69 Z28 RS JL8 Crossram car listed at BJ auction

[whitetop]

Frank & 70 Copo

I also agree the bubble is going to burst any time now. Just read in a Kiplinger type forcast magazine that companies throughout the US have not bought for the most part any large internal infrustructure like computers/cnc machines/tooling unless they HAD TOO over the last 4-5 years because of the sluggish economy. Even the recent Dell commercial made light of this when it showed a workstation with 4-5 monitors and everything duct taped together. These companies know what the buying trend is going to be over the next few years and are advertising their wares.

However in 2005-06 these companies need to and are being forced to upgrade to new equipment because the stuff they are using is just plain worn out or is obsolete. The report said this is a new cycle that happens every so many years and 05-06 is it. The next two years are predicted to be the strongest sales of high end tooling/machining and main frame computers in along time. I don't think it will be like in 97-99 but it will be very strong. I think the stock market is going to come back strong, even lower unemployment and Iraq will start to stabilize after the elections. All of this is going to make the stock market competitive with the returns on collectible cars.

Also, BJ even admitted last night that many of the buyers at the auction were first time car people or people who did well in life who went without a car. These people IMO are not true car people like most of us and will be the first ones to sell their car when the market starts returning more than a single digit return each year...or when the car prices give the slightest indication of going down. They will then go onto their next hobby of the month whim.

[njsteve]

[ QUOTE ]
Yeah I wish they had some people who knew muscle.

[/ QUOTE ]

These guys are just absloute idiots with some of the comments there are making.

If they dont want to bring in hired experts to comment on musclecars, at least bring in someone funny like John "Tuff Actin-Tinactin" Madden, so we can enjoy his ramblings. At least he would be entertaining... I can hear it now:

Well let me tall ya Ray, I saw that JL8 this morning when I was walking to the hot dog stand, just take a left at the mens room and there it is, well those hotdogs were great I tell ya, did I ever tell you about the time I spilled mustard on my shirt at the Superbowl, speaking of Superbowl, that reminds me of when I was in the bathroom earlier when I went to get a hotdog. Hot dog, that reminds of a JL8 I saw this morning...back to you Ray......

[Belair62]

I think we are talking apples and oranges...good real Chevy cars are strong...run of the mill,mediocre stuff will still be bought reasonable as always...you can't use B/J as a bellweather IMO...maybe Charley can tell us a little about the COPO Camaro's there....they are usually the best buy in the Supercar arena anyway...but how good/bad were the ones that went across ? I think the Z's sere selling for a decent buck too for the condition and correctness...last year was abnormal with all the goofyness with crossram stuff.

[Charley Lillard]

I didn't pay any attention to the white COPO because I have seen it before. The car was touted as a 400 orig mile car when in fact I think it was just since it was repainted. The white COPO apparently had girls holding signs and really hyping the car when it went across so I guess it worked. I personally would have bought the black COPO first. Maybe the auto trans hurt the black car. I think the Blue RSJL8 Z28 was bought back by the owner.

[whitetop]

Bob
I disagree and heres why. The lower end musclecars I feel are owned by the true hobbyist who are in it for the love of the cars and are not flipping cars like the griddle chef at Waffle House. These are the people who have been in the hobby for years and will be in the hobby years from now. We all know the regular died in the wool hobbyist has been priced out of the hobby on the rare stuff.

I would make a wager that majority of high end cars are bought by people who are buying them as much for an investment as the love of the car itself. When the prices start fluctuating down they will get out.

[Mr70]

I for one,Can't wait for the Bubble to Burst.
To many Carpetbaggers,novices,speculators are in this Hobby now,& it needs an Enema.

[Belair62]

I think you may have it backwards now though...a couple years ago the "flippers" were selling the higher end stuff...today the cars that can be bought more reasonable are being flipped...There were ALWAYS cars that were out of reach for people...I wanted a 53 Skylark bad 15 years ago but they were close to 50 or 60 then if I'm not mistaken...hell they are still way up there...I don't see many Supercars being flipped these days...they sell privately...and people know what they are worth in the marketplace.Whether these cars hold their value or not is up to the people who own them and want them.The whole crossram/JL8 goofyness of last year probably woke people up to those cars and no one is buying stupid on them from what I saw...tri-fives ,t-birds,GOOD Hemi cars etc were pulling big bucks . I would love to have a nice Hemi car again but they are not in my budget !! Rarity and desireability,and quality of restoration coupled with what the guy standing on the stage bidding wants is what brings the money out there.

[DaveC68]

[ QUOTE ]
[ QUOTE ]
Yeah I wish they had some people who knew muscle.

[/ QUOTE ]

These guys are just absloute idiots with some of the comments there are making.

If they dont want to bring in hired experts to comment on musclecars, at least bring in someone funny like John "Tuff Actin-Tinactin" Madden, so we can enjoy his ramblings. At least he would be entertaining... I can hear it now:

Well let me tall ya Ray, I saw that JL8 this morning when I was walking to the hot dog stand, just take a left at the mens room and there it is, well those hotdogs were great I tell ya, did I ever tell you about the time I spilled mustard on my shirt at the Superbowl, speaking of Superbowl, that reminds me of when I was in the bathroom earlier when I went to get a hotdog. Hot dog, that reminds of a JL8 I saw this morning...back to you Ray......

[/ QUOTE ]

heck, even the info posted on the screen as the auctions ran...
Did you notice the red RS/SS 396 listed as 396 4speed and under that ...stated optional heavy duty hydromatic

[sYc]

I have been hearing for the last 3-4 years that the market is going to drop. Sort of like predicting the long range weather, keep saying the same thing long enough and sooner or later you will be right.

IMO, overall the musclecar hobby will continue to flourish. Yes, some of the crazy stuff may falter, but the quality, hi-performance cars will continue to appreciate. Maybe not at the rate they have the past few years, but will continue to draw attention, thus $$$.

I say this because of the interest in the cars, especially supercars right now. I visit with media folks, vendors, show promoters and collectors on a dailey basis and can honestly say the interest in rare musclecars is increasing, not decreasing. Just look at what is happening in the magazines, with almost ever automotive magazine featuring an older musclecar or two each month. Major shows are catering to the older musclecars more and more. The collectable market, which is driven by the interest in the cars and the folks who built/designed them, is becoming big business. Just look at the sYc and the SCR, where growth the last couple of years has been overwhelming, with new folks jumping on board dailey.

Yes, as the stock market recovers, we will see some folks move on to other investments/trends, but in large part the baby boomers will continue to relive, through musclecars, a more simply, and enjoyable part of their past.


At least I will.

[Jeff H]

I think the Hugger Orange Z28 crossram car was the fake crossram just like the yellow LJ8 from last year. That car brought $79K which is unreal if it was the fake crossram. Did anybody there at BJ get to look at the Orange crossram Z28 to see if it was a real GM manifold? The trend I see right now is that the cars that jumped up over $100K last year have stagnated but the middle level cars are filling in more into the $40-80K range. It just seems like there wasn't a lot of Chevrolet cars with good strong paperwork and that seems to be where the real buyers are interested.