One Reddit user says he was shocked when an estranged uncle, one his parents hated, left him a valuable antique car collection. The impressive collection could be worth as much as $1 million.
The young, anonymous Redditor went online to share that he received a letter from an attorney's office. The letter reported that a 'whacky uncle' that he rarely saw decided to leave him 14 antique cars being stored in a climate-controlled facility.
Among the collection, the letter lists a 1964 Chevrolet Corvette, 1967 Porsche 912, 1968 Alpine A110 1500, 1969 Jaguar XKE, 1972 Lamborghini Espada, and 2000 Ferrari 550. The Ferrari alone has an average value of over $90,000; if in perfect condition, it's possible it could be worth more than $100,000 on its own.
"Apparently he got lucky with some land holdings during the housing bubble -- selling them before it burst -- and spent most of the profits expanding and restoring his collection," wrote the nephew. "We think about 75 [percent] of the cars are in running condition, but we aren't sure which ones. The law firm has yet to get somebody with expertise into his storage facility, they just sent somebody down to get the VIN numbers and so forth."
The young man reports that his parents hated the uncle and have encouraged him to sell off the collection and be rid of it.
"They've never really liked [cars] aside from objects of basic transportation," the young man says. He later added, "...they really don't like him now that they know he was not only secretly wealthy, but also left them out of his will."
The parents did advise the redditor to keep one car for practical purposes: a 1980 Ford Bronco, “which they view as most reliable.”
The young man says he doesn't agree with his parents. "I think it would be better to hold onto the cars as long as possible. I don't think they will go down in value and I have a good, albeit entry level, job in tech that covers my living expenses. The big problem for now is finding some way to pay the lease and utilities on the storage facility when three months are up."
The redditor says he's talking to a financial adviser. As of yet, the young man hasn't shared pictures because he's not allowed to go into the facility just yet.
Source: Opposing Views
Photos: Opposing Views