All true. Also irrelevant.
There's a lot of economic theory involved but, essentially, an item is 'worth'
what people are willing to pay for it.
Apparently, people are willing to pay more for an 'M' than a 'stock' BN2.
Besides some limited application in
electronics, jewelery and some other areas, gold is useless--you can't eat it,
fuel your cars with it, etc. (and jewelry
is useless IMO)--yet its price keeps going up (yes, I understand the 'inflation
hedge' aspect). Apple products are
overpriced--everyone here in the Silicon Valley knows that--but people are
willing to stand in line and pay the price
anyway. I could go on.
Too bad there isn't a market for 'short selling' cars and other
collectibles--maybe that would offset the extravagant
prices. And, you could put the 'investors move elsewhere' prediction into
practice.
Bob
On 8/2/2011 12:52 AM, Derek Job wrote:
> Got to agree with Josef on this one.
>
> There really is very little special about a 100M, a few bits from the parts
> bin, it's a totally different animal to the 100S. The other concern I have
> is that today's market is driven by investors not enthusiasts. People with
> spare cash have nowhere to put it to secure a decent return so they have
> turned to classic cars. They will often buy anything that a Classic Car
> Investment Advisor (aka car dealer) tells them to.
>
> Far too much is being of the 'Factory' aspect of the 100M. It's a BN2 with a
> few extra bits and pieces that had already been made widely available to
> customers at an earlier date by the same manufacturer/dealer.
>
> When investors move elsewhere the prices will fall as Healey enthusiasts
> will not pay 150,000- 200,000 for a 100M. Im still staggered to think anyone
> would when you consider the range of very desirable classics you can get for
> that sort of money.
>
> Derek
>
>
> *******************************************************************
> Bob Spidell San Jose, CA bspidell at comcast.net
>
> *******************************************************************
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