Indy Auction Set To Start


ImageThis 1969 Pontiac GTO with its 400 cubic inch V8 and 4 speed transmission goes on the block at this months Mecum Auction in Indianapolis.  With one repaint it should be a relative bargain for its new owner.  The knock against it for authenticity is the fact it has Metallic Black paint which was not yet created in 1969.  That would first show up on Dodge pickup trucks in the future.  Pontiac vehicles are even more collectible now that Pontiac has ceased to exist as a “Manufacturer”.

For some time now I have been trying to create a “Collector Car Mega Store”, and while not to any success so far, I continue on the mission. All while Banks pay return on your cash of 1 to 2 percent and act as if they are doing you a favor.  The stock market continues to churn your investments to buy newer and better homes for your broker.  Gold and silver continue to rise and fall and even your real estate has been plowed under in its value.  The lone survivor in investing continues to be “collector vehicles” overall.

ImageCars such as this 1971 Plymouth ‘Cuda with its 426 Hemi and 4 speed pistol grip equipped transmission are the “Holy Grail” for collectors. The engine and transmission combo make for a 1 of 56 combination for the year of production.  Total production for Barracuda/’Cuda in 1971 was a mere 18,690 to start with.  That makes it low volume to start with.  Add the expense of $1082 to the $3,155 base price and you see why few selected the Hemi engine.

The “Collector Hobby” has had its downturn and while new records continue to be set at auctions, there are plenty of vehicle to make money on.  The ability to routinely make money on buying and selling is all in knowing what to buy and where the market is headed.  My assessment is with the proper inventory and level of investment you can make a “Return On Investment” somewhere in the 25% range.  That is “NET” return before taxes and after paying your overhead, salaries, cost of inventory, insurance, and the actual cost of the building.  Between sales, servicing, restoration, consignment sales and other revenue sources the potential is there to even exceed that number given time to establish the business.

ImageEven this 1966 Fairlane 500 with its 289 and automatic transmission is a sought after “Collector Vehicle”.  While a GT or GTA version may be worth $20,000 and up the base model can still draw $15,000.  All in a car that stickered for around $2,500 when sold new.

So as it says in my “description”…… “INVESTOR NEEDED”

Davey Boy

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