Air Cooled Bubble?
#677
Racer
Meanwhile, this nice '89 Targa with some paintwork just sold for $51.5k on BAT:
http://bringatrailer.com/listing/1989-porsche-911-2/
http://bringatrailer.com/listing/1989-porsche-911-2/
You could put the same car on ebay and somehow your final selling price will be thousands more on BAT. I honestly can't figure it out.
Best place to sell a car right now, likely the worst place to buy one.
#678
At least we can trust the BAT prices a lot more than what we're getting from the auction houses. I've gotten to the point where I don't believe anything an auction house tells me.
Richard Newton
Richard Newton
#681
I'm thinking a nice 3.2 coupe might be $45,000 soon. Hagerty has the 1988 #2 at $52,000 and holding steady. I can see finding a really nice one for $45,00 very soon.
Richard Newton
Richard Newton
#682
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The market has peaked. Time for it to sleep for awhile again.
Good cars have traded handed for record money.
Asking prices on all cars and auction reserves have hit all time highs.
Do not expect prices to climb any higher in the next 5 years. This is it for now.
On the creme de la creme cars, they will continue to trade hands at their current prices.
Everything else will either sit or adjust price to sell.
Follow the auctions between now and this time next year. Should be interesting to see what happens.
Good cars have traded handed for record money.
Asking prices on all cars and auction reserves have hit all time highs.
Do not expect prices to climb any higher in the next 5 years. This is it for now.
On the creme de la creme cars, they will continue to trade hands at their current prices.
Everything else will either sit or adjust price to sell.
Follow the auctions between now and this time next year. Should be interesting to see what happens.
#683
Rennlist Member
#684
Rennlist Member
The market has peaked. Time for it to sleep for awhile again.
Good cars have traded handed for record money.
Asking prices on all cars and auction reserves have hit all time highs.
Do not expect prices to climb any higher in the next 5 years. This is it for now.
On the creme de la creme cars, they will continue to trade hands at their current prices.
Everything else will either sit or adjust price to sell.
Follow the auctions between now and this time next year. Should be interesting to see what happens.
Good cars have traded handed for record money.
Asking prices on all cars and auction reserves have hit all time highs.
Do not expect prices to climb any higher in the next 5 years. This is it for now.
On the creme de la creme cars, they will continue to trade hands at their current prices.
Everything else will either sit or adjust price to sell.
Follow the auctions between now and this time next year. Should be interesting to see what happens.
I am seeing more buyers relaxing on trying to find a car that meets their criteria and more willing to buy a needs everything car and spending to make them like new again than I have ever seen before. To me that speaks boat loads
#685
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However, it is not cheap to take a driver and bring it up to perfection status.
But with current values, it has been worth while for some.
#688
Drifting
Anybody read this article about price plateau, and is it really true?!
http://www.foxnews.com/auto/2016/10/...rsche-911.html
http://www.foxnews.com/auto/2016/10/...rsche-911.html
#689
Maybe but a value plateau is nothing over time if the object itself holds an intrinsic value which the 911 does. Again, I remember plateaus and sharp drops in the values of Jag E types - especially the "less desirable" series 2 and 3 models. Take a look at those cars now and hold your breath.
If you're looking to buy and flip a 911 in a year or so - then maybe you won't be totally thrilled but otherwise these cars will continue to appreciate.
If you're looking to buy and flip a 911 in a year or so - then maybe you won't be totally thrilled but otherwise these cars will continue to appreciate.