Air Cooled Bubble?
#527
#529
Pro
Mixed results at Monaco too, quite a few failed to reach reserves/estimates resulting in no sale. Sobering of the market is the correct term as some estimations were just silly such as this Peter Klasen 007 - 65 which was estimated at 300-400,000 euro but went for €75,000 ish + fees.
http://www.rmsothebys.com/mc16/monaco/results/
http://www.rmsothebys.com/mc16/monaco/results/
An 89 speedster only brought 128,000 euro, maybe more indicative.
A RUF turbo had the buyers' interest at 224,000 Euro though.
#530
Since the upper segments of the car market seem to follow the art market this is an interesting story. It may not involve anyone on this forum but it's interesting. I could see the same thing happening with some Ferraris. Porsches? Not so much.
Richard Newton
Has Your Restoration Hit the Financial Wall?
Richard Newton
Has Your Restoration Hit the Financial Wall?
Last edited by 73911; 06-05-2016 at 09:42 AM.
#531
Burning Brakes
A few crazy examples of asking prices in Canada.
1987 911 nothing special 87,000 miles asking CAD$115,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=23_15_75
1992 C2 107,000km asking CAD$93,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=28_15_75
1988 911 81,000km asking US$80,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=38_15_75
There is no way those cars will get sold remotely close to asking price.
1987 911 nothing special 87,000 miles asking CAD$115,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=23_15_75
1992 C2 107,000km asking CAD$93,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=28_15_75
1988 911 81,000km asking US$80,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=38_15_75
There is no way those cars will get sold remotely close to asking price.
#532
I definately see a correction. Cars are sitting a lot longer and you are seeing price reductions on the normal 911s.
I sold my 997 TT earlier this year and have been watching the market carefully. I am going to take a wait and see approach. A year ago any G-50 car would be sold in a day or two, now that's not the case.
Larry
I sold my 997 TT earlier this year and have been watching the market carefully. I am going to take a wait and see approach. A year ago any G-50 car would be sold in a day or two, now that's not the case.
Larry
#533
#535
Burning Brakes
I definately see a correction. Cars are sitting a lot longer and you are seeing price reductions on the normal 911s.
I sold my 997 TT earlier this year and have been watching the market carefully. I am going to take a wait and see approach. A year ago any G-50 car would be sold in a day or two, now that's not the case.
Larry
I sold my 997 TT earlier this year and have been watching the market carefully. I am going to take a wait and see approach. A year ago any G-50 car would be sold in a day or two, now that's not the case.
Larry
#537
GT3 player par excellence
Lifetime Rennlist
Member
Lifetime Rennlist
Member
well i have a 25,000 mile 86
$125,000 buys it ;-)
$125,000 buys it ;-)
#538
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A few crazy examples of asking prices in Canada.
1987 911 nothing special 87,000 miles asking CAD$115,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=23_15_75
1992 C2 107,000km asking CAD$93,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=28_15_75
1988 911 81,000km asking US$80,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=38_15_75
There is no way those cars will get sold remotely close to asking price.
1987 911 nothing special 87,000 miles asking CAD$115,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=23_15_75
1992 C2 107,000km asking CAD$93,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=28_15_75
1988 911 81,000km asking US$80,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=38_15_75
There is no way those cars will get sold remotely close to asking price.
#539
Burning Brakes