Barrett Jackson Scottsdale

[AMoore]

ccm911 wrote:

STEVEMCMORN wrote:

YES.

Things are worth what people are prepared to pay. BJ is a no reserve auction .... so if people are paying those prices, that's what they are worth!

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I completely respect what you are saying, but there is one factor not discussed. If I am to buy a car for $100K, then it would not be unreasonable to expect the transaction to be viewed as an "investment". And while I agree that the worth of an object is based on what the market may bear, my conservative nature dictates that I worry more about what the value would be in five or ten years down the road. Which I think in the case of Muscle Cars, would be significantly less.

And as for car buyers versus art buyers....have you ever seen as many mullets and overall poorly dressed folks like the BJ crowd at an art auction?



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[/quote]Although the muscle car market has slipped in the past couple years, I'd take that investment over the market any day. First, muscle cars increase in value more, second, they are a lot more fun.

If they can afford 100K collector cars, I seriously doubt that they are your average WT crowd.