Over the top Pricing?
02-24-2007, 03:26 PM
#2
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I have never understood those that invest in cars instead of driving them.
02-24-2007, 04:40 PM
#4
Drifting
Thread Starter
Originally Posted by earlyapex
I have never understood those that invest in cars instead of driving them.
02-24-2007, 04:54 PM
#5
Burning Brakes
Originally Posted by Jay H
Car collecting is an entirely different world. These things are no longer cars, they are artwork.
02-24-2007, 06:28 PM
#6
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Jay: I've given this topic a lot of thought, and what I don't understand is the $100K+ Hemi-Cuda. A close friend had one when they were new, the car was a Joke! It didn't handle well or stop well, it didn't have quality fit & finish, but it went from 0 - 120 mph in light-speed, now the guys at Barrett-Jackson are getting rich because of these cars. The '73 RS, 2.2Ss and 2,4Ss have been magic for some time now, I've wondered how long it would talke for the rest of the pack to get dragged along. Not long ago a '58(?) Speedster sold for about $130K, which set a new benchmark for those cars. Lightweight '73 RSs have touched $200K, and Touring models are over $100K. I think what might have slipped by us is that the newest long hood car is almost 35 years old - and they're still really nice to drive, even use daily in some cases. I truly don't think that another 35 - 40 year old car exists that you can get in, buckle up, and go like you can in a long hood 911. Pure magic, thses cars. But, you're right, $100K is pretty hard to take. If it sells I'll be shocked, well, maybe not!
Pete
Pete
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02-24-2007, 07:34 PM
#8
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Look who is selling that car. He also has a 1992 US Cup for $170,000. The owner of the Cup is looking to get $120,00 for it, while the CT consignment specialist is trying to make a $50K killing. Good luck Dick.
02-24-2007, 08:24 PM
#9
Nothing wrong in having a reputation for selling fine cars and getting a premium - as long as they really are fine cars. The fact is that there are those that can readily afford to pay such a premium. I wish I could tell you I'm sorry it's happening, but I'm not. I'm only glad I have the good fortune to enjoy a 911 as the makers intended. If only spring would spring that is.
When I was a child, it was possible to find real antiques in antique shops. More interest, more buyers and demand has put those types of antiques into Sothebys et al. Now we find we have cars from the pre emissions and post emissions eras. Post emissions cars will break at the modern electronics era. I know what I prefer, and it centers around perfected fuel injected cars of the 80s, and built carbed cars from the 60s & 70s. I am not the only one who feels this way.
Buy you antiques now.
When I was a child, it was possible to find real antiques in antique shops. More interest, more buyers and demand has put those types of antiques into Sothebys et al. Now we find we have cars from the pre emissions and post emissions eras. Post emissions cars will break at the modern electronics era. I know what I prefer, and it centers around perfected fuel injected cars of the 80s, and built carbed cars from the 60s & 70s. I am not the only one who feels this way.
Buy you antiques now.
02-24-2007, 09:05 PM
#10
Burning Brakes
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A car is worth what ever someone is willing to pay, there is an *** for every seat right? I'm sure there is a guy in his 60's that wanted one of these new, couldn't afford it and is now a well off retired CEO and $100K is nothing to have the car you wanted years ago, in like new shape.
I don't know where he finds these cars. Little old widows that he steals them from after their husband has been long dead? From enthusiasts he pays a finders fee? word of mouth from other dealers that can't afford to put it in their own showroom? Who knows, but if you want a super low mileage rare Pcar, its a place to get one if you have cash and no time to hunt.
As for me, even if I could, I would pass as I would be too afraid to drive a museum piece, let alone tear it a new one on a canyon road.
I don't know where he finds these cars. Little old widows that he steals them from after their husband has been long dead? From enthusiasts he pays a finders fee? word of mouth from other dealers that can't afford to put it in their own showroom? Who knows, but if you want a super low mileage rare Pcar, its a place to get one if you have cash and no time to hunt.
As for me, even if I could, I would pass as I would be too afraid to drive a museum piece, let alone tear it a new one on a canyon road.
