When the topic turns to investments, many people discuss stocks, bonds, and perhaps real estate. But what if there’s an asset languishing in Grandpa’s garage under a layer of dust that could fetch a six-figure price?
Some investors see vehicles as viable alternatives to traditional assets. Many specialize in vehicles in perfect shape from specific manufacturers or production years, and others simply seek a good deal, regardless of age or condition. As with most investments, one can make impressive profits or lose a significant amount of money.
Auto auctions are an exciting, lively way to purchase collectible cars. But when the hammer goes down, you just bought it “as is,” so be careful before raising your hand. (Courtesy of Mecum Auctions)
Back in 1967, a Chevrolet Chevelle coupe had a manufacturer’s suggested retail price of $2,825, with the Super Sports model option adding $285 to the price. At a recent Mecum Auction in Kansas City, a Chevelle SS went for $104,500….