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Hi, my first post as the new custodian of a 380. The car is not a #1 and I would not have paid for such, if it is so nice as to not be driven, it is not a car, but a work of art, lovely to look at but useless to me. What I did get is 20 years worth of maintenance records, and one cool, classy ride.
With regard to 380's not being "rare", yeah, so what. They built millions of '65-66 Mustangs, and that has not impeded price appreciation. These 107's, like old 'stangs, are CLASSICS, and evoke an emotional response that other more prosaic cars do not. Also, rignt now seems to be the part of the curve where 107's are cheap because of the relative availabilty. Trust me, as the number of well maintained survivors dwindles, value will improve. Even if I'm wrong, and they never appreciate, if I can have big fun and get even some of my money back, that sure beats golf, fishing, skiing, etc.
I watched the Jackson-Barrett auction, and was shocked by the prices paid for cars that were really mediocre, like some non-historic resto-rod for over $100k! I think that is a great forum to sell a car to crazy rich people, but I wouldn't take those prices as a barometer of true values.
BTW, this is a great site, full of fantastic information, thanks for letting me rant.
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