02-25-2007, 04:32 AM
#12
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Hi Gang, while I'm no market maker or a current buyer or seller here's the experience of my '72t, (#1949) Sepia Brown:
1998 purchased $9500 - needed a clutch, already a PMO weber conversion with sticker
2000 built a hot-rod 2.7 JE pistons, E cams & electromotive
2001 was backed into in a parking lot, put on SC flares
2001 had offer for $15k - buyer with check book ready
2006 got an offer from a local (Omaha, NE) broker for $19k
It just makes no sense why a car that isn't for sale and isn't stock is going up in value, but as they say it's worth what the market says...Brown Car isn't for sale. But it does make a boy wonder.
1998 purchased $9500 - needed a clutch, already a PMO weber conversion with sticker
2000 built a hot-rod 2.7 JE pistons, E cams & electromotive
2001 was backed into in a parking lot, put on SC flares
2001 had offer for $15k - buyer with check book ready
2006 got an offer from a local (Omaha, NE) broker for $19k
It just makes no sense why a car that isn't for sale and isn't stock is going up in value, but as they say it's worth what the market says...Brown Car isn't for sale. But it does make a boy wonder.
Last edited by ebsalem; 02-25-2007 at 04:35 AM. Reason: serial number
02-25-2007, 10:28 AM
#13
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"When I was a child, it was possible to find real antiques in antique shops. More interest, more buyers and demand has put those types of antiques into Sothebys et al. Now we find we have cars from the pre emissions and post emissions eras. Post emissions cars will break at the modern electronics era. I know what I prefer, and it centers around perfected fuel injected cars of the 80s, and built carbed cars from the 60s & 70s. I am not the only one who feels this way."
that's well said, time marches on and things change, whether we notice it or not.
while i do love watching it, barrett-jackson's recent push towards the mainstream is about making a buck rather than advancing the hobby of the automobile. watching someone pay $100k for specific '50's iron from their childhood is one thing, but letting an endless parade of mid-year corvettes go through the block is simply pandering to the correct demographic of the moment....i.e.- boomers with disposable income who worshipped these cars only. (i prefer the RM auction on ESPN classic, you will see a much wider array of terrific cars from europe and the US).
on the other hand, this is america not europe. our love of the automobile came from cruising, hod-rodding, drag racing........none of which the wonderful 911 was created for. there will always be a big segment dedicated to this american-centric perspective. personally, i'm a gen x-er......i spent almost 10 years of childhood with a subscription to car and driver, which of course is not dedicated to the art of driving your car as fast as possible in a straight line. my bedroom was adorned with sports cars from us, euro, japan, etc.
as time marches on i would expect a similar scenario- in the sense that there will be an increased number of people wishing for their childhood dream, and in the case of the air-cooled 911 the reality isn't as pete described with the 'cuda. it truly is a work of art that will turn a noob into an ardent follower every time.......and they ain't makin' no more of 'em.
my plan is to have my cake and eat it too: enjoy now but take care of it so i can covet later.
that's well said, time marches on and things change, whether we notice it or not.
while i do love watching it, barrett-jackson's recent push towards the mainstream is about making a buck rather than advancing the hobby of the automobile. watching someone pay $100k for specific '50's iron from their childhood is one thing, but letting an endless parade of mid-year corvettes go through the block is simply pandering to the correct demographic of the moment....i.e.- boomers with disposable income who worshipped these cars only. (i prefer the RM auction on ESPN classic, you will see a much wider array of terrific cars from europe and the US).
on the other hand, this is america not europe. our love of the automobile came from cruising, hod-rodding, drag racing........none of which the wonderful 911 was created for. there will always be a big segment dedicated to this american-centric perspective. personally, i'm a gen x-er......i spent almost 10 years of childhood with a subscription to car and driver, which of course is not dedicated to the art of driving your car as fast as possible in a straight line. my bedroom was adorned with sports cars from us, euro, japan, etc.
as time marches on i would expect a similar scenario- in the sense that there will be an increased number of people wishing for their childhood dream, and in the case of the air-cooled 911 the reality isn't as pete described with the 'cuda. it truly is a work of art that will turn a noob into an ardent follower every time.......and they ain't makin' no more of 'em.
my plan is to have my cake and eat it too: enjoy now but take care of it so i can covet later.
