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I was watching a Barrett Jackson car auction
topstuf
Posts: 14,803 ✭✭✭✭✭
on a streaming channel last night. Several sellers were a bit disappointed that their cars didn't bring as much as they thought.
Hmmmmm....sez me.... at least I don't have to register my coins or change oil on them.
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True but you don't get to "exercise" them on a beautiful day with a big smile on your face while onlookers droll all over themselves whipping out their phones in appreciation either.
Many of the players in that field are quite old. The newer players may be fewer in number and may also have different opinions about what is cool in the way of cars. Supply and demand rules again.
Doesn't matter. Coin collectors never show off.
That is very true. If you show a coin with Henry VIII on it (for example), their is immediate interest because of the history behind that coin. With cars, as collectors die out, with rare exceptions, vehicles from their era lose interest. I have a car from 1951 and the group of people who actually drove a car made 68 years ago is getting very small. Right now, muscle cars from the late 60's and early 70's command the most interest. The people who own those cars are living the memory of their high school days.
LMAO, help I cannot get up from the floor!
I guess all those Registry Sets, attempts to be the greatest collector, and "LOOKIE WHAT I JUST BOUGHT" posts are just my imagination. Oops, I missed your Emoji. You get it.
Collectors in all fields are proud to show their possessions....From marbles to firearms...Even beanie babies in their day....doubt anyone is still proud of them...
...Cheers, RickO
a good looking female will not do a double take on a coin rolling down the street though
I don't know. I bet if I strolled down the street with a necklace made of $20s, I'd get some action.
Seems like the economy is getting slower in several areas
Ive heard of some weakness or soft spots in the car collecting recently. Several major auctions this year have had underwhelming overall results. Top of market is struggling the most
When a Delahaye gets down to 50k let me know.
@topstuf That's not a car, that's a work of art. Saw one in person at the Blackhawk museum in Cali.
Think of the fresh new coins that rode in that car when it was new!
Great transactions with oih82w8, JasonGaming, Moose1913.
I have a set of sticky "slicks" that I will toss on my 1968 Shelby, with a 428 engine and 4 speed, and spray the rear quarter panels with non stick cooking oil, and take it to the car shows and put it in the burn out box, soak in bleach for a bit, and then: .
It raises a monstrous rooster tail of smoke as I burn it out. (It is chained down).
I have never had a coin get that kind of OOOOOOHHHHHHHHHHH, I cannot believe you are doing that to a car like THAT !!!!!!!!!!!!!!!!!
Another 100 teenagers are converted to the House of Cool Cars.
Wash it, clean off all the burnt rubber on the rear, put the real wheels and tires back on, and cruise away.
And yes, it is "ARREST ME RED" from the factory.
This is NOT mine, but you get the idea (Notice the steelies on the back)
A lot of the newer players wouldn't know how to drive or handle them! They don't have all the nanny safety features of now a days! Just think if someone used to a car with traction control got into one of them old beasts and launched it like there car with traction control! I wouldn't wanna be around!
It’s not like you can’t be into coins and cars at the same time if you wanted to be. They both offer totally different benefits and enjoyment and not a one or the other proposition.
I often say there is nothing like cruising in my 77 VW Westfalia/65 transporter buses with my wife, kids and dogs in the evening for an ice cream outing or legit camping trip. Loads of fun getting honks and waves and random folks talking about their VW stories out of the blue. Tough to do that with a slabbed coin. We always say a real thumbs up is worth 100 digital ones. The feeling just gets neater the more you work on the vehicles yourself, whenever you can. I like the saying, Nice car! but if you didn’t do it yourself, no braggin. Score something that is still mint from factory if you can and just grin while your eating up the miles, you only live once.
Tapping into a relationship with a vehicle doing services and whatnot is bigger and deeper that just a simple reliving of ones youth. There is even a little collector gene thing in there where relationships and connections count in regards to how to unearth the parts you need. Adding an impossible rare part to the vehicle feels a lot like adding to the coin collection.
I still love my coins though and like knowing there are some sweeties tucked away while I’m restoring or cruising. They are recorded and live in my minds eye while I simultaneously enjoy other hobbies, to be conjured up at any time. Memorized from countless viewing and photography sessions, they become old friends when I get them out now and then and pleased they are just the way I remember them. Still, they tend to be a private hobby thats done over a computer or shop/show if I’m lucky and somewhat secretive so no one comes for the goodies while I’m at work. My classics really get me out of that bubble. Real roads, real smells, real adventures. I need more of that in my life.
Like some folks say with coins, its nice when prices soften so one can easier afford to get into something previously priced out of. On the other hand, high prices bring out the rare and tasty desirable parts and cars that have preciously been in hiding.
