Wow, looks like the bottom is starting to fall out of the Corvette market.
61-62 NCRS fuelies previously $125,000 now $85,000 asking?I was watching Barrett Jackson (creator of the bubble) the last 2 years and saw the guy from Proteam buy up at least 6 Corvettes each at least $110,000. Then I thought, how is that guy going to get his money back. So I went to his website and it looks like he has lowered his prices and reduced his exposure. Smart move since there is more altitude to descend through.
As I say about real estate and the same for the collector car market."were these cars/ real estate ever really worth that much? Or was it just a new form of black tulip bulbs?