We are seeing some quite extraordinary prices paid for certain cars, and some people have recalled the late 1980s when prices shot through the roof. Then the bubble burst and, in its wake, so did bankruptcies, court cases and at least one suicide. This time, however, I think that we are seeing competition among collectors and not inflation caused by speculators.
Oscar Wilde once defined a cynic as someone who knows the price of everything and the value of nothing. That sums up the investors.
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