Machines

[xoxoxoBruce]

Although it has some historical significance and would be a good Museum piece, to who ever buys and restores the car it will be a trophy, a display of wealth, and a step up the social standing ladder in the small circle of high end collectors. 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.

[Carruthers]

Originally Posted by xoxoxoBruce

.......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.

[xoxoxoBruce]

I think you're right although there are a lot more millionaires than ever. At a lower level, guys who's kids are out of college and daughter's weddings are paid for, want to own a car that they wanted/had that was cool when they were in high school. So the prices seem to ebb and flow along a timeline about 30 years behind that demographic except for a few milestone cars that are always popular like the '57 Chevy, or '65 Mustang.

[xoxoxoBruce]

I can't even...

[xoxoxoBruce]

There's Fageol again in 1922...

[xoxoxoBruce]

A Jeep Liberty on fire. Watch what happens when the water hits the hot magnesium transfer case at 1:10.

[xoxoxoBruce]

This shows the operation of a steam powered machine shop. It's 30 minutes long but the steam supply is at the beginning, then various machines in action. I salvaged a pulley and pilliowblock shaft system out of a shop that was powered by a 5hp electric motor.