Who says C2 prices are down?

[Larry S.]

There's a '67 on eBay (item 140283340195) that's bid to $62,100, and there's almost 2 days left. It seems like a nicely restored numbers-matching car, but it is a SB 4-speed with only power brakes and steering, white with black interior--no bolt-ons, leather, side exhaust, headrests, speedminder, A/C, etc. I'm not degrading the car; it's just that people have been talking about the bad economy leading to $30K C2's.

[Jay G.]

Re: Who says C2 prices are down?

Most of the people cuttin the price down don't own a C2. Its commin on winter. Come Spring and after the AZ. auctions may tell a different story than my opinion. I remember my Dad tellin' me (regarding both Cars and Houses.) " You don't think what you have is that great. Till you start lookin around."

[Brandon T.]

Re: Who says C2 prices are down?

I say they're down because well...they are just like everything else is....maybe not as much as a 454 dually truck but they're down.

[Loren L.]

Re: Who says C2 prices are down?

Down from what? Is there a C1 or C2 owner out there that has owned their car for more than three years that does NOT think that the value of their car has DOUBLED during that time? Please call, I'm willing to confirm your fears.
As an aside, could we please NOT refer to e-bay sales as a "benchmark" for market value?

[Jay G.]

Re: Who says C2 prices are down?

True, e-Bay has no semblence of reality. Like to watch it though. Seems like all types of cars sell. Then magically reappear in 1-10 days. Dead beat bidder claims etc. I like Hemmings to find a more legit market. Both buyers and sellers.

[Jim D.]

Re: Who says C2 prices are down?

The car on E-Bay has not met reserve so my bet is that those bids are "shill bids" to raise the perceived value of the car yet not enough to meet the reserve. It's done all the time.

[Bill M.]

Re: Who says C2 prices are down?

Please refer to them as mid years ( no such thing as C ) . I bought a decent 66 convertible 300 hp driver a year ago October for 36.5K and have not seen another at this price. I do not think prices are dropping but remaining stable.

Bill

[Brant H.]

Re: Who says C2 prices are down?

Always difficult to say for sure from pictures, but this looks like a very nice car. Certainly could not restore it for that (again, if it is as nice as the pictures show.)

[Edward S.]

Re: Who says C2 prices are down?

Never had a way to test it but I was always told that big blocks in great condition and with strong paperwork will most always bring the bucks.

[Kenneth B.]

Re: Who says C2 prices are down?

The car on E-Bay has not met reserve so my bet is that those bids are "shill bids" to raise the perceived value of the car yet not enough to meet the reserve. It's done all the time.

You are right. It's just like at the auctions,air & shill bids. At least at the live auctions they tell you up front that they may place a bid on the car. It was not because they were that honest but one was sued because he & the auctioneer were the only bidders.
KEN

[Dick W.]

Re: Who says C2 prices are down?

Kenneth, at an auction with reserve, it is perfectly legal for the auctioneer to bid up to the minimum. Some auctioneers will do it, some will not and just announce that it did not meet reserve. Sometime that you have plenty of time go to the following link http://www.law.cornell.edu/ucc/2/article2.htm and read the Uniform Commercial Code 2-328 that deals with auctions. If you are not thoroughly confused when you read that, go to http://www.msaa.org/members/html/arc..._section_2.htm. That article is written by one of the foremost attorneys that deal with auction law. At least 47 of the 48 continental states have adopted this code either in it's entirety or with minor modifications. It tells you every thing that you Never wanted to know about auctions

[Robert M.]

Re: Who says C2 prices are down?

Down from what? Is there a C1 or C2 owner out there that has owned their car for more than three years that does NOT think that the value of their car has DOUBLED during that time? Please call, I'm willing to confirm your fears.
As an aside, could we please NOT refer to e-bay sales as a "benchmark" for market value?

Loren,you hit the nail squarely on the head. All these folks beating this market thing to death either don't own a C1 or C2, or bought one recently for a lot of money hoping to flip it. Those of us that have owned our cars for years and are not selling anything wonder what all the fuss is about. IMHO ebay is strictly exposure,nd those prices have very little to do with actual value.

[James F.]

Re: Who says C2 prices are down?

When money changes hands, ie a sale is consumated, you can start to build a case for value. Too many people look at asking prices and use them for yardsticks in the market. I agree with throwing out ebay for analysis regarding current market. Just because a car met reserve on ebay doesn`t mean any money ever changed hands. Most quality `67`s or mid-years period, whether small or big block have settled into hands that are not selling them. I also wouldn`t establish market averages on the non quality cars that seem to be circulating now.

[Tony S.]

Re: Who says C2 prices are down?

Honestly, I don't really give a cr@p if my car is worth 25 percent less now than what it was last year. I love my car and it's not for sale, so the market value assessment is just numbers to me. I'm more interested in other numbers, like the horse power rating of my car and my score from the recent Waco Regionals.

Have a great Thanksgiving all!
Tony