Simply looking at public sale price levels and scripted cable TV programming is hardly the pulse on the what’s really happening. I say get em while you can and still get parts, bring something back from oblivion and go drive through Montana or someplace. Pretty fulfilling.
I rarely used to lose money on cars that I bought used and drove...then resold. A while back I bought a earlier Vette with less than 5000 miles on the clock. Worst move I ever made! I shouldda just enjoyed it and drove it. I think it had less than 5500 miles on it when I sold it. Between keeping it up and insurance I bet I am lucky if I didn't loose more than 10 Grand on it.
Never again! Classic or not if I buy a car I am going to enjoy it!
Anything with an Art Deco design will survive the test of time. It never goes out of style.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
I always have some extra cars laying around. I've always enjoyed working on them and driving them. Bikes too !
Picked this Midget, a '76, off fleabay 17 or 18 years ago. Just had it out all day today.
That's why I got rid of my '29 Chevy I fixed up.
It had mechanical brakes and I had ONE car cut in front of me. There is NO emergency stopping with those.
I was a Big time Beanie Baby collector! I still have a few boxes of them but would buy some Bears for 7 bucks and flip them for fifty! I would wait in line at all the hallmark card outlets hoping to get them bears. 1st come 1st serve back in them days. Then off to sell them on EBay. Never though about the market falling out on the thare Beanie Babies.
My wife and I had a passing conversation about this today.
One thing that I think will help hold up car values is the plethora of TV shows about classic cars (such as the show that is the initial subject of this thread). And muscle cars continue to be used in many "blockbuster" movies. Like "Jack Reacher" with Tom Cruise driving a 1970 Chevelle SS, for example.
Anyway, it seems that rare "high art" cars (like Duesenburg, Delahaye, etc), muscle cars, sports cars, certain 1950s cars, and trucks (utility vehicles) tend to hold their value. Other types of cars maybe not as well. In other words, if the vehicle is useful and/or fun, and/or historic, and looks good while doing its job, then it will always have value.
To make this coin related:
There needs to be a TV show dedicated to coins (not selling them but the history and values behind them).
PS:
This from an afternoon drive in the mountains last November (look up on the hillside):
Just think of the market in 50 years where the high demand antique is a Prius with an original battery pack that still works!
Yeah, a muscle car still makes me look, but I think people forget that these were really crap cars. I may still want a GT350, but I'd feel safer, more comfortable (and less conspicuous) in a modern version of the Mustang. (And hey, I haven't had to do things like adjust points and timing in over 30 years. Don't miss distributors and carbs at all.
)
Of course, I am assuming you'd be driving it. Most are garage queens these days. It's not really a car unless you drive it...
Ever since 65 when I first saw one I wanted a 65 Mustang convertible. About 10 years ago I had disposable income, found one and went to test it out. All original meant, no power steering, no power brakes, AM radio, no AC. Terrible handling. I decided I’d just remember the looks and pass on owning one.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
I also have an original Mustang convertible.
But it has factory installed power steering, power brakes, and AC. But it does have the AM radio. An AM/FM ORIGINAL runs about $1500, but I just use my IPHONE radio app.
Getting a bit away from coins, but I agree with 2deuces above. Older cars have to be driven "within their envelope" and this is not too impressive although more than (un)wanted excitement. I can not imagine wanting to drive an older GT350 with a modern version.
We fell on riding that the modern one is a bit rough and ready until driving one of the earlier versions. However the performance and comfort are comparatively of another world - I would think to some degree the moderns would hold down the values of the older, at least from a functional standpoint, and at a fraction of the price.
Well, just Love coins, period.
The first car I owned was a red 1967 Ford Mustang which I bought used. It was fun to drive when it was running properly ... but ... that wasn't very often. In the winter the butterfly valve would freeze up and I would have to stick a screwdriver in it to get it to start. I won't even talk about the electrical problems. The older cars have nostalgia value to some but to me they were just poorly made junk. (My 1986 Olds 88 had to have its transmission replaced five times. Fortunately I had bought it new and also bought the unlimited, no deductible repair warranty. The secretary at the Olds dealer would see me coming in the door and immediately grab a set of loaner keys for me.)
I never liked the old Mustangs..I was a Cougar Fan all the way. Had a nice 68 XR7 with a 302 4BL I hopped up. That would haul the mail! The XR7 was so much nicer than the Mustang in every respect! I felt like I was sitting in a tin can in a Mustang!
One of my "other" collection !! Driven weekly to keep it exercised !!
