Nothing To Lose Saturday

Nothing ventured, nothing gained. Without revealing details, I am going to undertake an endeavor that, in all honesty, has almost a zero probability of success, but also has no downside, at least none that I can see. No, I’m not talking about buying Mega Millions tickets because those are not free, although they are not expensive, either. Wish me luck.


This Hagerty article is titled, “5 classics posting the biggest gains in 2022.” I guess it’s bad form to point out that 2022 is only about halfway done.

Here is an interesting passage from the piece: “Some rising stars in this latest refresh illustrated a rubber-band effect in full swing: With the average prices of more popular collector cars still riding sky-high, some enthusiasts and savvy investors turn to parallel alternatives, inflating values of models that weren’t exactly hot-ticket items prior to the pricing surge of their more popular siblings.”

I think you would enjoy the reading the article so I won’t list all five cars. I will tell you that the biggest gainer, according to Hagerty, was the 1977-81 Pontiac Firebird Trans Am Special Edition.


Burt Reynolds Firebird Trans Am front three-quarter


The “rubber-band” effect noted by Hagerty is simple economics. When the price of a good increases, prices of substitute goods also increase. The definition of “substitute” isn’t always clear, however.

I will quickly remind everyone that I believe for the vast majority of people and the vast majority of cars, buying a “collector” automobile should be more of an investment in the quality of life than a financial investment. Of course, no paradigm applies to all situations.


My wonderful wife sent me this link to a piece that includes this picture:



This Top Gear article is about the Ferrari 296 GT3, the company’s 2023 GT race car. I’m sure a street-legal version would have quite the demand even if it’s not a substitute for anything else.







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6 thoughts on “Nothing To Lose Saturday

  1. My grand daughter, the wanna-be 8 year old, Ferrari driver, would be begging for one in red.

    Good luck with your unnamed endeavor. Stay safe and enjoy the experience.


  2. Things of passion have no price tag. I forget how much Bezos spent on the 10,000 year clock or David Rubenstein on a copy of the Declaration of Independence. I once found a copy of a first edition of Graham and Dodd’s “Security Analysis” in my college’s deaccession stack. I bought it for a dollar and later sold it for $1100 when times were tough after my divorce. As a graduate of my college and an econ major, if I had the money, I’d pay ten times that to get it back.
    I just got a new pair of speakers that are twice as expensive as the ones I have. I’m not sure they will sound twice as good, but the build quality makes them lust worthy.
    As for collectable cars, it’s not about going from A to B. It’s about how you feel in that car when you’re going from A to B. And you can’t put a price on what it is about.


    1. Many thanks, Doc. Really liked this passage: “As for collectable cars, it’s not about going from A to B. It’s about how you feel in that car when you’re going from A to B. And you can’t put a price on what it is about.”


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