Bugatti sold a few weeks ago for 30 million.http://www.autoblog.com/2010/05/05/1...rd-30-million/
These cars are like status symbols among collectors. If I made that kind of money I would be all over them myself.
I may not be able to afford 200k cars but I can afford certain cars that have not taken off yet. Most luxury cars from the 20s and 30s are far beyond the reach of the average man. Cars from the late 40s and 50s are still affordable. 10 years from now that will be a different story.
The thing is the cost of restoring a car is fucking expensive. Thats a huge factor in driving up the prices. One reason is if it cost you 100k to restore the rust bucket in your back yard you may just trash it. Also if your looking for one of those cars paying 80k for one in mint condition makes alot of sense.
I built my 914 over the last 3 years at a cost close to 6 figures.
I plan to keep it for life but if I had to sell it right now I would get raped so fucking bad. I would be lucky to get 40k for it right now. But I never plan to sell so I don't worry about that to much.