Reply to "High Dollar Pantera market heats up..."

Maybe each persons perspective depends on why he/she owns the car(s); I.e. if they are investments, (Sharkey can be considered a short term investor) then yes the investor will be happy they appreciate and provide a good return.

I would be willing to bet that most Pantera owners are not in that category, they own them to enjoy them and as such the valuation increase is a double edged sword, at some point they become too valuable to drive for many of the people that purchased them for exactly that.

I've said it before but IMO there is also a bit of a bubble being created here, investors who see the stock market swings as more risky than old cars! Everything is worth what someone is willing to pay on the day, but do you honestly believe that your Testarossa as an auto is worth what it might fetch today? Would you buy it at today's market value?

It's easy to quote a few high $ sales and portray Pantera's are all worth that, but a statistically a valid cross section of sales is required to support what prices generally are, for every $125K sale I can point you to a $40K sale, what does that say? To me it speaks to the success of auction houses in being able to liquor up some rich guys and part them with their money, not that I have any problem with that!