You ain't kidding! My '70 'Cuda ragtop: I paid $13,500 and have been offered $75k. My '70 Charger R/T? Paid $3500, put $6k into the motor, insured for $50k. But let's be real, those cars drive like hippos on rollerskates, and my Magnum SRT8 easily beats a stock hemicuda in ther 1/4 mile, and can actually go around a curve!
So the muscle looks great and is fun to cruise, but I sure wouldn't put my retirement fund there, since that bubble will burst sooner or later...
Hemicudas are the Beanie Babies of this decade, and the fallout is going to be brutal. The guys buying clone cars as "investments" for $150k are gonna get a sobering reality check in a few years. Rare cars ("real" ones) will always change hands for big $$$, but those cars don't get driven, so they are not cars anymore, but more like Faberge eggs.
Go to Wikipedia and search for "tulipmania" for a great historical perspective. Just substitute "hemicuda" for "tulip bulb" in the story, and have a laugh!
Anyway, the GT is a driver's car. The muscle is a collector's car. (he said confidently, with two muscle cars and no GT in the driveway....)
BTW: The "rare" muscle cars that are worth so much were not widely produced: (only 11 1971 hemicuda converts, ~500 Superbirds), so a car like the GT, of which they are going to make around 4,000 examples, will never be as rare as the rare old musclecars, so I wouldn't expect its value to go to 1,000 times its MSRP, like it did with the Cudas...
(Cuda MSRP = $4,000. 4,000 x 1,000 = 4,000,000 which is the last hi-priced Cuda sale I heard of...)
Now that's just ri-donk-ulous. Bonkers. Nutz. :banana
Oh, and the price of hemicuda converts is driven basically by one man, Bill Weimann, who paid $2m for the white convert that he sold for $4.1m. He also bought the "turdball" (blue 4.10 car) for $500k and sold it for $2m. This one guy working his way through all 11 '71 hemicuda converts, has singelhandedly driven the "market price" for hemicudas through the roof. Bill Weimann is known as "the hemicuda owners best friend" because he's the guy what will pay ANY amount for the car he wants. Money means NOTHING to this man, and he pays zillions for these cars and then drives them to the local cruise night. (I love that!).