Henri
Jedi Knight

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[ QUOTE ]
How do you think it will affect the hobby? a question asked by Reid ...
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Reid...something similar happened in the "stamp" collection hobby...investors got into the game...people who didn't know better...for a few years stamps when through the roof...prices went crazy...then the bottom fell out...a stamp was worth $3000 one day...was worth only $1500...and it would be hard to find a buyer now that would pay the $1500...
Not sure if the same would happen with cars...but I can see it happening...restored Healey's going for over 100K only to be worth half that in a few years when the idiots that pay that kind of money leave the arena...
I guess the only ones that will be hurt are those that bought high...
I too watched this auction on TV and was amazed at cars that supposedly had $65,000 worth of restoration done to them sell for half that? Or cars that sold as high as they did that had "rust" all over them...
Go figure?
How do you think it will affect the hobby? a question asked by Reid ...
[/ QUOTE ]
Reid...something similar happened in the "stamp" collection hobby...investors got into the game...people who didn't know better...for a few years stamps when through the roof...prices went crazy...then the bottom fell out...a stamp was worth $3000 one day...was worth only $1500...and it would be hard to find a buyer now that would pay the $1500...
Not sure if the same would happen with cars...but I can see it happening...restored Healey's going for over 100K only to be worth half that in a few years when the idiots that pay that kind of money leave the arena...
I guess the only ones that will be hurt are those that bought high...
I too watched this auction on TV and was amazed at cars that supposedly had $65,000 worth of restoration done to them sell for half that? Or cars that sold as high as they did that had "rust" all over them...
Go figure?