I am surprised that this is the first post with this exact title…
I guess I have to give the weather forecasters some credit. For about the last ten days an elevated chance of rain had been predicted for this time frame, although initially it was yesterday–Friday–that was thought to have the best chance of rain. In recent days, the highest probability for precipitation, actually the only day with a significant chance, was predicted to be today.
Of course, the best laid plans of mice and men…for the top video I was hoping to capture some lightning and thunder. Almost as soon as I stopped recording we had lightning and thunder.
The newly installed rain gauge in the courtyard at our house indicated about a half-inch of precipitation when we returned from breakfast this morning. This jibes very nicely with the reading from the gauge closest to our house and monitored by the county in which we live; that reading was .51 inches of rain in the six hours ending about 20 minutes ago.
I took some photos from the car on the way to breakfast, no I was not driving, but upon further examination they simply don’t convey the true sense of the sky. As I have mentioned before, sometimes what you see with your eyes (and brain) is not reflected in the camera.
I cannot remember the last time we had significant rainfall. Of course, our monsoon season was a dud, but that happens on occasion.
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From this Newsweek piece comes these words:
“Today, political correctness and the woke movement have defined words and images as weapons that should be banned for offending political categories and self-defined oppressed groups. It is tolerance of all ideas—except those they disagree with, and it follows the adage that if you can’t win the argument, you change the rules. It treats people as children who must be shielded from conversation, unable to manage a verbal exchange without supervision, and it is a direct threat to freedom of speech and liberty—as well as the truth.”
Amen to Michael Ramirez!
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This Hemmings piece begins,
“They’re calling it the “Great Reset” in the commercial property sector. In the fine art world, they are using the term “contraction.” Here in the collector car world, we might just want to call it a “reality check” as prices for our beloved vehicles are coming back down to Earth after years of a historic run up.”
Here is another excerpt from the Hemmings piece by Terry Shea,
“[A]verage sale prices at both live and online auctions [were] down some 17% in October 2023 compared to October 2022, according to Classic.com. The pull back in average values followed an 18% drop in September 2023 in terms of year-over-year values. The same set of aggregate data released by Classic.com showed a sell-through rate of just 62% for October, a drop of four points from the prior year and significantly below the rates of 2019, 2020, and 2021.”
Could the decline in auction prices signal a time to buy? In stock investing we are warned not to try to catch a falling knife. Of course, and as I have written ad infinitum, I don’t believe buying a car should be a financial investment, but an investment in the enjoyment of life. You should buy a car that you really want to buy and at a price with which you feel comfortable.
At Mecum’s last auction for 2023, November 30-December 2 in Kansas City, this car will cross the block on Thursday the 30th:
The inclusion of this car in one of my blog posts should, of course, come as no surprise to regular readers. This is a 1990 Cadillac Allante with an odometer reading of about 61,000 miles. The 1993 Allante was included in my last Ultimate Garage, version 3.0 published 28 months ago (!!).
I have seen these cars sell at auction for under $2,000 all in and I have seen them go unsold with high bids near $30,000. While I am NOT in the market for a car at present (sorry, DDM), and I don’t think I will buy another convertible as long as I own the F-Type, I am almost certain I will always think these cars look great.
Once again, I welcome thoughtful comments on the automobile auction market or any other topic you deem relevant. Of course, I have final say in terms of what is published so be civilized in addition to being thoughtful. Thanks.
#DesertRain
#WokeIsACult
#CadillacAllante
#IStandWithIsrael!
#somanyCARSjustonelife
#disaffectedmusings
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