I have lost money on 95% of the GTO's I have owned but I still buy them because it is a hobby I really enjoy. While I feel bad for someone (including me) who takes a hit when selling a car I honestly believe it is better for the hobby if it's hard to make money with GTO's.
We are supposed to have/restore GTO's because we love them not because we are planning to retire on the windfall. If a GTO ends off costing me a net loss of 10K and I got to enjoy it for a few summers, so be it. We all spend money on less worthy purposes. My wifes minivan depreciates 25k over a 3 years. This is supposed to be a hobby not a career.
In my perfect world GTO prices are such that when we restore a car wisely we lose money but not so much to be prohibative. That way GTO's will stay in the hands of the people who love them and sacrifice to restore them rather than a bunch of speculators, brokers, museums and BJ show offs who just want to own the flavour of the month.
Just my two cents, no offense intended!
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My Break Away Squad
1969 Fbird (base OHC, 350, 400HO & Sprint Cvt’s - 400HO & TA ht’s)
1969 Custom S 2dr ht
1969 LeMans (2dr & 4dr ht & Cvt)
1969 LeMans Safari wagon
1969 GTO (2 Cvt, 2 ht & Judge ht)
1969 Cat (3 Cvt’s & a 2dr ht)
1969 Ventura wagon 2 seat
1969 Exec 4dr post
1969 2 Bonnie Cvt's & 2 wagons
1969 Bonnie Brougham (4dr ht & Cvt)
1969 Grand Prix 2 SJ’s
1969 2+2 2dr ht (Canadian)
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