Anticipating the next rising classic stars...
Discussion
peteA said:
O
How many 928's have you driven?
Exactly the 928's IMHO all look great - sure if personally choose a GTS but a 78 original car of the year would be cool too MarshPhantom said:
Earliest ones look a bit cack now. Non S models aren't quick and manual over auto, shirley?
Interesting comments - saw an early 928 yesterday and thought it looked great?How many 928's have you driven?
Welshbeef said:
peteA said:
O
How many 928's have you driven?
Exactly the 928's IMHO all look great - sure if personally choose a GTS but a 78 original car of the year would be cool too MarshPhantom said:
Earliest ones look a bit cack now. Non S models aren't quick and manual over auto, shirley?
Interesting comments - saw an early 928 yesterday and thought it looked great?How many 928's have you driven?
A lack of interest in modern rallying will limit the future appreciation (imo) of 'fast fords'.
Next big things are R32/33/34 or any other famous Gran T cards.
For me once interest rates start to rise and money can be kept in the bank with no risk, steady income, no storage / tax / upkeep / insurance etc costs we will see a correction in the low-mid Classic market.
The F1's / 250's etc, I would assume, do not reflect a large % of their collectors personnel networth, whereby 'Dave' who spent £55k on a mint 996 turbo suddenly sees values start to slide and try's to sell, as does everyone else.
Next big things are R32/33/34 or any other famous Gran T cards.
For me once interest rates start to rise and money can be kept in the bank with no risk, steady income, no storage / tax / upkeep / insurance etc costs we will see a correction in the low-mid Classic market.
The F1's / 250's etc, I would assume, do not reflect a large % of their collectors personnel networth, whereby 'Dave' who spent £55k on a mint 996 turbo suddenly sees values start to slide and try's to sell, as does everyone else.
AlvinSultana said:
TVR.
All.
Wedges less so - but the convertibles will always make a nice weekend toy.
Thank me later.
Surprised it took 6 pages (if you still use the baby size) for TVR to be mentioned properly. Prices of the 'Wheeler' era cars are on the rise with the Griff coming close and sometimes exceeding £30k, the Chimaera close behind, all condition dependant of course. The most value in the range seems to be the Cerbera, but I suspect that will change and prices will go through the roof as will every other car with a TVR badge.All.
Wedges less so - but the convertibles will always make a nice weekend toy.
Thank me later.
Not that I'm biased or anything......
rohrl said:
Ferrari 456.
If you can get into one at £50k-£60k or so I can't see it depreciating. V12 Ferraris always go up in price in the end.
The 456 is the only Ferrari I've ever fancied. I looked at buying one about 10 years ago. While I was having a good look over one at a dealer's LadyB8 was being practical and chatting to the dealer. One question she asked was about the running costs (really this was the only question I think she was interested in ) and he said that discounting fuel which would obviously depend on the miles I did we could expect the running costs to be about 5 to 6000 a year. Which is a fair bit on what was back then a 40 grand car.If you can get into one at £50k-£60k or so I can't see it depreciating. V12 Ferraris always go up in price in the end.
I didn't buy one after this. Nice motors though.
heres my view - the classic car market is about to cool off.
Reasons:
1)rates are heading towards an upward cycle which isn't good for alternatives
2)Countries that are traditionally pumping out more and more HNW's are no longer doing this (think Russia, India, China)
3)In the UK we base a large part of wealth on real estate and the market is fed top down. This is cooling
4)Auction sales of all but the top trump cars are not being met.
5)hopeful sale prices are being reduced for stable classics like the Etype
6) Chris Evans is a very very shrewd chap - he isn't unloading the LOT because he's bored of them or he has a new production venture. He knows when to sell and he is also very well advised.
....and also people are talking up values of very common mass produced 80's and 90's automobilia that really are rather sh*t cars.
theres my tuppence worth
Reasons:
1)rates are heading towards an upward cycle which isn't good for alternatives
2)Countries that are traditionally pumping out more and more HNW's are no longer doing this (think Russia, India, China)
3)In the UK we base a large part of wealth on real estate and the market is fed top down. This is cooling
4)Auction sales of all but the top trump cars are not being met.
5)hopeful sale prices are being reduced for stable classics like the Etype
6) Chris Evans is a very very shrewd chap - he isn't unloading the LOT because he's bored of them or he has a new production venture. He knows when to sell and he is also very well advised.
....and also people are talking up values of very common mass produced 80's and 90's automobilia that really are rather sh*t cars.
theres my tuppence worth
Mr. Magoo said:
heres my view - the classic car market is about to cool off.
Reasons:
1)rates are heading towards an upward cycle which isn't good for alternatives
2)Countries that are traditionally pumping out more and more HNW's are no longer doing this (think Russia, India, China)
3)In the UK we base a large part of wealth on real estate and the market is fed top down. This is cooling
4)Auction sales of all but the top trump cars are not being met.
5)hopeful sale prices are being reduced for stable classics like the Etype
6) Chris Evans is a very very shrewd chap - he isn't unloading the LOT because he's bored of them or he has a new production venture. He knows when to sell and he is also very well advised.
....and also people are talking up values of very common mass produced 80's and 90's automobilia that really are rather sh*t cars.
theres my tuppence worth
At last, someone with logical intelligence, common sense forethought and...who isn't talking utter tripe; thank you, Mr Magoo.Reasons:
1)rates are heading towards an upward cycle which isn't good for alternatives
2)Countries that are traditionally pumping out more and more HNW's are no longer doing this (think Russia, India, China)
3)In the UK we base a large part of wealth on real estate and the market is fed top down. This is cooling
4)Auction sales of all but the top trump cars are not being met.
