Not Ranked
At the Mecum auction I also noted that the Shelby CSX 4000 cars were commanding some pretty good prices, upward of $90-$100K for cars that were very nice. I really have to wonder, though, if that market can continue to support those kinds of prices. That is pretty thin air when you get to that level for a reproduction. Dana Mecum was telling me that, as of last August, prices were starting to soften on many marques, and that $50K was beginning to be the threshold for most cars. I was surprised at the bids on many cars, one of which was a very nice '63 SW Corvette with F.I. and low miles. Normally, I would have thought it would have commanded mid to high $50s. It sold at $43K with NO reserve. That probably says something, too. Remember this was before WTC and the massive layouts were are seeing in many industries.
Lets face it guys, there are a number of Cobra manufacturers producing a lot of cars. I think the secondary market has only so much elasticity to absorb this secondary market. Just my two cents. As Asharapa correctly stated, quality of manufacturer, condition, and uniqueness will be a contributing factor in maximizing return or minimizing loss.
Dan: You are too generous with your comments. You obviously haven't been one of my clients over the past year.
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