How to do it is wrong - buying and selling classics
I've bought and sold a lot of cars in my life and probably never made any money from them. For example, there was the Ferrari 512 BBwith carburetor equipment, which I passed on at a loss after an engine parts overhaul; now the car would be worth three times as much, it seems, if you look at the market price trend.
Or my Fiat Dino 2400 Spider, sold for less than a third of its current market value. Or a Pagoda - sold after restoration for barely more than the labor costs. I could continue the list indefinitely, fill half a book.
Maybe it's because I never bought the cars as an investment, but simply because they appealed to me and I liked them. And I sold them to make room for something that appealed to me even more, that I liked even better. I sold some cars again because they didn't fulfill the hopes I had had beforehand.
However, I have now owned a car for around 17 years, an incredibly long time. And have I become rich with it? Ehm, no, not really. If I add up all the costs so far, I'm probably at around 150% of the current market value. But I've kept the car because I've wanted a TVR 3000 S like this since I was 17 years old. That's somehow more important to me than all the wonderful increases in value ....
