Just got back from the bank who I work for as a consultant. One of their customers, an acquaintance of mine, had his Mustang there. It's for sale. Price - $200,000.
It's a 1966 Shelby GT350H (Hertz) in candle apple red, all original, with 60,000 miles on it. Yes, it's a real one, not a repro. Not a scratch anywhere. I dunno.......
suprz wrote: I have watched the Barrett Jackson auctions on tv and i am always amazed at the prices and the disposable incomes some people have!
A person can be intelligent and still have no common sense. Being intelligent can make you rich. Having no common sense lets you buy a car for $200,000.
Why do people pay to go up tall buildings and then put money in binoculars to look at things on the ground?
suprz wrote: I have watched the Barrett Jackson auctions on tv and i am always amazed at the prices and the disposable incomes some people have!
A person can be intelligent and still have no common sense. Being intelligent can make you rich. Having no common sense lets you buy a car for $200,000.
And calling someone dense because of how or what they spend "their own" money on is "good" common sense in what way?
In my world a person who buys something for $200,000.00 and sells it 2 or 3 years later for double or triple the amount they paid, is called a great investor/business person!
suprz wrote: I have watched the Barrett Jackson auctions on tv and i am always amazed at the prices and the disposable incomes some people have!
A person can be intelligent and still have no common sense. Being intelligent can make you rich. Having no common sense lets you buy a car for $200,000.
excuse me? Like art, certain vehicles are investments. You may not be knowledgeable in the fine art of collectible automobiles but that does not make them any less collectible, nor profitable
"The great challenge of adulthood is holding on to your idealism after you lose your innocence."
– Bruce Springsteen
suprz wrote: I have watched the Barrett Jackson auctions on tv and i am always amazed at the prices and the disposable incomes some people have!
A person can be intelligent and still have no common sense. Being intelligent can make you rich. Having no common sense lets you buy a car for $200,000.
And calling someone dense because of how or what they spend "their own" money on is "good" common sense in what way?
In my world a person who buys something for $200,000.00 and sells it 2 or 3 years later for double or triple the amount they paid, is called a great investor/business person!
suprz wrote: I have watched the Barrett Jackson auctions on tv and i am always amazed at the prices and the disposable incomes some people have!
I'm a car and motorcycle buff, but I have to say I shake my head in wonderment when I see some of the prices these vehicles go for at some auctions. The auctions have lots of hype and when the bidding is so competitive...some bidders I think, actually forget what they're bidding for, just get caught up in the super heated bidding.
There's no doubt that the vehicles at these auctions are in great shape, sometimes in better shape than when they rolled out of the factory with 0.5 miles on the odometer.
I know why enthusiasts want these old vehicles...for some it's the vehicle they wanted when they were younger, but couldn't get for one reason or another.
Or maybe they had one, sold it and regretted unloading it. All sorts of reasons...but good, honest, passionate reasons.
Unlike non enthusiast speculators that buy a '66 Hertz Mustang for the sole reason that they can turnover at a huge profit, in maybe 2-3 years.
To them it's just the same as hog belly futures. No passion, no yearning....no nothing.... except pure dollar signs.
Unfortunately, they can tend to ruin it for the average guy who wants a '66 Hertz Mustang to restore, drive, really appreciate it for what it was...a limited production high performance car from yore.
The price has shot up so much for many older high performance. partially as a result of speculators 'discovering' this niche investment, that it has made it almost nigh impossible for many, real enthusiasts to afford the vehicle of their dreams.
Speculators buy and sell just about every thing in this world. I don't have any difficulties in someone turning over a good buck, but I sometimes wonder how much we, the average consumer end up indirectly, paying more for just about everything, as a result of their wheeling and dealing.
We'll never know, but I would say it's considerable.
If it was originally red, the car is pretty rare, as the majority of the Hertz cars were black with Gold dtripes. Rare color combinations backed up by serial number verification, add a lot of value.
suprz wrote: I have watched the Barrett Jackson auctions on tv and i am always amazed at the prices and the disposable incomes some people have!
A person can be intelligent and still have no common sense. Being intelligent can make you rich. Having no common sense lets you buy a car for $200,000.
And calling someone dense because of how or what they spend "their own" money on is "good" common sense in what way?
In my world a person who buys something for $200,000.00 and sells it 2 or 3 years later for double or triple the amount they paid, is called a great investor/business person!
Rick
You're right. That $200k Mustang is only going to go up in value. Unlike my Class A DP which is depreciating by the day. I didn't pay $200k, but it was close.
2004 National Tropi-Cal T-350, Class A, Triple slide, 330 HP Cat DP. 2006 Dodge Dakota 4x4 or
2002 Harley FLSTF Fat Boy on a Trailer or
2004 Polaris Quad on the Trailer
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