Last weekend’s Raleigh Classic Car Auction was full of special cars, but prior to the event we weren’t sure to what lengths buyers would go to fight over them. Turns out, a number of well-kept vehicles attracted serious bids. Here are some of the offerings that sold for more than their top-condition average values. Read the full article on Hagerty.com:
My opinion, for what is worth:
These prices the unfortunate attempt to keep values, in general, inflated. Of course, reality reporting doesn't attract readers, because there is no sensationalism. To bad, because I feel that it scares the average buyer away.
Buy what you like, and enjoy what you can afford. Keep your head on your shoulders and smile wide as you enjoy whichever classic that you choose.
Keep safe: stay healthy!
No, they don't make them like they used too. My son rented a 2019 Suburban to drive from Iowa to Virginia last year. All the bells you can think of including automatic running boards and who knows what else. So lets see, you have a 1990 Suburban that rides like a tank and would be lucky to get 10-12 mpg. So do you drive it or let it sit and look at it? By the way, the 19 Suburban got 24 mpg. No they don't make them like they used to.
And sitting in my storage unit is a 1991 Special Edition Miata I bought for $800. It was parked next to a shop and my Miata radar is always on. A deer ran into the right front fender damaging it and the headlight bucket. The car's owner didn't want to fix it and the shop wanted it gone. I have all the replacement parts and I think it may be worth doing right by her now.
"It makes sense; they just don’t make cars like they used to."
That makes me chuckle. I remember how we would all kick the tires on the new '80s cars and lament the same thing.
Did anybody see what the C4 Vettes were selling for at Mecum??? Holy smokes, cheap! Low miles too. Like $4,500-$6,500 for sweet looking rigs. That's beater territory for a lot of eye appeal and 'good' performance.
I'm sure that at the right auction you could get these kind of prices, but if you were to try to sell one in the normal private party "car parked on a vacant lot" sort of sale the Suburban, Datsun and Cadillac would all be selling for more like $2,500.
I will never be a future buyer of an ordinary vehicle at inflated prices. A 1990 Suburban was never a coveted vehicle when new. Makes me think I should hold onto my Ford Escape, as it could be worth $100k in 20+ years! 😂
Those are some impressive prices. I should have brought my 1986 Corvette Conv with 7,800 miles on it there. I have the original tires wrapped in plastic in my garage and car is 100% original, except battery.
I think I just saw that exact Eldorado going down I-475 in Flint, MI yesterday! I saw this beautiful Eldo cruising up behind me and he passed me. Same colors, the car was immaculate, and it had a temporary sticker in the rear window. I had an 83 Riv, and my parents had an 84 & 85. We loved those cars, reliable, nice driving.
Nice cars....I bought a 96 Eldorado ETC with 50K miles and excellent condition for $10,500 a few months ago. I love it but haven't been able to register it yet due to DMV issues and lack of time. Some would say that I paid too much for it. I disagree. Northstar V-8, great original red paint; and they don't make 'em like that anymore. !!!!!
Also at this auction, a 1989 Chevrolet Cavalier Z24 convertible and 1989 Buick Century custom sold for over $7,500!! My take is that dealer buyers are over paying big time for NO RESERVE cars that can qualify as "used Cars". The new car market is slowing very fast.
I left a comment here hours ago, but it's yet to show up. I can only conclude that Hagerty is now also filtering comments and they only publish the ones that agree with their agenda. Time for me to unsubscribe and delete my account. Goodbye.
Why some cars bring the prices they do just amazes me. I know you need at least two bidders who want a car of their dreams but I'm just wondering how some dreams defy logic. Beauty is in the eye they say but give me my 89 Indy Pace Car Special Edition Twentieth Anniversary Turbo Trans Am. Only 1555 produced, only Trans Am with a 6 & the fastest Trans Am ever made (from PMD). Only car made in America faster that year was the twin turbo Callaway Corvette. When will this car be recognized as a true collector?