There was discussion of this in a recent Sports Car Market mag (12/18) about investment vs. enjoyment of supercars. My take away was that a real car lover drives his vehicle and extracts maximum enjoyment in use of the tool, with the tool will just plop down a stack of cash and store away the investment until he tires of having it around, or acquired it for the sole purpose of flipping it for a quick buck. There are many example of flippers who paid at the peak of the market and now being stuck with something with diminished valuation because the poor car keeps being shopped around to auction after auction with no sales, and either came off BaT or ends up on BaT.
clay monroe > I turned my computer upside down and shook it, but the bookmark for what I'm > looking for didn't fall out. > On Feb 6, 2019, at 5:37 AM, Floyd Thursby via Mercedes > <mercedes@okiebenz.com> wrote: > > Guy buys a new Ferrari on 2001 for $176k, drives it 1000 miles in 18 years, > sits in a "private collection," now selling it. > > Cars like that need to be driven not parked in a garage. > > https://bringatrailer.com/listing/2001-ferrari-360-spider-6/ > > Oh well, it was his money... _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