5)hopeful sale prices are being reduced for stable classics like the Etype
6) Chris Evans is a very very shrewd chap - he isn't unloading the LOT because he's bored of them or he has a new production venture. He knows when to sell and he is also very well advised.
....and also people are talking up values of very common mass produced 80's and 90's automobilia that really are rather sh*t cars.
theres my tuppence worth
For all those out there still piling in the pension funds et al, do be very wary. All the signs are in place, and have been for some time, for a major re-adjustment in the coming 12-18 months.
Saw something today that was interesting, and proves that certain things have altered far more than others.
It was an advert from 1998 for old motorbikes.
A few things jumped out at me. Firstly, there was a Velocette Venom identical to mine for £6000, which is probably now worth around 7-8000. But in the same dealer was a Brough Superior 680 for £14,950, which would now be a £100,000 bike and a Brough Superior SS100 for £24,950. That bike would now be a £250,000 bike.
Ah well
It was an advert from 1998 for old motorbikes.
A few things jumped out at me. Firstly, there was a Velocette Venom identical to mine for £6000, which is probably now worth around 7-8000. But in the same dealer was a Brough Superior 680 for £14,950, which would now be a £100,000 bike and a Brough Superior SS100 for £24,950. That bike would now be a £250,000 bike.
Ah well
Mr. Magoo said:
heres my view - the classic car market is about to cool off.
Reasons:
1)rates are heading towards an upward cycle which isn't good for alternatives
2)Countries that are traditionally pumping out more and more HNW's are no longer doing this (think Russia, India, China)
3)In the UK we base a large part of wealth on real estate and the market is fed top down. This is cooling
4)Auction sales of all but the top trump cars are not being met.
5)hopeful sale prices are being reduced for stable classics like the Etype
6) Chris Evans is a very very shrewd chap - he isn't unloading the LOT because he's bored of them or he has a new production venture. He knows when to sell and he is also very well advised.
....and also people are talking up values of very common mass produced 80's and 90's automobilia that really are rather sh*t cars.
theres my tuppence worth
Well said. In 1999 I bought a lovely Mark 11 3.4 m/od Jaguar (1960, recessed visors) for £8000. It had received a mind glowingly expensive rebuild 10 years before - new front wings, doors, boot lid etc and the typical 'investment spec' colour change from Warwick grey to Carmen red and replacing the steels with chromed wires. The guy I bought it from needed the cash to complete a yacht project and he'd paid about £12'000 for it in 1991 after the arse fell out of the market. It had done about 2500 miles since the rebuild and was stunning, a lovely thing to drive. It had Coopercraft callipers and from the factory had the Reutter reclining front seats and a C type head. Reasons:
1)rates are heading towards an upward cycle which isn't good for alternatives
2)Countries that are traditionally pumping out more and more HNW's are no longer doing this (think Russia, India, China)
3)In the UK we base a large part of wealth on real estate and the market is fed top down. This is cooling
4)Auction sales of all but the top trump cars are not being met.
5)hopeful sale prices are being reduced for stable classics like the Etype
6) Chris Evans is a very very shrewd chap - he isn't unloading the LOT because he's bored of them or he has a new production venture. He knows when to sell and he is also very well advised.
....and also people are talking up values of very common mass produced 80's and 90's automobilia that really are rather sh*t cars.
theres my tuppence worth
I would like to think I was the only person to actually make money from it! I moved it on very quickly for 11 grand.
On the last point, I've looked at the results of the likes of Anglia classic auctions - I'd love to know who paid nearly 10 grand for a festering heap of s
t like the Austin 3 Litre. The only thing they were good for was banger racing. Someone paying 10 grand for a mint low mileage BMW 535i Sport E34 I can completely understand. Unlike the Austin, it was actually an object of desire when new.I will give you two more reasons why there is a storm brewing for investment in alternatives.....It happened in Tianjin yesterday. What a spectacular way of deflecting attention from a stuttering economy, currency and stock market.
....now but in El Nino into Google and look whats in store for global soft commodity prices. Now I don't think for a minute there is Armageddon around the corner but there will be a definite shift in investment capital.....
....now but in El Nino into Google and look whats in store for global soft commodity prices. Now I don't think for a minute there is Armageddon around the corner but there will be a definite shift in investment capital.....
iSore said:
On the last point, I've looked at the results of the likes of Anglia classic auctions - I'd love to know who paid nearly 10 grand for a festering heap of st like the Austin 3 Litre.
Or pay £40k for this one, and it has 1.2 litres missing...t like the Austin 3 Litre. http://www.historics.co.uk/buying/auctions/2015-08...
v8250 said:
Or pay £40k for this one, and it has 1.2 litres missing...
http://www.historics.co.uk/buying/auctions/2015-08...
But it is a proper old competition car with history. Wouldn't be my 40 grand though.http://www.historics.co.uk/buying/auctions/2015-08...
I'm sure Evans could afford to keep his country house and car collection in addition to a pad in London if he wanted to. It's not the first time he's dumped most of his cars on the market though. He did it a couple of years ago with his collection of white Ferraris. It could be he's just clearing house and consolidating funds for another big purchase. Or he's just bored again.
Have people noticed more and more often these days within as descriptions people putting future classic. It might push a punter who isn't sure over the edge and push the button.
Future classic can mean lots of things
Rare
Could be worth a lot in time to come
A poster car when young
Starred in some film.
Against its peers it was without question far better
Step change in engineering/development
The last ones a bit of an odd one really as who honestly would buy the Sierra 2.3D? I suspect very few though it ticks many "future classic" boxes.
Future classic can mean lots of things
Rare
Could be worth a lot in time to come
A poster car when young
Starred in some film.
Against its peers it was without question far better
Step change in engineering/development
The last ones a bit of an odd one really as who honestly would buy the Sierra 2.3D? I suspect very few though it ticks many "future classic" boxes.
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