Quote from: Royce Peterson on February 01, 2024, 10:11:09 AMQuote from: 6s1640 on January 30, 2024, 11:36:30 PM
Last, here is an example of down slope with a 1968 GT-E Cougar. Both cars appears to be well restored and the same color cardinal red. The one that sold in 2024 was an XR7 with leather interior and the other in 2011 was standard. They both sold exactly the same, $181,500 with fees. Who got the better buy? Thirteen years difference. The 2024 sale in 2011 dollars is $135,708. The 2024 GT-E Cougar was a better buy and with more options. (Yes, only one example, but does illustrate the trend.)
Cory
I agree with your conclusion that the recent one was a better deal but for different reasons. The first example (and I know both cars well) was a home run for the seller. The market had peaked, he was able to save the original numbers matching side oiler through a minor miracle and some very good contractors. The buyer had Bob Perkins at his side and was well heeled, and he had competition from an equally well heeled individual. The car was the first restoration by a pretty good amateur.
The latest one was far better both in the car that they started with, the options, and the restorer. The finished product was far better. We know more today than we did in 2012. There were fewer bidders in the room, no one hired Bob, and the results are what they are. It's hard to say if there was a trend involved when so few cars change hands.
Hi Royce,
I made a correction to my GT-E Cougar reply No. 8. Brian Littlefield had a correction for me that makes the 2024 sale even a better deal. I agree, one example does not make a trend, but does support the observation.
Take care
Cory