Inspired Money
Andy Wang, Runnymede Capital Management
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Classics Reimagined: Restorations and Resurrections in the Car Collecting World
In this episode of the Inspired Money Live Stream Podcast, we navigate the world of classic car restoration and collecting. Our expert panel includes Bruce Meyer, Ed Bolian, Lauren Fix, and Phillip Griot. Each brings a wealth of experience to discuss the intricacies of restoring and collecting classic cars. Navigating the Path to Successful Car Restoration Classic car restoration is a blend of art and science, requiring both passion and precision. Our distinguished guests share their expertise, offering valuable insights into the world of car restoration and collecting. From understanding market trends to choosing the right restoration shop, this episode covers all essential aspects. 🕒 Episode Insights Restoration Costs and Trends: Bruce Meyer discusses the financial aspects and current trends in car restoration. Understanding the cost factors and market trends is crucial for anyone considering a restoration project. Shifts in Car Appreciation: Phillip Griot shares his insights on how the appreciation for different types of cars has evolved. He highlights the changing dynamics in the collector car market and what drives these changes. Enduring Appeal of Classic Cars: Lauren Fix provides her perspective on why classic cars continue to captivate enthusiasts. She emphasizes the blend of nostalgia and craftsmanship that keeps these vehicles in demand. Crowdsourcing and Changing Tastes: Ed Bolian talks about the impact of crowdsourcing on car collecting and how collector tastes have shifted over time. He shares examples from his platform, VINwiki, to illustrate these changes. Critical Aspects of Restoration: The panel discusses the key aspects of restoring classic cars, from sourcing parts to maintaining authenticity. They offer practical advice for both seasoned collectors and newcomers. Choosing the Right Restoration Shop: The importance of selecting a reputable restoration shop is emphasized. The panelists share tips on what to look for in a professional restorer to ensure quality and authenticity. Factors Influencing Classic Car Value: The discussion covers the various factors that influence the value of classic cars, including rarity, provenance, and market demand. Understanding these factors is essential for making informed investment decisions. Investing in High-Value Classic Cars: Bruce Meyer shares insights on investing in high-value classic cars, highlighting the importance of provenance and historical significance. He provides examples of cars that have appreciated significantly over time. Future Trends in Classic Car Collecting: The panel speculates on future trends in the classic car market, including the rise of electric vehicle conversions and the potential return to simpler car designs. They discuss how these trends might impact the value and collectability of classic cars. Navigating the Path to a Rewarding Restoration This episode provides a comprehensive look at the world of classic car restoration and collecting. From understanding the financial aspects to choosing the right restoration shop, our panelists offer valuable insights for anyone interested in this rewarding hobby. Join the Conversation We invite you to immerse yourself in this discussion on classic car restoration and collecting. Your thoughts, questions, or suggestions for future topics are greatly appreciated. Engage with us and learn how to navigate the path to successful car restoration and collecting. Meet Our Guest Panelists Bruce Meyer is a prominent businessman and real estate investor in Beverly Hills and the Founding Chairman of the Petersen Automotive Museum, where he remains an active board member. Renowned for his world-class car collection and his role in elevating hot rods to collectible status, Meyer continues to race and rally his cars internationally, reflecting his lifelong passion for automotive excellence. https://petersen.org  Ed Bolian is the founder of VINwiki, a popular automotive storytelling plat
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