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amnusingly, next colum onver is an article by Keith Martin (of SCM):
IT’S NOT A BUBBLE, IT’S A WAVE
By: Keith Martin
So why are we so surprised when GT350s, worth $50,000 five years ago, routinely sell for $200,000? Or when Z/28s, worth $35,000 in 2003, go for $100,000?
A great deal of the increase in values is due to the fact that many collectors buying today were not in the hobby five years ago. They don’t have the historical perspective of what these cars were once worth; they only know what they are trading for today.
Funny !
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