What are the collectable cars of tomorrow?
04-07-2008, 12:59 PM
#41
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Originally Posted by TheMirror
I could certainly see those cars being desirable years from now, but in no way investment grade collectable. All of those vehicles are and were mass produced, none were differentiated from any other in any special way (i.e. the crazy line item option packages that individual muscle cars came with), and none of them are bespoke, handmade cars.
Case in point, mint 1989 Corvette ZR-1s sold for up to $100,000 back in 1989. Many were shrink wrapped and put away as instant collectables. Superb examples today bring $30,000 (like a 1- condition red one at Russo and Steele for $30,000 and change recently), and ones with zero miles little more than that.
So, it depends on one's definition of collectable I think. Collectable as a desirable car? Sure. Collectable as an investment is something entirely different.
Case in point, mint 1989 Corvette ZR-1s sold for up to $100,000 back in 1989. Many were shrink wrapped and put away as instant collectables. Superb examples today bring $30,000 (like a 1- condition red one at Russo and Steele for $30,000 and change recently), and ones with zero miles little more than that.
So, it depends on one's definition of collectable I think. Collectable as a desirable car? Sure. Collectable as an investment is something entirely different.
every car that my dad owns now was one that he wanted when he was a kid. he couldn't afford them back then but doesn't think twice to pull the trigger now. he even bought the property right down the road from his house and built a secondary garage.
04-07-2008, 12:59 PM
#42
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why are all of you saying Acura Legend? the only Legend i think is a collectible is the 1994-1995 Legend GS coupe with the Type II motor.
i would think a Shelby GT500 would be a future collectible, Lotus Elise or Lotus Exige, Corvette Z06, 350z nismo, s2000 CR, Mustang Bullitt, Viper, and Lexus IS-F possibly.
i would think a Shelby GT500 would be a future collectible, Lotus Elise or Lotus Exige, Corvette Z06, 350z nismo, s2000 CR, Mustang Bullitt, Viper, and Lexus IS-F possibly.
04-07-2008, 01:09 PM
#43
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Going from the OP's parameters of cars within the last 10 years or so, I'll chime in with a general list of cars that MIGHT become investment grade collectable someday, in completely stock and unmolested condition of course. I'm leaving it to cars available in the US only:
Integra Type R
W124 Mercedes Benz E500
2nd gen Supra Turbo
Lotus Elise; early cars imported by SiR and fitted with Integra Type-R engines
Integra Type R
W124 Mercedes Benz E500
2nd gen Supra Turbo
Lotus Elise; early cars imported by SiR and fitted with Integra Type-R engines
04-07-2008, 01:14 PM
#44
04-07-2008, 01:20 PM
#45
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Originally Posted by o1s
musclecars were mass produced. go to any carshow and what do you see the most of? any car that someone wants now, will become a collectors car in 30-40 years.
every car that my dad owns now was one that he wanted when he was a kid. he couldn't afford them back then but doesn't think twice to pull the trigger now. he even bought the property right down the road from his house and built a secondary garage.
every car that my dad owns now was one that he wanted when he was a kid. he couldn't afford them back then but doesn't think twice to pull the trigger now. he even bought the property right down the road from his house and built a secondary garage.
Two 1969 Corvettes recently sold at auction in Arizona.
1. 1969 427 - 435hp coupe with tank sticker (confirms engine) 4 speed, K66 ignition, G81 3.70 ratio Posi, U69 radio, A82 headrests and A01 tinted glass options. in #2 condition with frame up resto. Near concours engine compartment. Judged to be just shy of NCRS quality.
2. 1969 427 - 430hp coupe with tank sticker, automatic trans, power brake and side exhaust options. 2- condition, all correct and complete.
Car #1 sold for $54,000, Car #2 sold for $412,500. That's not a typo.
Why? Because Car #2 was one of 216 L88 engined cars built from '67-'69, and only one of 17 in 1969 with a TH400 automatic.
That kind of option exclusivity simply isn't a factor in cars today. They may have different trim options, but an SRT8 will always be an SRT8. If a tiny production run of V-10 SRT8s was made, say 300-400 cars, that would be something to seriously consider for future price appreciation. Otherwise, its all mass produced.
That's not to say great examples of SRT8s, Z06s, etc. won't hold their value through the years, I'm just saying its very unlikely the prices will ever go out of the park like the L88 Corvette example above.
Cheers,
-Mirror
04-07-2008, 01:22 PM
#46
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Originally Posted by Sly Raskal
Weren't they outfitted with K series motors? 
As a collectable, I'll admit this one is a real longshot. Hardcore collectors don't like engine changes....
