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I can't see this as a bubble popping for anything more than the very high end - as collector car markets have done for quite some time. The lower end of the scale flattens, and values remain constant for a period of time. I think much of that has to do with the fact that folks that own these cars don't really *need* to sell them when economic conditions turn down. What happens is that they go into storage. Most come out at the end of the downturn, and the owners enjoy them some more. Some few stay in storage for whatever reason. The future "barn finds". But even under the last recession, the prices really didn't drop much. Even longhoods had a fairly stable run for a few years. But folks who buy right now aren't going to turn around and sell this coming fall at a 33% loss unless something else dire is happening in their lives. And that's not a bubble popping, that's just the way life it.
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