If this sale is real. Im not sure what to say.

But.....WOW.... someone wanted this one bad.
https://www.premierauctiongroup.com/vehicles/5747/1966-plymouth-satellite-hemi-hardtop

a 68 Hemi RR sold for 85 and a 69 Hemi GTX for 107k.
These prices are in line.

The price for the Satellite not. maybe a family related thing?
Looks like "garage fresh"

Carsten

I would love to know the story behind the winning bid.

I was thinking mid 40s to maybe somewhere in the 50s tops.
At least based on the pictures show
I was floored when i opened the listing this morning

i wonder if it was sold intercompany to make the news that it sold to fool the general public

I would think 70k tops. And I wouldn’t pay that.

if that were the case. They had 2 other hemi cars that would be much more believable sold for near this kind of money . a 1968 Roadrunner and a 1969 GTX

Damn, Someone let that one go down hill!

Doesn’t seem real. Plenty other cars to buy at that price. It’s not even nice or a superb survivor.

That's baffling.
Yeah, I'd say $122K is easily double an all-the-money price for the car...either a typo, or somebody REALLY wanted that specific one...

All it takes is 2 bidders who won't give up. But it looks like a great car. Long term, the buyer won't get hurt, IMHO. BTW, it's an H code, not an R code like the auction description says.

Joel- you think that car can be bought at $122K refurbished/restored and the owner not get hurt? I certainly respect your opinion which is why I'm asking but that seems like a lot of appreciation even looking way down the road and allowing for general inflation. I think things settle out over the next several years as people who want a muscle car of that type are likely a diminishing group.

Long term, I'm thinking 20+ years. A lot can happen. Historically, inflation trends erase overpayment on good stuff. Not always though. But I predict huge inflation. It seems to me that this is a worthy enough car that it will always be wanted. Maybe I didn't look close enough, but I didn't factor in restoration. Just a puff& buff, then enjoy.

In 1977, I paid$1000 for my 48 Plymouth convertible. I was told by many that I overpaid by a bunch. I still have it, time cured the overpayment by several-fold.

Who knows though? I wouldn't have paid that, no way!

Wishful thinking has already missed the boat. I'm no investing expert by any stretch, but buying high is never a good strategy. I watch the TV auctions and think "those poor bastards will never get that money back".

Although anything can happen down the road but as far as value is any ones guess.

BUT IMO 122k is way way to much for this car . ALTHOUGH I said the same thing many years ago ago when I could have bought a A4 silver with red interior 1969 GTX , Hemi 4 spd for 25k, I thought the guy was nuts and passed

I would LOVE to know the story on how or why it got bid up so high when same auction 2 other Hemi car could have been had for approx 100K
But will say black with red int combined with Hemi and 4 spd are pretty much top dog to most . A friend of mine was interested in the car and we both felt mid 50s ,,,MAYBE 60k would have been about right. But never in my wildest dreams would have said it sell for 122k

I know of a 66 Hemi satellite vert that can be had for less than that. with a bunch of NOS parts to go with it . I would like to have ,,,but its out of my budget

Not the best way to look at this. APPRECIATION like in the housing market right now is the way you make money. If it APPRECIATION in a low inflation market, even if that occurs a few years/decades down the road. That is real profit. Inflation may give you back your dollar amount, but it bought more back then, than it does the day you sell it. The dollar is not worth the same.

The sale price may have been 122K, but the selling price could have been lower. Too many 66 hemi cars in very nice driveable condition for under 60 and even 50K come up for sale.

it maybe thought to push the price of these cars up. lets see if it works. time will tell.

Where ??????
I know 2 guys on the hunt. and we cant find anything that is a presentable running driving car for under mid 60s

I saw a clone recently listed for mid 60s and it was gone in a few days so odds are it brought full asking price or close to it

I saw a blue 66 Belvedere a while back for $55 but now I cant find it .

ps,,,,Mine is a 66, and Ive turned down 75 for mine ,,,,,,,TWICE ( not for sale )

The early hemi cars were left sitting just a few short years ago for 50k or even less in a few cases. No more.

There you go appreciation, may be on the upswing again. I think some one just got a nice one out of TX around the 50 mark.

ed miller has 2 of them