So you got that yellow Ferrari and the GT-R?
If you arrive at a fire and throw gasoline on it, are you guilty of arson?!?
Possibly
I did indeed. I'm sure the person who thought they won the GT-R is right pissed, but my bid was clearly in before they brought the hammer down. The hammer down is actually important as it signals a contract. Like mentioned, auctions are under some really strict regulations. So, he was given the chance to bid against me. For reasons of their own, they chose to not do so.
Fuck 'em.
They probably chose not to because they were pissed
I guess I'm gonna bid on 237.1 - as I know who did the restoration. (I shared the link earlier.)
The Ferrari was less expensive than the BMW - and I got a huge deal on both.
If I turned around and sold the Bimmer, I could expect a profit of at least 350k - after all the expenses.
So, while it looks like I spent a lot, I'm actually making money. Well, I'm actually increasing my net worth, or the net worth of my LLC to be even more specific.
It looks expensive (and it is) but it turns out that it's not hard to make money doing this. You just gotta pay attention to values, which fluctuate. So, you need to not only know what it's worth today - but what it's going to be worth in the future. That means also looking at historic data 'cause there are obvious trends.
Like, the pickup bubble has popped. I'm seeing stuff like a '78 Chevy step side go for 35k instead of the 80k it was going at just a year and a half ago. There's bound to be another correction and prices will stabilize somewhere between the two as people protect their investments made during the bubble.
(post is archived)