Rich people don't know what to do with their money.

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Packard

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Rich people don't know what to do with their money.  At $19,952.00 this scale model may have the man-hours involved that justify its price. It is shown in the post-race (24-hours of LeMans) condition.  It is damaged as shown in photographs of the race winner. 

But how do you justify spending $20,000.00 dollars on a model car.  (It does look nice though.)

Here is the link: https://www.autoweek.com/car-life/c... -- High Minus Dormant and 90 Day Non Openers

porsche-917k-1971-le-mans-winner-race-weathered-1-8-scale-1-1629774948.jpg
 
A lot of people say the same about buying Festools, or other high-end or collectible tools.  What brings one person pleasure another scoffs at.  What’s the point of trying to justify one’s own purchases to others or unjustifying someone else’s?  At the end of the day if you earned your $ without wronging others, you only need to justify it to yourself.  If that’s a 20k model car, so be it! 

 
True, how many people paid enormous sums for a cheap wood frame
with some canvas stretched across it that someone splattered paint on.
 
As the article points out, they're still cheaper than the real thing.

For anyone who has watched Barrett-Jackson or other auctions lately, they can tell you that 'collectible' cars are stupidly priced nowadays.

I can almost guarantee someone who has the real thing will also buy the model, of at least one of these.

Models like this and other high-end collectibles are also a "convenient" way to convert unreported cash into hard assets that can then be re-sold for clean cash.
 
All depends what yer interest is, collectors will pay whatever it takes to get the collectables they are collecting
 
live4ever said:
A lot of people say the same about buying Festools, or other high-end or collectible tools.  What brings one person pleasure another scoffs at.  What’s the point of trying to justify one’s own purchases to others or unjustifying someone else’s?  At the end of the day if you earned your $ without wronging others, you only need to justify it to yourself.  If that’s a 20k model car, so be it!
Click to expand...

Yeah, it's all relative. If you are rich enough, 20k is no different than the $20 in the average guy's pocket.
Some people do seem to have issues with Festool, but I don't see them as "collector tools" like I would with things like hand planes. Many hand planes are nothing but display/collector pieces, that never get used.
I use my Festool equipment every day and have made enough money with the increase in speed to have them pay for themselves. The tracksaw, Domino, CXS, and MFT clamps/dogs are invaluable to me and my workflow. The "piece of mind" of the system approach has value too.
I have had visitors to the shop go all starry-eyed when they see them, but it's just because of the way they are stored. This kind of puts them "on display", but it's really just the Systainers and you would have to know what that means in the first place. It does appeal to the organized type person, even if they know nothing of the brand inside.
 
Another thought is that a $20K model is way cheaper to own and maintain than the real race car…. [wink] [wink]
 
Hobbies are...just hobbies.  [smile]

From collecting toothpick holders (yes there is a devoted following) to collecting ocean going yachts you can spend way too much money on whatever hobby consumes you.

Personally, spending $20K on a 1/8th scale model is really a rather benign issue as once you've spent the $$$, what else is there to provide? Some small energy costs to highlight the scale model under perfect LED lighting and maybe a custom built display cabinet...after that you're home free after you've paid the home owners insurance premium.

On the other hand take an airplane or a 150' custom motor yacht, the cost of the ship, the yacht storage, the fuel costs, the maintenance, the harbor/dockage fees, the insurance, the 12 person crew, the helicopter pilot...will this never end? And yet, there are hundreds of large yacht owners around that find these many expenses as just simply the cost of doing business, they just shrug their shoulders and order another 10# of Beluga-Albino caviar for the guests.

FWIW...I really like the late-race detailing they did on the 917K, if I had $20K laying around just waiting to be spent, it'd be a consideration.
https://www.classicdriver.com/en/article/cars/le-mans-winning-porsche-917-was-one-hit-wonder
 
Cheese said:
On the other hand take an airplane or a 150' custom motor yacht, the cost of the ship, the yacht storage, the fuel costs, the maintenance, the harbor/dockage fees, the insurance, the 12 person crew, the helicopter pilot...will this never end? And yet, there are hundreds of large yacht owners around that find these many expenses as just simply the cost of doing business, they just shrug their shoulders and order another 10# of Beluga-Albino caviar for the guests.
Click to expand...

It's been said that "a boat is a hole in the water into which you pour money".  The only minor difference with an airplane is that the hole is in the sky...  [wink]
 
They say if you have to ask how much the upkeep is...you can't afford it
 
A sailing boat is the same as standing under a cold shower and ripping up hundred dollar bills at the same time. Been there and done that and it was only a small boat.
 
Mini Me said:
A sailing boat is the same as standing under a cold shower and ripping up hundred dollar bills at the same time.
Click to expand...

Hmmm...I'd consider it to be more of a tepid shower.  [smile]  However if you can sail in the right areas, it's a real gas and an experience I'd never regret and would strongly encourage. It's something that will stay with you for the rest of your life. That said, hobbies are still just hobbies and they all cost $$$$.  [smile]
 
[member=58818]Mini Me[/member] ...thanks for the video, that's pretty thrilling.  [big grin]  I've watched it 5 times with the sound track turned up.

The size of the wake is something you'd expect from a power boat.  [eek]  Although, I suppose any 100 foot long boat traveling at 38 knots (44 mph) would leave its heavy imprint.

Good choice for the sound track too...Stranglehold indeed. The adrenalin rush is the Stranglehold.
 
When I was in college (Syracuse, Class of 1970) a friend of mine used to race iceboats.  They would exceed 60 mph.  For a photography class he mounted a camera aimed at his face.  Not only did the wind deform his face, but the shards of ice thrown up by the forward-mounted blade would also hit his face and he had rivulets of blood streaming across his cheeks.  (He wore goggles.)  The ice shards would melt almost immediately, so all he had to do was wash his face when he got home. 

No visible wake though.

I see that the moderns iceboat racers wear full helmets, so the opportunity to get that photograph has passed.

6a012876bd85ec970c014e867d8c78970d-pi


 
uh, don't know about that. they seem to spend a lot of time and money hiding it for their children.

 
Regardless of the topic title lets not go off track with the spirit of this topic and turn into something that was not intended.

Seth
 
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