If We Only Knew Back Then On The Prices

[Larry E.]

How the prices have changed

[Brian D.]

Re: If We Only Knew Back Then On The Prices

That's why you should build your time machine as a semi trailer instead of a Delorean.
In a similar vein:
Back around 1950, my dad had his private pilot license.
He also had a 40 acre farm, with plenty of length to accommodate a grass strip.
What Dad did not have at the time was an extra $1,500+/- cash for one of these...

DSC00090.jpg

https://www.controller.com/listing/for-sale/200410619/1944-north-american-p-51-mustang-piston-military-aircraft

[Justin S.]

Re: If We Only Knew Back Then On The Prices

No kidding, with minimum wage below $2 an hour.

[Mark E.]

Re: If We Only Knew Back Then On The Prices

The bad news is US medium income was $7,200.

[Terry M.]

Re: If We Only Knew Back Then On The Prices

That's why you should build your time machine as a semi trailer instead of a Delorean.
In a similar vein:
Back around 1950, my dad had his private pilot license.
He also had a 40 acre farm, with plenty of length to accommodate a grass strip.
What Dad did not have at the time was an extra $1,500+/- cash for one of these...

[ATTACH=CONFIG]109278[/ATTACH]

https://www.controller.com/listing/for-sale/200410619/1944-north-american-p-51-mustang-piston-military-aircraft

Brian
I have a story about one of those from when I was in the Air Force. It is too long and off topic for this forum, but if you remind me next time we are at a meet together I will be glad to share it with you.

[Jeffrey S.]

Re: If We Only Knew Back Then On The Prices

The value of $3795 in January 1967 is $31,900 today (CPI inflation calculator). And think about what you didn't get for that $31,900. ABS brakes, air bags, 0-60 in 4 seconds, traction control, exponentially more horsepower/torque, etc., etc. etc. The list goes on. Of course you did get a 67 Corvette! Come to think about it, maybe that's better. Just saying.
Jeff

[Owen L.]

Re: If We Only Knew Back Then On The Prices

The bad news is US medium income was $7,200.

Plus the disposable income was nowhere near what it is today. I would also suggest that, had we known of today then, the entire history of cars like these would be completely different and the exponential value increases would not have occurred. But then, we would have known that in the '60s...

[Larry E.]

Re: If We Only Knew Back Then On The Prices

The value of $3795 in January 1967 is $31,900 today (CPI inflation calculator). And think about what you didn't get for that $31,900. ABS brakes, air bags, 0-60 in 4 seconds, traction control, exponentially more horsepower/torque, etc., etc. etc. The list goes on. Of course you did get a 67 Corvette! Come to think about it, maybe that's better. Just saying.
Jeff

Jeff: Another thing you don't get is recalls on the stuff listed above. More then half the stuff listed don't work when needed. Or work when
when you don't want it. eg.>how many times have they recalled air bags. AFA that 0-60 times>most of the improvement is due to tire
technology. If there was a way to put todays tires on past cars the times would surprise you. Of course>JMHO Larry

[Tom L.]

Re: If We Only Knew Back Then On The Prices

Only 55 now but If I had the $3795 in 1967, the opportunity and know what I know now I'd have bought tracts of waterfront land down south somewhere. Dropping 100+K on a '67 or C8 wouldn't be an issue. I'd have both.

For sure, hindsight is 20/20 or better. Just an unobtainable dream at this point so it is what it is. Have fun!!

[Gary S.]

Re: If We Only Knew Back Then On The Prices

Ok, we are dreaming (nightmaring?) but you can have the cars and planes. I will take 1,000 (or 10,000) shares of Microsoft stock on the IPO sale! Internet says that $1000 would have brought you 48 shares and would be worth $3.7 Million. imagine what 1000 shares would bring!

just day dreaming.

[Justin S.]

Re: If We Only Knew Back Then On The Prices

Yeah, as long as you had qualifying assets to be allowed to invest in an IPO. The rich get richer.

[Bill M.]

Re: If We Only Knew Back Then On The Prices

in 1975 I bought my first Corvette for $1750 I was the happiest 18 year old in the world. Parents thought I was nuts. I probably had to borrow money for my first tank of gas. I have never regretted going into hock.

[Larry E.]

Re: If We Only Knew Back Then On The Prices

It appears that the current inflation has starting to effect the "Book Value" prices of Hagerty and NADA.
Will take a run of the mill C2 1966 Corvette Base Engine Coupe. With very modest options(No A.C.) the
price of a #1 condition(I would say equivalent to a Top Flight NCRS Car) the price listed is>

Hagerty>99K
NADA>87K

Considerably up from a year ago. Yes I know the Book Value and Selling Price can vary. I'm just pointing
out the trend.

Should be interesting to see the upcoming Auctions with Barret-Jackson@Scotsdale and Mecum@Kissimmee.
Will inflation reflect the "buying prices"? Comments Please>Larry

[Frank D.]

Re: If We Only Knew Back Then On The Prices

People with gobs of disposable income seek "hard" assets in times of inflation and they aren't always the ones that know the value of what they are purchasing....hence some of the silliness on Bring-A-Trailer of late. Same with gold, diamonds, collector comic books, etc..
The fact is that these cars have bcome less and less practical to drive as original parts availability and expertise to fix them moves on, retires, expires, etc.. Right now there are only about 3 people in the central Florida area I can recommned to work on original cars and they stay slammed.

I can do a lot of my own work (many can't) but I can't do everything. I suspect that the most recent round of buyers will barely drive the cars and they will be relegated to the occasional show or sit in a collection. Just my opinion and obserations.

[Bill M.]

Re: If We Only Knew Back Then On The Prices

I said years ago i am glad the speculators got out. Now a normal person can afford an old corvette. As far as driving i usually hear 2 things fom people wow nice car and arren't you afraid it will get scratched?