Are Car Collectors Ruining Cars?
The most controversial car enthusiasts
Car 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.
Ferrari 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.
So those are my thoughts on collectors, thanks for reading! Make sure to start an argument in the comments below.