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The buzz was the same.
The one advantage of getting older (I was 27 when the crash started) is that you were around when it happened and see the same signs again.
The increase actually started after the market crash of 1987. People looked for tangible assets to put their money into instead of holding paper. Another contributor was Enzo's death. The Enzo era Ferraris' were being sold on nostalgia. Ferrari dealers were asking (and in many cases getting) $100K over sticker
So, when the crash started as we entered a recession, it wasn't instant. However, it was steady and quick. The first indicator was slower or non-existent sales of the big dollar cars. That was followed very quickly by a pretty fast and steady collapse (I distinctly remember this) of the market for mid-tier driver/project cars. I was into big Healey's at the time and remember my cars losing big value from one month to the next.
So, will there be a crash? Absolutely. Nothing is immune to business cycles. Will all cars be affected? Of course. Did they say "it's different this time" in 1990? You bet they did.
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