A​re Car Collectors Ruining Cars?

T​he most controversial car enthusiasts

C​ar Collectors. You either love them or hate them. Personally, I think they are fine. But obviously many people disagree. They can sometimes drive up the prices of previously affordable enthusiast cars. Example: BMW E30. On Wednesday, July 22, 2020, a BMW M3 sold for $250,000, triggering the huge price increase on all E30 models. Some rumors saw the owners friend was the one who bid it up that price and it never actually sold. The owner had another E30 that he was going to sell, and because of this auction it would sell for over $20,0 more than before. If that's true, it clearly worked. On Friday, January 22, 2021, a BMW M3 sold for $256,000. But, it had 2.875x more miles than the infamous $250,000, car. Clearly, prices have gone up, a lot. Another problem with collectors is being able buy and see cars.

F​errari 456 owned by Hassanal Bolkiah, the man who had over 7,000 of the most exclusive exotics money could buy, including many custom one-offs. At one point, he was accounting for over half of all Rolls-Royce and Bentley sales.

F​errari 456 owned by Hassanal Bolkiah, the man who had over 7,000 of the most exclusive exotics money could buy, including many custom one-offs. At one point, he was accounting for over half of all Rolls-Royce and Bentley sales.

Hassanal Bolkiah, better known as The Sultan of Brunei, was at one point the wealthiest man on the planet. He and his brother had a large collection of luxury cars, including coach built one-offs. Many people see his collection as hoarding, but I see it as preserving. One day, these thousands off exotics and one-offs with no miles will emerge from Brunei and back into the public eye. Besides being able to preserve cars, collectors also are able to create some of the best custom spec cars ive ever seen, such as this Senna.

S​o those are my thoughts on collectors, thanks for reading! Make sure to start an argument in the comments below.

Join In

Comments (23)

  • This is just an example of the wealthy offsetting the less wealthy for their own wants. It's really frustrating to see stuff such as a 30 year old Honda Civic become worth more than 3 times it's original price, just because some wealthy millennial thought it made them feel nostalgia. Also, 1 off cars are stupid because they just end up in private collectors garages, never to be driven. IDK, I think that the whole collecting scene is dumb. Unless you're a museum or a company, nobody really needs more than 2 cars. Maybe 3, if you share them with your family.

      29 days ago
    • We have 6 cars; you need 1 family car, 1 car for your dad, 1 for your mum, 1 convertible for when the sun shines, and 2 oldtimers. If you like cars a bit and have some money, you’ll probably buy as much as you’d like to have. For non car people however...

      Read more
        29 days ago
    • And most people can't afford to be car people

        29 days ago
  • I agree

      29 days ago
  • I personally love the classic car market, and see it as all part of the fun. I know that it's now hard to afford some of your favorite cars, but it makes them more special.

      29 days ago
  • If you buy a car to stick in a garage and never drive then it’s a waste of time I reckon

      29 days ago
  • I personally think they are fine but some collectors do ruin cars such as rick hendrick who is a complete d*ckhead for saying i'm not going to drive some cars not even a mile, but there are good collectors such as, david lee, manny khoshbin, sparky18888, jay leno, ken lingenfelter and many more that i can name.

      21 days ago
23