Well, this will take the speculators out of the market for one. Another thing
to remember is that a lot of the cars that go to these auctions are not that
great when you actually go there and take a serious look at some of them. Many
have been done in a superficial way just to get them to shine through the
auction and then the problems start.
The really good cars with provenance will always sell and the demand and prices
will remain high. But so often, at a place like Barrett-Jackson, you will see a
car with dubious past with supposedly really low mileage, and the announcer
will claim that this Camaro is one of only 20 painted that colour, that year
and with a 4 speed. Pure BS, GM made 58000 Camaro that year period, nothing
rare about it. When people realizes that these are only sale tactics, they also
realize that they don't have a rare car, but it had an inflated price.
This correction in the market is long overdue and we will be left with those
who really appreciate the cars for what they are, a fun thing to drive and
enjoy while building memories.
Jean
________________________________
From: Healeys <healeys-bounces at autox.team.net> on behalf of Bob Spidell
<bspidell at comcast.net>
Sent: January 17, 2018 1:34 AM
To: Healeys
Subject: [Healeys] Ugh
Happened to be watching the B-J auction on TV and came across this,
which confirmed what I thought I was seeing:
https://wolfstreet.com/2018/01/16/classic-collectors-cars-drops-more-than-during-financial-crisis/
[https://wolfstreet.com/wp-content/uploads/2018/01/US-classic-cars-hagerty-2018-01.png]<https://wolfstreet.com/2018/01/16/classic-collectors-cars-drops-more-than-during-financial-crisis/>
Asset Class of Vintage Cars Drops More than during
2008/2009<https://wolfstreet.com/2018/01/16/classic-collectors-cars-drops-more-than-during-financial-crisis/>
wolfstreet.com
But this time, there?s no Financial Crisis, and no QE in sight.
I realize we're all enthusiasts, but it was always a bit easier the pull
the trigger on a big order to Moss or DWR when I could tell myself "At
least it's an appreciating asset."
Bob
_______________________________________________
www.team.net<http://www.team.net/donate.html>
www.team.net
The Team.Net email, archive, ftp and web services are run on a part time
volunteer basis. There are out of pocket expenses involved in the network
connection, name ...
Archive: http://www.team.net/archive
Team.Net Archives<http://www.team.net/archive>
www.team.net
Team.Net Archives. Archives listed from most recently updated to oldest updated.
Healeys at autox.team.net
http://autox.team.net/mailman/listinfo/healeys
Healeys -- Austin Healey Discussion -
Team.Net<http://autox.team.net/mailman/listinfo/healeys>
autox.team.net
To see the collection of prior postings to the list, visit the Healeys
Archives. Using Healeys: To post a message to all the list members, send email
...
-------------- next part --------------
An HTML attachment was scrubbed...
URL:
<http://autox.team.net/pipermail/healeys/attachments/20180117/2a2702f8/attachment.html>
|
