The 68 Gt 500 Kr

As for a long term investment car, I think it's to late for the 67 GT500 and the 68 KR as well. I know it's been said before but I don't see the Shelbys as the car to buy right now. They just have gone up so much in the last few years and I don't see that is going to continue.

 

I agree, the prices for the superstars has gone out of reach of most collectors, so the market gets smaller and smaller. Since the fall, NADA on my 67 GT500 has leveled off and my 67 435 horse Corvette coupe and 69 SCJ Mach 1 have both increased about 10%. The real sleeper in the stable is my 29 Model A Coupe. I purchased the car in the fall of 2005 for $6500. A year later they were at $16900 and now they are up to $23200. That's 40% in FOUR months, over THREE times what I paid for the car a little over 2 years ago (of course you have to want a Model A

 

B-J is a poor indicator of market value. There are shill bidders, folks buying 2-3-4 cars and then talk to the press on how those cars are "gonna go up". Yeah, because they are sitting on them.

 

I COMPLETELY agree. Ebay, private sales and other car websites are better barometers of market value.

 

NADA values are pretty close and used by most banks to establish loan value. I think last time I checked they had 240 on the 67 500's and about 155 on the 68 KR's.

 

Top dollars on a GT500 KR are around $150,000 USD. I have not seen many fastbacks go higher. The white car at BJ that reportedly sold for $400,000 was a low mileage original that was never restored. The car (68 # 2820) had some minor touchups, but was basically an untouched survivor. That may explain the price fluctuation. I agree dont use auction results for price guides.
As far as color goes....Color preference is HIGHLY subjective. You may like Lime Green and I may hate it. I think a valid arguement could be made for the special paint colors, because they are unlike any others and extremely rare. Most colors are eye-poppingly bright. I think the maroon convertible is a good example....only one ever built and an attractive color. The car did not sell in Florida, but was recently was sold in a private sale....because its a nice convertible the price was almost certainly around a quarter million.

 

I think i agree with the special paint colour cars .
we are in the u.k, shelbies are few between.
but in the U.S they are more plentiful , so if you were going to buy a shelby and theres a choice of 2 or3 would you buy a red car or a white or a rarer special paint car . ? I bought a special paint car , and was going to paint it red , and a guy told me to paint it the true colour ORANGE, as everyone has a red one !
Although , most cars that are red , usually turn out to be originally lime cars , which i like actually !
John

 

I guess that I would buy the best car.Cheapest in the long run.Besides that,I'd choose the color that I like.My car was red when I bought it,but found out it should be lime.Had a hard time as I'm not fond of green.Now I'm very pleased I did the change,but I've fallen into the original category.I'd say,paint the car the color you want as it is your car.

 

I believe in Painting a Car the color you like if you plan on keeping the car for several years. always realize that the cost of a new paint job to return the car to original color will be a Valid price reduction when resale time comes along.

 

Ebay is a real bad indicator of price. A LOT more cars change hands in private sales than over Ebay. When's the last time you saw a supposedly really nice car meet it's reserve? People don't spend that kind of cash sight, unseen. Ebay is really good for posting your car. It goes worldwide in 2 secs. 80% of the cars on Ebay sell "offline" shortly after they are listed on ebay. Someone emails, makes offer, auction comes down, save Ebay fees etc...

Good site for good cars here:

CarsOnline.com: Shelby Cars For Sale

There is more money changing hands in this country for people 45 years old and older than there has ever been. You have active retirees who drove these cars new 40 years ago. Those people are 60-65 now and have a lot of liquid cash and see these as investments/toys. The generation behind them 50-60 is the richest this country has ever seen. The stock market was up 15% last year, people have money to spend.

What you don't have is the land rush you had over the last 3 years. A LOT of people are just sitting on the GOOD cars. Buyers higher people who know these cars to inspect before purchase.

I bought my cars because:

1. Love them, good memories of my brothers 68 as a kid.
2. enjoy them at SAAC, shows, races etc..
3. should I need to sell them, I can probably make money long term or give them to my sons (ages 4 and 1) when they turn 30. They can keep their old mans cars or sell them and probably put their kid through college.
4. I love doing brake stands at 7am saturday morning to say hello to my neighbors.