American Consequences - June 2019

Talk about fun. And that doesn’t include transportation to the auction and the steep auction fees. How would I know all this? I’m the guy who bought that 1970 Mustang. Still, it’s theoretically possible to make money on rare and old cars, but I’ve never done it. Please note that the dollar figures below are true sums paid at recent sales. And keep in mind what the winsome philosopher Mike Tyson once said, “Everyone has a plan until they get punched in the mouth.” Among American muscle cars, the big money for years was in Chrysler Hemi-powered machines from the late ’60s and early ’70s. They’ve since peaked, but Baby Boomers aren’t done with this niche. Good examples can be had for $250,000-$350,000. Buy now. The current gold standard in muscle cars is the 1969/70 Mustang Boss 429 ($350,000 and up) and the rare 1969 Camaro COPO 427 ($250,000 and up). And, of course, there’s an always-strong market in late ’60s Shelby Mustangs (a ’68 sold at $168,500, but it’s still possible to find examples around $100,000). I know a Boss 429 owner who paid $11,000 last year for two period-correct Goodyear Polyglas GT tires. See what I’m saying? The muscle cars likely to show a profit in five to 10 years are late ’60s/early ’70s Pontiac GTOs, Buick GS 400s, and Oldsmobile 442s, with handsome examples fetching $65,000 or so. Meanwhile, collectors have lost their minds Hemi Challengers, ’Cudas, and Road Runners were fetching $1 million.

1970 FORD MUSTANG BOSS 302

By Sicnag

2007 PORSCHE CARRERA GT

By Brian Snelson from Hockley, Essex, England

1969 VWMICROBUS

By Andrew Bone fromWeymouth, England

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June 2019

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