation grew up around muscle cars and many of them now want to relive those days because now they can actually afford their dream machine. Because of the high percentage of disposable income, you see baby boomers living a jet-set lifestyle which was basically unheard of in past generations; past generations moved to Florida and live their glory years but not this one. I don't see a problem with them wanting to relive their teenager years, without their desire to go fast in the 60's and early 70's, we wouldn't have had a muscle car era.
I guess I defend the baby-boom generation just because both of my parents are a part of it. I know my dad has worked damn hard throughout his lifetime to get what he has and now if he wants to drop $100K on a muscle car he dreamed about when he was a teenager, he should be able to do it without people saying anything. He bought a Corvette last year and I think he's eyeing a couple vehicles this year.
And you CAN still buy into the muscle-car market for less than $30K but you just can't get anything with HEMI, Yenko, Z28, Shelby, COPO, or Judge anywhere in the name.
I just think it's a bit frivolous to spend that kind of money on a replica which is what the "Superformance" GT40 and Daytona coupe are. Don't get me wrong, Superperformance builds a nice car, but they are a dime a dozen and you could find one for way less than the auction frenzy will create if you just look around.
And I don't think it's all that impressive that of the 12 "Shelby Cobras" listed, 6 are replicas, 3 are "continuation series" (new Shelby American replicas) with only 3 originals.
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