[Healeys] Healey Values

[Michael MacLean]

Righteous?  Really Tom?  This was not a personal attack.  It was a general statement.  Prices can not go up forever.  There are cycles to any commodity.  Eventually prices will rise again.  Of course taking a loss is not anyone's ideal situation.  Maybe you should have been into Porsches ten years ago or so.  Right now they are going for ridiculous sums almost no one can afford.  As far as I am concerned I am into Healey cars because I like them.  If money was a concern I would not have spent almost $25K restoring my Bugeye back in 1999 with no hope of ever recovering that amount when I sell it.  I just love Bugeyes.  Besides the auction prices are artificially inflated by people looking only for an investment.  Austin Healeys are going the way of the Model T anyway.  Model Ts are going for very low prices these days because there is no one left that originally drove them.  It won't be long before Healeys suffer the same fate.  Eventually the restoration scene will be mostly Japanese tuner cars for the next generation.  Even the Peterson museum recognizes this.  My son's 2002 Lexus lowered drifter car is on their brochure.  There will always be a market for Austin Healey cars, it just won't be as big as it is today.  Not being confrontational, I just see the writing on the wall.Mike MacLean
 

    On Sunday, July 31, 2016 12:48 PM, Tom Felts <tomfelts at windstream.net> wrote:
 
 

 Maybe you should be careful with assumptions before being so righteous. Drive my Healey?  Well=--let's see--does 6000 miles across Europe for 1 and 1/2 months count--or trips to any number of Conclaves--last being to Canada.  Many trip to the East Coast.

When I said bad news---------it should have been obvious what I meant, but I'll explain.  IF----a person was trying to sell their Healey--and there are plenty of folks with money out there---then with values dropping-----humm---you might have to sell it for less than you had hoped for.  I'd say that counts for a little bad news.

Simple really.

If you need more clarification, let me know.

Tom Felts
---- Michael MacLean <rrengineer.mike at att.net> wrote: 

=============
How is this not good news?  Maybe the prices will come down from the stratosphere and more new enthusiasts can enjoy these cars.  If they price themselves too high, who is going to buy them?  With the aging demographic of Healey owners, you won't get new blood if the younger set can not afford to buy one.  Do you own it as an investment or are you using it as intended, to drive the damn thing and have fun with it?  Just my opinion after spending far more money than I should have on my BN2 restoration.Mike MacLean
 

    On Sunday, July 31, 2016 8:24 AM, Tom Felts <tomfelts at windstream.net> wrote:
 
 

 Not good news for Healey owners.

http://tinyurl.com/z25ahn8

tom
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