Prices Keep Drifting Up
#361
Originally Posted by bdronsick;[url=tel:17365339
17365339]This is exactly what was said about SC, 3.2, & 964. The population is growing exponentially; and with it every discrete pool of buyers grows DAILY.
There will never be even one more 996; ever.
What was a “glut” of 964’s in 1999 is a “dearth” in 2019. I was literally the only living being searching for a unicorn 964 in 1999. Now I’m pushed out by countless millions of hedge fund Millenials and retired Boomers; that all came into my pet GenX market from nowhere!
You will see the exact same thing happen with 996, and even the (comparatively) multitudinous 997/991’s.
Just math.
There will never be even one more 996; ever.
What was a “glut” of 964’s in 1999 is a “dearth” in 2019. I was literally the only living being searching for a unicorn 964 in 1999. Now I’m pushed out by countless millions of hedge fund Millenials and retired Boomers; that all came into my pet GenX market from nowhere!
You will see the exact same thing happen with 996, and even the (comparatively) multitudinous 997/991’s.
Just math.
Last edited by Mike Murphy; 04-14-2021 at 01:38 PM.
#362
Generally true. And specifically with 996 you also have an indeterminate compounding of several completely mystifying market factors. For example the design, at least originally, was utterly polarizing. I had a 60-something English gentleman walk up to me yesterday in my tennis club parking lot and ask: “Is that the new Carrera?”
I get that. 996 looks at once like a 1965, and a 2025 911. It completely mystified the “establishment” 911 market in 1998, and its still utterly mystifying people almost twenty five years later.
I’m of the personal (and admittedly subjective) opinion that Type 996 will eventually be viewed by history as definitely the most important, and probably the most beautiful, modern 911 ever built.
And of course 996 is the first, and the only, Factory 911 Type to ever win Overall at LeMans.
I get that. 996 looks at once like a 1965, and a 2025 911. It completely mystified the “establishment” 911 market in 1998, and its still utterly mystifying people almost twenty five years later.
I’m of the personal (and admittedly subjective) opinion that Type 996 will eventually be viewed by history as definitely the most important, and probably the most beautiful, modern 911 ever built.
And of course 996 is the first, and the only, Factory 911 Type to ever win Overall at LeMans.
Last edited by bdronsick; 04-14-2021 at 03:36 PM.
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NYoutftr (04-15-2021)
#363
I’m of the personal (and admittedly subjective) opinion that Type 996 will eventually be viewed by history as definitely the most important, and probably the most beautiful, modern 911 ever built.
And of course 996 is the first, and the only, Factory 911 Type to ever win Overall at LeMans.
And of course 996 is the first, and the only, Factory 911 Type to ever win Overall at LeMans.
End of the day whether or not prices increase (already are) is irrelevant as I don't see myself separating from this car, it's everything desired since driving my buddies fathers in the early 2000's from a local car meet. Would love to have a 993/964, but it would merely be an addition to the garage and not a replacement.
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#364
Same feeling for me. I genuinely love the look of the 996 in all trims. Probably my favorite is the 40thAE as I have always preferred the narrowbodies regardless of generation. Despite being "better" cars, the 997 onward do absolutely nothing for me from an aesthetic standpoint.
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#367
#368
#370
Same feeling for me. I genuinely love the look of the 996 in all trims. Probably my favorite is the 40thAE as I have always preferred the narrowbodies regardless of generation. Despite being "better" cars, the 997 onward do absolutely nothing for me from an aesthetic standpoint.
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#371
Honestly, I'm on the fence about that statement. I recently sold mine and while I wish I still had it, some life changes unfortunately dictated the sale. With that being said, I am very interested to see what happens to 996 values if/when a economic down turn arrives. I for one think the 996 will come back to the values we are currently seeing and higher, but do not think they will be immune whenever this facade of an economy crumbles.
Point being is that it could be another 10 years or maybe even never (unlikely) before this comes to roost and if you're trying to time the market to catch the high, you may end up like me and miss out on a lot of the upside (that shouldn't exist). And, since we're talking about cars, a lot of the enjoyment that they bring in owning them. As with my home, I try not to look at it as an investment and instead, just take any upside that I happen to capitalize on as an unexpected gift.
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#372
1999 in LMGT class Manthey won the class in a 911 GT3 R with a 3.6 mezger.
#373
You just have to look up to the future.
The problem is, I've been concerned about that since 2010 after the first round of government stepping in and manipulating policy which has led to 10 years of stupid cheap debt and thus, hugely levered companies. Here we are today with the government flexing its muscles more than ever and the question is, in this economic experiment, who is right about the new world of fiscal policy? My finance degree says this is all wrong but I've also missed out on a tremendous amount of wealth accumulation by sitting out of the markets expecting to be right.
Point being is that it could be another 10 years or maybe even never (unlikely) before this comes to roost and if you're trying to time the market to catch the high, you may end up like me and miss out on a lot of the upside (that shouldn't exist). And, since we're talking about cars, a lot of the enjoyment that they bring in owning them. As with my home, I try not to look at it as an investment and instead, just take any upside that I happen to capitalize on as an unexpected gift.
Point being is that it could be another 10 years or maybe even never (unlikely) before this comes to roost and if you're trying to time the market to catch the high, you may end up like me and miss out on a lot of the upside (that shouldn't exist). And, since we're talking about cars, a lot of the enjoyment that they bring in owning them. As with my home, I try not to look at it as an investment and instead, just take any upside that I happen to capitalize on as an unexpected gift.
My rebel day, drinking IPAs wearing KIZZ shirt.
A fellow Porsche owner At the lake.
That Electric ⚡️ Jellyfish IPA awesome. Beware of the high ABV.
If you ever come to Lake Travis by Austin Texas the placid for three view is Oasis brew house. The beers are ok, The food is weak and overpriced but that’s the best view of y to of lake,
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