Value of ZR-1

[gmonsen]

Actually, it may be the way things work. When prices get as low as they are now, it makes no sense for anyone to sell unless they are desperate for money. I think we've hit the point where most will hold off selling unless they have to sell. There are not that many decent ZR1's around and so prices will begin to go up. This is exactly what will happen unless I and so many others are wrong and the relatively rare ZR1's are really not very good cars. 10 years ago you could buy an E30 M3 in great shape for $15,000. They are now $50-150,000 depending on condition. 5 years ago you could buy a Ferrari Testarossa for $50,000. Today, the bottom prices are $100,000. How do you think prices go down so far and then go up? It ain't magic. It's supply and demand.