QOTD: Are These Bucks Too Deluxe?
This weekend, someone raised their bidder’s number at Barrett-Jackson in Las Vegas when the auctioneer asked for $58,000. It wasn’t on a Hemi ‘Cuda convertible. Nor was it on a tasty ’70 Chevelle SS. It was on the 1997 Acura Integra Type R you see above.
After buyer’s fees, the new owner shelled out $63,800 for what may very well be the lowest-mileage ITR in existence. Do you think collector’s tastes have shifted? Maybe permanently?
It wasn’t too long ago we were watching ’70s muscle trade for inflated six (and seven!) figure price tags. Most reasonable people saw this as unsustainable, correctly assuming cooler heads would prevail and the market would come back down to earth. The crash of ’08/’09 took care of some of the problem, while more attractive investments took care of the rest.
I’m not here to argue whether cars should be purchased as an investment. If someone has the pockets to drop several cubic acres of coin on a fleet of classic cars, then turn around and sell them a few years later for a tidy profit (*ahem* Ron Pratte *ahem*), more power to them. It might drive up the price of certain models, but that happens in just about any form of collecting — art, pop culture, or cars.
For comparison’s sake, this very clean and all-original 1991 NSX sold for $40,000 before buyer’s fees. In the right color with the right transmission, I think I’d select this 21,000-mile rocket instead of that ITR and pocket the $18k difference.
Regardless, today’s question asks what you think will be the next car — or genre of cars — to tip the scales of fortune at places like Barrett-Jackson. We’ve asked a similar question in the past, but enough time has elapsed that perhaps you’ve formed new opinions since then. Or not.
One thing’s for sure: the sale of an 1,200-mile ITR for $60k+ makes the conversation relevant again.
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- TheEndlessEnigma GM, Ford and Stellantis have significant oversupply of product sitting on dealer lots and banked up in holding yards across the country. Big 3 management is taking advantage of UAW's action to bring their inventories inline to what they deem reasonable. When you have models pushing 6 months of supply having your productions lines shut down by a strike is not something that's going to worry you. UAW does not have any advantages here, but they are directly impacting the financial well being of their membership. Who will be the first to blink? Those UAW members waving the signs around and receiving "strike pay" that is, what, 20% of their wages? UAW is screwing up this time around.
- CEastwood Seven mil nitrile gloves from Harbor Freight for oil changes and such and the thicker heavy duty gripper gloves from Wally World for most everything else . Hell we used to use no gloves for any of that and when we did it was usually the white cloth gloves bought by the dozen or the gray striped cuff ones for heavy duty use . Old man rant over , but I laugh when I see these types of gloves in a bargain bin at Home Cheapo for 15 bucks a pair !
- Not Previous Used Car of the Day entries that spent decades in the weeds would still be a better purchase than this car. The sucker who takes on this depreciated machine will learn the hard way that a cheap German car is actually a very expensive way to drive around.
- Bullnuke Well, production cuts may be due to transport-to-market issues. The MV Fremantle Highway is in a Rotterdam shipyard undergoing repairs from the last shipment of VW products (along with BMW and others) and to adequately fireproof it. The word in the shipping community is that insurance necessary for ships moving EVs is under serious review.
- Frank Wait until the gov't subsidies end, you aint seen nothing yet. Ive been "on the floor" when they pulled them for fuel efficient vehicles back during/after the recession and the sales of those cars stopped dead in their tracks