Last Updated on 10/27/2007 by bidz
Collectible cars can be a great investment, but only if you know what to look for:
By Aleksandra Todorov
Published: August 23, 2007
“DICK MESSER’S PASSION for automobiles was often misunderstood, especially at home. When back in 1978 he bought a Siata 208S Spider for $15,000, for example, his father didn’t talk to him for five years.
…Today, that car is worth $700,000. Together with the 20 or so other cars in Messer’s garage, which he estimates have cost him roughly $100,000 to purchase over the years, his collection is worth around $2 million.”
Some of the other cars mentioned:
– A 1936 Auburn Speedster sold for $423,500
– A 1962 Ferrari Testa Rossa raced by Phil Hill at Le Mans that year for $9.3 million
– A 1935 Duesenberg Model SJ Town Cabriolet for$4.4 million
Of course these type of cars are out of reach for the majority of collectors, but modern-day collector cars like the early Camaros can offer impressive returns.