Air Cooled Bubble?
#137
Smart buyers hire someone who really knows these things to prevent getting cheated.
#138
#142
It's not just speculators and ignorant fools "driving" up the price of these cars. The real cost of ownership has gone up.
BTW, I purchased my company 6 years ago last month. I have not raised the price of my parts during that time. Not many serving these cars can say the same. The German OEM parts that I resell, and we don't make in house, have gone up. But not the things under my own roof. Just an aside with no real point.
#144
#145
I'm a survivor of the "Dot-Com" bubble, and the "Telecom" bubble... but today, Internet and Telecom companies are creating trillions of dollars of value.
I've seen countless internet and telecom "airballs" pumped by Investment Firms crash and burn, but the concept was correct.
Its about quality, and quality cars, (or companies or real estate or art), will always hold or build value, but when unsophisticated buyers come into the market looking to make a quick killing, they get slaughtered.
I've seen countless internet and telecom "airballs" pumped by Investment Firms crash and burn, but the concept was correct.
Its about quality, and quality cars, (or companies or real estate or art), will always hold or build value, but when unsophisticated buyers come into the market looking to make a quick killing, they get slaughtered.
#147
Take a look at the values of E30 M3's currently. The Hagerty Report shows the category 1 1989 M3's currently should bring $105,000.
3-4 years ago you could buy a prestine E30 M3 for around $7,000-$10,000. Which really gives it a huge increase when you compare to todays pricing. Most E30 M3's sell from $26,000-$45,000 with cars out there being asked $55,000-$60,000.
There is no bubble. Truth is inflation, a lot of cars being totalled racing and street driving makes these cars more rare. The original car will fetch more money than the car that sat in the back yard for the last 10 years. And the original cars are becoming more rare. Makes me almost not want to drive mine!
3-4 years ago you could buy a prestine E30 M3 for around $7,000-$10,000. Which really gives it a huge increase when you compare to todays pricing. Most E30 M3's sell from $26,000-$45,000 with cars out there being asked $55,000-$60,000.
There is no bubble. Truth is inflation, a lot of cars being totalled racing and street driving makes these cars more rare. The original car will fetch more money than the car that sat in the back yard for the last 10 years. And the original cars are becoming more rare. Makes me almost not want to drive mine!
#148
The bubble has burst....a bit. Hagerty values are TOTALLY OVER COOKED.......I recently sold my 1989 Turbo Cab to a dealer........That dealer is now trying to sell it on ebay and the price keeps dropping....with no bidders......A Beautiful 1989 Speedster was offered to me for less than the price I sold my Turbo for. Speedster has a "so called" higher value than a same year turbo.....Same mileage....same color..... The real market is what people are willing to pay...not what Hagerty tells everyone........ and not what the asking price is......
#149
The bubble has burst....a bit. Hagerty values are TOTALLY OVER COOKED.......I recently sold my 1989 Turbo Cab to a dealer........That dealer is now trying to sell it on ebay and the price keeps dropping....with no bidders......A Beautiful 1989 Speedster was offered to me for less than the price I sold my Turbo for. Speedster has a "so called" higher value than a same year turbo.....Same mileage....same color..... The real market is what people are willing to pay...not what Hagerty tells everyone........ and not what the asking price is......