Wow! A 1970 426 Hemi Superbird just sold for $500k at Barrett-Jackson!

[bluesbassman]

White color. Absolutely beautiful restoration.

[bluesbassman]

1. OMG! A '67 Red L88 Corvette just sold for $3,500,000!

Only one of these red on red cars built of the 20 '67 L88's. Unbelievable.

[Hoyt]

2. Road Runners, GTXs, etc., were cool. That darn fin wad a bit much, though.

[SkatmanRoth]

3. Half a million dollars for a car

http://www.barrett-jackson.com/application/onlinesubmission/lotdetails.aspx?ln=5029&aid=525

It sold for 550,000 dollars with no air conditioning - but it does have an AM radio!

[backwoodsbob]

4. wait till tomorrow

I have heard there are several Bugatti's coming up.They will go in the millions.

I have a friend I used to work for that collects cars...yes..I know someone who is rich...REALLY rich.

Lamborghini put out a convertible version of the Diablo one year...like 96 or somewhere around there....they made 150 of them.When they were going to sell them they made the potential owners put down a deposit for the right to get one.My friend pulled serial number 1.

Jay Leno's people called him and offered him Jay's pull (50 something)and 50k for the 1 car...my friend laughed at them

They called back and offered him a convertible viper and 100k....my friend told them he already owned a viper and if he could afford the Diablo he obviously didn't need the money.

They finally offered him 250k and Jays diablo and he turned them down.As far as I know he still owns that car

[Populist_Prole]

5. BJ is ruining the hobby for regular working class gearheads

The focus on the buying/selling is so crass and ignores the cars themselves and the memories and makes them just trophies and status symbols. Too many are bought not to drive, but by rich dickheads just wanting to turn it around for even more $. As a fellow motorhead friend of mine quipped, Wanting a car just for its value is like choosing a religion based on the property value the church sits on.

It also causes price "creep" since some people think that since a frame-off class 1 car goes for XXX dollars, a good solid driver ( class 3 ) should go for XX dollars, when it's really worth X dollars before all this focus on money.

[LeftyMom]

6. I have lost track of the number of people who have asked me if I'm flipping my El Camino.

First of all they get an eye roll because it's just an El Camino, and not even a super sport. If I were working on a car as an investment I like to think I'd have the sense to work on one that wasn't quite so common. Second, if I were restoring it for sale and not modifying the crap out of it for purely personal enjoyment nearly every decision involved in the process would have been different. Third, when I start explaining this (it helps to know that I am a teeny tiny lady person and therefore all of my opinions on the matter are suspect) people look so confused, like either I don't know what I'm talking about or I'm rejecting fabulous cash and prizes for some goofy emotional reason.

[Mopar151]

9. Armchair experts....

They would never (they think) toil away for countless hours, for the joy of realizing a personal vision, without any realistic possibility of pocketing cash - that's for suckers, right? Of course, we're not above turning a bit of knowledge into cash - but it's not the point

[Locut0s]

8. Same applies for any hobby that goes "main stream"...

Once it leaves niche status and people start getting into it for the money it starts to ruin it for those who are in it for themselves. One of my own hobbies is vintage game collecting. Only a few years ago the market was still relatively fair and sane. Most of those who collected did so out of the love of nostalgia. Then the hobby started to get more popular and people snatched up copies of rarer titles en mass. Now you see lots of titles that are well known in the community solely for the high price they command, not so much for the intrinsic value of the game (how cherished most people consider the game). A popular example is Panzer Dragoon Saga for the Sega Saturn:

http://www.ebay.ca/itm/Panzer-Dragoon-Saga-AND-Zwei-Sega-Saturn-COMPLETE-MINT-CONDITION-/121255420943?pt=Video_Games_Games&hash=item1c3b62e40f&_uhb=1

This thing is NOT worth $500, but you see it consistently going for that on eBay nowadays.

[Gravitycollapse]

7. I've been to several BJ auctions. It is quite an experience.

500 K is chump change. I've seen cars sell for several million.