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Re: wow

Discussion in 'Shelby Mustang List' started by MHeroy@aol.com, Jul 5, 2005.

  1. In a message dated 7/5/2005 7:46:29 PM US Eastern Standard Time,
    dwilcox1@charter.net writes:
    This car is blowing my mind for “valueâ€. Not at reserve yet at $77K for a
    totally ragged out GT500.

    I have my nice GT500KR convertible valued at $60K for insurance and am
    obviously way off track. No rust, good (not great) paint, new overhauled engine,
    trans. Nice interior, etc. etc. Needs emissions for original look.

    Don’t want to sell, cause I drive it and have lot’s of fun, but in this
    market it may be worth over $100K. Unbelievable.

    So when will the bubble burst……….. This can’t stay at that level.

    Just amazed, maybe all of you are used to this being in the business of
    buying and selling, but wow……
    Dan,

    I'm in the same boat- underinsured on both of my Shelby Mustangs (moving to
    fix that, though...) and more than a little stunned at what's happened to these
    cars' values in the last few years. I don't want to sell either, because,
    like you, I drive all of my cars.

    That said, you have to look at more than Shelby values, and, when one
    considers the more rare Mopar's, are we really all that out of line? Now, if I could
    only get the market to feel that way about my '56 Mark II and my '66 Lincoln
    convertible, I might actually think that the collector world is a rational
    market... Naah!

    Cheers,
    Mike Heroy
    CSX4045
    GT500 #841
    67 GT500 #389
    85 SVO
     

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