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Expert 5K+
Posts: 9900
Location: Lower Mainland BC | "Sold for $56,000 (Gooding & Company)
In an auction loaded with Ferraris, Porsches, and Benzes, sometimes the domestic cars don’t get as much attention. This Chrysler 300B, from the second year of the “Letter Series” cars, wears a 10-year-old restoration and we rated it as a #2- car. But despite the condition and the combination of 340-horse Hemi and high-tier luxury features of the “Banker’s Hot Rod,” this one went at no reserve for 19 percent below its average value."
REFERENCE: https://www.hagerty.com/articles-videos/articles/2019/01/22/10-barga...
Edited by 56D500boy 2019-01-23 3:35 PM
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Expert
Posts: 3155
Location: NY & VT | From what I've been seeing prices are coming down, and I have a feeling they have a way to go yet, especially if we get the widely predicted recession. |
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Expert
Posts: 1476
Location: Pacific Northwest | I think overall interest is waning, too. The last show I went to was MCACN and I'd guestimate the average age was 60. Hagerty ballparks they're average at 54. Unless there is a revival bringing an influx of new blood/money into the market, I would expect it to continue to slide. |
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Expert
Posts: 1886
| The best cars command the best money. There is always a drop off after that. Wrong auction house to go to as well. Hard to say the market is dying when other cars are hitting historic highs. |
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Elite Veteran
Posts: 705
Location: California | 55- 56 cars dont bring the money. |
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