Re: World Record Price for Yenko Camaro?
To quote one of the sponsors on this site who makes a living selling these cars.....
Car collectors "are not just investors", Comer says. "These are people who are enjoying the return on their investment, but enjoying the cars even more." (end of quote)
.....Colin Comer from USA Today/Thursday, 5/8/05
I would align myself with Mr. Comer's thinking. The real financial risk (for those who care) in my opinion is the person who has a high % of their net worth tied up in these cars. Musclecar prices may go up or they may go down, no one has the crystal ball. Many of us may not have been "investors" when we originally purchased our car/s but when the prices go up 100% plus in the last few years all of a sudden we are labeled "investors". Hey, anytime you're dealing with $50,000 (pick your own amount) or significantly more most people have to consider the investment angle. It's the smart thing to do.
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