Tuesday, May 01, 2007

Comes Around
I happened to be working on an old auction (RM Meadow Brook 2002) which wasn't entered back in the day, and I was struck by the cars that have just disappeared into collector car nirvana.
There were some very nice, but rather rough, restoration project cars at the Meadow Brook auction in 2002. Cars that would happily take their place on any CCCA CARavan or concours lawn up to and including Pebble Beach. The ones that sold have, basically, disappeared which demonstrates the vast car collecting sponge which waits for good cars, giving them caring, enthusiastic, sympathetic long term homes.
There's so much drivel handed out about "investments" and "flipping" that evidence of it rises to the top of the pile. In fact most collector cars simply disappear into the maw of caring owners who want to work on them, preserve them, drive them and share them with others on tours and events and in shows and concours.
Fortunately, car collecting is still more about collecting than it is about commerce.

Rick Carey

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