Time to reconsider how you view your car?
#16
Rennlist Member
When you consider what a new base Porsche 911 will cost by 2019 I don't see these numbers being unrealistic. I don't see the 3.3's reaching those numbers until closer to 2018 and I agree the SL and package cars will be higher due to the numbers made alone.
Looking back when they were unloading the Big reds they were a great buy and wish I had kept the extra sets I had along with the extra sets of speedlines. I am just hanging onto my turbo S tail in its original gel coat but I don't see how that can command all that much since after a point it would be cheaper to have someone copy it for less although the IC shrouds would be far harder to copy.
Looking back when they were unloading the Big reds they were a great buy and wish I had kept the extra sets I had along with the extra sets of speedlines. I am just hanging onto my turbo S tail in its original gel coat but I don't see how that can command all that much since after a point it would be cheaper to have someone copy it for less although the IC shrouds would be far harder to copy.
#18
Rennlist Member
Prices have been around £90k. Could be higher in spring. Would you want to leave it with a dealer or try to sell privately ? Let me know if i can help. You will miss it.
#19
Rennlist Member
Good cars in NZ have been on the market at GBP 60k and not selling. It would cost about GBP 20k for shipping, duty etc so it works financially. I would probably look at private interest first, then I leave it in the UK for up to a year to sell through a dealer if that took awhile. I could do two trips if need be, and the worst case is ship it back to NZ. This is likely a couple of years away.
#20
Rennlist Member
I agree. A GT3 is what I would trade mine for and only because I would then actually drive it. As it is the Turbo just sits on the lift. Race tracks are my real addiction.......
#21
I am not as confident in the market as most. I look at early/mid 911's like stand up pacman video games. 15 years ago a good one was $500.00 now they are $3500 and up Why?? Because the generation that played them as kids are now aspiring to relive their childhood. I believe the same thing is happening with early/mid Porsches. They have become aspirational products and the kids that dreamed about them in the 80's and early 90's now have the funds to purchase them, which has made the market go bonkers.
Porsches, historically, have never traded even close to their as new MSRP. Today that is not the case. I also think people are looking for anything to invest in that might realize some appreciation. Usually when this happens the bubble bursts. The muscle car craze is a great example. Most of the muscle cars that traded at 300-400K only a few years ago can now be had for a 1/3 of that. Plus the fact when dad dies today and leaves his kid a 250K 1969 Camaro the kid looks at it like its an old piece of sh*t. It is not his aspirational item, it was his dads, he would rather have a new Nissan GTR.
Porsches, historically, have never traded even close to their as new MSRP. Today that is not the case. I also think people are looking for anything to invest in that might realize some appreciation. Usually when this happens the bubble bursts. The muscle car craze is a great example. Most of the muscle cars that traded at 300-400K only a few years ago can now be had for a 1/3 of that. Plus the fact when dad dies today and leaves his kid a 250K 1969 Camaro the kid looks at it like its an old piece of sh*t. It is not his aspirational item, it was his dads, he would rather have a new Nissan GTR.
#22
Rennlist Member
I think you are right with regular base 964 993 etc If it carries on at this rate
There will be a shakeout. Not sure about the boomers and bust
964 Speedsters , RS , Turbo's are true classics . The price of 2.7 RS , early 911 , 930
356 ect are all still rising..
There will be a shakeout. Not sure about the boomers and bust
964 Speedsters , RS , Turbo's are true classics . The price of 2.7 RS , early 911 , 930
356 ect are all still rising..
#23
Instructor
Craig,
I totally see what you are saying but i also think there is something to be said for the fact that these cars are not only the last of the air cooled cars but also last of the true manuals.
As far as the kids that inherit these cars, yes i also agree and i had laugh because its so true...On the other hand it all depends on the Kid. If i was left a 69 Camaro, it would be sold instantly, a 69 911 S different story, treasured.....
I still don't see why low production Porsches can't appreciate the way Ferraris do?
I totally see what you are saying but i also think there is something to be said for the fact that these cars are not only the last of the air cooled cars but also last of the true manuals.
