Reply to "GT5-S prices"

quote:

Originally posted by 1Rocketship:

quote:

Originally posted by gilles027:
I am just realistic. I have seen this before so often. I don't mind if it happens but it does frequently.

190SL, too old, people that were young when these cars were en vogue are in their 90s now.
Same with porsche 356, has seen its best days.

The others? maybe an investment, maybe not.

No i don't have no countach for 150k but we will see this again.

Panteras are still sold for less then the new price 1972 if you figure out the loss of purchase power of the dollar from the 70s that exceeds 90%.
So I am not sky is falling, I am an opportunist, not more.

Dollar loss of purch power

With Porsche 356 speedsters in the $100,000+++ range as also the Mercedes 190SL, it ISN'T "old" people acquiring these cars but rather car enthusiasts of ALL ages.
Age is NOT a limiting factor for car appreciate nor acquisition.
I'm 58 years "young"...own 15 sportscars from a 1991 Ferrari Testarossa to a 1959 Austin Healey BN6. Have made money on EVERY car I own, some even tripling in value.

My 2 most recent purchases in the last month include a 1972 Lotus Elan Plus 2 & a 1959 MGA convertible. Both cars I fully believe has tremendous potential for appreciation!

Are there cars I believe are "Over Valued"?!...Most assuredly.

I'll use current Ferrari Dino prices as an example. Thus the reason, I would NOT be seeking a Ferrari Dino as an "investment".

I believe currently a well bought 1963 Corvette Split Window Coupe is an "Excellent Investment" as is a 1967 Corvette Coupe 427/435hp Tri-Power, 4 speed with factory sidepipes.

Blue Chip investments in my opinion...Your mileage may vary...Mark