Re: World Record Price for Yenko Camaro?
Joe,
I couldn't agree more. The "investors" are a VERY small minority of people buying these cars. Actually, I don't even consider them as part of "our" hobby. But I have to complain when a flurry of them "invade" us due to investment advice. Those few can artificially drive up prices by buying and selling among themsleves in a frenzy (they don't hold the cars for a long term gain - it's a quick turnover game for their kind) and as a result, "we" can get priced out of our own hobby in a hurry. They don't even have any understanding of the cars they buy. They're buying "commodities".
It reminds me of the people who walk up to you at a car show and the first thing they ask is, "what's this car worth"? My answer to that is, "A hell of a lot less than it would take to make me sell it"
Verne
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