Name ANY car that is a two seater convertible, especially built by a high end carmaker that isn't worth money...
Allante's, long-term, are smart investments, in my opinion.
I don't want this to get into a debate about the virtues/disadvantages, collectibility/non-collectibility of Allante'. However here are a few of my own thoughts and points regarding future long-range Allante' collectibility.
Everything is worth some
money. However, if you'd like an example of a two-seater, built by a luxury car manufacturer that has not fared well as a collector car for appreciation, I submit the 1972-1989 Mercedes SL series. For many years long after production ceased, this model enjoyed tremendous value retention or appreciation however, their marketplace performance had been rather lackluster over the last decade or more. I personally know a half dozen people who bought these things who lost their shirt on them, to say nothing of the exhorbitant maintenence costs ownership entailed.
Secondly, the Allante' was never particularly successful, much less lusted-after when new. Resale/trade-in value was so dreadful that GM took the unprecedented step of subsidizing trade-in values by kicking in an extra $10,000 to GM dealers trading in an Allante' just to prop up Allantes' image. Compared with the competition of the day, there were a host of cars that a serious car enthusiast would've far rather had at Allante's price. BMW M Series and offerings from Porsche and Mercedes come to mind. GM had completely missed the target.
Thirdly, Allante' styling had always been consider bland, "a high-dollar car that looks as though it had been designed by a committee..." were the words of more than one critic. Personally I always thought the car looked like a Celebrity when viewed directly from the front. Not exactly a comparison one spending mega-bucks on a supercar likes to be made.
Fourth, the Allante' is FWD. This is a major problem as serious high performance cars are never designed in that configuration for a multitude of reasons. FWD is widely regarded as a compromise design among automotive experts and this further hampered Allante's image as a viable competitor in the high-end market while further underscoring the philosophy behind the entire machine- and that was one of engineering compromise. Furthermore, FWD linked the Allante' with far more pedestrian offerings. Again, a major
detriment to Allante's image as a prestige machine.
Sixth, many Allantes had been collected an mothballed as new cars, ala 1976 Eldorado convertible. Therefore, there's no shortage of quality examples to satisfy marketplace demand. This is not going to be helpful to long term appreciation. This is almost never the case with cars that have become highly desirable and sought-after.
Finally, consider the 59-60 Eldorado Brougham. Here's a car that had been built in truly limited quantity, without any thought of being put away since new without being driven. It was a far more expensive car than the Allante' in inflation-adjusted dollars and yet it's not a particularly valuable car compared to the far more common (by a factor of 4x) of the 57-58. The 57-58 Eldo Brougham was distinctive; the 59-60 was not. Clearly, distinction plays a major role in future collectibility, and the Allante is hardly distinctive. While many foreign car offerings arguably lack distinction themselves, they did
excel in terms of performance.
Yes, the Allante is a roadster, however that in itself is not enough to compensate for the areas in which it lacks, vis-a-vis its contempories. Had the Allante' been built in 1965, just as it is, it would be a completely different story. One of the primary factors of long range collectibility/desirability is derived from how a car stacked up against the competition of the day. As one analyst said it, "What new car of its time would a young man buy if money were no object?" I suspect very few young men would have chosen an Allante' in 1987-1993.
That said, none of this is meant in any way to denigrate Allante', nor cause offence to any Alllante' owner nor any of its partisans and it undoubtedly has some fine attributes. It is simply to put into perspective some of the questions regarding potential long-term Allante collectibility, within the context of historical criteria in regards to long-term desirability- from one market observer of many years.
What the future will hold for Allante' is anybody's guess but based on the above, I just don't see it happening for many decades, if at all.
One man's opinion.