Old buckeye

The prices on most of the cars being sold are incredible this year.
You wonder if the stock market had something to do with this.

2 Corvettes sold for charity brought some nice money.

Kevin A Jones

Do you mean incredible for buyers indicating lower prices or incredible for sellers indicating higher prices.

A robust stock market can mean buyers have more $$$ to spend, thus raising prices, however I've seen where a poor stock market will send some investors seeking more tangible investments thus can raise prices of collectible cars as well.

Maxie2U

No question about it. Car prices across the board where in the stratosphere compared to previous years. Even some OK cars sold for over $150,000.

After all, the stock market has added $7 TRILLION DOLLARS in the last 12 months and given consumer confidence is soaring. Try going to a restaurant they are all jammed.

vettpapaw

I have more money to spend, I got a 2% raise on my Social Security!!!!

mschuyler

He's talking about AUCTION prices for charity, not about prices of normal cars.

Edit: Well, guess its not just charity, but it is at the auctions.

Kevin A Jones

Yep, the wallets seem to open wider for charity auctions.

Walter Raulerson

Please read my NEW POST

Walter Raulerson

vbdenny

Over $100,000 for a Mustang? Oh boy

Ron'sGS

The ZR1 serial#001 Sebring Orange went for I think it was $925,000 , do you guy's think it will ever be driven?

rrsperry

Probably not.

Always Red Dave

Never

Foosh

I think they must spike the HVAC system at B-J Scottsdale with something that causes folks to lose their grip on rationality.

Kevin A Jones

Then there's the 'juice' on top of the hammer price.

roadbike56

The bids on the cars yesterday seemed to be way higher than the bids at the Mecum auctions and I'm not just talking about the charity cars.
Then again, I'm just a little ol' Leith auction guy, sort of the poverty auction for classic cars.

davidtcpa

I was watching it on the Velocity channel also. I thought the prices were much higher now.

Apocolips

I saw one guy buy several "Muscle" cars for way more than they are worth. How much you want to bet they were bought to sell overseas. I guess there is nothing wrong with that, it's just I hate to see great cars like that leave. I also wonder how many of the buyers are actual "car guys/gals" and not someone who just wants to impress others with how much they can spend on a car!

rrsperry

Eh, the cars are worth exactly what someone will pay for it. It doesn't matter if you would pay that much or not.

And the Jackson cars are just BETTER cars than they offer at Mecham.

BRCC

The increase in Medicare ate most of that increase up

Kevin A Jones

I expect you are right. Some here are always saying collectible cars are poor investments, which is not always true. Collecting 'investment grade' cars can be very profitable if the collector/investors knows what to buy, what they can pay and most importantly have the contacts thus know who purchases these cars and what they are willing pay.

I also expect some BJ sellers did quite well on their sales and perhaps some of the buyers will as well at some point even though it seems sale prices were inflated.

Travelor

Did you forget about the Medicare cost increase. Makes my COL adjustment $4/month. And I thought all prices were going up - silly me.