04-07-2008, 01:35 PM
#47
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Having had more time to think about this, the obvious collectible car of tomorrow are the cars we can't afford today and want. We are the future collectible car buyers of tomorrow, so any car that we have an interest in will probably be collectible. I think a mint condition Civic EG hatch will be valuable because so many grew up with them and the nostalgia value will be high, same with Integra's.
04-07-2008, 03:49 PM
#48
Drifting
Originally Posted by TheMirror
Yet old musclecars were definitely NOT one and the same as they are today. Case in point:
Two 1969 Corvettes recently sold at auction in Arizona.
1. 1969 427 - 435hp coupe with tank sticker (confirms engine) 4 speed, K66 ignition, G81 3.70 ratio Posi, U69 radio, A82 headrests and A01 tinted glass options. in #2 condition with frame up resto. Near concours engine compartment. Judged to be just shy of NCRS quality.
2. 1969 427 - 430hp coupe with tank sticker, automatic trans, power brake and side exhaust options. 2- condition, all correct and complete.
Car #1 sold for $54,000, Car #2 sold for $412,500. That's not a typo.
Why? Because Car #2 was one of 216 L88 engined cars built from '67-'69, and only one of 17 in 1969 with a TH400 automatic.
That kind of option exclusivity simply isn't a factor in cars today. They may have different trim options, but an SRT8 will always be an SRT8. If a tiny production run of V-10 SRT8s was made, say 300-400 cars, that would be something to seriously consider for future price appreciation. Otherwise, its all mass produced.
That's not to say great examples of SRT8s, Z06s, etc. won't hold their value through the years, I'm just saying its very unlikely the prices will ever go out of the park like the L88 Corvette example above.
Cheers,
-Mirror
Two 1969 Corvettes recently sold at auction in Arizona.
1. 1969 427 - 435hp coupe with tank sticker (confirms engine) 4 speed, K66 ignition, G81 3.70 ratio Posi, U69 radio, A82 headrests and A01 tinted glass options. in #2 condition with frame up resto. Near concours engine compartment. Judged to be just shy of NCRS quality.
2. 1969 427 - 430hp coupe with tank sticker, automatic trans, power brake and side exhaust options. 2- condition, all correct and complete.
Car #1 sold for $54,000, Car #2 sold for $412,500. That's not a typo.
Why? Because Car #2 was one of 216 L88 engined cars built from '67-'69, and only one of 17 in 1969 with a TH400 automatic.
That kind of option exclusivity simply isn't a factor in cars today. They may have different trim options, but an SRT8 will always be an SRT8. If a tiny production run of V-10 SRT8s was made, say 300-400 cars, that would be something to seriously consider for future price appreciation. Otherwise, its all mass produced.
That's not to say great examples of SRT8s, Z06s, etc. won't hold their value through the years, I'm just saying its very unlikely the prices will ever go out of the park like the L88 Corvette example above.
Cheers,
-Mirror
04-07-2008, 05:14 PM
#52
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Originally Posted by o1s
those cars are comparable to what a z06 is present day.
The unwanted or expensive options on the older cars is exactly what makes them valuable today, through exclusivity. With current Z06s, everybody essentially has the same car....aside from color and a couple minor trim options.
Again, I'm not saying they'll devalue and be worth nothing down the road, just that no-one should expect a shrinkwrapped one with 100 miles on it to be worth $100,000 20 years from now.
See current C4 ZR-1 values for a confirmation on that.
Best,
-Mirror
04-07-2008, 05:47 PM
#53
Drifting
20 years...no.
69 427 vettes wouldn't sell for 412k back in 1989 either.
give them 30 years and we'll see how they do.
vettes might actually not have leaf springs by then?
69 427 vettes wouldn't sell for 412k back in 1989 either.
give them 30 years and we'll see how they do.
vettes might actually not have leaf springs by then?
04-07-2008, 06:14 PM
#54
Senior Moderator
Originally Posted by TheMirror
If a tiny production run of V-10 SRT8s was made, say 300-400 cars, that would be something to seriously consider for future price appreciation. Otherwise, its all mass produced.
Exclusivity and condition drive pricing on just about any car....
Porsche made only 1752 993 Carrera C2's, so those cars are sort after even now... only 10 years after they were made.
Some cars become rare even after being produced in large numbers. Trying to find a decent Ford Pinto 4spd sedan (the non hatchback model) is nearly impossible nowadays since it was a disposable car to begin with, and the circle track guys done south pretty much killed them all in formula four races...
04-07-2008, 06:39 PM
#55
hard to say for sure, but;
Honda S2000
Toyota Supra
Mitsubishi Galant VR4 / 1G AWD DSM
E46 M3
Acura Legend
Acura Integra Type R
Toyota MR2 Turbo
I'd bet...
