It happens every time we have a recession.
The stock market and housing prices go down. As people
get out of those markets they need to put their money
into something safe gold, art, coins, collector
cars and, yes, old car literature. When that happens
the prices of those commodities go up.
For some reason most collectors are surprised that the
economy works this way. Throughout the 1990s, after
the late 1989-91 recession, the stock market and real
estate went up. After 2000, and until recently, money
has shifted back and forth between the stock market
and real estate in an unstable situation. So has the
old car market. More recently, recession and inflation
have become concerns. With gasoline prices increasing
and economy cars becoming popular, we are likely to
see a return of the 1970s and 1980s when collectibles
like antique and classic cars flourished. Remember when
you thought yesterday's prices were cheap? That scenario
appears to be back and today is yesterday. Will you
own high priced collectibles that look cheap now?