Art, Bitcoin, stocks, classic cars, what are they worth?

Discussion in 'The Bench' started by 66rivnail, Jan 12, 2021.

  1. 66rivnail

    66rivnail 1966 Riviera

    Art is simply canvas and paint, Bitcoin is imaginary numbers, classic cars are metal, plastic, and rubber, and stocks represent ownership of corporations. Yet, in many cases we value these items at astronomical levels because we perceive them to be rare, desirable, or a store of value. Some say the fair price of any item is what a willing buyer and seller set the price at.

    When you think about it, any item valued beyond its utilitarian use is purely emotional and psychological. Capitalism only works because of our insecurities and our desire to be validated. Why else would we need all the crap we buy. Think keeping up with the Joneses. Frankly, we care about what other people think about us and our stuff. We associate our net worth with our personal worth.

    A good example is the recent threads about how NOS parts have exploded in value. If you honestly examine why anyone would pay those astronomical prices for parts it is purely for personal validation reasons. Please don't tell me it is for an investment. Capitalism in its current form is one gigantic contest to show the world how your doing. Why does anyone care how someone they have never met thinks about them?

    This entire massive asset bubble we are in is going to end very badly. The exit door will be very small and when the dust settles historians will wonder what we all were thinking.
     
  2. BYoung

    BYoung Stage me

    This should get interesting. Someone pass the popcorn.
     
  3. pglade

    pglade Well-Known Member

    Have you ever thought....maybe, just maybe.....someone wants NOS parts b/c their quality typically far exceeds the "equivalent" repro part?? Something wrong with wanting correct and original parts? Price reflects rarity in many cases. You're painting everyone with the very broad brush you're wielding. That's convenient since it seems to fit your narrative and/or view but there's more to it.

    Bubble?? They've been around (and popped) forever. Keep some powder dry and you should be just fine.
     
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  4. docgsx

    docgsx It's not a GTX

    Webster’s definition of capitalism:
    Definition of capitalism: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

    doesn’t really lineup to your perception of capitalism. Sorry…

    “Capitalism only works because of our insecurities and our desire to be validated. Why else would we need all the crap we buy. Think keeping up with the Joneses. Frankly, we care about what other people think about us and our stuff. We associate our net worth with our personal worth. “
     
  5. STAGE III

    STAGE III Lost Experimental 455-4 Bolt Main Block.

  6. OHC JOE

    OHC JOE Mullet Mafia since 2020

    While I was restoring my GS i was looking for information....... AH NEVERMIND
     
    alaskagn, STAGE III, BYoung and 3 others like this.
  7. stump puller455

    stump puller455 1970 GS 455

  8. Mike B in SC

    Mike B in SC Well-Known Member

  9. STAGE III

    STAGE III Lost Experimental 455-4 Bolt Main Block.

    A BIG AMEN! Sorry I would have used a small amen but I like people to see my amen is larger so like they realize I am better at amening than them and they will justify my existence by saying that Fritz has a bigger amen than anyone I know & then when I pray in thankfulness to God (he is bigger too) I can thank him for the blessing of many graces & mercies to say AMEN to.

    So AMEN.
     
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  10. TrunkMonkey

    TrunkMonkey Well-Known Member

    Ya gotta try harder to hide the agenda. That's in the tiny words printed in the top of the game box.
     
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  11. Guy Parquette

    Guy Parquette Platinum Level Contributor

    I'll spill the beans and keep it simple. I have around 80K in my INVESTMENT of the car including the cost of finding the true every little bit of documented history. total.
    Was already offered twice, by two different people, 150K
     
    Last edited: Jan 13, 2021
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  12. NZ GS 400

    NZ GS 400 Gold Level Contributor

    What is paper money worth? What is anything worth if not for the value people put on it?
     
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  13. 66electrafied

    66electrafied Just tossing in my nickel's worth

    It's all only worth what someone will offer to pay for it. Cash always talks, BS always walks.
    If nobody wants it, you can dream up all sorts of numbers in your head and claim far and wide how many millions you have and how great you are, but in the end it still isn't worth anything because no one wanted it. Simple as that.
    I look at all of my collections and my cars and I really don't care what they're worth, because they're for me and not for keeping up with the Joneses, most of the Joneses around here are too dense to appreciate a Buick anyway.
     
  14. Golden Oldie 65

    Golden Oldie 65 Well-Known Member

    In the end, does it really matter? Most of us already have more money in our cars than they're worth, and we are still planning to spend more on them.
     
  15. OHC JOE

    OHC JOE Mullet Mafia since 2020

  16. Fox's Den

    Fox's Den 355Xrs

    Have a little bit of each investment and you can do this ^^^^^^:D
     
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  17. STAGE III

    STAGE III Lost Experimental 455-4 Bolt Main Block.

    Annnd not that I neeeeeeeed to say it but just to prooooove I don’t care what anyone else thinks here is my beauty heh heh C4315AE3-75F9-4AA5-BBC1-65E6B5F03E7E.jpeg OKAY damn it......siiiiigh.....I did splurge on the sheetmetal hood!!!! Okay? I said it! Fine,I gotta go
     
  18. theroundbug

    theroundbug Well-Known Member

    You're talking about NEW parts that haven't been produced in 50-70 years. People are going to pay prices you can't imagine, and it's going to only go higher.
     
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  19. Stage 2 iron

    Stage 2 iron 480 IRON HEAD STAGE 2

    It’s OK to make sum Money on Buick NOS parts if you think there are HIGH, you should check out Chrysler, Ford and Mopar.
     
    docgsx, BYoung and STAGE III like this.
  20. Stage 2 iron

    Stage 2 iron 480 IRON HEAD STAGE 2

    Nice green 70 convertible there Fritz is that the one that got totaled ?
     

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