I think it's a decent investment, but I also think the market is heavily inflated by boomer nostalgia and they are dying off. I'm gen-x, and while I share a lot of their enthusiasm, I don't have the nostalgia factor. Hard to believe future generations will care much for most of the vehicles from the 50s/60s/70s once that generation fades and mine doesn't have the cash to carry the market at current prices.
Jay's definitely discerning and diversified. Some of his cars will always be valuable. But the stuff that will be valuable in the future is also megabucks now.
I predict a bit of a crash in the market over the next few years. Things have gotten so inflated that I got out of the hobby because I couldn't afford to pay Duesenberg prices for Ford parts anymore just because they're old. Jay will probably be gone by then though.
I'm a fan of Leno and of classic cars.
I think it's a decent investment, but I also think the market is heavily inflated by boomer nostalgia and they are dying off. I'm gen-x, and while I share a lot of their enthusiasm, I don't have the nostalgia factor. Hard to believe future generations will care much for most of the vehicles from the 50s/60s/70s once that generation fades and mine doesn't have the cash to carry the market at current prices.
Jay's definitely discerning and diversified. Some of his cars will always be valuable. But the stuff that will be valuable in the future is also megabucks now.
I predict a bit of a crash in the market over the next few years. Things have gotten so inflated that I got out of the hobby because I couldn't afford to pay Duesenberg prices for Ford parts anymore just because they're old. Jay will probably be gone by then though.