Des Moines, Iowa Auction Over With and Somebody’s Gonna Make Money

 For the faithful few who follow my blog here on WordPress, you know I spent 3 of my recent posting on what cars are due to climb in value and make money by increasing in value.  One of the forgotten cars from the Muscle Car Era is the Chevrolet Corvair.  When Ford came up with the Mustang and car manufacturers devoted attention to smaller sporty cars, Chevrolet relied on the Corvair to be its contender in the segment.  Rather than admit the rear engined car had little or no chance to compete with offerings from Ford and Dodge, Chevrolet came up with performance upgrades that included the Monza and Monza Spider versions that delivered on the more power mantra from the era.

This 1968 Corvair with its 110 hp air-cooled four-cylinder sold at auction for the price of $2000.

This makes it a collector car that sold for less than the price when new, or about that amount.  Within the next 2 years it should be a $10,000 to $20,000 vehicle.  Nice return for someone.

The Auction in Des Moines showed the market is a little weak right now in my opinion because there were several really low sales prices for some of the cars.  The fringe cars were especially short on bidders.

This 1969 Chevrolet El Camino with it’s 350 cubic inch small block went for $9,100.  While the El Camino’s have lower values than the Chevelles they are based on the 350 small block V8’s are among the cheapest in the bunch since it was the entry level V8.  The 350 is a fine motor, but it is a small block and a true muscle car needs a big block.  This “truck” should be worth $15,000 now and possibly the 20’s by next spring.

There was a 1971 El Camino also sold at Des Moines for $12,750.  It was the very popular “Cortez Silver” and while it had SS badges it was not a documented vehicle so it was sold as a “regular” El Camino.

And for those who want a stylish old car but not necessarily a Muscle Car there was this 1976 Cadillac Eldorado Convertible.  You do not see a lot of them in the Buttercream color.  And it was in really great shape.  And it sold for the least I have ever seen one go for.  A mere $9,250 and it had a new owner.  Normally these stay in the $20,000 range but I have seen them dip down to 12,000 to 15,000 dollars.

This 1969 Ford Torino GT Fastback is another bargain from Des Moines, as it sold for $9,100.  There are a lot fewer Torinos than Chevelles out there and finding a real GT fastback puts it in rare company.  To get it for under $10,000 is just crazy.

There were several “Second Generation” Trans Ams sold at the auction and ranged from 12 to just under 20 thousand dollars.  This 1978 Formula 400 sold for a nice $7,500.  This is a vehicle that I showed you in my 3 part series, and is going to gain value ahead of the curve in the coming years.

Anyway, that’s the update this time and I’ll be letting you know what progress I am making on my 85 Trans Am soon in another post.

So, enjoy Summertime, and remember to stay hydrated.  LOL

Davey Boy


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One Response to “Des Moines, Iowa Auction Over With and Somebody’s Gonna Make Money”

  1. Super Call Saver Telecommunications Savings Portal » Blog Archive » Meredith 2010 financial report and fourth quarter results Says:

    […] Des Moines, Iowa Auction Over With and Somebody’s Gonna Make Money « Ameri… […]

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