on a micro scale maybe, in terms of certain rare colors/specs of already desirable cars, but on a macro scale, not necessarily. There are hundreds if not thousands of one-off makes/models that failed that reside in museums (like the Lane Museum) or collections that, while an interesting piece of automotive history, are worth little to nothing compared to a PTS Porsche 911.
These buyers are selfish and don't understand generational weather. My 57;Belair that was my Grandmother's and my 69 DZ302 Camaro that was my Father's are worth more. And will go to my Son who will chose which Grandchild will get them.
Being worth more doesn't make them good investments. Their value increase has to outpace inflation, storage, insurance, upkeep, etc., to not be an actual loss, and has to outpace competitive investments to not be a loss in terms of opportunity cost.
Yeah man, that’s what the Rockefellers and Vanderbilts have been doing. Passing down pieces of metal that have to be properly stored, insured, and maintained to preserve their value. This is objectively one of the worst ways to pass along wealth to the next generations.
My toy vehicles are all "rescues", so I'm a member of the "Built not Bought" club. And all of them are worth at least 2x what I have in them.
Isn't it the cars that no one wanted that end up going up the most? .... because there aren't many of them on the road.
on a micro scale maybe, in terms of certain rare colors/specs of already desirable cars, but on a macro scale, not necessarily. There are hundreds if not thousands of one-off makes/models that failed that reside in museums (like the Lane Museum) or collections that, while an interesting piece of automotive history, are worth little to nothing compared to a PTS Porsche 911.
1000% true. Great episode
These buyers are selfish and don't understand generational weather. My 57;Belair that was my Grandmother's and my 69 DZ302 Camaro that was my Father's are worth more. And will go to my Son who will chose which Grandchild will get them.
Being worth more doesn't make them good investments. Their value increase has to outpace inflation, storage, insurance, upkeep, etc., to not be an actual loss, and has to outpace competitive investments to not be a loss in terms of opportunity cost.
Yeah man, that’s what the Rockefellers and Vanderbilts have been doing. Passing down pieces of metal that have to be properly stored, insured, and maintained to preserve their value. This is objectively one of the worst ways to pass along wealth to the next generations.