There was a lot of speculation going on in the classic car market in the
late eighties and early nineties. Primarily it was Ferrari that was the
overvalued big mover. It dragged everything else up with it. But then
someone decided it wasn't worth it and left someone holding the bag. And
then came the subsequent devaluation.
Some have opined that this is a cyclic bubble, occuring every twenty years.
If that's the case, we may be witnessing the beginning of the bubble.
JR
53 BN1
62BT7
----- Original Message -----
From: "Greg Lemon" <glemon@neb.rr.com>
To: "davidwjones" <davidwjones@cox.net>; <scotyp@comcast.net>;
<healeys@autox.team.net>
Sent: Wednesday, December 15, 2004 5:44 PM
Subject: Re: Healey Values
> David, I was right there (except I had a TR4 instead of a Healey) but was
> eying the Jags and was almost to the point where I could swing the price,
> when the price exploded. As I recall the Healeys jumped some (and TRs
> barely) , but it was really high end stuff that really jumped.
>
> I remember looking at a complete but rusty and needing total restoration
> early 3000, maybe a 62, that a local guy I know had sold to a Japanese
> buyer
> for about $7,000, it seemed like a lot for a project back then, but maybe
> not too different than today.
>
> Greg Lemon
> 54 BN1
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