Not only Defender prices going up?!

I had an A60 Cambridge, only four cylinders, how I yearned for a six pot anything. I could barely afford to run the Austin on apprentice wages.

We had a 1936 Austin 10 whilst living in England, in Australia I owned a Mk 1 Austin Lancer, which I owned for a long time, to which I fitted an 1800cc MG engine, I also owned an (rare for Aussie) Austin A105 (most were A95), which I sold, because fixing all of the structural rust was beyond me.
Pickles.

Best I could afford was a Mini.
A friend at work told me yesterday that his first car after uni was a Torana XUI. His first job was in Cairns, but his girlfriend was in Brisbane, so once a month he would drive to Brissie for the weekend, a 3600 km round trip. He would leave Cairns about 4pm Friday and be in Brissie for breakfast with the girlfriend, and leave after lunch on Sunday to return. No radar in those days, fortunately for him.
Redirect Notice

I was told that part of reason prices are going up is sheer number of very wealthy people in world is rapidly increasing (think China/India) with numbers in the millions. Of these some are interested in cars and with money no real object they can spend whatever. Just watched Motor yacht "infinity" sail past put into perspective how wealthy some are. Not me unfortunately
Infinity yacht
- Oceanco
| SuperYacht Times

Budget 500K to fill the fuel tanks... Blimey! You're not wrong.




So for the old cars, plan is to get an average one, then install this "Barn Find Kit" to drive up the resale value on your favourite car.
Gives it that instant look of being lost in a barn somewhere for 30 years... complete with dust, spiders and flat tyre tool.

Might be more money selling beer . Go out now maybe $6 for a can of factory beer, but $10 plus for craft beer . Since this is all that is available when going out the " old cans " are a good return.

Have noticed there is a rhythm to prices of cars which are in the minor classic section. These tend to peak in price and demand then fall away again.

Seems to be connected to people buying the cars they always wanted as kids but could never afford. They reach an age income where they can realise these dreams. Their interest pushes up demand and prices for a decade or two then the demand and prices fall away again as the age profile moves on.

During this time some cars will create their own critical mass which keeps demand going most do not as the people who created the demand move on.