Is the buyer an idiot?
By David S. Wallens
Sep 12, 2019
|
Alfa Romeo,
Car Catcher
| Posted in
Data & Communication
,
Product Reviews
| From the May 2014 issue
| Never miss an article
We originally ran this story in our May 2014 issue. Did this prove to be a sound investment? According to Hagerty, a No 1, concours-ready Spider Quadrifoglio still only commands $25,600, making this Alfa an outlier.
This Alfa Spider sported very few miles and was in showroom condition, but the model is neither rare nor exceedingly desirable. Its hammer price of $46,200 at Gooding & Company’s Arizona auction was much more than it cost new. We reckon the car was worth around $16,000, making this look to be a very poor purchase decision. We guess someone really needed to pay a world-record price for a 1989 Alfa Romeo Spider.
Is the buyer an idiot?
Maybe it was a sentimental purchase? Anyway, I've updated this with 2019 prices. Yeah, still in the red.
Displaying 1-2 of 2 commentsView all comments on the CMS forums
You'll need to log in to post.
