Like sheehan's article highlights, I've also been thinking a lot about the shift in demand for classic cars as we know them today. I'm on the older side of the millennial generation and see that classic car events, shows, forums (especially this one), etc really lack the presence of millennials - both from an ownership and interest point of view. Most of them are baby boomers.
I'm one of the very few millennials (I know only 2 others out of hundreds) in my circles in Asia, Australia, Europe, and the US who own/love classics (I will not drive a modern car when I can help it - life is too short). Over the years, I've gotten a ton of thumbs ups from people while driving my classics - but 90% of them have been from baby boomers.
As much as I don't want to see it, my hunch is telling me that over the next 10-20 years, demand (and prices) for 60s and 70s cars will decrease significantly as many millennials can't drive stick, believe classics break down all the time, and seem to prefer speed/technology over classic beauty. On top of that, many baby boomers who have held onto their pride and joy for decades will finally offload more supply into the market for the first time resulting in lots of sellers and fewer buyers.
I'm hoping I'm wrong due to my exposure in and pure love/passion for classics..but if I'm not, at least I've found the one thing that makes me feel alive every time I'm behind the wheel.
On a positive note, if this does happen, I'll hopefully be able to finally buy that miura for half off today's crazy prices