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Beverly Hills CC are famous for air cooled 911’s - usually in need of significant resto, no matter what the advert says. They won’t have paid a lot for their stock, the people who are going to be burned are those that bought a fully restored 1972 oil-flap car for £150,000+
Dammit-
Yup - they are as bought, many in need of significant repair; opinion varies on how much they've paid. There seem to be a bunch of classics (maybe old Porsches in particular) that are being hoarded / invested in very significant quantities, BHCC are just one of several in CA that have that sort of inventory, never mind the rest of the country. Like all other fickle, illiquid assets everything will probably be fine as long as prices continue to go up at something juicier than the risk free rate.
Totally agree about the squids paying 150 large.
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Brrrr buying from Beverly Hills needs some serious "buyer beware". They sell some real dogs.
Jung
8b
The hangover from the current insanity promises to be immense - a mate of mine took a look around the warehouse of this place a couple of weeks back. The amount of old 911s they have (not listed on their inventory) is astonishing. 50+ easy. There's places like this all over the US.
https://www.beverlyhillscarclub.com/about-beverly-hills-car-club.htm