Thrown a bone

[permabear]

[quote=sd_matt]Despite being told that a classic car should be an emotional decision I can’t help thinking that it may be the equivalent to gold. But in this case classic cars are near the bottom of their market. Of course this is much more long-term and not nearly as liquid.[/quote]

Disclaimer: I’ve considered this too, but am not a classic car expert.

I think classic cars could do well over a long timeline. But, my guess is that over time only the really really rare ones keep their values. Each decade that passes, you lose the “nostalgia effect” of people that are still alive but fondly remember a certain car. On top of that, you have an increasing supply of “new” classics, eg, cars manufactured in the current time.

Right now, people in their 60’s can remember that old Camaro they had when they were in their 20’s. But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

So something that’s a true piece of Americana like a 50’s Chevy or a Gen 1 Camaro would probably do well, but likely only in mint condition. If I were going to do it, my strategy would be to buy a rare car and keep it in mint, stock condition, targeting the ultra-rich of the future, ala a Van Gogh painting.

Which means not driving it, which kinda kills the fun for me.

[zk]

[quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.

[zk]

[quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.

[zk]

[quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.

[zk]

[quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.

[zk]

[quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.

[Coronita]

[quote=zk][quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.[/quote]

Not true. I think there will always be a market for unique, limited run classics. Just go checkout Barrett Jackson auctions…

Personally, I’m not into classics, because cars are meant to be driven…And a true classic in my hands would get trashed…I prefer limited production high performance vehicles that can be driven…Trying to locate a Ur Quattro as a project car myself…. Garage space is an issue though..However, I figure I’ll deal with it if I can ever find one in the U.S. to begin with.

[Coronita]

[quote=zk][quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.[/quote]

Not true. I think there will always be a market for unique, limited run classics. Just go checkout Barrett Jackson auctions…

Personally, I’m not into classics, because cars are meant to be driven…And a true classic in my hands would get trashed…I prefer limited production high performance vehicles that can be driven…Trying to locate a Ur Quattro as a project car myself…. Garage space is an issue though..However, I figure I’ll deal with it if I can ever find one in the U.S. to begin with.

[Coronita]

[quote=zk][quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.[/quote]

Not true. I think there will always be a market for unique, limited run classics. Just go checkout Barrett Jackson auctions…

Personally, I’m not into classics, because cars are meant to be driven…And a true classic in my hands would get trashed…I prefer limited production high performance vehicles that can be driven…Trying to locate a Ur Quattro as a project car myself…. Garage space is an issue though..However, I figure I’ll deal with it if I can ever find one in the U.S. to begin with.

[Coronita]

[quote=zk][quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.[/quote]

Not true. I think there will always be a market for unique, limited run classics. Just go checkout Barrett Jackson auctions…

Personally, I’m not into classics, because cars are meant to be driven…And a true classic in my hands would get trashed…I prefer limited production high performance vehicles that can be driven…Trying to locate a Ur Quattro as a project car myself…. Garage space is an issue though..However, I figure I’ll deal with it if I can ever find one in the U.S. to begin with.

[Coronita]

[quote=zk][quote=permabear] But will today’s 20 somethings give a crap about a 1960’s Camaro in 2050? Probably not, except for esoteric millionaires.

[/quote]

I have a 1967 Firebird Convertible. I was driving it through the neighborhood the other day and some teenagers were standing around as I stopped at a stop sign. They said, “Is that a Gran Torino?”

For those who don’t know classic American muscle cars, those two are about as similar as a Fiat Spyder and a Mercedes S class. So, yes, probably today’s 20 somethings won’t give a crap about a ’60s Camaro in 2050. They won’t even know what it is.[/quote]

Not true. I think there will always be a market for unique, limited run classics. Just go checkout Barrett Jackson auctions…

Personally, I’m not into classics, because cars are meant to be driven…And a true classic in my hands would get trashed…I prefer limited production high performance vehicles that can be driven…Trying to locate a Ur Quattro as a project car myself…. Garage space is an issue though..However, I figure I’ll deal with it if I can ever find one in the U.S. to begin with.

[moneymaker]

I think the biggest problem we Americans are facing when trying to determine if this stock rally is short or long term is that we tend to think of our economy as “the economy”. Our unemployment might be bad and europes might suck but somewhere there are people producing things that are coming over here by the freighter load and being sold. That is why stocks can and are going up, because these companies are mostly international companies doing all this business. I too think the market is in a bubble, but if the fed can pull this off it might prove me wrong. My thoughts are just to try to control what I have control over, mainly refi into the lowest 15 year mortgage that has ever existed in the last 100 years,still waiting.

[moneymaker]

I think the biggest problem we Americans are facing when trying to determine if this stock rally is short or long term is that we tend to think of our economy as “the economy”. Our unemployment might be bad and europes might suck but somewhere there are people producing things that are coming over here by the freighter load and being sold. That is why stocks can and are going up, because these companies are mostly international companies doing all this business. I too think the market is in a bubble, but if the fed can pull this off it might prove me wrong. My thoughts are just to try to control what I have control over, mainly refi into the lowest 15 year mortgage that has ever existed in the last 100 years,still waiting.

[moneymaker]

I think the biggest problem we Americans are facing when trying to determine if this stock rally is short or long term is that we tend to think of our economy as “the economy”. Our unemployment might be bad and europes might suck but somewhere there are people producing things that are coming over here by the freighter load and being sold. That is why stocks can and are going up, because these companies are mostly international companies doing all this business. I too think the market is in a bubble, but if the fed can pull this off it might prove me wrong. My thoughts are just to try to control what I have control over, mainly refi into the lowest 15 year mortgage that has ever existed in the last 100 years,still waiting.

[moneymaker]

I think the biggest problem we Americans are facing when trying to determine if this stock rally is short or long term is that we tend to think of our economy as “the economy”. Our unemployment might be bad and europes might suck but somewhere there are people producing things that are coming over here by the freighter load and being sold. That is why stocks can and are going up, because these companies are mostly international companies doing all this business. I too think the market is in a bubble, but if the fed can pull this off it might prove me wrong. My thoughts are just to try to control what I have control over, mainly refi into the lowest 15 year mortgage that has ever existed in the last 100 years,still waiting.

[Author]

Posts