Quote:
Originally Posted by javadog
It won't unless it appreciates a bunch. Not something I'd bet on in the short term... The running costs will always be much higher and parts will become harder and harder to find.
You're talking about the LP400. They made all of 157 of those... the later cars haven't gone up much, if at all.
Compare that with 5000+ Ferraris and probably 4 times that number of 930's.
JR
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The relative rarity definitely means a lot, it's one of the factors that make a car valuable. But not all rare cars are collectible and not all collectible cars are rare. Ultimately, the cars that eventually appreciate in value are the ones that made a permanent impact on someone as a kid, and then later in life when they have money they finally buy one. At that point it's supply and demand with the rarest ones the most expensive but they all ride the tide on the way up. The Countach blew a lot of minds in the 70's and the Testarossa was right there with it in my faint little-kid memory.
That's why '57 Chevy's became so expensive when the guys that grew up lusting for one in '50's could finally afford a nice one. And then the '60's muscle cars and long hood 911's for all the 60 year old guys out there now. IMO we'll see the same for 70's and 80's and 90's iconic cars as those generations start getting old enough to raid their nest eggs.