No need to speculate on this. Go to the inflation calculator at:
http://www.westegg.com/inflation/
My Gram'pa purchased his TD with options in 1951 for the princely sum of
$1,772. In today's dollars this tracks to $12,540 and change.
I could reasonably expect to get in the $16k-$20k range for '52 for a net
gain of $3k-$7k.
Not very good on a 50 year investment.
As for future classics everything I see says to follow the money
demographic. I.e., since folks enter their peak earning years around 45ish,
whatever car they thought was hot when they were teenagers will be hot.
Hence Hemi Cudas going for $50k+ on today's collectors market.
Anyway, my 2p.
Scott Allen
52 TD
74 1/2 BGT
>From: Max Heim <mvheim@attbi.com>
>Reply-To: Max Heim <mvheim@attbi.com>
>To: MG List <mgs@autox.team.net>
>Subject: Re: Future Classics?
>Date: Mon, 25 Mar 2002 10:41:18 -0800
>
>First, I think I agree with the opinion I've seen expressed by several
>classic car experts, which is that your money would be better put to use
>investing in the stock market (especially at its current low point) or in
>real estate, than in speculating in which cars will become valuable in the
>future. The difference between financial markets and a garage full of cars
>is that the cars are losing value every year they sit without being
>actively
>maintained or restored -- and that costs money. So you'd be lucky to break
>even. Look at MGBs, for example. Sure, I've seen the prices asked for good
>specimens go to what I consider outrageous levels ($15,000???), but if you
>factor in inflation they still haven't climbed back to the original selling
>price, and I don't think the seller is making any profit on his
>restoration,
>either. I used to see 1980 MGB LEs advertised with almost zero miles,
>"stored since new"... I bet if those sellers had taken that original $4500
>or so, and put it in mutual funds, they would have had a lot better return
>after 20 years than the $10,000 or so they got at auction. In other words,
>you can do it for the preservation of the breed, if you feel so inclined,
>but don't kid yourself you're going to make a heap of money. Even the guys
>who picked up classic Duesenbergs in the late Depression for pennies didn't
>make a killing, because 1) it took decades for a market to develop, and 2)
>it cost many tens of thousands of dollars to restore cars of that caliber,
>even in the 60s. LBCs, and other popular sports cars of more recent
>vintage,
>aren't as expensive to restore, true, but also are not as rare, or
>intrinsically desirable due to uniqueness, pedigree or craftsmanship.
>
>IMHO...
>
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