webenda wrote:Really, $1000 for an XKE? I paid $1800 for my '66 in 1971. Sold it for $2,000 in 1975. The guy who bought it took it to an auction in Scottsdale, AZ and got $26,000 (or so he said.)
This '62 must be special, it has a 3.8 Flat Floor Engine and a 3.8 Flat Floor Louvered Bonnet with matching numbers.
The owner knows precisely what he has there and is ticking all the collectability boxes. A Series 1 roadster, early flat floors instead of the dished ones that give a little more legroom and the louvres refer to whether the bonnet itself has louvres or is punched with louvre inserts welded in.
Prices then varied according to locale. They still do today for cars amongst the "normal" population. If what I paid for my B was a baseline 1 in rural Pennsylvania, it would fetch about 1.25 in New England, 1.6 in Florida, 1.5 in Arizona, 1.8 in California. Much has to do with the fact these cars now, much like your E-type then, aren't classy enough for Barrett-Jackson toffs; they sell locally. The more affluent the area the more they trade for. Add into it the demographics like concentration of nostalgic retirees and there is a further effect.
The collectors who sell back and forth at Barrett Jackson (the Scottsdale auction) are really in their own rarefied world. Some cars are taking off in price there, but it is so disconnected from the rest of us. These are prices 'realised" for often over-restored examples of rare variations that people then seize upon as the value of their much more common (and tatty) version in the garage. It should sound familiar to trainheads too, BTW- Grin!
The collector market took a real pounding between 2005 and 2010, and there is a lot of suspicion amongst the garage-and-spanner crowd that many of the transactions at these auctions, BJ, Amelia Island, &c, were to establish recorded price-points to prop up a collapsed investment environment and more than one cheque was quietly returned or adjusted in the parking lot across the street afterwards. In short the rich trading back and forth amongst the rich to fix values and protect the investment.
I'm glad I'm not in the trailer-toff culture.
