| performance of the collectors themselves. In doing so, they focus too much on the cars, at forget to examine the variables attached to the individuals doing the collecting. It used to be collectors were into the old brass radiator and big phaetons from the 20's and 30;s. But then after WWII, the next wave of collectors began to swoop up pre-war Ferraris and European classics which lead into the current Porsche, Ferrari, Lambo, Alfa, et. al., juggernaut of million dollars one-off specials. IMO those collectors have passed their zenith, and those prices, while remaining high (because they are wonderful cars) will lose their speculative values and become just very expensive nice cars. Next came the boomers with the muscle car craze. Who would have ever though a Camaro COPO would fetch as much as a Duesenberg? Nobody did unitl some boomers got stupid rich and wanted the car they drooled over in high school. My point is right now the market for 70-90's Japanese cars is rising, but many of these same pundits are also saying this category will never reach the values of vintage Porsches, etc.... and they would probably be correct... if you assume the same people are involved in collecting them. But I'm saying the collectors themselves will change as much as the cars they collect will change. Like the demise of the Baby Boomers and the inevitable decline of muscle car values; older collectors will begin leaving the marketplace and be replaced by the new money.. that same guy who might have began his love affair with cars in a Honda Civic. Then the paradigm changes dramatically. And its easy to see if a COPO Camaro could fetch a half million; maybe a 150 mile original SMZ might get up into the stratosphere as well.
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