As far as the kids that inherit these cars, yes i also agree and i had laugh because its so true...On the other hand it all depends on the Kid. If i was left a 69 Camaro, it would be sold instantly, a 69 911 S different story, treasured.....
I still don't see why low production Porsches can't appreciate the way Ferraris do?
#24
288 GTO trades for a minimum of 1.8M
It's taken 10 years for the Carrera GT to trade at close to 400k, still over 10% below MSRP.
Porsche has a long way to go.
My 991 GT3 comes in next week. Hopefully that won't nose dive in value.
#25
Rennlist Member
Porsches, historically, have never traded even close to their as new MSRP. Today that is not the case. I also think people are looking for anything to invest in that might realize some appreciation. Usually when this happens the bubble bursts. The muscle car craze is a great example. Most of the muscle cars that traded at 300-400K only a few years ago can now be had for a 1/3 of that. Plus the fact when dad dies today and leaves his kid a 250K 1969 Camaro the kid looks at it like its an old piece of sh*t. It is not his aspirational item, it was his dads, he would rather have a new Nissan GTR.
#26
Trucker
Rennlist Member
Rennlist Member
+1...I have owned my Boss 429 since 1983...I should plot the price on my car! In 1983 I paid $13,500 for it...
(Maybe I should have written a check to Bernie Madoff instead?)
you don't have confidence in the government handling the economy?!
(Maybe I should have written a check to Bernie Madoff instead?)
you don't have confidence in the government handling the economy?!
#28
Burning Brakes
How can this entire thread talk about cars going to the moon without a discussion on why/how this happened, not only to collector cars, but many, many asset classes ? Don't get me wrong....I have enjoyed the ride as much as anyone (just in other asset classes). Factor in QE1, QE2, QE3 for 4 years and then operation twist ($85 billion/month) for the past year......this is all artificial money which will end in 2014. As Jim Rogers (founding partner of Quantum Group (read George Soros)) would say, give me 6 trillion dollars and I'll show you a good time too. Stanley Druckenmiller said when the Fed is done with operation twist, he expects most assets classes to sink back to pre QE2 levels. The problem most people have with 'wanting' to understand the likely dire consequences of this 'money printing party' is that its gone on for so long, everyone is used to it. And no, I am not a doomsday popper....my thoughts and ideas are harvested from the greatest investors on the planet. Enjoy the party while it lasts...just remember, the liquor is starting to be removed from the punchbowl and will be gone by the end of 2014.
#29
Three Wheelin'
How can this entire thread talk about cars going to the moon without a discussion on why/how this happened, not only to collector cars, but many, many asset classes ? Don't get me wrong....I have enjoyed the ride as much as anyone (just in other asset classes). Factor in QE1, QE2, QE3 for 4 years and then operation twist ($85 billion/month) for the past year......this is all artificial money which will end in 2014. As Jim Rogers (founding partner of Quantum Group (read George Soros)) would say, give me 6 trillion dollars and I'll show you a good time too. Stanley Druckenmiller said when the Fed is done with operation twist, he expects most assets classes to sink back to pre QE2 levels. The problem most people have with 'wanting' to understand the likely dire consequences of this 'money printing party' is that its gone on for so long, everyone is used to it. And no, I am not a doomsday popper....my thoughts and ideas are harvested from the greatest investors on the planet. Enjoy the party while it lasts...just remember, the liquor is starting to be removed from the punchbowl and will be gone by the end of 2014.
#30
Rennlist Member
Taper is a total red herring. There is no recovery yet & the Fed will be dovish as long
As inflation is low and the real unemployment situation is pitiful. If you follow Jim Rogers
He believes we are simply setting up another bigger crisis and the Fed and Washington will
Only know how to print. So , Deflation / Inflation a lot of people will still prefer real assets.
My Economics 2p. Buy The Porsche Dip and just enjoy the ride !
As inflation is low and the real unemployment situation is pitiful. If you follow Jim Rogers
He believes we are simply setting up another bigger crisis and the Fed and Washington will
Only know how to print. So , Deflation / Inflation a lot of people will still prefer real assets.
My Economics 2p. Buy The Porsche Dip and just enjoy the ride !
Last edited by Turbo Jonny; 01-12-2014 at 01:12 PM.