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Offline 360c

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o_0  OMG, wow, i swear it wasnt that long ago they were $500k as you mention.

but yes the car market has gone absolutely silly of late.  Its a good sign for all other investments IMO it means money is flowing freely.

IMO it is a direct result of QE in the US and all that credit easily available at near zero interest rates. Cash needs a safe haven and conventional safe investments have been making abysmal returns. People have been parking money in unconventional investments like classic cars and art which can also be enjoyed.
As I have often said, watch what happens when the free money party ends and interest rates rise. At the very least you will see a correction in collector car values, at the worst a collapse like we saw in 1990.



Offline Neru


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IMO it is a direct result of QE in the US and all that credit easily available at near zero interest rates. Cash needs a safe haven and conventional safe investments have been making abysmal returns. People have been parking money in unconventional investments like classic cars and art which can also be enjoyed.
As I have often said, watch what happens when the free money party ends and interest rates rise. At the very least you will see a correction in collector car values, at the worst a collapse like we saw in 1990.

if there is a correction soon and prices drop, would you consider buying a classic ferrari Scott?



Offline 360c

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if there is a correction soon and prices drop, would you consider buying a classic ferrari Scott?

The trouble with classic Ferraris is I can't afford the ones that I would really love to own. A full blown correction won't bring a 250 SWB  Comp or a 250 LM down to a price that I can afford.
If good 288 GTO's were at $800k I would definitely buy one.



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