Is it my imagination................
#16
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No, it is definitely NOT your imagination. I foresaw the bursting of the 993 bubble four years ago due to several reasons: 997s becoming more affordable, and 964s replacing the 993 as the new "Holy Grail" of aircooled porsches. I know this to be true because I just sold my 964 for two and a half times more than I bought it for in 2011. Far fewer 964s were produced compared to the 993, and it is the most modern aircooled Porsche that still retains that classic 911 body shell. This being said, I never really liked the styling and slowness of the 964, so was happy to sell and purchase a 997 plus pay for my kid's braces with the profits. Would love to have a 993 and plan on watching the market for the next 1-2 yrs in hopes of the 993 dropping some more. Check out Hagerty's quarterlies and see the nose dive 993s took recently, and the current flat line in which they sit.
#18
Burning Brakes
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#19
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Whatever the production volume, my car's not currently for sale at any price.
#20
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The air-cooled "bubble" reminds me very much of the run up of vintage american made pre-war (WW2) guitars, mandolins and banjos. The Japanese market for these in the 70's became very strong and prices rose. It's very simple economics of supply and demand. And despite Martin and Gibson producing "vintage reissues" to the exact pre-war specs that true vintage market continued to escalate. It's had periods of softening, just like our 993 marketing, to then rally again and head for the stars. Those that waited for the "bubble" to burst lost out. A pre-war Martin D28 in good shape went from $5000 to $250k. And many of the people who have them, like the 993's, are players and love them for all of their vintage goodness. I think vintage Rolex market (like the "Red Sub") is doing the same thing.
So a 993 bubble? A flattening at best. And give it a year of two and off it will go. In the meantime we drive an appreciating asset! What a great thing to own and enjoy!
So a 993 bubble? A flattening at best. And give it a year of two and off it will go. In the meantime we drive an appreciating asset! What a great thing to own and enjoy!
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#21
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The air-cooled "bubble" reminds me very much of the run up of vintage american made pre-war (WW2) guitars, mandolins and banjos. The Japanese market for these in the 70's became very strong and prices rose. It's very simple economics of supply and demand. And despite Martin and Gibson producing "vintage reissues" to the exact pre-war specs that true vintage market continued to escalate. It's had periods of softening, just like our 993 market, to then rally again and head for the stars. Those that waited for the "bubble" to burst lost out. A pre-war Martin D28 in good shape went from $5000 to $250k. And many of the people who have them, like the 993's, are players and love them for all of their vintage goodness. I think vintage Rolex market (like the "Red Sub") is doing the same thing.
So a 993 bubble? A flattening at best. And give it a year of two and off it will go. In the meantime we drive an appreciating asset! Whoo hoo! What a great thing to own and enjoy!
So a 993 bubble? A flattening at best. And give it a year of two and off it will go. In the meantime we drive an appreciating asset! Whoo hoo! What a great thing to own and enjoy!
![Smilie](https://rennlist.com/forums/images/smilies/smile.gif)
#22
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#23
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There is a strong market for 993s in Germany and they START at $60.000 if You want a Stick shift plain Carrera with AC and decent but not low milage. If the bubble (which does not exist) should burst in the USA we will see more cars reimported to Europe and that will higher the prices in USA. (Basic market economy rules).
#25
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The FACT is, that no more of either of these cars will ever be made and every month there are less and less of them. Not banking my life savings on it, but I'll bet we see both models growing in value over the next 10 years by a wide margin.
#27
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Might the Singer effect cause t he 964 to be "the" air-cooled to have, maybe. But it is not for technical reasons.
The 993 is a much more refined car the the 964, and it is the only one that is considered the "last of the aircooled" Porsches.
And as far as bubbles, the air-cooled Porsches will not experience bubble bursting. The market has definitely slowed over the past year, but I do not foresee something akin to the 90s Ferrari market happening.
But then again, a GT1 did just sell for nearly $5.7 million.
#28
Burning Brakes
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Following Vincer77 above, I think the word "bubble" is inappropriate in this discussion. There has been no precipitous fall, but rather "market corrections" and "absorption" issues, following a likely too rapid rises in value, like in any cycle of a valued commodity. Anyone in a 993 for the short term or to flip may get caught and burned.
The marketplace and supply and demand rule, be it up or down. As long as Stuttgart continues its tirade producing ever-more expensive, ever-bigger, ever-more creature comforted, watered clones, vehicles like ours over time will hold value and be desirous of ownership.
If there are bubbles in this market, I think Singer is vulnerable- preposterously priced, and in my view over hyped.
The marketplace and supply and demand rule, be it up or down. As long as Stuttgart continues its tirade producing ever-more expensive, ever-bigger, ever-more creature comforted, watered clones, vehicles like ours over time will hold value and be desirous of ownership.
If there are bubbles in this market, I think Singer is vulnerable- preposterously priced, and in my view over hyped.
#29
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I'm not the first to raise this point but the air-cooled 911's are the cars that people in their 30's to 60's grew up wanting to own. Now that this cohort can afford their toys, this plays into the bubble.
The new generations - these Milllenials and younger - they don't have the same aspiration for automobile ownership that we had. They're more likely to be instagramming what they ate for lunch than have a poster of a 991R on their bedroom wall.
#30
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Not so sure about that. My daughter's made it pretty clear what possession she's most excited about inheriting upon my death.
I believe she's already researched which nail polish will go best with Pearl White.
I believe she's already researched which nail polish will go best with Pearl White.