Two examples of nominal value:
- The 1970 Hemi Cuda - $6271 ($5400 base + $871 Hemi option)
- The 2013 Shelby Cobra - $204,200 (54,200 base + $150,000 Shelby mods))
Examples of perceived value:
- This Nash Bridges Cuda - $150K (nominal value) because of its association with the TV series.. that's the "perceived value", and only if one agrees that the association with the TV makes the car 10 times the value.
- Cuda World ( www.Cudaworld.com ) - you'll find them from $25K and up...
- A numbers matching, 1st off the assembly line 1970 Hemi Cuda for $3.2 Million.. http://www.motorauthority.com/news/1062 ... le-3200000
The point I was trying to make is this.. and it is a bit abstract.... using the 2013 nominal value (price) Steve provided of a $204,200, had the Shelby been sitting right next to the $6271 Cuda in 1970.. the Shelby would have had a nominal value (price) of $35011.99. That nominal difference only comes from the change in the "perceived value " of money, not the cars... because the real value of the dollar has diminished from 1970 to 2013. It's why the Shelby would be priced so much higher sitting right next to the Cuda in 1970.
Let's remove the nominal valuation (dollar price) from the discussion and look at only perceived value.
Assume both cars are numbers matching, fresh off the assembly line. Would you trade the 1970 Hemi Cuda for a 2013 Shelby? Or a 2013 Shelby for a 1970 Hemi Cuda?
