how fucked is the classic car market going to be once boomers are all dead in the next 5 years?
It's gonna be a grand slam jamboree buddy and we're all gonna experience the ultimate shake up of assets in history. Be ready
Idk, but hopefully I can get a mill for good deal
>>28987483How cheap did Duesenbergs get when all the original owners died?
>>28987483I think JDM shit will become cheap once crypto completely implodes and millennials run out of money before these classic cars do. the people spending tons of money on JDM shit are nu-money. the kinds of people buying these classic cars are old money and will just pass them down to their kids, who'll demand the same money as their parents from other rich kids keeping the cycle going.the entire JDM market is held up by scams, grifters, and people who got rich quick. which sounds far more unsustainable.
>>28987574>millenials' wealth (lmao by the way) is sustained by crypto, just waiting for that crash to get my supra
I remember 8 years ago that you could find in europe post-'72 C3s for 6k-9k € and now everything is 40k € at least.even for those cars that were built by the hundred thousands the price is never going down, ever, again. ever.just like high trims of 370z now are approaching prices that GT-Rs had a couple years before they stopped being sold to europe.
Boomer father has pointed out (repeatedly) that Tri-Five Chevys used to tkae up 10+ pages in Hemming Motor News (print version of course) and now they're down to basically a column with the difference being taken up by Mercedes. This does beg the question of where did all those Tri-Fives go? They didn't evaporate.
>>28987597more realistic than thinking you'll get a hemi cuda for cheap just because the billionaire boomer who owned it died and totally won't just be sold to a younger generation of billionaires for the same multi million dollar auction price.
>>28987483I imagine it would get better, with all the currently held vehicles being released out into the wild.
>>28987648They settled in a 80 year old boomer's collection rather than changing hands every 2 years. He doesnt have the energy to flip cars anymore.
>>28987698new money doesnt like classic cars though and think it's poorfaggotry to get anything at auction that isn't modern art
>>28987746the people buying classic cars aren't new money. their children raised in isolated wealthy communities bred to have only the finest taste for things will be the new generation of old money and will trade their parent's million dollar classic cars amongst each other. they won't want to look like hip hop artist with a collection of nissans.
>>28987767Give the hip hop guys some credit. T Pain drives a Koenigsegg Regera that he bought after selling his Bugatti.
>>28987484everything will be given to your replacement my the state and if you speak out you’ll be put in racism jail
>>28987483Nigga, baby boomers won't be mostly gone until the 2040s.And GenX just acts like Boomer Lite.So we are fucked for the next 50 years
>>28987483There's a huge media push to increase the value of collector cars right now. All the big car youtubers are either running or sponsored by some company that profits from the collector car market. That's why you'll never hear anything negative about classic car, every one is unique and special, there are no flaws only character and quirks.
>>28987648>evaporateNo, just turned into dust.
It’s already reared its head in certain parts of the market>anything pre 1965 is getting very hard to shift>anything pre 1960 is completely stagnant >air cooled 911s are going for a lot less at auction than the sellers and auctioneers believe they’ll go for and this is having a knock on effect because people are now wanting to get out of them because the only way is down>restomod shit has thankfully died a death>people have less money in general and the under 60s have far less than the over 60>younger people with money aren’t interested thanks to decades of gatekeeping, they also have less spare time and don’t have the space for more than one vehicleYour really high end stuff won’t collapse but a lot of people are in for a rude shock when their “classic” is barely registering interest never mind potential buyers
>>28987483I'M NOT BUYING YOUR BAGS BOOMER SCUM!YOUR RETIREMENT CAN CRASH AND BURN, SEE IF I CARE!
>>28987483>how fucked is the classic car market going to be once boomers are all dead in the next 5 years?Not at all. There is a 8 million car gap in supply and they're culturally and internet famous. If you expected them to depreciate conventionally, I hate to say it but you should've bought it when you were just a slimy nut in your mother's vagina.
>>28989470>younger people with money aren’t interested thanks to decades of gatekeeping, they also have less spare time and don’t have the space for more than one vehicleThat is the black swan event of classic cars. No one passed down the torch so now people no longer see a car as the solution but more of a really expensive chore they don't want to deal with.
Sorry Bubba, zoomies don’t want your autotragic Chevy Bel Air. Boomers would rather die like a rat on the ground when their heart gives out after decades of eating burgers and fried pork chops than admit that their 50s or 60s land yacht is not worth as much as they think. I will give them one thing, at least boomers don’t usually ruin the cars; that can’t be said for JDM fags that try to live out their Need for Speed and Initial D fantasies
>>28987648The amount of classic cars just rotting in the desert on some old hoarder's property is insane.
>>28989645I like big old comfy automatic v8s from before the soap bar cars era, but I'm 30 so I might just be an unc.
I doubt it'd be as people hope it would be. The 1 of 1 auction queens won't fetch as much, will be hard to sell, but don't expect them to drop to reasonable prices.The boomer garage queens and weekend cars won't suddenly become cheap either. Many classic car boomers have gen x/y children who also are into classics so they'll be handed down. Those kids who aren't into classic still "know what it's worth" because their boomer dad talks about its value constantly.And then there are all the younger generations into classics who will soak up the drop off in demand.So no, you aren't going to get that restored 69 Charger for 15k, but you might get the junkers rotting in their yards for a reasonable price finally.
>>28987574JDM prices are propped up by guys in their 30s/40s who are happy to spend all of their disposable income on cars and cars alone. It isn't zoomers with crypto money.
>>28987648>where did all those Tri-Fives goThey're in garages because a boomer doesn't want to realize a six figure loss. Instead the car is returning to garage find status and will need another $100k to restore it to be worth $50k.
>>28987483Look up what how much prewar cars were at their highest (sure Duesenbergs and Bugattis still kept their values but look at the more common ones) versus now. That's what's going to happen to 50s-70s cars when boomers die off.
>>28989470Fuck them. Boomer car culture has always been fucking cancer. Trashy, yet boring, yet judgemental. They deserve to have the years of being cunts catch up to them.Its the only group of car "enthusiasts" who will refuse to share their passion with you just because your car has the wrong country of origin.
>>28987483>how fucked is the classic car market going to beEveryting gonna be $3.50 (you fuckin retard)
>>28987648Most of them are rotting in really old junk yards, rotting in some boomer hoard somewhere, or already rotted into the ground if they were left outside anywhere with rain and vegetation.
>>28989886Oh also, a lot of old shit got dumped on the third world, how do you think Cuba has such a glut of 30's to 50's American cars?
>>28987483That fucker was bragging about shutting down new oil drilling while he was driving around in his 9 MPG Corvette using $8 a gallon California gas.
>kids inherit car>it breaks>they stick it in the "one day" pile>20 years from now you might get the chance to buy a rotten old hunk of junk that parts are even rarer for than now
>>28987483boomers won't be gone for another 20 sadly
>>28987483As a classic car owner, good, i want everyone to experience the joy of driving these cars. Bring back to $500 first gen Camaro shells!
>>28989333>there are no flaws only character and quirks.This is just factually correct and seeing a problem with this is a normie take
>>28989688if you bothered to read the post you were replying to millennials were mentioned, not zoomers. it's millennials who primarily got rich off crypto.
