Classic-car pricing bubbles are a curious thing, and watching them grow and grow is part of the appeal of auction coverage. The modern “tulip mania” effect on moneyed collectors can be quite a thing to see in action, and ever since a classic Ferrari broke the $1 million mark in the 1980s, values have continued to climb, whether we’re talking about the rusted corpse of a 1948-1965 Porsche 356 for the price of a 2015 Lexus RC 350 or a million-dollar muscle car.
Quite a few American muscle cars have broken the multimillion-dollar mark several times over in recent years, though values dropped significantly when the economy tanked in 2008 or so. The question for speculators is this: do wild auction prices translate to higher overall values, and will things return to madness levels anytime soon? That’s a question that RK Motors is banking on, because there’s a 1971 Plymouth Hemi ‘Cuda sitting on its Charlotte, North Carolina showroom floor with a cool $1,999,990 written on the price tag.
That’s not a typo: 10 dollars shy of $2 million. That would have bought over 600 1971 Plymouth Barracudas at the original price. That would buy any of a number of massively fancy houses, or 34 2015 Dodge Challenger Hellcats. That might even buy you a couple of Congressmen. So what’s the story here? Is this particular Cuda made of plutonium? Can it travel through time provided you can generate 1.21 gigawatts of power? Does it grant wishes?
Continue reading for the full story.
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