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#11
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Advance your portfolio…tangible asset…short fall from the investment…grow in value…growth assets.
Not picking on you Roy, but buyers who think like this pushed enthusiasts out of the market a long time ago. Maybe they are getting their comeuppance. I remember when enthusiasts bought cars they wanted and could afford them. Craig Jackson writes an editorial "View From The Block" that appears on line and in each event catalog. He has clearly stated their position on the future of the collector car hobby. "The trends we saw so clearly in Scottsdale continued to fire up bidders in Florida, with nine of the top 10 sales falling into the hot categories of Resto-Mods, contemporary supercars, ’80s and ’90s vehicles, and classic trucks and SUVs." |
#12
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I agree with William - I've never viewed my cars as "investments". They are my hobby & I get a lot of enjoyment out of restoring, driving, and displaying them. I refuse to build more storage, so some have to go when I find new ones to restore. Hopefully, they are worth more when I sell them than I have invested in them - but it doesn't always work out that way (especially when I factor in my "free" labor). For me, they are a way to "park" money that is invested in enjoyment and quality of life.
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#13
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I think the reality is boomers are the one's who drove this market for years,they are declining in numbers through death or immobility. Lot's of large collections liquidating last decade or so, pedigree cars will always command a premium but can't see a resurgence any time soon as younger people just don't identify with these. They are already a half century old, and there are some amazing contemporary cars out there now. Agree with CL the BM cars never held the cache' of line built supercars, but the trend is not our freind to coin a stock trading term.JMHO
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#14
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No argument from me, just what I feel and see. The disposable income is not buying collector cars. The dot com money is in the rest-o-mods and they are nothing more than current day hot rods of yesteryear.
None of us got in the Hobby for the money, your right. But don’t ever doubt the prices were not driven by the money and in some cases greed. My initial response was to a comment that the Baldwin motion cars seemed soft. I think all collector cars are soft except for the very top shelf and even those don’t seem to have buyers. So maybe the owners are getting theirs as you wish.
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Roy Sinor ENJOY LIFE NOW........IT DOES HAVE AN EXPIRATION DATE, SO...... LIVE WELL, LOVE MUCH, LAUGH OFTEN Sinor Prestige Automobiles Inc. 9575 N 177th E. Ave. Owasso, OK 74055 918-361-6424 cell [email protected] www.sinorprestigeauto.com Last edited by rsinor; 08-08-2019 at 02:12 AM. |
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#15
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Younger guys in the hobby will have their pick of cars soon enough.
Supply and demand will be out of balance with every year passing. New cars knocking on 1,000 horse, doesn't help. I wonder if 4 speed cars will be harder to sell than autos in 15-20 years? |
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#16
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Lee Stewart (08-08-2019) |
#17
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Anyone on here buy my old 69T/A with the RA V engine in it?Tom
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#18
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Road to 2030: Buyers are moving into driver’s seat at collector car auctions
We have gone through a period of time where the auction companies, which for lack of a better term have largely been car dealers who have gotten into auctions, have been telling everyone else what cars are worth. I think there’s going to be a significant shift, a shift toward people and authenticity. I think we’re already seeing that shift, a shift to where people — collectors and buyers — will be put back into the driver’s seat and the auctioneers are going to take what I believe is an appropriate role, that of more of a guide rather than telling people what to do, which happens through such things as pre-auction estimated values. At Worldwide Auctioneers, we have eliminated printed auction estimates. It’s my opinion that the origin of estimates is not what people think it is. Such estimates cause problems, unrealistic expectations. Bidders and buyers should get to decide what something is worth in an auction format. That’s going to be one of the biggest shifts, power going to the collector and the buyer, and that’s what I think auctions should be. We should be helping and guiding the collector buyers. We also need to remember this is a hobby business. Regardless of how many millions or billions of dollars are transacted in our industry, it’s not like a normal business. This is a hobby. The people stroking the checks — the bidders and the buyers — are going to be increasingly in the driver’s seat. Quote:
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#19
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The collector car equity funds may change things
I don't think they got into American cars yet as the asset lists show mostly foreign cars https://www.bloomberg.com/news/featu...a-share-for-80 |
#20
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Quote:
" the Camaro was not Baldwin-Motion and was built by a mechanic who worked at Motion for himself, copying Baldwin-Motion mods. It's not a car that was sold by Motion or Baldwin Chevrolet." Martyn Schorr |
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