A cautionary tale: The prices of exotic cars such as Ferraris, etc., was "bidded up" in the '80s, and it appeared as if there was no limit to what collectors/ investors would pay for these things. Well, there was an end in sight - e.g., if you bought a used 308 Ferrrari for $50 Grand in 1988 (with the thought in mind that it was a "superb investment") and stored it in your garage up 'til 2003, you'd be lucky to get $25 Grand for the damn thing - yes, the market "crashed". Could this happen to the used mellotron market? What are these things intrinsically worth? Is bringing a used mellotron "up-to-specs" after the initial $3 grand+ outlay economically viable... OR, is it a safer bet to buy the BRAND NEW and IMPROVED Mark VI? Buying a used mellotron sight-unseen just might offer the unwary purchaser an un-paralleled opportunity to achieve personal bankruptcy. (That's just my opinion, of course!) Thanks, G. Niles P.S. - When I sell my 308, I am getting that NEW Mark VI...
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Ferrari price crash in the '90s
2003-06-20 by thriftyn78412
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