Do any of my fellow afflicted follow the car auctions? I jsut watched the Scottsdale auction and most of the cars were from the 60's and prices have retreated about 35% since the Zero was elected. In 2009 restored number matching big block '60 era Chevelles were in 90 to 100K neighborhood. Now same cars stretch to reach 65k. Big block Corvettes were 150k now bring about 100K. Early classics from the twenties have retreated even more. Cars from the 50's are also falling. But classic Ferrari's have shot way up. Any Ferrari less tahn 30 years old is treated like a used car. I saw a low mileage 360 Cabriolet go for 75K. The announcers said it was well bought.
What does this have to do with us? Well Parker prices are about the same or a little lower over the last 5 years. Our hobby has held up a little better than other classic pass times. I foresee a steady but small slope rise in prices in the next few years as Baby boomers finally retire to other pursuits.
The Gen x are just getting into their accumulation years with the Y's behind them. I see the big jump happening with the Millennial's as they are more likely to discern and appreciate real things versus the fad toy of the minute that they have been raised on their entire lives. This sort of explains the Steam Punk genre. Real iron, wood and leather you can grasp with your hands. The future is ok and does anyone want to buy some beenie baby's?
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Spin Drift
War Damn Eagle
Molon Labe
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