Ferrari Mailing List: Re: News...

[Brian E. Buxton (BrianBuxton]

I agree - I seriously doubt KM did or said anything wrong.  And I also 
agree that the muscle car market is seriously over inflated.  Sales have 
already slowed down at all of the auctions.  I think everyone that had 
stupid money to spend already bought what they wanted.  The shift in 
interest has already begun to luxury cars from the 50's.  Big fin cars, 
etc.  Even older, previously unloved Ferrari models (Boxers) have begun 
to rise in price.  All of the goof balls with 2M dollar Hemi 
Cudas/Challengers/Novas, etc. are going to lose their butts over the 
next year or so as the market corrects itself.  They may be $300K cars 
but a million or more for a body and interior that looks exactly like 
hundreds of thousands other base model Cudas/Challengers/Novas, etc. is 
crazy.  The engine and badging are what people are paying for.  And that 
is not enough to sustain "collector" status or pricing.

Brian



philville [at] dejazzd.com wrote:

> Personally, knowing some one of credibility who was with Keith a great portion 
> of the event, I think that BJ has their own problems and short fuses. I also 
> think (IMO) that the prices are going to start to fade and they wanted a short 
> term scape goat.
> But that as I said is JMO,
> Phil
> From: "Brian E. Buxton" <BrianBuxton [at] BuxtonMotorsports.com>
> Date: 2007/02/05 Mon PM 12:36:51 EST
> To: Phil Tegtmeier <philville [at] dejazzd.com>
> CC: The FerrariList <ferrari [at] ferrarilist.com>
> Subject: Re: [Ferrari] News...
>
> If his magazine could control the market that would be great!  But if he 
> did attempt to depress the market and buy a bunch of cars, where would 
> he find buyers to pay higher prices than his magazine claimed they were 
> worth in order to make a profit?  Was he going to store the cars for 5+ 
> years?
>
> Brian
>