Prices, 1965-1970 Shelbys, will they stay HIGH?

This ones too deep for me ...

 

Do you mean like the prices have dropped on the...

Deusenbergs?! That's a sarcastic answer. I for one think that they will keep rising because they are like beachfront property. God ain't making any more!!!

 

For the rarer Shelby's, I think the prices will continue to rise....
I have a Boss 302, and they continue to appreciate...
Depends on the quality of the car, the good cars continue to bring good money!!!

 

Being part of the "next generation", i can say that the value of these cars will continue to rise. You have to remember that Shelby is still a modern brand and guys in my age bracket are also growing up wanting that new Shelby that they can't afford(most of the problem is insurance)! You should have seen the look on my mothers face when i told her that i was planning on getting an 07 GT used once i get settled in at college. By then, the value of the used Shelbys will be just that, a one of 6000 used Shelby. The old stuff will surely continue to rise. Young enthusiasts love the old stuff, it is just that it is currently intangible for us due to the prices that the cars pull on a daily basis.

I wouldn't be losing any sleep at night over value if i was an owner of one of these cars.

Shelbys are like the Ferraris of America...they may take a small dip every once in a while or they may settle down like they are currently after the huge upswing of the market in current years. However, they will never go down in value and stay down.......they will always be worth a consistently high amount of coin. I would even make the statement that there might never be a time when a shelby is worth less than it was 5-10 years before.

And hey, if my some small chance in hell that these cars don't hold their value in the future...............more fun for me!!!

Best Regards,
Vern

 

It's really relative. I think the very creme-de-la-creme will continue to rise, but the rate of increase will slow dramatically. I also think the bubble is about to burst on the less than perfect or non-significant (in our case cars with a true race history) cars. Of course, I have been wrong before...
The same has happened with hot rods, Ferrari's, etc.. and will sooner or later fall on the muscle cars. Having said that, I would not hold my breath until I see a $60k '65 GT350, either. Those days are gone. The prices will stabilize for the average while the top cars rise at a slower rate. It also seems as if the muscle cars have run their era almost, as the prices of the late era cars have risen frenetically ('69 and '70 impact cars). Only ones trailing are the true era enders, like the '71-73 Mustangs which are still out there at a fairly good value. I saw a clean BOSS351 cross B-J at very reasonable money this year. It would seem a safe bet for a pretty good return. One thing that may help keep prices up on less than stellar cars are the number of cars going into museums or collections not likely to sell...that raises the price of what's left.

 

I think it's the modern day Deusenburg. So, for enthusiasts like myself, I already own one. But, as prices rise, it gets harder for the "flipper crowd" to make any money on the cars....too bad for them. Then maybe they'll go after the next thing. Whatever the next thing will be.

 

I gave up trying to estimate where the price of these cars would go a LONG time ago. Having owned my car since 1979, I have seen the prices rise into the stratosphere on their way to orbit.

It's great to look at a new GT-500 or a Z06 ‘Vette and compute how many of them my Shelby is worth. Only problem is didn't buy it as an investment. I enjoyed my car a lot more when it wasn't worth nearly what it is today, when I could drive the hell out of it, park it somewhere and not worry about having parts, or the whole car disappear. Those days are gone forever.

I think it's a safe bet that, while the value will fluctuate, we will never see the days of the 25K Shelby again.

 

I'm sure you mean a 60's Shelby

 

I think the last 2 years of these new Shelby's has turned new owners onto the history of these cars and they may own an 07' today but one day when they can afford a 67', they may pull the trigger. I think Ford created a whole new class of future buyers with these new cars.

I am a tweener, my older brothers had a 68 convertible mustang. I remember that car when it was 9 years old and pristine. I am not over 40 YET but I just love cars and Mustangs in particular. Half the fun is finding original or NOS parts for the cars.

Basic economics say, no more 65-70's being made, larger pool of Shelby Owners growing every year by 5000+, more potential buyers added, prices creep up. In addition, a lot of the good cars being sold now are going overseas with the dollar so weak and pound and Euro so strong.

 

I'm 29 and part of the next gen. The more of these cars I get, the more I want, and the nicer I want them to be. Got my '67 GT500 over 10 years ago now, a few have come and gone, and just got a true survivor Boss 302. Really want a '66 GT350, and wife now wants a B9. We'll see who wins.

That said, I think things will continue to pull back in the short term. Longer term, I'm sure that historic trends will predominate, maybe 6-8% average yearly rise?

