Quote:
Originally Posted by BlkGS
To be honest, I think this is it, especially for collector type cars.
Cars have become a thing similar to fine art, they're tax shelters for the rich. Not quite as big of a.mo ey laundering dump, but getting there
Add in that it's easier than ever for foreigners to buy American collector cars, and at a HUGE discount to what they'd be in their local markets. The number of cars.exported because of a site like BaT is staggering.
There's also a lot of cash buyers out there who are just like you, waiting for the bottom to fall.out that isn't coming. And don't forget, cars are a durable asset that will increase in value with inflation. Your cash only becomes less and less valuable. That's another reason that the rich have been buying up a lot of cars as a hedge against inflation.
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I concur.
I followed BaT auctions recently. You have to see it to believe it.
A lot of people have ton of cash in their hands.