Ferrari Mailing List: Re: 512TR and 308 values in general...

[Erik Nielsen (judge4re]

"The invisible hand of Adam Smith seems to offer an extended middle finger to an awful lot of people"---George Carlin

Sent from my iPad

On May 2, 2015, at 11:06 AM, Larry Bard <larrybard [at] hotmail.com> wrote:

I reacted in almost exactly the same way.  Wonderful quote.  But I think it originated (worded slightly differently) with the brilliant George Carlin.

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From: newgent2tx [at] gmail.com
Date: Sat, 2 May 2015 11:33:26 -0400
Subject: Re: [Ferrari] 512TR and 308 values in general...
CC: ferrari [at] ferrarilist.com
To: larrybard [at] hotmail.com

"While the market moves with its invisible hand, its middle finger is almost always extended to an uninformed buyer." 

That is definitely the quote of the day! That might just have to go on a coffee mug. LOL

On Sat, May 2, 2015 at 10:44 AM, John Ashburne via Ferrari <ferrari [at] ferrarilist.com> wrote:

We all know that Rick gets as much or even more enjoyment from working on his cars as he does driving them. There is something to be said for being able to enjoy a car whether it is in pieces or all put together!

John

Sent from my ATT Bell Rotary Dial Phone

On May 2, 2015, at 9:36 AM, Larry Bard <larrybard [at] hotmail.com> wrote:

Well said.

Still, for those owners -- relatively few, I hope -- who purchase primarily or solely as an investment, in the hope of future appreciation: what a shame, having such a beautiful (well, some of them; but in their eyes . . .), well performing (some) car that is an unused garage queen.  (Again, I'm talking about those that are purchased for investment, not for admiration by the owner; we all can think of models that we'd love to park in our living rooms, so we don't have to occasionally visit our garages to admire.)

It's like having beautiful art, purchased solely for investment, and keeping it in storage, out of sight of even the owner.  Pity.

But, yeah, they are entitled to do whatever they want with their money, and what they do with it.  But what's the point if they neither drive it regularly nor derive great value (at least in their eyes) from enjoying it visually?

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Date: Sat, 2 May 2015 07:41:18 -0500
From: richardolindsay [at] gmail.com
Subject: Re: [Ferrari] 512TR and 308 values in general...
CC: ferrari [at] ferrarilist.com
To: larrybard [at] hotmail.com

There are more reasons, and valid reasons, to own a Ferrari or Dino, than, "...drive the wheels off of it..."

First of all, 'why' one owns the car is personal and it doesn't matter one bit why. If I want to spend every day on the track at redline, that's my business. If I want a blue blazer at Pebble Beach, that's my business. This justification attitude smacks of the complaints about 'one-percenters'. That's just envy. Who should give a damn about what others have or why they own this Ferrari or that, or why they own it?!

I own two Ferraris and rarely drive either one of them. They still have wheels on them, and I enjoy them very much...driving or sitting pretty in the garage. 

Second, what one pays for a Ferrari, or even what one sells one for, is also personal. Assuming otherwise is price fixing! These cars are bought and sold with discretionary money, not grocery money. BTW, just HAVING discretionary money is a sin to socialists (and anyone having two cents less than you). Greed and envy are ugly things but unfortunately, they drive the free market. Greed says, "I want it all...", and envy says, "...and I don't want you to have any." Yea, capitalism is ugly...but its the only system that works. And it works because its based upon Natural Selection.

So I own 10 cars, including two Ferraris, because I want to own them, including the two Ferraris. Why is of no concern to others. The fact that prices are climbing is not a Ferrari thing. Its a sports car thing, especially older sports cars. Take a look at TR3s or E-Types. All of these cars are a finite supply market and discretionary cash is increasing. (Not because of Obama but rather, in spite of him!)

So what's my 308GTB worth, or my Testarossa, or E-Type, or... Who knows?! But they are worth far more today than I paid for them. Then again, I think there is something to what Erik says. His point is that the cars are not worth more, the dollar is worth less. In reality, neither end-member is completely correct. Its just a fickle market driven by emotion rather than rational thought. Drive the wheels off it, or polish it in the living room, doesn't matter. They're wonderful either way.

Whew! Goofy morning.

-rick

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