After you've bought your mansion on Lake Road, your sprawling villa in South Beach, flats in London, Paris and Manhattan, along with multiple yachts and who knows what else rich people spend their money on, what do you drive? Or what did you drive if you were Mr. Got Rocks in the "Go-Go" '80s?
If you had about $110,000 to spend on one car in 1985, perhaps you found the Rolls Royce Silver Spirit to your fancy. That would be approximately $240,000 in today's money. $240,000 would buy a nice house here in Cleveland.
Perhaps it's just me and my Chevy Impala taste in cars but, I'd rather have the $240,000 house. If I was smart (or lucky) enough to have that kind of money to buy something so utterly ostentatious, showy and ridiculous, it would go against those smarts to spend that much money on a depreciating asset.
I did a nationwide search on RR's of similar vintage to our '85 Silver Spirit and I couldn't find one that broke the $20,000 asking price threshold. Ruh-roh. That's not good.
Meanwhile, back at the ranch, if you dropped $110,000 in 1985 on a house facing Lake Erie in Bay Village, Rocky River or Avon Lake, chances are you're in a position now to spend $240,000 on a new Rolls.
Would you?
I wouldn't.
Although I would love to try and get the best price I can on an old one like this. After I found a good mechanic who could work on it for me.
How much you asking?
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