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Discussion in 'General Chat' started by caseydog, Jan 10, 2020.
I thought it might even go a bit higher.
Fools & their money. I don't get it?
I watched that yesterday, it was pretty exciting. The bidding started at 3500.00 (the price the owners paid for it years ago) and within I think one minute it was
in the millions. I just hope the new owner does not restore it, that would ruin it.
3.74 Million with fees.
Nice asset that will only go up in value if left untouched. Just like any original Ferrari or Porsche.
It might go up in value but I'd be somewhat surprised if it does. You figure in another 25 years or so no one is going to remember the movie, so while it is an iconic car to us 50-75 year olds who remember the movie and the actor the younger Gen behind us will not...
I think that's going to be an issue going forward on all classic cars - I already see a substantial drop in prices for anything that's not a museum quality car from the 20's and 30's, run of the mill stuff is getting harder to find a market for. I think the same will happen to 50's and 60's cars eventually, too.
OTOH, folks could get so sick and tired of nothing but utes and giant trucks and such that they could rebel and buy anything that's NOT modern.
I think most of the cars being sold at place like Barrat Jackson are just trading between the same few guys, who are all betting that they'll unload it before the musical chairs finally stop.