| Huvius |
| (.416 member) |
| 22/01/22 04:39 AM |
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Re: Kurz mauser, who outbid me?
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Quote:
The collectors/investors market has pushed other things out of reach. When I was younger I dreamed of having a vintage Ferrari from the 60’s. I thought the 330 GTC (about $50k at the time) was elegant, understated and just about perfect. The 275 GTB (about $80k then) was the same - so much better than current cars I thought. Gonna have one of those two when I get some money, I thought.
Now the 330 is $800k and the 275 about $2.7 million. Some of these cars are stored for decades, restored at great cost, and put back into storage. An unrestored one with original patina is the holy grail and will fetch 50% more. So I haven’t been able to buy one and likely never will.
Same with land, vintage audio equipment and lots of other stuff.
Looks like asset prices will see a reckoning when interest rates return to historical averages, but it won’t help as most of us have wealth tied up in equities, real estate etc.
You are absolutely right about Ferraris!
When I was younger, I passed on a 250 PF Coupe. It was $75K.
The reason was because I was at an auction at the Monterey historics and saw a perfect silver over blue interior 250 GT Lusso sell for $100K and thought, I'll just save longer and get one of those.
That plan was short lived as prices jumped from sub $150K to well over a million in about five years span it seemed.