Is it just me or have classic car prices peaked again? It seems like 2 or
3
years ago I posted something to the list about how some Morgans had become
available for under $10,000 and some Lotus Elan +2 driver's were dipping under
$10K again. Now looking at bringatrailer.com or the Hemmings E-newletter I am
shocked and dismayed by the asking prices of barn finds and restoration
projects. Italian cars seem to be especially hyped. Morris Minor Travelers
(little woody wagons) seem to be heading towards $20K for good ones. Porsche
356's are ridiculous as are earlier 911's. Even old VW bugs seem to be going
up.
Maybe it is just inflation.
I recently looked at a series 2 Jaguar E-type coupe for $10K. It had been
rear-ended and poorly repaired (the whole shell was tweaked) and I passed.
It seems to me that a TR3 or MGB is still the most bang for the buck out
there.
FWIW - miscellaneous ramblings from my desk at work.
Bill in Tehachapi
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