Quote:
Originally Posted by sugarwood
You clearly lack the most basic understanding of what drives collectible investing.
It has nothing to do with tangible features, benefits, or utility.
Want a fast car? Get a Camaro.
Do you understand why people pay $80,000,000 for a painting?
It's not because of the $5 worth of paint.
Anyone paying $200k for a car will not be driving it. Ever.
It will be trailed into a storage facility and then trailered to the next auction 5 years from now to be sold.
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You are right on till the last sentence, Which I believe is total nonsense.
Many care makers Ferrari, Lamborghini, Mercedes, even Porsche sell new cars for over $200,000 every day, 1,000's of them. People buy them to use as fun, unique, exotic transportation.
There are also many used cars that sell for over $200,000 that are used the same way. Dynamic art.
As for other comments in this thread that expensive cars or bought to flaunt wealth?
Silly narrow minded concept, maybe some people do that.
Most people I know who made real money, are very self confident people. Self made people usually do not feel a need to try to impress strangers with flashy objects they bought to feel good about themselves, it is actually the opposite they buy things they want and like and try to keep a low profile in public.
So 911S is kind of the right tool for the job, it looks like a cheap car to 99% of the public even to people here as the OP pointed out comparing it to a 912.
So if you already have a selection of new Porsches, in the garage why not add an old 911S to bop around in, it certainly will draw less attention than the Carrera GT or Ferrari 458.