GT40s.com - View Single Post - Auction This Weekend: 1966 FORD GT40 MK I Serial #1065

Hershal Byrd · 08-14-02, 03:18 PM

Jim,
I know several people that got caught up in the frenzy and they paid the price big time. Now they shy away from cars as investment material. They went back to wine collecting. [img]images/icons/wink.gif[/img] [img]images/icons/grin.gif[/img]
There are exceptions though. Many fine cars from the golden era will always maintain a steady increase in value. To me a car has to meet several requirements in order to be a true ivestment collectible. First is the rarety then the history, which is paramount to holding value. It's also important to know
if the car is an unrestored original. These are the ones that bring the big money. The more documentation and the more stories you have about the car the better.
Unfortunatly the GT40 above has a very mondane history with no interesting stories about it. If you are looking for a GT40 for investment then get one that has the history. Your not going to lose with that.
This car has been changed and repainted much to often to have a good investment prospect. To buy it for driving and enjoyment is the way to go but the price would have to be much lower to make that feasable for most enthusiast.

Hersh [img]images/icons/smile.gif[/img]

08-14-02, 03:18 PM	#12 (permalink)
Hershal Byrd Hershal Byrd 10 tenths Join Date: Sep 2001 Location: Phoenix GT40: RF Posts: 1,262 Rep Power: 20	Re: Auction This Weekend: 1966 FORD GT40 MK I Serial #1065 Jim, I know several people that got caught up in the frenzy and they paid the price big time. Now they shy away from cars as investment material. They went back to wine collecting. [img]images/icons/wink.gif[/img] [img]images/icons/grin.gif[/img] There are exceptions though. Many fine cars from the golden era will always maintain a steady increase in value. To me a car has to meet several requirements in order to be a true ivestment collectible. First is the rarety then the history, which is paramount to holding value. It's also important to know if the car is an unrestored original. These are the ones that bring the big money. The more documentation and the more stories you have about the car the better. Unfortunatly the GT40 above has a very mondane history with no interesting stories about it. If you are looking for a GT40 for investment then get one that has the history. Your not going to lose with that. This car has been changed and repainted much to often to have a good investment prospect. To buy it for driving and enjoyment is the way to go but the price would have to be much lower to make that feasable for most enthusiast. Hersh [img]images/icons/smile.gif[/img]