ultra-rare vintage cars are only going to get more expensive

Might well be true in your neck of the woods, Dean; but with the American economy in such deep dodo, and Europe on the ropes the way they are, I don't expect much money for that stuff is ready to pounce....

:crutches::(
 
BangkokDean said:
This might not come as a shock, but ultra-rare vintage cars are only going to get more expensive as time rolls on, particularly if there's a prancing horse on the car's nose. For example, in 2011, a Ferrari 250 Testa Rossa sold for $16.39 million. In February 2012, a 1964 250 GTO sold for nearly ...
ff09_r103_01.jpg

http://www.autoblog.com/2014/02/04/1957-ferrari-250-testa-rossa-record-39-million/
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If I was really wealthy, in no way would I pay this much for a 250 Ferrari. I'd be buying a North American Aviation P-51 and have money left over for a night on the town. A V-12 250 Ferrari has a 3.0 liter displacement..Whoa. Pay 16.39 million for a 3.0 liter car..NFW. Actually, if the truth were known, I don't know if I could control all that horsepower from a 3. 0 liter engine. Whoa..just imagine driving a car with all of non-supercharged 3.0 liters displacement!!

I'm being sarcastic. I have a ZZ4 powered 68 vert..it's about 400 hp I guess and the car weights about 2850 pounds. I have a 08 Corvette supercharged...it's 6.2 liters ...it's 6.2 liters supercharged, not 3 liters, non supercharged. I think it weights about 3300 pounds. Non of these two cars have the financial value of the Ferrari, but I'm thinking they are pretty much superior to a 3.0 liter car.

OK..I realize my cars and certainly many, many others just don't get into the mainstream collectors targets for purchase. I think an important thing is that the Ferrari and other similar car's value is their very limited production numbers. It's like their limited numbers make them to be art pieces.
 
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I saw a tv show about some guy that started buying retired Ferrari race cars in the 50's and 60's. These were factory built cars that were no longer competitive, or the rules changed. I think he might have paid $10-20K for these cars and some were worth millions.
 
To make it worse the collectors are dying off. A modern dot.com millionaire doesn't give a shit for the cars his dad or grandad coveted.
 
GT6Steve said:
To make it worse the collectors are dying off. A modern dot.com millionaire doesn't give a shit for the cars his dad or grandad coveted.
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An old friend got that demonstrated to him back 30 years ago, perfect '35 Ford rumble seat convertible....many awards....had about 15k in it, sold it for 15k, all the while he had it, about ten years, I was saying make a T bucket hotrod, at time he sold it, near 20 years ago, HAD he done it my way about 50 grand would have been the price, I say this every time these NCRS types get into these conversations.....same shit going to happen to our sharks/vettes.....

young kids will be wanting some old rusted out Honda when they are age 40.....

:gurney:
 
Sam Cogley said:
GT6Steve said:
To make it worse the collectors are dying off. A modern dot.com millionaire doesn't give a shit for the cars his dad or grandad coveted.
Click to expand...

Uh huh. Plenty of those guys are laying out big cash on this stuff.
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I agree.
Once the hype is started why letting it die?
Even if new generation don't give a shit about the car itself, they still know they remain valid investments, like fine art.
 
If prices do drop? I think it would create a new influx of investors. Then prices will be up again, like art, as said.

Ralphy
 
i agree. and i also agree on the n.c.r.s people, as far as i am concerned if it isn't a truly special car like a ZL-1 or L-88 etc its just an old corvette.i don't care if someone thinks its rare because it has cloth seats and a clock:smash:
 
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