Depending on when he bought, these could be one of the best investments. If he bought that Enzo new 10 years ago, he has x5. Maybe more. A 25 miles Enzo, 1 owner would probably sell for $3m. At the same time it is a safe investment. Sure investing early in a dot.com can return more but it's much more risky and requires much more knowledge.
Guys, everyone is different. Some buy for the money and some buy for the love of the cars and the driving. One person says it's a shame to leave them there unused and rotting and another says that it's a shame that I drive my F40 1500 miles a year instead of preserving it in a bubble and rubbing it with a diaper (which I am known to do AFTER drives). To each his own. As I have said before, we only get one lap in this life and sometimes not even that. I want to do what gives me the most happiness and least regrets when it's all said and done. I'm not going to tell anyone else what should make them happy. BTW, it should be fairly obvious who that collection belongs to.
As far as collections go, not that much money tied up there. Since its in Ohio, I'll give you another Ohio collection that probably has 5 or 6 cars that are each worth more than all these combined. Google Jim Jaeger. 330 GTO, 275 NART, 312PB, Dino 206 SP JUST TO NAME A FEW.
Everyone has their passion, their muse, their key, their god, etc... Cars are obviously a vehicle to his own purpose for them, investment, stature or just to say he has them. He can, therefore he does. Personally, with my meager collection, I prefer to drive (and service them), a lot. if they turn out to be worth a fortune when I'm ready to hang up my cleats, trust me, mileage wont matter, and patina will be priced at a premium ;-). The man has Taste. The man has achieved. Kudos, (Wiser Clap)
I've talked with Jim several times at Amelia and he's a great guy with an amazing passion. Ran into him while he was working on his 330 with his mechanic before the show and he was happy to talk about the history of the car, let me sit in it, and watch as they worked on the engine. Saw him last year with the 312PB and he was just as willing to talk as ever. Hopefully he continues to bring his collection down south
If someone who owns these cars has all of those other investments - and I imagine you're right - then why not drive the cars? I'm sure the same person spends good money on nice food - does he let it sit there and not eat it? Does he abstain from other urges and pleasures that can be had through mere money? I love chocolate - whenever I buy some, I eat it; I love it. I like the way it looks, I enjoy the way it smells - but the way it tastes, the way it feels is just ...so much better than how it looks. Am I way off base here comparing a $3 Hershey bar to a multimillion dollar car collection? Don't they both feel better than they look? Okay, thank you; I was thinking of someone different in a different state.
Some people like the look more than the feel. Kind of like a nice piece of art. My neighbor took the engine out of his F40 as soon as he got it new and displays both in his bar.
Can someone put this strategy in persepective for me? What would it cost to make an F50 that's been idle since new roadworthy? I'd imagine the engine and transmission would need to be torn down and reassembled, all suspension components would need to be refurbished or replaced, parts in the cabin would need to be replaced, the electrical and HVAC systems assessed/redone, etc. Or are these cars going from one idle collection to the next, so that their value is in being completely original, even if it means they can't run properly unless they're taken apart? Is this how it's done?