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Old 14-02-2024, 12:21 PM   #5
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Join Date: Dec 2013
Location: Western sydney
Posts: 8,298
Default Re: Drug Raid GT - Proceeds of Crime

Classic baz who i used to work with had an almost believable theory as to why a lot of Australian 70s performance cars that were worth not alot in the 80s and early 90s shot up in value. Money laundering in the drug trade. So im using made up numbers, but say a dealer buys say an slr5000 that was worth say 5k, but payed 105k because it had 100k of gear in the boot, on paper the car is now worth 105k. So the car is now an asset worth 105k. Then that trend inflates the prices of people who are legit and own similar cars.
When i was fixing up some of the hi bays at shannons in artarmon i asked one of the staffers to move a phase 3. It had trays under it because it was leaking from everywhere, but i asked what he reckoned it would go for. He said half at a minimum, the leaks are genuine. I kept an eye on what it went for, 750k.....
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