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#1970

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Detroit, 11:09 PM
Mon Nov 9
27 posts in the last 24 hours

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  • posts about #1970 more →

    Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal

    1970 Ford Mustang Fastback

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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of MushyHeirloom MushyHeirloom
    10/12/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    Worth one-fifth of what it sold for three years ago? They'd better watch out. I hear Jaguar doesn't like competition.
     Reply
    MushyHeirloom was starred MushyHeirloom was unstarred
    Image of Murilee Martin Murilee Martin
    10/11/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    What does a non-famous LS6 convertible go for these days? Definitely six figures, and probably not a whole lot less than this car.
     Reply
    Murilee Martin was starred Murilee Martin was unstarred
    Image of 55Hardtop 55Hardtop
    10/11/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    Wasn't worth 1.2 million, and honestly isn't worth 264k.
     Reply
    55Hardtop was starred 55Hardtop was unstarred
    Image of superveloce superveloce
    10/11/09

    @55Hardtop: Ditto. Any 60's or 70's musclecar, as desirable as some may be just aren't worth 6 figures except for a very rare few. They were basic machines, manufactured to mediocre quality standards out of inexpensive materials so they could offer a cheap thrill.There's nothing special about this car, and god those graphics are nasty.
     Reply
    FrankGrimes promoted this comment superveloce was starred superveloce was unstarred
    Image of FrankGrimes FrankGrimes
    10/12/09

    @superveloce:
    but I bet you think a vintage ferrari is worth six figures?
     Reply
    FrankGrimes was starred FrankGrimes was unstarred
    Image of GIC asks not for whom the bell tolls GIC asks not for whom the bell tolls
    10/11/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    Adding insult to injury, a gold 1972 Camaro recently sold for $275K...
     Reply
    GIC asks not for whom the bell tolls was starred GIC asks not for whom the bell tolls was unstarred
    Image of lilwillie lilwillie
    10/11/09

    @Goingincirclez:

    Every car is worth whatever someone is willing to pay for it.

    Some people just get stupid crazy with the money.
     Reply
    lilwillie was starred lilwillie was unstarred
    Image of that ain't the way to have fun, son that ain't the way to have fun, son
    10/11/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    Price ≠ value

    These are two entirely different concepts. Much like inexpensive and cheap. Commonly used interchangeably, but in true meaning, they are different.
     Reply
    Edited by that ain't the way to have fun, son at 10/11/09 2:30 PM that ain't the way to have fun, son was starred that ain't the way to have fun, son was unstarred
    Image of Who's A Toaster!!?? Who's A Toaster!!??
    10/11/09

    @brake booster by Lucas...I'd better get religion!:

    Wow, you must be an appraiser. I say something very similar to a lot of people, cost doesn't equal value, and they look at me like deer in headlights.
     Reply
    Who's A Toaster!!?? was starred Who's A Toaster!!?? was unstarred
    Image of Tommy861 Tommy861
    10/12/09

    @Who's A Toaster!!??: And people wonder why they buy a diamond ring at Costco and the appraisal means nothing. Rarities are commodities, and only worth what someone is willing to pay, or can get the same thing for. If you buy a ring for $1000, and it says its appraised at $5000, but any idiot can go to the store and get the same ring for $1000, its worth... you guessed it $1000!
     Reply
    MushyHeirloom promoted this comment Tommy861 was starred Tommy861 was unstarred
    Image of MushyHeirloom MushyHeirloom
    10/12/09

    @Tommy861: I'm pretty sure he's saying one of two things: what something goes for now is not the same as what it will in six months (witness the markup on many new vehicle models compared to the price of an identical car when supply increases over the subsequent months), or else that value is individually decided, but cost is set. You can find people who insist that their six-cylinder '65 Mustang is worth twenty-five grand, and you can find others who insist that they should be able to drive it away for three.
     Reply
    MushyHeirloom was starred MushyHeirloom was unstarred
    Image of Tucker589 is Hoarding James Dean's 550 Spyder Tucker589 is Hoarding James Dean's 550 Spyder
    10/11/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    "Barrett Jackson blows dogs for quarters, man."
    - Franz Kafka
     Reply
    Goingincirclez promoted this comment Tucker589 is Hoarding James Dean's 550 Spyder was starred Tucker589 is Hoarding James Dean's 550 Spyder was unstarred
    Image of Novaload Novaload
    10/11/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    The only real price on anything in the universe is the price someone is willing to pay RIGHT NOW. As we know from Nice Price or Crack Pipe, there are a lot of delusional folks who think what they paid, or what something like it sold for 6 months ago, or what they have invested in it, should affect the price.
     Reply
    Novaload was starred Novaload was unstarred
    Image of skitter skitter
    10/11/09

