Collector Car Market – The Beginning of The End?

[Kris Clewell]

ranting is hard work.

[Silverbullit]

Poor miserable sod probably owns neither an early Porsche or Ferrari…..

For a more "refreshing" viewpoint:

http://editorial.autos.msn.com/dolla...sold?icid=5868

[fromage]

saw some high sell estimates in the mid to high six figures... there is a lot of new wealth out there that is looking for a new home... the Fed is printing 75 B a month with absolutely nothing behind it... diminishing the value of currency daily...

I have a '69T, only owner from new, build date of spring 68, numbers matching, all original unmolested in any way, well maintained, NO rust anywhere at any time, nothing to restore, Fuchs, 5 speed, Webbers, Tool Roll, invoices, ready for photo op or drive... not ready to sell, where does this get slotted, after witnessing the big money spent (Gooding offered one at 400,000 to 500,000 among similar offers ) in recent auctions and the ridiculous amounts spent on bent up piles of rust

[Kris Clewell]

I'm yet to see the inflation associated with the fed printing money. Not like I was promised I would anyways...

[sithot]

"The world has created more multi-millionaires than it has really good Ferraris," Hagerty said.

And BS production has kept up nicely as well.

©Tom

[NorthernThrux]

Current (2013) value of KNOWN oil and gas resources on US Government land on and offshore. $128 TRILLION. About 8 times the current debt. Plus $22.5 Trillion in coal in the lower 48.

And I thought the Canadian dollar was a petrocurrency. It pales in comparison.

I'm thinking the Treasury will keep printing money for some time to come.

Drill baby drill.

[Jim Garfield]

I understand why people write stuff like this...they want the attention. What I don't understand is why people like to READ stuff like this.

I think the same thing might have been said about Hans Christian Andersen's "The Emperor's New Clothes". Which of De Lorenzo's points do you take exception to?

[Frankr]

I think the same thing might have been said about Hans Christian Andersen's "The Emperor's New Clothes". Which of De Lorenzo's points do you take exception to?

He dislikes people with more money or fewer teeth than him. Not exactly rocket science.

[Nine17]

If you think Peter is tough on Monterey you ought to read what he has to say about NASCAR.

I've been reading Auto Extremist for years, and I agree with pretty much everything Peter De Lorenzo says in his Monterey rant. Thanks for reminding me to read his column this week. He's the son of the son of a sailor...

-- David

[Jim Garfield]

I've been reading Auto Extremist for years, and I agree with pretty much everything Peter De Lorenzo says in his Monterey rant. Thanks for reminding me to read his column this week. He's the son of the son of a sailor...

-- David

I agree, and that is what I was trying to get at in an admittedly obtuse way - why shoot the guy who is telling you the emperor has no clothes?

I used to see Peter and his brother Tony at the Waterford Hills sports car track in Michigan in the 60s when Tony was racing a skunk works Corvette in A Production. Peter's been around for a while and understands the car industry like few others. His rants usually hit pretty close to the mark in my opinion.