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I was 28 in 1990 but was not the best witness of the run up and crash.
1) fast, caught many people by surprise and a lot of people refused to believe it, there was a story about a guy who had a 308 Dino for sale for 60K and was only offered 50K for it after advertising for a month, then he lowered his price to 50K then only got offers for 40K, he would lower his price always late and eventually sold the car for 20K. Followed the market down. took about a year.
2)"Great deal" "should by now" became common words then after it was well under way the masses realized it was a crash and not a blip. then there was a wholesale dump. Prices fell below real market value.
3) oh yes, it started with just Ferraris then anything Italian, then any sports car, even Jensen Healy's doubled or tripled in price.
4)Yup.
Last edited by ficke; 12-11-2015 at 07:36 AM..
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