$3 million.....

[ec_co]

Crazy money, congratulations to the buyer and seller

[dodj]

Wow...whatever. I can't understand why people would pay 3 million dollars for a 'cuda. Unless it had 2.9 million in cash in the trunk.
But...good stuff for the 'cuda owners!

[Cuda Cody]

WOW!!! 

[RUNCHARGER]

It wouldnt be my choice.

[ec_co]

Wow...whatever. I can't understand why people would pay 3 million dollars for a 'cuda. Unless it had 2.9 million in cash in the trunk.
But...good stuff for the 'cuda owners!

That kind of money I can have a '70 Hemi in every color

[dodj]

Wow...whatever. I can't understand why people would pay 3 million dollars for a 'cuda. Unless it had 2.9 million in cash in the trunk.
But...good stuff for the 'cuda owners!

That kind of money I can have a '70 Hemi in every color

If I had 3 mill set aside for vehicle purchases it would probably be a McLaren or a Ferrari, a Challenger SRT, a Viper, a TRX truck, and a Merc AMG GT for a daily grocery getter. Then buy a vacation home and a '69 Charger project with the leftovers.

[Cudajason]

Wow...whatever. I can't understand why people would pay 3 million dollars for a 'cuda. Unless it had 2.9 million in cash in the trunk.
But...good stuff for the 'cuda owners!

That kind of money I can have a '70 Hemi in every color

If I had 3 mill set aside for vehicle purchases it would probably be a McLaren or a Ferrari, a Challenger SRT, a Viper, a TRX truck, and a Merc AMG GT for a daily grocery getter. Then buy a vacation home and a '69 Charger project with the leftovers.

Agreed!  what can you do with a $3,000,000 car...would you ever drive it? 

[JH27N0B]

That 3.3M was probably on the low end for 71 hemi cuda convertibles.
The bland white color and column shift might have held it back?
A blue one sold at Mecum 12 years ago for 3.8M

https://www.mecum.com/lots/185434/1971-plymouth-hemi-cuda-convertible/?aa_id=88232-0

Tom Lembeck had his gray one at Mecum maybe 5 years ago.  It didn't sell, but rumor were he had a 5 or 6 million reserve on it.
He had a red one too, which he apparently doesn't have anymore.  Wonder what it sold for?
No one bought his gray one, so he just drives it!

[ebodyproducts]

You could bank $3 million and buy a hemi cuda every year for life off of the interest alone. 

[Headjam]

Wow...whatever. I can't understand why people would pay 3 million dollars for a 'cuda. Unless it had 2.9 million in cash in the trunk.
But...good stuff for the 'cuda owners!

That kind of money I can have a '70 Hemi in every color

If I had 3 mill set aside for vehicle purchases it would probably be a McLaren or a Ferrari, a Challenger SRT, a Viper, a TRX truck, and a Merc AMG GT for a daily grocery getter. Then buy a vacation home and a '69 Charger project with the leftovers.

Agreed!  what can you do with a $3,000,000 car...would you ever drive it? 

Nope!

[mtull]

Wow...whatever. I can't understand why people would pay 3 million dollars for a 'cuda. Unless it had 2.9 million in cash in the trunk.
But...good stuff for the 'cuda owners!

That kind of money I can have a '70 Hemi in every color

If I had 3 mill set aside for vehicle purchases it would probably be a McLaren or a Ferrari, a Challenger SRT, a Viper, a TRX truck, and a Merc AMG GT for a daily grocery getter. Then buy a vacation home and a '69 Charger project with the leftovers.

Agreed!  what can you do with a $3,000,000 car...would you ever drive it? 

Nope!

Respectfully,  when you buy a car like that, most likely you're parking it in a showroom garage, your buying it for prestige and bragging rights. Perhaps the cars parked beside it are in the $20 ~ $30 million range, if so, occasionally driving a $3 million dollar car isn't that big a deal.  I doubt it was bought as in investment expected to rise in value but with so few made, the market price can easily be controlled by a small group. 

[BIGSHCLUNK]

Crazy money for sure. But not up to me on how a man spends his money. But... 25 years from now a bunch of us will be gone (myself included)and it will go by the way of the Model T. Yes it will still be worth money... but NOT 3M 

[ebodyproducts]

Crazy money for sure. But not up to me on how a man spends his money. But... 25 years from now a bunch of us will be gone (myself included)and it will go by the way of the Model T. Yes it will still be worth money... but NOT 3M 

I've been saying this for years.  Are there young folks in the Mopar hobby?  Yes there are.  Are there enough to keep it going?  I don't see the young attendance at the shows to support it.  I have a nephew that turned down a 2012 challenger in favor of a Toyota.   

[JH27N0B]

I've been reading people on forums for at least the last 20 years saying that vintage car enthusiasts are aging out and car prices will soon crash. By and large prices at Mecum last week were setting records though.
So will I live long enough to get a nice #s matching hemi cuda all the forum gurus assure us I'll be able to buy for $10,000 any day now?
I'm losing hope!
It'd be interesting to see who the buyers are.  Lots of online and phone bidding going on at Mecum I think.
Are they overseas buyers?
The dollar has been weak so that would be attractive to overseas buyers.
I heard someone say Mideast buyers are buying a lot of cars.  I hope not.  I've noticed over the years that a number of vintage cars go back and forth between collectors in North America, Europe and Australia.  On the other hand, cars that go to the Mideast don't seem to ever be seen again.
Restoration costs have skyrocketed, many vintage cars get destroyed every year in fires and hurricanes, they're not making any more!
And lots of people around who seem to have lots of money.  So I'm going to be a contrarian and say I don't think I'll be seeing any $10,000 hemi cudas on the market even if I live to 100!

[70_440-6Cuda]

I disagree that you will ever see prices drop due to the age of the buyer pool.  What makes a car valuable at that level are things like scarcity, cultural significance, driving experience and provenance.  If buyer age were the primary driver, prewar cars, early Porsches, and coach built classics would have collapsed rather than compounded in value across generations of buyers who never experienced them new.

Nostalgia may create the first wave of demand, but scarcity and significance sustain that demand.

I have been looking to buy another "weekend" car and have been tracking auctions and sites that are geared more towards collectors to get a feel for what my spend should be, and frankly I am stunned at how prices for cars I could have bought 10 years ago have doubled or tripled in some cases.

My son is 16, and knows the Hemi 'Cuda is the holy grail of 70s muscle, that wont change probably ever just due to the cultural significance and scarcity of an original car with documented provenance