During the late 60’s and 70’s if anyone was buying some good old-fashioned American Muscle, they wouldn’t have been wasting their money. Instead it actually turned out to be quite a good investment like these blog resources, usually something you can’t say for most car purchases.
The value of muscle cars between 1969 1971 has skyrocketed in the past two years. Mecum Auctions, an auction located in Walworth, Wisconsin is going to be auctioning off muscle cars in 13 different auctions through different parts of the United States. Along with muscle cars they will also be auctioning vintage motorcycles and old farm tractors.
Dave Magers, CEO of the company has had a lot of success over the years as he sold a Plymouth Hemi Barracuda, (Hemi Cuda) for $3.5 million and another one for $2.5 million. These were both sold at some of the company’s west coast auctions.
One of Mecum’s largest auctions is opening in Kissimmee Florida right near Orlando and will be selling around 3,000 different cars. At least some of these consist of a few muscle cars that will fetch a million dollars or more. The market for these cars is usually from baby boomers that were driving these types of vehicles in their heyday.
There has been an increase in the price due to increased interest from European, Australian and Asian collectors coming to these auctions and bidding, thus raising the price and demand for the muscle cars. The cars are beginning to become as expensive and sought out after as the Ferrari’s created in the 1960s.
They still have a long way to go though as some of these Ferrari’s can fetch upwards to $25 million plus, before the World War II era.
Here are three select cars and some of their specifications and estimated auction prices.
The 1970 Plymouth Hemi Cuda convertible is estimated to b anywhere from $2.75 to $3.5 million. This car is one of only 14 cars built and is a yellow color and has been dubbed the Lemon Twist. The body is mostly original and has just under 27,500 miles, one of the more expensive cars on the list.
There is also the 1970 Dodge Hemi Challenger R/T Convertible that is estimated at anywhere from $2.25 to $2.75 million. It is of only five built vehicles with an automatic transmission and the final production year for the Hemi Cuda. It has a snow-white color and a black accent.
Last but certainly not least is the classic 1969 Chevrolet Camaro ZL1 going from anywhere to $800,000 to $1 million. It is the 18th model built and one of only 10 that includes the Dusky Blue color.
The ZL1 engine was designed specifically for drag racing. Back in its day it was sold for $7,200. It still has its original engine and was restored in 1988 by a collector. It has been owned a few times by collectors but is now back up for auction after being showcased in Las Vegas for a while.
These are all beautiful cars and it will be interesting to see who the highest bidder is and what they will do with a new muscle car in their collection.