Myself, I suck at market predictions and don't care too much. I'm an enthusiast and for me, I could take advantage of the market in either direction. I also see the value of elevated pricing, as it ensures interest, granted it takes some away from the those who kick tires and gives it to those who store and flip.
What I'd love to see is more on the road, I'm doing my part....
Also, my age, 57, and early retired, I have buying options that can either tax some of my time or make the most of it. Meaning, large items of luxury usually require long term residual costs, upkeep, security, storage, and insurance....all are negatives as I'm trying to focus my time.
So, if I had no classic cars at this time in my life, I'd be a buyer, no matter the market. But since I've got a few, I'm more about selling to better focus my time. That probably means selling a few then purchasing a "bucket list car".
My buddy just bought a '67 xke that he'd wanted since high school...hooray!! This may be an explanation to why the elite cars fare well during a bear market??
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07-28-2022, 03:06 PM
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