Howard, interesting stats on average Ferrari funding processes...I am not surprised at all. I typed earlier that when I decided buy back into Porsche as a tin top, I did a bit of research and it seems multiple owners over short periods of time is apparently not at all unusual...? It seems easy money financed the ability of folk to "rent" a particular automotive or other experience for a while...some even hoped for the cost of experience to pay for it`s self. if not generate profit.. The Porsche GT3 market perhaps being a prime example..?
While the petrol head part of me agrees with your thinking Ewan there will be many out there who may also be petrol heads, yet part of their financial planning may have depended upon value retention if not profit related to their "Classic" vehicle...?
Seems to me that as ever evolution has played it`s part, and once disposable income appeared on the scene for average households around the early seventies, and with it increasing interest in what up till that time had been considered as little more than old bangers by the man in the street, to the extent that created the appearance of the classic car press on every news stand, all of which caused old bangers to become thought of as classics and thus increased their imagined and thus real value.. It seems any changes in value will ever attract investors, who will dip in and out of a market as it both rises and falls...?
It seems to me that as ever those like myself who were and are primarily petrol heads, will generally be slow to act or react relative to market values, though unless one is spending pocket change or close to it on a classic, a measure of value retention as opposed to profit, may well play a part of one`s thinking at the time of purchase..? Should that be the case then I suspect any large drop in the value of classics will perhaps create a bit of an issue for some..?
