A whole lot of everyday, ordinary people could be quite a bit richer if they had the foresight to put something that they owned under wraps for a few decades.
I know that I must have thrown away countless dollars in the form of baseball cards that I’d buy in the 1960s. I’d read the stats on the back, chew the gum that came with the cards, and sometimes just toss them in the garbage later in the day.And, of course, I thought that rookie cards were a joke, because the rookies didn’t have any history. His rookie year was a little before my time, but right now there are Mickey Mantle rookie cards selling on eBay for over $20,000.
The same thing is true of cars. My first car was a 1970 Chevy Impala convertible with a 350 V8 and a four-barrel carburetor, and I paid $900 for it. If I had been smart enough to keep it in a garage until today, it would probably be quite valuable. I’ve seen them selling online for around $20,000.
This is certainly food for thought if you’re looking for an investment idea. Here’s a story for you that may serve as inspiration.
The Facel Vega was a French car that was first introduced for the 1954 model year. It was designed by Jacques Brasseu, and it was sleek, handsome, and sporty looking, but it was considered to be a luxury car.
Though Facel was a French company, the 1954 Facel Vega was powered by a 276 cubic inch V8 that was made by Chrysler. The price of the Facel Vega during that initial model year was right around $7,000.
The original Facel Vega stayed in production through the 1961 model year, and in 1962 the Facel Vega Facel II was released. The company was struggling financially at that time. They pinned their recovery hopes on the Facel II, but they couldn’t survive past the 1964 model year.
There was a 1962 Facel Vega found in a Minnesota barn recently. It has a decent interior, and it was deemed mechanically sound though it looks a little rough on the outside. It was sold at an auction in France for $209,509. That is quite a return on investment considering the fact that the sticker price on the 1962 Facel II was $12,160.
Patience is a virtue. Think about stories like this one the next time you have some money to invest.
Source : Photos by Bonhams