Is the bubble about to burst?

[355Chris355]

The billionaire world is not as rosy as it used to be...

Russia is in the middle of a deep recession. Suffering from the effects of Ukraine, sanctions, low oil prices and a weak ruble.

Arab countries are reeling from the price of oil at circa $50

The Chinese Economy is in the midst of a "soft landing". Stock market has fallen 30%. Output figures are below expectation. Recently resorted to devaluing the Yuan.

[arcticGT]

leonardfell said:

Chris Evans checking out !!!



http://www.dailymail.co.uk/news/article-3195023/Ne...

Edited by leonardfell on Wednesday 12th August 21:56

Nah, Chris is selling up so he can buy a fleet of air cooled Porsches

[arcticGT]

leonardfell said:

Chris Evans checking out !!!



http://www.dailymail.co.uk/news/article-3195023/Ne...

Edited by leonardfell on Wednesday 12th August 21:56

Nah, Chris is selling up so he can buy a fleet of air cooled Porsches

[ORD]

anonymous said:

[redacted]

Agreed. I would be a little nervous if I had recently spent that on an old car.

Maybe a price drop would see more old cars actually driven. I only see 993s in London these days.

[g7jhp]

ORD said:

Agreed. I would be a little nervous if I had recently spent that on an old car.

Maybe a price drop would see more old cars actually driven. I only see 993s in London these days.

That's due to the increase in beards!

[ORD]

g7jhp said:

That's due to the increase in beards!

Beards?

[Digga]

IRC one of the main earners for the ginger one was trading motors, so this is possibly not really 'news' but a good bit of PR on his behalf to get publicity for upcoming auction.

[footsoldier]

I predict that the heat will demonstrably go out of the market during the big auctions starting tonight in Monterrey, and that the peak has passed already.

[g7jhp]

Digga said:

IRC one of the main earners for the ginger one was trading motors, so this is possibly not really 'news' but a good bit of PR on his behalf to get publicity for upcoming auction.

Yep, could be that he's just trading some of his cars he's currently up on to realise the profit, just as Exec's do with company shares on a regular basis.

Nice to be able to sell off a few each year as a nice bonus.

He's still sitting on a collection of very valuable cars. If it all goes tits up I'm sure he'll be buying some more up at lower values!

[Yellow491]

Lots of experts about,this lot will give you a clue where the market is going,all i would say significant quality cars re still growing stronger.some estimates are way off!
Lot 3 1989 PORSCHE 911 CARRERA SPEEDSTER US$*175,000 - 200,000 To be sold without reserve
Lot 30 1973 PORSCHE 911S 2.4 TARGA US$*220,000 - 260,000 To be sold without reserve
Lot 36 1973 PORSCHE 911 CARRERA RS 2.7 US$*250,000 - 300,000
Lot 41 1968 PORSCHE 911 2.0 SOFT-WINDOW TARGA US$*100,000 - 150,000 To be sold without reserve
Lot 47 1955 PORSCHE 356 PRE-A CONTINENTAL CABRIOLET US$*275,000 - 325,000
Lot 54 1987 PORSCHE 930 SLANTNOSE COUPE US$*110,000 - 140,000 To be sold without reserve
Lot 69 1986 PORSCHE 930 TURBO COUPE US$*110,000 - 140,000 To be sold without reserve
Lot 72 1987 PORSCHE 959 KOMFORT US$*1 million - 1.25 million
Lot 87 1967 PORSCHE 912 COUPE US$*50,000 - 70,000 To be sold without reserve
Lot 94 1965 PORSCHE 911 2.0 COUPE US$*300,000 - 330,000
Lot 107 1973 PORSCHE 911S 2.4 COUPE US$*240,000 - 280,000 To be sold without reserve
Lot 111 1969 PORSCHE 911S 2.0 COUPE US$*150,000 - 200,000 To be sold without reserve

Here are the Porsches at Rick Cole:

1961 PORSCHE 356B 1600S ROADSTER Estimate: $200,000 - $250,000
1956 PORSCHE 356 SPEEDSTER Estimate: $275,000 - $295,000
1987 PORSCHE 959; 626 ACTUAL MILES Estimate: $1,600,000 - $1,900,000
1960 PORSCHE 356B/1600 ROADSTER Estimate: $135,000-$175,000
1967 PORSCHE 911S Estimate: $285,000 - $325,000

Here are the Porsches at Goodng:

