Anyone know what the asking price is on this orange one? PTS is awesome, but not worth 500k (to me at least. haha)

 

What is the Hot Rides crashed Black 2005 car REALLY worth ?
https://texashotrides.com/2005-porsc...-75006/6147469

https://rennlist.com/forums/porsche-...gt-1033-a.html


I can POSSIBLY afford a straight clean car if I sell my small collection of cars (but trying to keep the 996GT2) and sell other collections but honestly dont mind a "beater" CGT because a beater CGT is better than none.
Plus if I'm stupid and crash it the value has already been tanked.

I was looking at a high mile F40 back when my business was strong but even then it was pushing my financial capability. Actually my favorite Ferrari model even over the mega million 60's cars. A friend bought the one I was looking at eventually after it sat on the market for a year. 350K.
At the time everyone thought he was a fool.

I'm semi retired now so everything has to be cash with no prospect of financing over time. Plus my car choices cant depreciate. They have to be investments. So far I've always picked the right cars as investments. IMO the CGT is drastically undervalued and one day will be appreciated for what it is; therefore an investment.

 

checked, it's over 1.1mm
it's not that far off
my boring silver, albeit newer than new, was not far off 1mm
but u can find them <750 if you don't need a pristine car to de-cherry

 

half the owner can't drive it to save their lives
quarter of the owners think car as investment

 

i'd say your estimates are on the low side.. lol

 

for sure

 

It keeps going down. I think $100K off that for the unknown is a good buy as a good driver if u got it straight. I am local - so I keep my eye on it just as a fun car, but you would really need a good eye on it and I don't think that hey would do 500K.

 

To be fair how many cars at this level do everything well 15 years after production.

 

I just put together an update on the supercar market. https://karenable.com/supercar-market-update-q2-2020/ my guess is prices will start to head south come the fall.

 

While I’m not at all bullish the car market, your characterization of “frozen”, I do not understand. Things were definitely frozen last fall and this winter, but the 2-3 broker/dealers I work with have had record summers so far. And, I personally was able to sell 5 (soon to be 6) cars almost in a blink of an eye that sat “frozen”, as you say months prior. So, both my dealer contact anecdotal conversations, looking at their inventory shuffle through their facilities and lots of cars sell before they even hit, and me personally being able to move things that were “frozen” months ago: I get your forecast based on demographics, etc, but I don’t think your view of what is currently going on is all that accurate/realistic based on the activity I have seen and participated in. In fairness, I’m sure characterizing the “car market” as one big market is over simplifying things. But at a high level, I’m seeing anything but frozen currently, but yeah, it’s a safe position to take being bearing something like cars or a lot of assets, given the macro uncertainty alone we face (in addition to your specific car demographic discussion on the “older stuff”).

I lost all interest and haven’t had a bullish view about collecting supercars/collectible-cars for quite a while now. I’m down to a few I just want to drive and grow old with and almost zero interest on how they perform as an asset. But I’ve been dead wrong with how resilient and active the car market has been post-covid. Most of us doomsayers have been, but, wow, I’ve been really shocked about cars the last few months. The bottom may drop out soon, but so far it has not even hinted that it will.

Edit: you do eventually address some of my challenges towards the tail-end of your write-up. My ADHD didn’t get that far the first time I “read” it.

 

CGTs have bucked the trend and are in demand I have had 3 inquiries about my car in the last 30 days and from what I have heard from brokers, quite a few have been sold in the last few months for top prices. The flipper trap cars such as Pistas, TDFs, SVs have taken a hit. They were mostly purchased to be flipped and there are plenty of them around. Is it me or are there more Pistas for sale than 488s???

 

The v8 ferrari market seemed obvious to me. All the f guys were swearing production was limited and I just looked at them and wondered what they were smoking. Do you really think f is not going to make as many as they can sell? Are you watching a different movie than i am about car manufacturers these days??? Then not only did f keep producing Pistas past any of the f collector/flipper sworn expectations; then they launch the f8 with same engine! But it wasn’t a LOT different than they 991-2rs market. That premium was one of the biggest head scratchers in recent memories.

 

Own SV Rdstr - all the sudden incoming offers seem to have gone up 10% mid to upper 4's and it's a ton car for the money.
Cancelled my SVJ 63 Rdstr thing was near 800k! Where are you seeing tdf pricing.

 

My friends are waiting for the 812 TDF or whatever it will be called. I see F12 TDF selling below sticker. Ferrari producing way too many supposed limited edition cars but they are only satisfying the demand.

 

Thanks. The Ferrari hamster wheel seems like a lot of work versus enjoyment.