    @Novaload: Bravo. Without a willing buyer, the price of a willing seller is meaningless. And the opposite is also true.
     Reply
    skitter was starred skitter was unstarred
    Image of Paul Y. don't drive too fast. Paul Y. don't drive too fast.
    10/11/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    ...and yet, some fat old men still think that cars they couldn't have when they were young enough to look cool in them are "investments."
     Reply
    Paul Y. don't drive too fast. was starred Paul Y. don't drive too fast. was unstarred
    Image of Turboner Turboner
    10/11/09

    @Paul Y. don't drive too fast.: Ha! Because they think, for some strange reason, that there is another generation of Fat Old Men on the way? I did see a late 80's IROC on 20's the other day...
     Reply
    Turboner was starred Turboner was unstarred
    Image of Alfisted Alfisted
    10/11/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    shenanigans!
     Reply
    Alfisted was starred Alfisted was unstarred
    Image of Mike the Dog is sitting by the door with a pair of cow slippers, and a very sad face. Mike the Dog is sitting by the door with a pair of cow slippers, and a very sad face.
    10/11/09

    @Alfisted: I'll get my broom!

    Wait, what?
     Reply
    Mike the Dog is sitting by the door with a pair of cow slippers, and a very sad face. was starred Mike the Dog is sitting by the door with a pair of cow slippers, and a very sad face. was unstarred
    Image of Thomas Paladino Thomas Paladino
    10/11/09

    In reply to Truppi-Kling Chevelle Drag Racer Depreciates $1 Million In 3 Years, New Owner Gets Screamin' Deal
    Wow. The owner must have been in pretty dire financial straits to take that kind of a hit. This sale makes no sense any other way.

    Even if you want to just get rid of it, he could have donated it to a museum and taken a tax deduction comparable to his purchase price.

    This guy needed quick cash any way he could get it.
     Reply
    Thomas Paladino was starred Thomas Paladino was unstarred
    Image of LegendaryC LegendaryC
    10/11/09

    @Thomas Paladino: The Barrett Jackson is an no reserve auction. I believe once it's up for bidding you can't say that you won't take the best offer. In fact the car is signed over literally seconds after the bidding is done.
     Reply
    something_unique_and_descriptive promoted this comment LegendaryC was starred LegendaryC was unstarred
    Image of something_unique_and_descriptive something_unique_and_descriptive
    10/11/09

    @LegendaryC: With this kind of money at stake it's astounding he didn't have a shill bidder set up. He'd have lost some money due to auction fees but nowhere near a mil.

    Then again, we are talking about someone who spent $1.2mil on a 1970 Chevelle...
     Reply
    something_unique_and_descriptive was starred something_unique_and_descriptive was unstarred
    Image of Thomas Paladino Thomas Paladino
    10/12/09

    @LegendaryC: Right but still, in this kind of market choosing to roll the dice on a no-reserve auction like that with a car he (over)spent so much on in the first place points to some serious financial trouble. He needed quick cash.
     Reply
    Thomas Paladino was starred Thomas Paladino was unstarred
    Image of Flathead Smith Flathead Smith
    10/04/09

    In reply to 1970 Ford Mustang Fastback
    I actually liked the Mustangs that came after these, but the 1969-70 Fastback was the high-water mark in Mustang design.
     Reply
    Flathead Smith was starred Flathead Smith was unstarred
    Image of Tiberiuswise Tiberiuswise
    10/04/09

    In reply to 1970 Ford Mustang Fastback
    No trolls hating on the solid rear axle. I love the weekends.
     Reply
    MushyHeirloom promoted this comment Tiberiuswise was starred Tiberiuswise was unstarred
    Image of MushyHeirloom MushyHeirloom
    10/04/09

    In reply to 1970 Ford Mustang Fastback
    This may be my favourite year of Mustang - which is odd, since the next several years got consecutively worse.

    Here's the polar-opposite Mustang, a '71 or '72 model in beige with a vinyl top and hubcaps.
     Reply
    MushyHeirloom was starred MushyHeirloom was unstarred
    Image of Six Flags Over Tomsk Six Flags Over Tomsk
    10/04/09

    In reply to 1970 Ford Mustang Fastback
    Exceptional. The '70 fastback is quite possibly the zenith of Mustang styling.
     Reply
    Six Flags Over Tomsk was starred Six Flags Over Tomsk was unstarred
    Image of mobilene mobilene
    10/04/09

    In reply to 1970 Ford Mustang Fastback
    If I came upon this car parked on the street, I'd unfold a lawn chair nearby, sit down, and spend the rest of the day just looking at it.
     Reply
    Tomsk 9 from Outer Space promoted this comment mobilene was starred mobilene was unstarred
    Image of MushyHeirloom MushyHeirloom
    10/04/09

    @mobilene: Same here, mate. Same here.
     Reply
    MushyHeirloom was starred MushyHeirloom was unstarred
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