Reply To: Cost of top and interior

[Edgar Minnie]

Scott……reread your first sentence. The cost of restoration is directly related to labor……..ever meet a restoration shop owner who has a Duesenberg or Bugatti? There are fewer and fewer restoration shops today, and they will continue to evolve, get smaller, and more specialized. Today highly skilled labor is more expensive than its ever been, and it will continue to increase. The problem lies in people’s expectations of making money on an old car. The correct view is money spent on car should be looked like money spent at the casino. Your using money to entertain yourself for a certain period of time, and you should have no expectation of having anything left when your done. That’s the reality of today’s car collector market……it’s disposable income that is being disposed of, with no payout on thr back end. Car values are actually falling and failing to keep up with inflation. Common car prices are back to the mid 80’s numbers today. It’s bad if you have fifteen cars, and good if you trying to buy one. The only exception is the super high end .001 percent of the market…..they are on fire.