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Re: world record pricing

Discussion in 'Shelby Mustang List' started by GT350HZ@aol.com, Aug 29, 2005.

  1. People have to realize that prices are going to change. It does not matter
    what area of collectables, real estate, Hemi powered cars or Shelbys. Gone
    are the days of yesteryear when I could have bought a 1969 GT500 convertible
    for $10,000. So what! No one thinks that they should sell there house for
    what they paid 10 years ago. It is just a change in the market, the prices are
    on the rise since 2000. The increases are much smaller on these cars then
    many other comparible performance cars. Hemi Cuda's for hundreds of thousands
    of dollars and the like have tripled in the last year or two.
    The market will go up and it will go down, areas of price resistance will
    keep some cars from moving up quickly. Whether you follow the stock market or
    anything that fluctuates, there are levels of price resistance and levels of
    price supports. Whenever these levels get tested, the results can be
    suprising to even the knowledgable person in the field.
    Shelbys have areas of resistance, but when they break past the mental
    blocks, they will jump dramatically like we saw at Russo and Steel. There are
    currently a lot fewer cars then there are people with money who want one (or
    more). Some day that trend will change and prices will drop.
    It is simple with luxury items such as these, there are people with money
    who would rather have the item than the money. It doesn't matter if you
    overpay by 20 or 30% if that is what you want. People look at it as there chance
    to get the car of their dreams. As George Steinbrenner once said in the mid
    1970's; I have millions of dollars, but I don't have championships. Since
    then, he still has millions of dollars and has won several championships.
    Lee
    66 # 869
    69 # 2055
     

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