991.2 GT3 prices!? WOW!
05-31-2021 | 01:33 PM
#61
Three Wheelin'
Joined: Feb 2007
Posts: 1,469
Likes: 247
From: Colorado/California
Ask the guy who paid $18k for his 1962 Ferrari 250 GTO and then sold it at auction for $48.5 Million :-)
05-31-2021 | 04:16 PM
#62
Pro
Joined: Jun 2016
Posts: 619
Likes: 147
You remind me of a guy famous for a quote in 1929: Yale economist Irving Fisher was jubilant. “Stock prices have reached what looks like a permanently high plateau,” he rejoiced in the pages of the New York Times.
05-31-2021 | 05:57 PM
#63
Three Wheelin'
Joined: Jun 2005
Posts: 1,960
Likes: 349
From: Florida
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05-31-2021 | 11:46 PM
#66
Race Car
Joined: Jun 2018
Posts: 3,807
Likes: 1,506
From: Somewhere out East
I agree with this and see that I’m not alone. I will also add that I’m not old (is 40 old?) and I’m not a fan of the quick “digitization” of cars the past couple years (LCD screens being pushed everywhere), and also the particulate filter/ECO nannies. Everyone I personally know who is into cars has found older cars more desirable, because of these reasons.
05-31-2021 | 11:56 PM
#68
Rennlist Member
Joined: Sep 2020
Posts: 890
Likes: 554
From: Los Angeles
Most dealers charge 8-10% fee, so that’s a hefty fee. CarGurus is pretty good, I think the largest and easiest site. But I would list it rennlist and see if one of the guys here buys it, you can make good deal and get best $$$ money out of it. Try both is best
06-01-2021 | 03:06 AM
#70
Rennlist Member
Joined: Oct 2006
Posts: 692
Likes: 532
Nobody talks about driving anymore. And showing up at C&C once a month with your "one of a kind" PTS, 3 different colors of interior stitching order or exercising your rare RS 3 laps around an industrial park where your collection is stored is not driving in my book. Regardless of Covid, inventory shortages, chip shortages and the whatever who pays +$100k for some pretentious SUV, the direction of Porsche (and the world) is running contrary to the basic premise of why we like this in the first place. Driving. As the cars become more automated and less engaging to drive, there is some percentage of us that likes to shift the car, appreciates "lighter is better" and doesn't want a self driving car. Maybe it's about freedom...maybe not. The escalating price of a GT3 Touring is well deserved. The production is relatively limited, and regardless of it's monetary value, it's a 500 HP, NA, MT 911 without a wing. It's a great car to drive. And now, may be the last chance to purchase a relatively low mileage, unmolested car. Much of this is Tulips but Tourings', R's, 993 C2S are not...just to name a few.
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06-01-2021 | 12:29 PM
#71
Burning Brakes
Joined: Jun 2012
Posts: 1,238
Likes: 263
From: Pensacola, Florida
Nobody talks about driving anymore. And showing up at C&C once a month with your "one of a kind" PTS, 3 different colors of interior stitching order or exercising your rare RS 3 laps around an industrial park where your collection is stored is not driving in my book. Regardless of Covid, inventory shortages, chip shortages and the whatever who pays +$100k for some pretentious SUV, the direction of Porsche (and the world) is running contrary to the basic premise of why we like this in the first place. Driving. As the cars become more automated and less engaging to drive, there is some percentage of us that likes to shift the car, appreciates "lighter is better" and doesn't want a self driving car. Maybe it's about freedom...maybe not. The escalating price of a GT3 Touring is well deserved. The production is relatively limited, and regardless of it's monetary value, it's a 500 HP, NA, MT 911 without a wing. It's a great car to drive. And now, may be the last chance to purchase a relatively low mileage, unmolested car. Much of this is Tulips but Tourings', R's, 993 C2S are not...just to name a few.
06-01-2021 | 12:35 PM
#72
Racer
Joined: Jul 2015
Posts: 397
Likes: 125
AP really is THAT guy. But the world has changed. His hands are tied by increasingly stringent emissions madness, fuel economy, noise, money, electronic controls, safety mandates, a company committed to becoming an all electric vehicle manufacturer, political strong arming and a general loss of freedom.
06-01-2021 | 03:49 PM
#73
Instructor
Joined: May 2019
Posts: 204
Likes: 137
AP really is THAT guy. But the world has changed. His hands are tied by increasingly stringent emissions madness, fuel economy, noise, money, electronic controls, safety mandates, a company committed to becoming an all electric vehicle manufacturer, political strong arming and a general loss of freedom.
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06-01-2021 | 07:21 PM
#74
Three Wheelin'
Joined: Jan 2011
Posts: 1,459
Likes: 471
Key is in this inflationary environment. As they say, time in the market beats timing the market. The correction years from now may or may not still result in regular asset and equity prices lower than what they are today. Don't need to be an economist to realize that.
06-01-2021 | 09:23 PM
#75
Pro
Joined: Jun 2016
Posts: 619
Likes: 147
are you really comparing a stock, which is a share of ownership of a company that is intended to represent the pro-rata ownership of present value of future cash flows generated by a company to a car? Let's line up the S&P 500 over 10 years and GT3 prices; one has returned more than 3x and the other has generally exhibited a declining trend that has only now reversed sharply.
Last edited by Norcalgt3; 06-01-2021 at 09:37 PM.