Top 10 Cal Fractional Type Set
successful BST with Ankurj, BigAl, Bullsitter, CommemKing, DCW(7), Downtown1974, Elmerfusterpuck, Joelewis, Mach1ne, Minuteman810430, Modcrewman, Nankraut, Nederveit2, Philographer(5), Realgator, Silverpop, SurfinxHI, TomB and Yorkshireman(3)
As the generations change, so does interest in cars. I do think people like to buy the cars of their youth. Going into the future, I think Ford is doing well with cars like the Mustang GT350R today.
Here are some interesting articles on the changing of the guard with Japanese cars of the 80s and 90s on an upward trajectory. The original NSX even worth more than Ferraris of the same era now.
Japanese Classics Are the Hottest Bet in Car Collecting Right Now
The Supra, Acura NSX, Subaru Impreza, and even the Toyota MR2 are trending up.
https://www.bloomberg.com/news/articles/2019-02-22/japanese-classic-car-values-expected-to-continue-climbing
The Classic Acura NSX Is a Better Investment Than the Dow
Japan’s perfect sports car is more desirable than ever.
https://www.bloomberg.com/news/articles/2018-08-03/the-classic-acura-nsx-is-a-better-investment-than-the-dow
Why old NSX values are rising while new NSXs are falling
https://www.hagerty.com/articles-videos/articles/2018/09/11/old-and-new-nsx-values
My dream car when young,
I did have a Mustang. Sold it because I couldn't park it without monitoring the wheel covers, gas cap, etc.
The cool cars at my high school were the 4WD Trucks. We all had them and would go offroading in the backcountry and set up a party. The only cops who tried to crash our parties were in Helicopters which couldn't do much
My cousin had TWO 1968's.
I was a passenger once when he took one up to 140. You could get away with that stuff in the 70's.
He raced 'top fuel' so he didn't worry me.
My dream car........
Here's an interesting note about speed I noticed in my early H raisin days. The dotted line in the center becomes a solid line around 130!
I have been doing car paintings and been watching the car market for over 30 years and have also seen the general market change as groups get older(50-70) and they buy the dream cars from their youth. They start buying and restoring them. There is a definite bump and then they go flat and start to drop. Pretty soon the cars form the 80's and 90's will get a bump. It has been funny to see each generation be so sure the cars from the next will never be worth anything. Of course there are always some that will keep going up because of style and rarity. Here is one of my latest pieces. It is called "The Tail of Two Snakes". It is two AC Cobras reflected on each other.
my car art & My Ebay stuff
Here is my 1951 Roadmaster. There is no power steering or power breaks and the engine is a straight 8. I drive it when I can afford the gas. If you don't drive your car, it becomes a very expensive paper weight. I keep 1951 coins in the glove box. My wife hates the car because she cannot fit her Mini Cooper in the garage. I have offered to place her car in my trunk. Love those vacuum windshield wipers!
That would be more like a house weight than a paper weight!
@dcarr said:
"PS: This from an afternoon drive in the mountains last November..."
Hey Dan,
You may be making too much money. LOL. Good for you!
When I worked for a different TPGS, one of the graders accused me of being jealous that the boss was extremely rich. NOT SO you fool! I love it and I hope he gets even richer. The better he and our company does, the better off we'll all be.
@topstuf said: "I did have a Mustang. Sold it because I couldn't park it without monitoring the wheel covers, gas cap, etc."
I had a '61 Corvette convertible and after losing ashtrays and shift knobs I only parked it where I could see it or just took it out and back to the garage.
If you don't already illustrate for magazines, posters, private parties already, YOU SHOULD!
Yeah. It makes it so fun to drive the Pacific Coast Highway and find neat little cafes to get something to munch and only sit at the window table. The FRONT window table. Unless it's parked in back.
Very rarely I'll have 30 minutes to myself late at night to sit on the couch and watch TV. There's one channel (you probably know which one, I don't remember) which seems to have these Barrett-Jackson car auctions on as a marathon. I enjoy watching it and trying to guess the value of the car before the price comes up. Usually I am way off. I'm sure there are many factors that go into the value of an antique car, maybe more than for coins.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
I remember when I was at a collectables show in Clayton, N.Y. when Beanies were hot. A guy and his wife nearby was selling them. He said they were "never going to go down in value because they are limited editions"
For even more fun go over to the RFD channel and watch collectable tractor auctions
I thought antique tractors went out when the yuppies quit buying "ranchettes."
Owned one as a kid, white on with panels. Paid $1,800 for it used. Totaled it, so no going back. But I miss the heck out of it. Considering a restomod.
Above should read "white panels".
Restomod=the best of both worlds. Only comes with a hefty tariff.