American Consequences - June 2019

Still, it’s theoretically possible to make money on rare and old cars, but I’ve never done it. And keep in mind what the winsome philosopher Mike Tyson once said, “Everyone has a plan until they get punched in the mouth.” over Ford’s two runs of two-seater GTs (a 2006 version for $384,900 and a 2017 version belonging to professional wrestler/ rapper/actor John Cena that went for $1,540,000). Speaking of names, unless yours is Edsel, there’s virtually no way to get on Ford’s list of preferred buyers anyway. Corvettes, you ask? Chevrolet has always built too many to make them wildly valuable, but if you’re going to invest, concentrate on the second-gen cars, such as a 1966 427 convertible ($150,000), and look for “Bloomington Gold” status, which assures the car has been inspected by persons whose Vette fixations suggest a medical emergency. And, uh, you know all about “matching numbers,” right? Among muscle cars, there exists one outlier that is guaranteed to rise in value: the 2015 Camaro Z-28 ($40,000 to $50,000). It’s a racecar that you can drive on the street — as in no radio and no AC. Find one and salt it away. If you’re drawn to Mercedes-Benz products, recent offerings are usually land mines. Mercedes is currently cursed by perceived over- the-top repair costs, such that resale values have

tanked. A luxo-cruiser 2010 S550 sedan, for example, recently sold for $19,000. There is money to be made, however, with 1963-1971 SLs with the thin-line “Pagoda” roof ($102,000 to $187,000). Buy now – they’re still plentiful. Unlike Mercedes-Benz, the Porsches earning big profits right now are fresh meat: 911 GT2s, 911 GT3s, and 911 GT3 RSs. Want proof? An owner who paid $293,200 for a 2018 GT2RS flipped it — not in a ditch — for $428,600. Another likely appreciator is Porsche’s 2004-07 Carrera GT supercar ($650,000 to $775,000), which should be a million-dollar objet d’art in five years. With Porsches, mileage is everything. Slink away from anything showing more than 70,000 miles, and, as is true with almost all collectibles, have no congress with cars modified by anyone but the manufacturer. Always wanted a Ferrari? You should know that the ’60s GTOs and GTBs are the most expensive automobiles in the world. A ’62 250 GTO recently sold for $48,405,000. If you’re thinking of a Ferrari as an investment, look at Daytonas, once a million-dollar car, but a 1972 version recently brought only $600,000. Even better — well, easier to service — are the latter-day Testarossas. Flawless TRs are now in the $120,000 range, when they should be twice that. Plus, they cause onlookers to drop their Dove bars. Over at Lamborghini, there’s still mindless action in 1990 LM002s, which look like

American Consequences


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