$67.5 Sale @ Silver Auctions in Reno, NV

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I saw a nice 65 GT Conv sell at Silver Auction in Reno during Hot August Nights 2 weeks ago for the high price of 67.5K. This was not a K, but just a nicely restored GT, and not as nice as the one Charles sold a few years ago at Scottsdale. It was nice to see Mustangs may be holding their values in this economy.

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Rare, high end and/or high quality cars of many makes are holding steady. However, the merely "nice" cars are going for much less, or not selling at all. Craigslist & ebay are loaded with bargins these days, and many aren't getting ANY bids. People have been using their home equity to generate loans in the past, that's over for now at least.

Z. Ray