I have been watching Beckers auctions for the 67 GT500 (2nd time) and the 69 GT500 convert. (3rd time). Seems that bids are not quite as active nor as high as previously was previously. The convert previously had a reserve of $225K and this time the reserve was hit at $181k. Auctions look like bids may have been retracted or rejected as the bids actually decreased from the high point. Whats going on? Greg __________________________________________________ Do You Yahoo!? Tired of spam? Yahoo! Mail has the best spam protection around http://mail.yahoo.com
That's a way unscrupulous bidders (like dallasclassics, insidethegrille, etc.) on Ebay find out what the reserve is - they bid up until the reserve is met, then retract their bid. At 10:36 AM 12/16/2005, g adams wrote: >I have been watching Beckers auctions for the 67 GT500 >(2nd time) and the 69 GT500 convert. (3rd time). > >Seems that bids are not quite as active nor as high as >previously was previously. > >The convert previously had a reserve of $225K and this >time the reserve was hit at $181k. > >Auctions look like bids may have been retracted or >rejected as the bids actually decreased from the high >point. > >Whats going on? > >Greg > > > >__________________________________________________ >Do You Yahoo!? >Tired of spam? Yahoo! Mail has the best spam protection around >http://mail.yahoo.com > > > > >-- >No virus found in this incoming message. >Checked by AVG Anti-Virus. >Version: 7.1.371 / Virus Database: 267.14.1/204 - Release Date: 12/15/2005 Mike Greene TENA Website Curator Trideum Corporation 256.704.6113 -- No virus found in this outgoing message. Checked by AVG Anti-Virus. Version: 7.1.371 / Virus Database: 267.14.1/204 - Release Date: 12/15/2005
Greg: Just an observation, but perhaps reality has hit the Shelby market. I wonder if collectors were not simply swapping mega $$$ for Shelbys to other collectors (like the late 80's) and they realized that it was they who were driving the prices up, to levels that the ordinary Shelby buyer simply could not afford. One has to wonder if ole Shel's recent antics sort of turn some folk off as well. Just a thought. Ron ----- Original Message ----- From: "g adams" <mrgt350@yahoo.com> To: <shelbymustang@carmemories.com> Sent: Friday, December 16, 2005 11:36 AM Subject: Shelby e-bay auctions >I have been watching Beckers auctions for the 67 GT500 > (2nd time) and the 69 GT500 convert. (3rd time). > > Seems that bids are not quite as active nor as high as > previously was previously. > > The convert previously had a reserve of $225K and this > time the reserve was hit at $181k. > > Auctions look like bids may have been retracted or > rejected as the bids actually decreased from the high > point. > > Whats going on? > > Greg > > > > __________________________________________________ > Do You Yahoo!? > Tired of spam? Yahoo! Mail has the best spam protection around > http://mail.yahoo.com >
Ron: I want to add to your thought. I have been watching the dealer/locator guys and they fuel some of the price increase dramatically. They are not the only ones...but they are part of it. Example, I know one dealer who is hunting 65- 350 cars like crazy ever since that 65 350 #18 got auctioned off above 300k. They would hunt a 65-350 for 150-200k driver quality with rust and would resell it at 225-250k along with some touch up work. Word breaks out that Joe Blow got his car sold for 175k driver quality and everyone who owns a 65 thinks their car is worth equal or more. In addition, people now think 65-350 cars are the ones to have and so the hunt is on to find one. If you step back and break this process down, you can see how everyone contributes to the price increase slowly or rapidly. Its a vicious cycle that won't stop until something drastic happens like real estate went crashing, or another terrible event like 9-11 day. Even if it stopped, it somehow picks itself back up and starts cycling again. I remember when this local Mustang dealer in Houston told me I was nuts for paying good money for 2 67-500s years ago. I bought them regardless if he was right or not because each car had a purpose for me like one for fun, and the other for restoration guide to my early 67-350 (In this aspect Bob Perkins was the one who explained to me that you have to have a good car to make good restoration easier). Anyway, I specifically remembered how this Mustang guy told me he was in this Shelby longer than I was and that I was stupid for buying them at that price and that the market will fall just like it did in the late 80s. I ignored him and just went along with what I believed was right for me. Bottom line is you have to believe in yourself about your car or you will always have doubts in the back of your mind and others will make you change your mind faster than the market will turn on itself. just my 