- Joined
- Jan 15, 2009
- Messages
- 60
Being new to this world I have to take an outsiders view and wonder about the whole "investment" nature that people are speaking of.
I can't help but think back on the Barrett car auctions I watched a few years back. Muscle cars were getting way up in the 6 figures and I watched in disbelief as a guy with clearly more money than he knew what to do with paid 12 million for a "GE promotional bus". Those auctions affected prices for many a GTO around the country for several years. Check those same prices now. From what I've seen they seem to be waaaaay lower now. From what I could tell there were lots of guys with too much Internet money buying the cars of their youthful dreams. Nothing like a reality check to bring prices back in line.
I imagine that some of the same feeding frenzy occurs in the knife collecting world. I'm curious if there's been a similar period where prices went through the roof and settled back much lower.
I can't help but think back on the Barrett car auctions I watched a few years back. Muscle cars were getting way up in the 6 figures and I watched in disbelief as a guy with clearly more money than he knew what to do with paid 12 million for a "GE promotional bus". Those auctions affected prices for many a GTO around the country for several years. Check those same prices now. From what I've seen they seem to be waaaaay lower now. From what I could tell there were lots of guys with too much Internet money buying the cars of their youthful dreams. Nothing like a reality check to bring prices back in line.
I imagine that some of the same feeding frenzy occurs in the knife collecting world. I'm curious if there's been a similar period where prices went through the roof and settled back much lower.