RE: Barrett Jackson Auction

["Todd Jesme" <jesme@xxxxxxxxxxx>]

In the last couple years I had come to realize that the only car I really
was positive I just had to have (that I don't already) was a 70 390 AMX.  So
a couple months ago I was lamenting over getting rid of one we had a few
years ago (for various reasons).  I have also been watching prices on the
BJA and e-bay for the last couple years, and had started to think I was
priced out of the game and there was no way I would ever be able to afford
my dream car.  Long story short, even thought the timing was ALL WRONG for
me, I "found a way" to make sure that wouldn't happen, and now I have 2.
One very nice pro-street car, and another restoration project (Big Bad
Blue/Shadow Mask 390/4-spd).  And it didn't hurt that bad.  It is in this
vein that I tell you all right now, If you are after a certain AMC model car
and just know you will have to have it, you BETTER be looking to buy one
real soon (unless you are expecting a big inheritance in the near future),
cuz things are fixin' to get stupid!  There's my market analysis for the
year.

Todd Jesme
MN

-----Original Message-----
From: farna@xxxxxxx [mailto:farna@xxxxxxx]
Sent: Saturday, July 02, 2005 9:14 AM
To: mail@xxxxxxxxxxxx
Subject: Re: Barrett Jackson Auction


I agree with you Nick, but it's a double edged sword, and that back cut is a
killer for many! While prices go up parts become available, the price to get
an old AMC goes up too. I predict that 5-10 years from now the price of an
AMX or Javelin in good condition will be way up there, forget about one
already restored! The late American will be right behind it because of the
similarity to the SC/Rambler. While the SC/360 is a collectible, it never
had the notoriety of most of the other AMC muscle cars. This will push more
people into the Hornet/Gremlin/Concord/Spirit camp, which will in turn push
those prices up a little, but not as much as the more popular cars. There
should be more of the later available too. It's a vicious cycle!

On June 30, 2005 Nick ALFANO wrote:

> The great thing about this is it is causing investors
> that are used to paying up for a car to look at AMCs
> as a great value.  This in turn is bringing up the
> value of our cars.  As the values go up and more
> people with money get into the hobby, more parts will
> start to appear.  Just think, maybe one day you will
> be able to get more out of your car than it cost you
> to build.  I saw a few AMCs go through the different
> auctions this year for $50,000+.  Why should a low
> mileage SC Rambler only be worth 1/15 the price of a
> Hemi Cuda.
>
> Nick
>


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