Lot 6 1977 Porsche 930 $140,000 - $180,000 Without Reserve
Lot 14 1973 Porsche 911 Carrera 2.7 RS Touring $700,000 - $800,000
Lot 23 1988 Porsche 959 Komfort $1,600,000 - $1,800,000
Lot 38 1957 Porsche 356 A Speedster $300,000 - $375,000 Without Reserve
Lot 49 1967 Porsche 911 2.0 S $250,000 - $325,000 Without Reserve
Lot 50 1982 Porsche 956 $7,000,000 - $9,000,000
Lot 51 1979 Porsche 930 $300,000 - $350,000
Lot 56 1964 Porsche 904 Carrera GTS $2,250,000 - $2,750,000
Lot 60 1996 Porsche 993 Turbo $275,000 - $350,000 Without Reserve
Lot 64 1973 Porsche 911 Carrera 2.7 RS Lightweight $1,000,000 - $1,200,000
Lot 115 1976 Porsche 930 $220,000 - $260,000 Without Reserve
Lot 117 1967 Porsche 906E $1,600,000 - $2,000,000
Lot 137 1975 Porsche 911 Carrera 3.0 RSR $700,000 - $900,000
Lot 139 1973 Porsche 911 Carrera 2.7 RS Lightweight $900,000 - $1,100,000
Lot 143 1960 Porsche RS60 $5,500,000 - $7,000,000
Lot 144 2000 Porsche 996 GT3 R $400,000 - $600,000
Lot 145 1973 Porsche 911 Carrera 2.8 RSR $900,000 - $1,100,000
Lot 146 1988 Porsche 930 S Slantnose $170,000 - $200,000 Without Reserve
Lot 154 1967 Porsche 911 $200,000 - $250,000 Without Reserve
Lot 158 1958 Porsche 356 A Speedster $325,000 - $375,000
Lot 159 1994 Porsche 964 Turbo 3.6 $300,000 - $350,000 Without Reserve

Here are the Porsches at RM Southebys:

Lot 102 1988 Porsche 959 'Komfort' $1,000,000 - $1,300,000
Lot 108 1956 Porsche 356 A 1600 Speedster by Reutter $270,000 - $320,000 without reserve
Lot 110 1996 Porsche 911 Carrera RS 3.8 $350,000 - $450,000 without reserve
Lot 204 1975 Porsche 911 Carrera Targa 2.7 $125,000 - $175,000 without reserve
Lot 205 1971 Porsche 911 T Coupe $130,000 - $150,000 without reserve
Lot 234 1976 Porsche 911 Turbo Carrera U.S. Prototype $300,000 - $400,000 without reserve
Lot 236 1967 Porsche 911 S Coupe by Reutter $300,000 - $350,000 without reserve
Lot 249 1974 Porsche 911 Carrera 2.7 MFI Coupe $300,000 - $375,000 without reserve
Lot 252 1986 Porsche 911 Turbo Coupe $180,000 - $220,000 without reserve
Lot 256 1957 Porsche 356 A 1600 Speedster by Reutter $425,000 - $475,000
Lot 311 1964 Porsche 356 C Carrera 2 Coupe by Reutter $750,000 - $900,000
Lot 330 1965 Porsche 911 Coupe by Reutter $250,000 - $350,000 without reserve
Lot 348 1959 Porsche 356 A 1600 Cabriolet by Reutter $175,000 - $225,000 without reserve
Sent from my iPad

[g7jhp]

anonymous said:

[redacted]

Great value, really?

It's a 1985 (B reg) so 915 box, LHD, but low miles. Still expensive at £32k.

If it was a RHD, G50 (87-89) at that price it would be great value!

[fergus]

anonymous said:

[redacted]

Why would an auction house not keep their estimates high? Their commissions are based upon final hammer prices. As Jeremy says, it's whether the car sells or not and the price it sells for that count. Even stuff listed without reserve often does not sell...

[Yellow491]

Where has stuff come from!
Its common practice to low ball some cars,look at the 2.8rsr,well off the mark for what cars have been selling for.
There is something wrong with the market place if you think that old 3.2 carrera is good value,the 917 is cheap if it checks out compared to others that have changed hands

[TokyoRich]

anonymous said:

[redacted]

Exactly. I used to work at an auction house and as an auctioneer you need buyers and sellers. Getting buyers in is easier when they come for a bargain. Once they are there they will want to leave with something.

[uktrailmonster]

Well C3.2s are still at reasonably sane prices compared to most of their earlier equivalents. Not cheap by any means but miles better value for money from a pure driving perspective. SC is even better value, which is why I picked one up a few years ago.

[roygarth]

anonymous said:

[redacted]

Agree.

Furthermore LHD 3.2 in Germany go for same money as RHD here.

[g7jhp]

anonymous said:

[redacted]

And this is the problem.

Buyers and sellers are trying justifying one car being good value because something else is a crazy price.

If you take spending £120k on a 1987 Ford Sierra 2.0 RS Cosworth 500 3dr 468 of 500 it's madness.

Now a 80,000 km LHD 1985 3.2 Carrera Coupe may look good value at £32k in comparison, but I'd argue neither were a smart buy.

You just have to and look at threads from 18 months ago to see prices people were calling crazy now being called cheap. Fast forward another 18 months, would you want to be left with a £32k LHD 3.2 with a 915 box if the bubble bursts?

[andy_roe]

I think you also need to buy the right model to ensure you're in safer position.

ie, a G50 911 will likely hold it value better than one with a 915 box if the prices did start to slide as there will always be more demand for the G50 ones. Likewise, a 964/993 C2 over a C4 etc.

[hot66]

if I had a LHD ( proper hand drive , non of this RHD aching knee ste ) 3.2 engined 915 box 911 in my garage in 18 months .. I'd be happy as larry as I'd have a cracking Impact Bumper car to have fun with .. wether it was worth £15K or £45 K . Life is to short to worry wether a classic sports car is going to suddenly start depreciating at the same rate as a new 320d

[RSVP911]

anonymous said:

[redacted]

I don't buy into all the hype around the G50 box , I have two air cooled one with and one without - there is nothing wrong with a well set up 915 box , the are great fun