I put these in the same class as very expensive cars with low miles on them. Why would you pay a lot extra to get a car with almost no miles? The value is in the low mileage, meaning you can't drive it. No thanks.
Agreed! Those Pinto Squires we're cool with the wood grain sides...Pinto's we're also very popular in SCCA racing. They did not deserve the press that they recieved but, who does?
I bought two new Pintos in 1973...a yellow hatch-back with A/C and 4-speed and for my wife, a mustard-colored (what an ugly color) Squire with A/C and auto-trans. Both Pintos out-the-dealer-door were right at $6,000 w/tax and license. They were actually great cars. Although, the automatic transmission Squire, at best, got 18 mpg. The 4-speed hatch-back did much better at 25 mpg...
Yes, they are great cars. I owned several 79 and 80's. They were great in the snow. Still love the 2.3L 4 bangers great motors. Sad only place I see them now is the drag strip.
Right you are. Easy come, easy go to most of these characters. There are no million-dollar cars. Only million-dollar fools.
I know an uber rich fellow, nice guy, but his family had assets, and he merely rode the booming real estate market since 1970. On his third Duesenberg, but uses a butter knife as a screwdriver, and couldn't begin to tell you why a Duesenberg is night and day better than a concurrent Chrysler Imperial or Stutz DV32.
Such folk have a right to enjoy as they will. But the rest of us retain the right to roll our eyes. Traditionally in England and the US, the middle and upper-middle class have been better, more broadly educated than the upper crust.
This extends to automobilia, too.
You've seen this, or heard or assume it? Perhaps it's like Katharine Hepburn telling an interviewer she "cleaned her own windows."
To his credit, his Leno's Garages are often interesting, well done, he about as genuine a gear head as imaginable, his tribute to Phil Hill, previous owner of his '32 Packard Twin Six coupe, a class act. Leno's columns in Hagerty Magazine refreshingly thoughtful and ranging. Better still, Leno appreciates old, even ancient cars, the sort Hagerty ignores, while not living in the past nor sneering at environmentalists, which many of us, like Hemmings Motor News' late publisher and arborist, Terry Ehrich, were and are.
Too bad it took 25 years of OJ, Michael Jackson nose job, Bill and Monica jokes to pay for the collection.
It's cheap filler that appeals to the masses, and Hagerty is preparing for a future competing against State Farm, Liberty Mutual, Geico, Farmers, USAA, Allstate insuring EVs, while placating i.c. fans with fluff like the above.
Actually, for 150K to 789K over 22 years, the annualized return is less than 8% after compounding the return. I know you were comparing gross percentages, but that inflates everything. For the AAPL example, the annualized return is about 29%, which is still a whole lot better than 8%, which as you said, does not include insurance, storage, maintenance and for the big boys, security.