These have become the equivalent of Hemi E body convertibles. Good and bad, it helps us with valuing out cars, but starts to raise the price on everything, and maybe even some people out of the hobby if they don't have the means like others do.
I understand your point, but not quite sure I'd agree they're quite an equivalent of a Hemi E. Maybe you mean compared to the rest of the Cbods? I think these extremely rare Hursts are underpriced, but of course I'd say that. As with everything with a price, it's supply and demand. Supply is low, but so is demand for the big Hursts. Why? Cost for a good one or cost of resto for a crappy one? Maybe both issues. My guess (or opinion) is most of us don't want a "driver" Hurst. We'd want a show Hurst, because of the attention it gets, and we don't want to be "that guy" with a crappy collector car. [We see them all the time, across the whole spectrum of enthusiast/collector cars, don't we?]
As for the Hemi thing, I bought my 71 Hemi Cuda in 1978 for $1850. People couldn't give 'em away! I sold it in '99 for some pretty good coin, but nothing like today. I have to tell ya....I was very happy that the yellow hemicuda vert sold for $2.5M at Mecum Indy this year....and I wish my Hurst would do the same. But I don't think they'll ever reach $100K, despite
all the magazine articles over the years describing the rare luxo giant with the 440 TNT.
I guess my point is that some cars become "money" collector cars for mysterious reasons. Usually due to rarity and exclusivity and performance. Sometimes a car rises to the top without these virtues (VW Microbus, anyone?), and sometimes a car (like the Hursts that definitely have these virtues) bumps along in the $40-60K range, which I consider the low end of the
collector car market. As for getting priced out of the hobby, that's how it goes, like you said "for the good and the bad". Having said that, there are plenty of decent Cbods out there in the $6K range that allow a person to enjoy the big cars without being a "show car". But there aren't many V8 Cudas in top condition below $60K-ish. The aura of the hemi cars has raised them all, including a Slant car that can become a $$$ clone or restomod. Maybe the "aura" of the Hursts has raised Cbods a bit, but there's nothing to pull the Hurst any higher?
I love talking about the collector car hobby. Just ask
@david hill
Anyway, I need a glass of wine.