As you have so eloquently pointed out many times now, well since 2007 people have been saying the collector car market has bottomed out & these guys with multi-million $$$$ collections, museums or high end beautiful "rarer or low production #'s cars" are always rotating their collections, they always have & always will... I think it's all just speculations period, there was easy money to be had or borrowed or available before the wall street & bank bail outs late 2007-2009, now there isn't easy money to be had or borrowed now, people don't have a ton of equity in their homes now to borrow against either, that was a big part of the car boom was easy money to be had, people that couldn't really afford these cars were, buying & spending borrowed money, to try to catch the wave of $$$$ in the collector cars boom & the market is down now & it will come back again... IMHFO the market was way overinflated & now it's finding an economic normal again, like any investment will do from time to time, it will be a rollercoaster ride yet again, too many people spending way too much money, trying to capitalize on a market high, then paying someone else, "big money to restore these cars" instead of doing themselves as a hobby like the rest of the people that can't ever afford these high end, rare or high dollar cars anyway... IMHFO it also spawned a large part of the SEMA & market, many fab & production companies/shops, retailers etc., to recognize we needed restoration parts, for these old collector/classic cars, there was a market for them... And that's a good-good situation to me, even if the new restoration parts, are way overpriced normally, at least some of them, they are available now.... Instead of like 10-20 years ago where you had to buy several cars for parts cars instead, dwindling the classic car pool even that much more, taking more restorable cars off the market to be used as parts cars... Most of these cars wouldn't even be around today if not for the auction houses & the collector markets, driving the boom, they wouldn't have the value & most people wouldn't have given most of these cars a second look, especially as an investment, with out a market place like Mecum BJ or RM auctions to sell their wares, cars, products, services at a captured affluent audience with lots of $$$$$ money... Just the ubber-rich playing with money, like they always do, no more no less, this round was just the ubber-rich car people instead of some other speculation like real-estate or some other market share driven investment.... my $0.02 cents
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also we're in the middle of the allot of "Baby Boomer's" all retiring & having more time & discretionary spending money.... the market will come back with all the guys/gals, with their new late life "mid life crisis's", trying to relive their youth, buying that car they got 1st laid in or what ever reasoning....LOL...
