I was working on cars and trucks long before I was old enough to drive one myself. As a boy, I pored over auto magazines. I actually could identify any make and model on the road simply by listening to the rev of its engine – at least that’s what I told myself.
I had three trucks before I got my drivers license. One of them guzzled oil and the roof leaked when it rained. But I didn’t care. Nothing was more fun than rounding a tight corner or accelerating on an open road.
In the past few years, interest in classic cars and trucks has grown enormously. This enthusiasm has been powered by a rise in the number of aficionados and a perception among some that historic vehicles are a viable asset class. The popularity is evident from the skyrocketing prices that cars are fetching at auctions. Last year, a 1962 Ferrari 250 GTO sold for a record price of $38.1 million. This August, a batch of 25 cars that included Lamborghinis and Ferraris went for $67 million, the most ever for a single collection. Over the past decade, appreciation in the value of classic cars has handily surpassed that of art, wine and coins, all of which notched considerable gains themselves, according to the Knight Frank Luxury Investment Index.
Poor Mans Restoration’s inventory of classics is low right now – April 2019. However, here are some recent classic autos sold by others we know of or deal with. I hope to be finding more classics to restore soon. If you know of a vehicle that needs to be recovered and restored, give me a call at two-five-one 6 oh 5, fifteen-45