Profit or Pleasure?
“Oh Lord, won’t you buy me a Mercedes Benz?” – Janis Joplin
Janis Joplin never got a Mercedes Benz, but she did pay $3,500 for a used 1964 Porsche 356 in 1968. The rock singer’s car was sold at auction for $1.76 million in 2015. A return on investment of more than 50,000% over 47 years. But as classic car returns hit a five-year low in June 2019, are we at the start of a long-term reversal?Read article »