No matter where your allegiance lies insofar as Manufacturer when it comes to “Collector Vehicles”, there are certain vehicles that can transcend mere bias. Everyone involved with the “collector hobby” realizes that some vehicles are to be added to any collection if they become available.
Whether it is a post-war “Woodie” wagon, or maybe a Cadillac Convertible or even a “suicide door Lincoln” you simply add the piece when you run across it.
Rarely do I make predictions for the road ahead in “collector vehicles” other than to point out the inherent rise in values for the overall health of the marketplace. However…. 2016 could prove to be the best “buyers market” since the economic collapse after 2007/2008.
I refer of course to the fall in the “oil market”. The number of collectors in classic vehicles throughout the Texas/Oklahoma region have been almost immune to the “recession”. If you follow Mecum Auctions as I do you have seen the Dallas and Houston Auctions remain impervious to the trend down in value during the recession. That is about to change. With millions and even billions of dollars of value being lost in the energy sector those who count on the income will need to “thin the herd” as far as their collections. Make no mistake, the oil sector contains a great amount of car hobbyists. It is, was and always has been a direct tie-in. That means the values at auction will be down this year (and possibly for a couple after that) and the buyers with spendable cash will be down as well. This puts the Dallas/Houston Auctions on a level field with values across the nation. And that is great news for collectors in other areas of the nation.
I am not saying the value of cars everywhere will be down to the extent of what runs through Texas this year. And I am not predicting falling values in the market. I am saying the “overprice factor” of the past Texas marketplace will be going away for a while. So whether you lean towards a 1946 Pontiac Streamliner Woodie Wagon or more towards a
1970 Pontiac GTO Judge (Blue) or 1971 GTO Judge (Red) you need not ignore the Texas Auctions as in years past.