Saturday, September 19, 2009

Hooper Bentley Empress II.... defining depreciation

Advertised for £350,000.00 in 1991. In todays money, according to was worth £771,303.41 in 2006 ... about what they were asking for a Bugatti Veyron. Yeah, the million US dollar car. So why is it remarkable that it cost equivalent to a Veyron? I just found one up to sell at $85 thousand. 1/10th the original asking price.

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