2 cents. jon Quoting Ronald Robertson <ronald.robertson@sympatico.ca>: - Greg: - Just an observation, but perhaps reality has hit the Shelby market. - I wonder if collectors were not simply swapping mega $$$ for Shelbys to - other collectors (like the late 80's) and they realized that it was they who - were driving the prices up, to levels that the ordinary Shelby buyer simply - could not afford. - One has to wonder if ole Shel's recent antics sort of turn some folk off as - well. - Just a thought. - Ron - - ----- Original Message ----- - From: "g adams" <mrgt350@yahoo.com> - To: <shelbymustang@carmemories.com> - Sent: Friday, December 16, 2005 11:36 AM - Subject: Shelby e-bay auctions - - - >I have been watching Beckers auctions for the 67 GT500 - > (2nd time) and the 69 GT500 convert. (3rd time). - > - > Seems that bids are not quite as active nor as high as - > previously was previously. - > - > The convert previously had a reserve of $225K and this - > time the reserve was hit at $181k. - > - > Auctions look like bids may have been retracted or - > rejected as the bids actually decreased from the high - > point. - > - > Whats going on? - > - > Greg - > - > - > - > __________________________________________________ - > Do You Yahoo!? - > Tired of spam? Yahoo! Mail has the best spam protection around - > http://mail.yahoo.com - > - - -
Jon: Great thoughts. I think you have hit the old nail right on the head. Ron ----- Original Message ----- From: <jonlee@wt.net> To: "Shelby List" <shelbymustang@carmemories.com> Sent: Friday, December 16, 2005 5:31 PM Subject: Re: Shelby e-bay auctions > Ron: > > I want to add to your thought. > > I have been watching the dealer/locator guys and they fuel some of the > price increase dramatically. They are not the only ones...but they are > part of it. Example, I know one dealer who is hunting 65- > 350 cars like crazy ever since that 65 350 #18 got auctioned off above > 300k. They would hunt a 65-350 for 150-200k driver quality with rust and > would resell it at 225-250k along with some touch up > work. Word breaks out that Joe Blow got his car sold for 175k driver > quality and everyone who owns a 65 thinks their car is worth equal or > more. In addition, people now think 65-350 cars are the > ones to have and so the hunt is on to find one. > > If you step back and break this process down, you can see how everyone > contributes to the price increase slowly or rapidly. Its a vicious cycle > that won't stop until something drastic happens like > real estate went crashing, or another terrible event like 9-11 day. Even > if it stopped, it somehow picks itself back up and starts cycling again. > > I remember when this local Mustang dealer in Houston told me I was nuts > for paying good money for 2 67-500s years ago. I bought them regardless > if he was right or not because each car had a purpose > for me like one for fun, and the other for restoration guide to my early > 67-350 (In this aspect Bob Perkins was the one who explained to me that > you have to have a good car to make good restoration > easier). Anyway, I specifically remembered how this Mustang guy told me he > was in this Shelby longer than I was and that I was stupid for buying them > at that price and that the market will fall just > like it did in the late 80s. I ignored him and just went along with what I > believed was right for me. Bottom line is you have to believe in yourself > about your car or you will always have doubts in > the back of your mind and others will make you change your mind faster > than the market will turn on itself. > > just my 2 cents. > > jon > > > > > > > Quoting Ronald Robertson <ronald.robertson@sympatico.ca>: > > - Greg: > - Just an observation, but perhaps reality has hit the Shelby market. > - I wonder if collectors were not simply swapping mega $$$ for Shelbys to > - other collectors (like the late 80's) and they realized that it was they > who > - were driving the prices up, to levels that the ordinary Shelby buyer > simply > - could not afford. > - One has to wonder if ole Shel's recent antics sort of turn some folk off > as > - well. > - Just a thought. > - Ron > - > - ----- Original Message ----- > - From: "g adams" <mrgt350@yahoo.com> > - To: <shelbymustang@carmemories.com> > - Sent: Friday, December 16, 2005 11:36 AM > - Subject: Shelby e-bay auctions > - > - > - >I have been watching Beckers auctions for the 67 GT500 > - > (2nd time) and the 69 GT500 convert. (3rd time). > - > > - > Seems that bids are not quite as active nor as high as > - > previously was previously. > - > > - > The convert previously had a reserve of $225K and this > - > time the reserve was hit at $181k. > - > > - > Auctions look like bids may have been retracted or > - > rejected as the bids actually decreased from the high > - > point. > - > > - > Whats going on? > - > > - > Greg > - > > - > > - > > - > __________________________________________________ > - > Do You Yahoo!? > - > Tired of spam? Yahoo! Mail has the best spam protection around > - > http://mail.yahoo.com > - > > - > - > - > > >
