quote:"they become too valuable to drive for many of the people that purchased them for exactly that." The unfortunate result is beautiful cars end up in museums not on roads.
A local fellow who imported Panteras 'back in the day', sold his LeMans winning GT40 a couple years ago and (to my amazement)shared his reason/s for selling it with me.
He told me that he'd raced the car for about 5 yrs. when he'd first gotten it, but then decided it was too valuable to take those kinds of chances with. Then every year, someone would make him an offer, and they always kept going up.
Toward the end, he found that he couldn't sleep at night if there was bad weather predicted or the car was out at a show, etc.
He also was not growing any younger, and the market for that car was really small. He knew that if he died, the IRS would come around wanting their share pronto, and that his family would be forced to sell the car. The few people who could afford the car would realize it was a 'fire sale' and would offer them less for it.
To me, those seemed like relevant thoughts about the "value" of a vehicle. When I first bought my car, I drove it like it was stolen. Now I'm a lot more respectful of the old girl.
I won't know what my car is truly worth until I sell it. At that time, I'll undoubtedly want it to be worth as much as possible.
Until then, I hope I it doesn't appreciate so dramatically that I can't bring myself to drive it. I didn't buy it to decorate my garage.