Re: Article about Classic Cars dropping in Value

Posted by Tim Cole On 2021/6/7 15:21:24

Yep, those Duesenbergs are becoming affordable again. Years ago I went to the national coin show in NYC because it was an easy stroll from my apartment. I saw a rare bellweather MS 65 coin selling for five figures. I didn't want to pay the fat NYC sales tax (I would have handed over my American Express card otherwise) so I asked to go to their store instead. As usual they figured I was some bum and didn't think I was capable. Turns out they did me a favor as the thing hasn't gone up one lick in decades.

For the old cars, we have passed peak oil and the desirability of gas guzzling old cars has no where to go but down. I might consider an old Austin with the 948cc engine only because it has gear whine like an old Packard. There are so many negatives on the technical side such as what do you do when the distributor tests good and the dwell still floats around and the car is overheating? In a Duesy that is a huge problem.

But who knows?, when a stupid football card that can be reproduced in China by the billions sells for $4 million dollars there are some serious loose screws in the human brain.