I think my point--at least part of it--got missed (maybe buried in too much
sarcasm).
If you think someone paying close to $200K for a factory 100M is absurd, keep in mind that to many people--probably a
large majority--spending any money (or time) at all on an old British 2 (or 2.5)-seater is absurd; cars are 4-wheeled
appliances for getting groceries and taking the kids to soccer/football practice. There are plenty of people who
think you would be just plain silly to spend a penny on a 6-cyl Healey, so it's all relative.
I do agree that 100Ms may be in a bit of speculative bubble, though (it's been going on for several years, so may have
some staying power). More justified, IMO, in the bubble in old muscle cars, which have no appeal to me.
Bob
On 5/16/2012 2:08 PM, Derek Job wrote:
Bob
It's just my opinion but I think people are paying those prices because
they don't know what they are doing. How many real Healey enthusiasts would
pay 175K for a 100M. None in my opinion. There is nothing special about the
cars, yes there are only 600 or so but as I said , there are only 350 BN7
Tri-Carbs. This market has been hyped up by various American auction houses
and dealers. Now if you own a 100M, good for you, I like those cars, but if
I had one I'd sell it for 175K. Reminds me a bit of the mining industry. if
ever we discovered a gold deposit we would sell it, because people would
pay way over the odds for it and we could better invest the funds elsewhere.
Derek
www.healeysix.net
--
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Bob Spidell San Jose, CA bspidell@comcast.net
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