A different perspective on "THE BLACK GHOST" by UTG.
I think the car is fairly rare, 1 million dollars rare I'm not so sure but to someone that has the money its just a number right? and it hasnt been torn down restored yet etc. it has alot of potential.
something to consider is that when you get into these high dollar cars-- triple digits, rare or sought after pieces-- is that a lot of these people are collectors. sure they may be enthusiasts, and maybe now they have the means to buy the hemi car they always wanted but a lot of them view it a purely transactional. it's an investment.
it's also rich guy bragging rights. "yeah, your 62 ferrari california is nice but i have steve mcqueen's mustang from bullitt"
there's also another factor. when you have the financial means to just buy what you want and get instant gratification.
i have a client that just
had to have 440-6 4spd road runner. i told him what a monumental ask that was and what a task it would be to hunt one down let alone what the purchase price could be. but here's the twist, it also
had to be a 68. despite informing him that, uh, 440-6 wasn't a thing in 68. now here's where the rich guy stuff comes in: he said i don't care, build it. he didn't want to wait around 3~5 years for a car to get restored, he didn't want the responsibility of owning a real deal, and he wanted it to be 68. he didn't care that the car started life as a old man tan 318 auto. he didn't care that it wasn't "correct". he wanted what he wanted, and he wanted it how he wanted it, and he wanted it now. and was happy to pony up the cash to make that happen.
sometimes, because of subjective taste and passion these vehicle eschew intrinsic value. and that's something that will never change.