watching barrett jackson, i can't believe the money Options

[messix]

that these muscle cars are going for! a 428 sj mustang sold for $475,000. wtf!

[914-8]

Weird how the market is. The 60s and 70s american iron is so hot right now, but the foreign 70s and 80s supercars (Testarossa, countach, etc.) prices are in the gutter. You can get a nice Testarossa, for example, for around $65,000 or so.

My guess is this is a speculative bubble in the American car market right now, which is going to tank big time. Much like the speculative Ferrari market tanked in 1990. These prices are insane and are only being paid because people believe the prices will do nothing but go up.

Outside of the speculative bubble aspect, I wonder if the American muscle car market really has legs. We all know that car guys tend to "imprint" or "bond" to the cars they lusted after as a 16-20 year old. For the american muscle cars, those guys are now 55 years old, the key age for buying toys like these.

But 20 years from now, maybe even 10, is there going to be a huge pool of buyers for these cars? Or are they going to all be dead or too old to care anymore?

I also think the supercars from the 80s are going to be the "next big thing." Those are the cars that guys who are now late 30s to early 40s lusted after. When we hit our early-mid 50s, we are going to start looking at those cars again, and a lot will have the time and money to drive the prices way up. I could see a $65,000 Testarossa (todays price), going for $250,000+ 10-15 years from now.