Good Point Jon, If I like it,want it and Pay what I feel is a Good or Fair price with MY Money / Who's to say what's what. If it goes up OR down.....I'm STILL Happy with it.BET he wishes he had em Now ! LOL Jon, I too open My garage door every morning Just to look in there(Pinch Myself) at My 69 GT-500. It's in a zillion pieces,getting better each day as resto goes foward..But I still Love it and it's paid for Mine ! Happy happy camper.... What a rush,what a great Country we live in,How can I be so lucky?It's good way to start your day too. JW ----- Original Message ----- From: "Ronald Robertson" <ronald.robertson@sympatico.ca> To: <jonlee@wt.net>; "Shelby List" <shelbymustang@carmemories.com> Sent: Friday, December 16, 2005 5:20 PM Subject: Re: Shelby e-bay auctions > Jon: > Great thoughts. I think you have hit the old nail right on the head. > Ron > ----- Original Message ----- > From: <jonlee@wt.net> > To: "Shelby List" <shelbymustang@carmemories.com> > Sent: Friday, December 16, 2005 5:31 PM > Subject: Re: Shelby e-bay auctions > > >> Ron: >> >> I want to add to your thought. >> >> I have been watching the dealer/locator guys and they fuel some of the >> price increase dramatically. They are not the only ones...but they are >> part of it. Example, I know one dealer who is hunting 65- >> 350 cars like crazy ever since that 65 350 #18 got auctioned off above >> 300k. They would hunt a 65-350 for 150-200k driver quality with rust and >> would resell it at 225-250k along with some touch up >> work. Word breaks out that Joe Blow got his car sold for 175k driver >> quality and everyone who owns a 65 thinks their car is worth equal or >> more. In addition, people now think 65-350 cars are the >> ones to have and so the hunt is on to find one. >> >> If you step back and break this process down, you can see how everyone >> contributes to the price increase slowly or rapidly. Its a vicious cycle >> that won't stop until something drastic happens like >> real estate went crashing, or another terrible event like 9-11 day. Even >> if it stopped, it somehow picks itself back up and starts cycling again. >> >> I remember when this local Mustang dealer in Houston told me I was nuts >> for paying good money for 2 67-500s years ago. I bought them regardless >> if he was right or not because each car had a purpose >> for me like one for fun, and the other for restoration guide to my early >> 67-350 (In this aspect Bob Perkins was the one who explained to me that >> you have to have a good car to make good restoration >> easier). Anyway, I specifically remembered how this Mustang guy told me >> he was in this Shelby longer than I was and that I was stupid for buying >> them at that price and that the market will fall just >> like it did in the late 80s. I ignored him and just went along with what >> I believed was right for me. Bottom line is you have to believe in >> yourself about your car or you will always have doubts in >> the back of your mind and others will make you change your mind faster >> than the market will turn on itself. >> >> just my 2 cents. >> >> jon >> >> >> >> >> >> >> Quoting Ronald Robertson <ronald.robertson@sympatico.ca>: >> >> - Greg: >> - Just an observation, but perhaps reality has hit the Shelby market. >> - I wonder if collectors were not simply swapping mega $$$ for Shelbys to >> - other collectors (like the late 80's) and they realized that it was >> they who >> - were driving the prices up, to levels that the ordinary Shelby buyer >> simply >> - could not afford. >> - One has to wonder if ole Shel's recent antics sort of turn some folk >> off as >> - well. >> - Just a thought. >> - Ron >> - >> - ----- Original Message ----- >> - From: "g adams" <mrgt350@yahoo.com> >> - To: <shelbymustang@carmemories.com> >> - Sent: Friday, December 16, 2005 11:36 AM >> - Subject: Shelby e-bay auctions >> - >> - >> - >I have been watching Beckers auctions for the 67 GT500 >> - > (2nd time) and the 69 GT500 convert. (3rd time). >> - > >> - > Seems that bids are not quite as active nor as high as >> - > previously was previously. >> - > >> - > The convert previously had a reserve of $225K and this >> - > time the reserve was hit at $181k. >> - > >> - > Auctions look like bids may have been retracted or >> - > rejected as the bids actually decreased from the high >> - > point. >> - > >> - > Whats going on? >> - > >> - > Greg >> - > >> - > >> - > >> - > __________________________________________________ >> - > Do You Yahoo!? >> - > Tired of spam? Yahoo! Mail has the best spam protection around >> - > http://mail.yahoo.com >> - > >> - >> - >> - >> >> >> > >