Honda S2000
Toyota Supra
Mitsubishi Galant VR4 / 1G AWD DSM
E46 M3
Acura Legend
Acura Integra Type R
Toyota MR2 Turbo
I'd bet...
Last edited by Brandon24pdx; 04-07-2008 at 06:41 PM.
04-07-2008, 06:50 PM
#56
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Originally Posted by GreenMonster
I like the fact that they only made 3511 CLS 6spds, but I don't think they'll be collectible in the future. I like the exclusivity and was willing to pay more for it instead of getting an accord. Since most are being used as regular transportation, a low mileage example might be worth some coin to some people tho'.
Exclusivity and condition drive pricing on just about any car....
Porsche made only 1752 993 Carrera C2's, so those cars are sort after even now... only 10 years after they were made.
Some cars become rare even after being produced in large numbers. Trying to find a decent Ford Pinto 4spd sedan (the non hatchback model) is nearly impossible nowadays since it was a disposable car to begin with, and the circle track guys done south pretty much killed them all in formula four races...
Exclusivity and condition drive pricing on just about any car....
Porsche made only 1752 993 Carrera C2's, so those cars are sort after even now... only 10 years after they were made.
Some cars become rare even after being produced in large numbers. Trying to find a decent Ford Pinto 4spd sedan (the non hatchback model) is nearly impossible nowadays since it was a disposable car to begin with, and the circle track guys done south pretty much killed them all in formula four races...
04-07-2008, 07:42 PM
#57
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Originally Posted by GreenMonster
I like the fact that they only made 3511 CLS 6spds, but I don't think they'll be collectible in the future. I like the exclusivity and was willing to pay more for it instead of getting an accord. Since most are being used as regular transportation, a low mileage example might be worth some coin to some people tho'.
Exclusivity and condition drive pricing on just about any car....
Porsche made only 1752 993 Carrera C2's, so those cars are sort after even now... only 10 years after they were made.
Some cars become rare even after being produced in large numbers. Trying to find a decent Ford Pinto 4spd sedan (the non hatchback model) is nearly impossible nowadays since it was a disposable car to begin with, and the circle track guys done south pretty much killed them all in formula four races...
Exclusivity and condition drive pricing on just about any car....
Porsche made only 1752 993 Carrera C2's, so those cars are sort after even now... only 10 years after they were made.
Some cars become rare even after being produced in large numbers. Trying to find a decent Ford Pinto 4spd sedan (the non hatchback model) is nearly impossible nowadays since it was a disposable car to begin with, and the circle track guys done south pretty much killed them all in formula four races...
Curious which 993 model you are referencing in the above post, the 993 C2 numbers I found were 15,527 imported into the US and Canada through its production run, out of 42,293 total worldwide. That's not counting Cabriolets, Targas, Turbos or RS's though.
Cheers,
-Mirror
04-07-2008, 08:19 PM
#58
Originally Posted by TheMirror
Not really, Chevy made 28,388 Z06's from 2001-2004 and they all came pretty much exactly same way....save for a couple thousand Z16 Commemorative Edition versions in 2004.
The unwanted or expensive options on the older cars is exactly what makes them valuable today, through exclusivity. With current Z06s, everybody essentially has the same car....aside from color and a couple minor trim options.
Again, I'm not saying they'll devalue and be worth nothing down the road, just that no-one should expect a shrinkwrapped one with 100 miles on it to be worth $100,000 20 years from now.
See current C4 ZR-1 values for a confirmation on that.
Best,
-Mirror
The unwanted or expensive options on the older cars is exactly what makes them valuable today, through exclusivity. With current Z06s, everybody essentially has the same car....aside from color and a couple minor trim options.
Again, I'm not saying they'll devalue and be worth nothing down the road, just that no-one should expect a shrinkwrapped one with 100 miles on it to be worth $100,000 20 years from now.
See current C4 ZR-1 values for a confirmation on that.
Best,
-Mirror
I once witnessed a four door plymouth sedan cross the block at Barrett-Jackson. One of only a very few made with a factory 426. It sold for close to a half-million dollars. R-code Fords are currently enjoying a huge market upswing. In each instance the high prices are reflected because of the rarity of the engine packages. Mirror also mentions the Z16 Corvette, of being built in limited numbers of around 2000. In 1965 Chevrolet sold a Z16 Chevelle. A car basically manufactured as a strip ready drag car. Only 201 of these particular Z16s were manufactured. And manufactured with specific speed equipment not available on other models. The model identification may be similar, but the intent and perceived rarity is quite different between the two cars.
Terry
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