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CASTRO'S EXPORTS
(FORTUNE Magazine) – ) If you're looking for such classics as a 1959 Cadillac, a 1951 Olds Super 88, or any fin-tail De Soto, Cuba is a good place to go. Barred from buying U.S. cars since the 1962 embargo, owners have preserved the ones they had, many dating to before Fidel Castro's 1959 rise to power. Provided the cars have not been excessively patched with Soviet parts, they are now worth a small fortune in the U.S. A 1959 Cadillac convertible in mint condition sells for $106,000. Enter the Cuban government, which is desperate for hard currency. It reportedly is selling some of its antique autos to foreign tourists and has a fully stocked warehouse-cum-showroom in Havana. If Americans buy them, they will be breaking the law; the trade embargo is still in effect. |
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