 

I have always heard people say when a certain age group dies off the cars won`t be worth anything, well thats a bunch of crap. The Early brass cars of the early 1900s are higher than ever, Certain Model As have steadily got higher, the 32 to 40 Coupes and convertibles are higher than ever and still going up. These cars are like good stock they do not go up in big jumps but they go up steady and never fall back. Now if the car market is supposed to fall apart after the age group dies off why are these cars still going up? If you get Sports car market you saw a 1911 barn find Oldsmobile that was not in running shape needing restored brought 1.5 million. Now I know the guys that wanted one of these when they were young are not still around. GOOD SHELBY CARS WILL ALWAYS BE WORTH GOOD MONEY PERIOD.

 

It's spelled "Duesenberg". As the cost of restorations go up, nice cars should maintain their values pretty well. I doubt you will be seeing 10% a year appreciation though, those days are gone.

 

Well, yea since the title of this thread is "Prices, 1965-1970 Shelby's, will they stay HIGH?"

 

This is my honest opinion about Shelby prices in the future. I am 36 years old & I still remember my dad taking me for weekend rides in his '68 GT500 Convertible when i was age 7. No matter where we went people said, " Sweet Car" or gave us the thumbs up almost every time we took the car out. Those where some of the best childhood memories growing up for me.
I'm sure you guys remember the movie, Tucker... I consider myself pretty knowledgeable about all cars in general but I didn't know anything about a Tucker till I saw the movie. Case & Point.
I think in the future after someone makes a movie about the life of Carroll Shelby & the cars that he put his heart & soul into building like the Cobra's, GT350's, & GT500's there will be a lot more Shelby car fans! Anyone who loves muscle cars knows what a Shelby is but when you reach out to people who are not "car people'' & they say, " hey look at that Shelby" that is when these cars will bring 1/2 million dollars for the right Shelby Mustang cars. Think of what you could have bought a Tucker for before that movie? After the movie they were selling for $700,000 - $1,000,000 for a good one. I think if Hollywood does the same for Shelby '65-'66 GT350's & '67 GT500 & '68 GT500KR's will break $500,000 in the future. Just sit back boys, I think the Best is yet to Come!!

 

I am with you ralph, and when they break you will be sitting pretty, just look at the list of cars you have .
THX, John

 

I am amazed how this type of post keeps getting recycled. What is the base of this question? Is it can I make money off classic cars? The prices have not "stayed high". Ask some of these guys who bought $300k KR convertibles. There are a lot of numbers matching cars under six figures right now. The long term trend will be upward, the short term trends fluctuate. If you want to be a speculator, be prepared to find a chair when the music stops. If not you better be ready for the long haul. Besides why would you want to sell the car if you like it? You can be make money if that's what you want to do. I don't think you are going to get rich quick.

 

Totally agree, well put.
Best Regards,
Vern

 

Here is a historical perspective for those of you who just moved into the neighboorhood. New 1968 Shelbys had a sticker price of around $5,000. The truth is they were dogs from a sales prospective. Many went unsold for years. My own car was not sold new until 1970 and that is not uncommon. In the late 70s and early 80s, Shelbys were used cars selling well below sticker. In the late 80s, some cars were selling for $300,000 (KR convertibles). These prices gradually came down to below $75,000 ( a loss of over 65% for the slow kids) In the late 90s prices picked back up. Somewhere around 2000 the KR convertibles were again to the $300,000 mark. Today many of the same cars are under $225,000. Don't get me wrong that's still a good chunk of change....but are you ready for them to go back to $75,000? If your realized loss is nearly a quarter million dollars, I think not. That's why, I took exception to the phrase "remain high". Huh?

 

We are the next Old Guys

I just went to the Palm Springs Concours and there was a lot of old dudes
there admiring the Minerva , Packard Darrin and such and not as many young people noticing the mint '69 Shelby. But I think as the WWII veteran generation passes on, the next group won't care about prewar cars and the muscle cars will be what they want.

But on the other hand there were only 14,000 odd Shelby Mustangs the first five years ('65-70) and Shelby is making many more of that of the new generation GT500 and KR models combined, so the more they make, the less chance they have to stay at the same value or appreciate like the originals are now. I wish Ford dealers would stop putting the LeMans stripes on every damn thing in the showroom and thus make those Shelby exclusives. And allowing every fiberglass part maker to clone the hood of the new KR won't help that car's value either. Can't Ford get a design patent just on the hood design? Ford devalues the current Shelbys by making so many lower cost variations (GT and CS/GT) and allowing buyers to buy options to make their regular Mustang look more Shelby like.