Ferrari Mailing List: Re: Good article on Classic Car Bubble

[clyderomerof4 (clyderomerof4]

Uh yea that's what I've been saying all along the new generation could care less about all this high priced old  shit 

It's old money that running around with its head cut off doing the crazy buying at the auctions 

You don't see any young people at the auctions 

There all my age trying to relive there youth 

And it's even starting to show in the art market where prices are down as well

Sotheby's took a huge hit last quarter with its sales 

People with money, that is new money are starting to wake up

Pay what $45 million for some scribbling on a canvas that someone said is all that!

Please 

I am watching this new found surge in pricing on the 550/575 at the $150k mark

What a fucking joke that is 

And parts are always going to be an issue 

Unless you have a CNC machine and someone to run it

Those who will buy at that price might as well go to Vegas !

The odds are better 

New money wants cars that work and have a/c and good brakes and a good sound system

Not a Ferrari GTO without seat belts and no air bag and no where to put the car seat!

You had better buy it because you like it because you can't eat it!

Gotta go 

See all of you In Montreal 

In victory you deserve Champagne

In defeat you need it!

     

Scars are Tattoos with better stories !

If you follow all the rules

You miss all the fun! 

If you have no enemies, you have no character !

Clyde Romero    

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On May 13, 2016, at 12:51 AM, Peter Rychel <dino308gt4 [at] hotmail.com> wrote:

It'll be 16 years for me this July (308 GT4).

Peter

P.S. As an example in regards to the R&T article, a co-worker who is ten years younger than me (making him at the tail end of Gen X and the beginning of Millenials), when we were on the subject of sky-high prices at lunch time at work, pointed to a $300K+ price achieved for a 330 GT 2+2 at an auction said: "who the hell would pay that much for that ugly piece of s***?" There are A LOT of people his age that don't give a sweet damn about these old cars that I/we treasure... A LOT of people... And he's a car-guy through and through (into Japanese stuff. FD RX-7, Toyota Corrolla SR-5, etc. Probably has owned 30, 40 cars. In the midst of doing a Ford Coyote V-8 conversion of an RX-7).

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From: Ferrari <ferrari-bounces+dino308gt4=hotmail.com [at] ferrarilist.com> on behalf of Erik Nielsen <judge4re [at] gmail.com>
Sent: May 12, 2016 3:46 PM
To: PeterGT4
Cc: The FerrariList
Subject: Re: [Ferrari] Good article on Classic Car Bubble

 

Geez, and here I'll have my 365 for 19 years this fall...

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From: Gary Reed
Sent: ‎5/‎12/‎2016 5:22 PM
To: Erik Nielsen
Cc: The FerrariList
Subject: Re: [Ferrari] Good article on Classic Car Bubble



Good article.

 

Michael Sheehan's article about "The Generaltional Shift" is a good one

too, if you haven't already seen it.   https://www.ferraris-online.com/pages/article.php?reqart=FOC_201604_SS

 

 

Gary

 

PS: My 2000 550 Maranello is going to be for sale soon.

I've had it for eight years and I think it's time to move on.

 

 

----- Original Message -----

From: Fellippe Galletta

To: Gary Reed

Cc: The FerrariList

Sent: Thursday, May 12, 2016 2:58 PM

Subject: [Ferrari] Good article on Classic Car Bubble

http://www.roadandtrack.com/car-culture/news/a29126/classic-car-bubble-jack-baruth/

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