Thread: Machines
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Old 06-21-2016, 08:54 AM   #52
Carruthers
Junior Master Dwellar
 
Join Date: Dec 2009
Location: Buckinghamshire UK
Posts: 3,157
Quote:
Originally Posted by xoxoxoBruce View Post
.......Some of these guys make money on these acquisitions as the auction prices climb into the stratosphere. But the prices are at risk of collapse at any time. As much as they tout the value of this or that car, the reality is it's worth not what you paid, but what someone is willing to pay you.
A few years back, so-called classic cars were seen as the next big thing in alternative investments.
The whole thing seemed to be built on sand as the cars were bought and sold within a small pool of investors aka 'mugs' and eventually the market, such as it was, seized up and many suffered severe financial loss.
I get the feeling that things are now back to normal, if you can use that word in this context, and it's now the domain of multi-millionaires once again.
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Last edited by Carruthers; 06-21-2016 at 10:14 AM. Reason: Too many to's. (Scuse apostrophe. Tos seemed wrong as well)
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