Barrett Jackson is on fire

[427TJ]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: GTO_DON</div><div class="ubbcode-body">Every car so far on a Tuesday is over 200-300 THOUSAND.
WHERE'S ALL THE MONEY COMING FROM? </div></div>

Low interest rates = cheap money. Stock market booming. Aging baby-boomers cashing-in and buying toys. Top 5-10% of the country is doing great. Guys with money buying cars to stash away as diversified investments that they can enjoy. (&quot;You can't drive your money.&quot

[427TJ]

Might be interesting to see as baby-boomers die off (no offense, I am one of them) and cars start coming back to auction, who will be there with the money to buy them and for what price? Boomers fueled not just the U.S. economy for their whole lives but lifted the global economy too. The following demographics are not as large and do not have as much money spread across the demographic. Will the top 10% of post-boomer generations still pay boomer money for cars--cars they themselves did not grow up with and therefore do not have youthful nostalgia for? (I've bought stuff from the old days, including cars, because these things made me feel younger--relive the good old days.) You can be sure the speculators are very busy speculating. (As I just did.)

[old5.0]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: 427TJ</div><div class="ubbcode-body">Might be interesting to see as baby-boomers die off (no offense, I am one of them) and cars start coming back to auction, who will be there with the money to buy them and for what price? Boomers fueled not just the U.S. economy for their whole lives but lifted the global economy too. The following demographics are not as large and do not have as much money spread across the demographic. Will the top 10% of post-boomer generations still pay boomer money for cars--cars they themselves did not grow up with and therefore do not have youthful nostalgia for? (I've bought stuff from the old days, including cars, because these things made me feel younger--relive the good old days.) You can be sure the speculators are very busy speculating. (As I just did.) </div></div>

60's musclecars will never go begging for an owner, but as time goes on they will increasingly share the spotlight with later model stuff, the same way Deusenbergs and Pierce-Arrows currently share it with 70 Cuda's and 69 Chevelle's. Can't stay young forever.

[427freak]

Don't forget, it is an international market today. I am reminded of this when I received a call from a young man from Mongolia wanting a 65 Mustang. Google the weather and the road situation there. More cart trails then roads. I sometimes forget the allure these cars have to people around the globe now. China is coming on board also. Without the foreign market the last 5 or 6 years would have been a lot tougher for the vendors, shippers, dealers etc...
I hate seeing some of the cars go, but when the car is for sale and they have the money, whatta ya gonna do.

[SBR]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: 427freak</div><div class="ubbcode-body">Don't forget, it is an international market today. I am reminded of this when I received a call from a young man from Mongolia wanting a 65 Mustang. Google the weather and the road situation there. More cart trails then roads. I sometimes forget the allure these cars have to people around the globe now. China is coming on board also. Without the foreign market the last 5 or 6 years would have been a lot tougher for the vendors, shippers, dealers etc...
I hate seeing some of the cars go, but when the car is for sale and they have the money, whatta ya gonna do. </div></div>
Agreed, their is more wealth being created across the globe and only a limited amount of great cars.

[bashton]

Let's not forget that the red W-30 convertible previously &quot;sold&quot; at BJ for 357k was not sold and restored by TROY Thorton, it was sold/restored by his brother, who runs a totally separate restoration business, which also happens to be in PA. Just sayin...

Bashton
MCACN Managing Member

[HO455]

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: bashton</div><div class="ubbcode-body">Let's not forget that the red W-30 convertible previously &quot;sold&quot; at BJ for 357k was not sold and restored by TROY Thorton, it was sold/restored by his brother, who runs a totally separate restoration business, which also happens to be in PA. Just sayin...

Bashton
MCACN Managing Member

</div></div>

Bob you are so right… Troy is truly a genuine &amp; good guy who does absolutely beautiful restorations. He is willing to help anyone trying to restore Oldsmobiles' regardless of who they are. He helped me with numerous questions, leads, parts etc... and did not receive anything back in return. He just loves these cars and enjoys helping the Olds community. He and his brother Jeff have totally different restoration shops and are completely separate entities. Thanks so much Bob for posting the clarification. [img]<<GRAEMLIN_URL>>/beers.gif[/img]