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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (434)	10/31/2000 11:36:08 AM
From: swisstrader	Read Replies (1) \| Respond to of 74559

Mike...if you're a dealer in NYC, call Manhattan Motor Cars and ask how long a wait for a Porsche or call any BMW dealership in NY, CT or NJ and ask how long for an X5, an M3 or an M5...6-9 month wait minimum...demand for MANY top end cars is HUGE and the list is growing, not getting any shorter...art is a VERY different animal and the art world, as you well know, has been in the doldrums for 5 yrs or so now...my mother is an artist and suffers many of the same woes and her dealer isn't getting any richer either...not arguing that we will not have a slowdown, just not of the magnitude many here are predicting.

To: marginmike who wrote (434)	10/31/2000 4:13:23 PM
From: Andy Thomas	Respond to of 74559

--If you think the economy wont slow signifigently with the markets down 10-30%, oil at 30, Inflation(real inflation)up 50%(from 2 to 4%), and to boot the worst credit crisis since 98. Well keep wishing and dreaming. The economy will start contracting within 24 mos. -- ho ho ho andy

To: marginmike who wrote (434)	10/31/2000 5:25:09 PM
From: michel ciambra	Read Replies (3) \| Respond to of 74559

Im afraid, im calling your BS. I collect art, specifically modern 20th century art. That market has never been better. Maybe the Car market is having a downturn and i hear that the second hand market is a buyers gift, but as far as im concerned, the art market is boiling nicely thank you very much.

To: marginmike who wrote (434)	10/31/2000 5:47:14 PM
From: TH	Read Replies (1) \| Respond to of 74559

You are right. One of my cars has been on the block at my local dealer for three weeks. Six months ago he used to call me every month and say he had a buyer for it and did I want to sell. When I brought it in he offered me a deal on a new one, with mine as a trade. A deal? He never offered any deals on the last two I bought. He said the market has gotten real soft, and I live in the the car town. Have a good one. TH