RE: Pic Of the Week: The ?1.8m 911
Discussion
One man's crazy money is another man's chump change. When you arrive from the States in a Global Express you're playing on a different level. The purchaser of this car also bought the 964 Turbo S Leichtbau and the 964 RS 3.8 at the same event. All 3 were astute buys (these last 2 cars were sold well below estimates). I know that a 964 RS 3.8 just changed hands privately in the States for almost twice what the one at RM just went for.
So as far as value, c'mon really? I suppose we all place 'value' on certain things for an infinitely wide variety of reasons. The buyer new exactly what he was doing. These cars are pedigree'd unobtanium. Produced in only the double digits; conceived, engineered, & sprinkled with all the right factory Porsche racing department magic pixie dust by guys with last names like Barth, Kussmaul, etc.
But yes, unfortunately these things are now only attainable by people who own private aircraft with intercontinental capability. But when have extremely rare lightweight factory hotrod homologation specials been 'affordable' and a good 'value' to us working class stiffs anyway?
So as far as value, c'mon really? I suppose we all place 'value' on certain things for an infinitely wide variety of reasons. The buyer new exactly what he was doing. These cars are pedigree'd unobtanium. Produced in only the double digits; conceived, engineered, & sprinkled with all the right factory Porsche racing department magic pixie dust by guys with last names like Barth, Kussmaul, etc.
But yes, unfortunately these things are now only attainable by people who own private aircraft with intercontinental capability. But when have extremely rare lightweight factory hotrod homologation specials been 'affordable' and a good 'value' to us working class stiffs anyway?
Like I said, this car is a poster child for everything thats wrong with the car world.
If the buyer could afford to drop several million on them at the auction they could of afforded to spend hundreds of thousands instead a couple of years ago acquiring them. I doubt they made their millions overnight.
That is of course if they wanted them a couple of years ago, most likely they only found out that they wanted them when their collection advisor told them that they wanted them whilst wearing golfing trousers at the pebble beach concours D'elegance. Assured such a collection would be the envy of other pebble beachers cost was no object.in fact all the better paying such an amount was a great flaunt of wealth.
If the buyer could afford to drop several million on them at the auction they could of afforded to spend hundreds of thousands instead a couple of years ago acquiring them. I doubt they made their millions overnight.
That is of course if they wanted them a couple of years ago, most likely they only found out that they wanted them when their collection advisor told them that they wanted them whilst wearing golfing trousers at the pebble beach concours D'elegance. Assured such a collection would be the envy of other pebble beachers cost was no object.in fact all the better paying such an amount was a great flaunt of wealth.
J4CKO said:
Wills2 said:
At £250k a stunning car at £1.8 million, sorry but it can't carry off the look like an old Ferrari can, the extraordinary price has made it look ordinary.
Past about 50 grand it ceases to be relevant to 99 percent of petrolheads.Edited by Wills2 on Saturday 10th September 00:38
I was at the Revival today and this car came up in conversation. Sheer utter madness. To the extent you don't even have to explain feeling that way. It's a mad but recent Porsche!thatvis still power and riveted big wings. Will it double in value I don't care. Surely it won't though. If it goes up £200k, was it worth parting with £1.8m (!!!) to find out? Surely not. Everyone is being polite with the "fool and his money" analogy - I think some sort of strong expletive and "idiot" would be much more accurate.
Caddyshack said:
I viewed one of these at £47,000 at marinello in Egham many years ago and did not buy it...why oh why did I not buy it?
Isn't this kind of the point though - if any other asset had changed value to that extent you're so far past the "bigger fool" stage it'd be ridiculous. At £1.8m this is just laughable.All the arguments about limited numbers etc were equally valid when it was "worth" £47k........
Dandanfings said:
I have lusted after 993's since they first got released, its really sad they have gotten so expensive 
This one is just gorgeous in every possible way, but the price is pure insanity... are people that rich that they can afford to just burn money like this, it cant possibly go up any more in value?!
What is going on with the car world?
Low interest rates and a difficulty finding performance in traditional asset classes has led to the Ponzi Scheme that is classic Porsches. This one is just gorgeous in every possible way, but the price is pure insanity... are people that rich that they can afford to just burn money like this, it cant possibly go up any more in value?!
What is going on with the car world?
Most people wouldn't have looked twice at a 993 ten years ago. It does amuse that increasing values has made them increasingly more appealing to the eye. But that's just the greed part of the brain kicking in.
Gus265 said:
I was at the Revival today and this car came up in conversation. Sheer utter madness. To the extent you don't even have to explain feeling that way. It's a mad but recent Porsche!thatvis still power and riveted big wings. Will it double in value I don't care. Surely it won't though. If it goes up £200k, was it worth parting with £1.8m (!!!) to find out? Surely not. Everyone is being polite with the "fool and his money" analogy - I think some sort of strong expletive and "idiot" would be much more accurate.
Presumably there was more than one person biding on this.... (just saying)GroundEffect said:
If it's anything like the RUF CTR...terrifying. Butt-clenching when the boost comes on.
It's nowhere near as savage as a CTR1. They were 70 - 100k € only 12 years ago too. As someone has already stated, this is similar to a Pyramid or Ponzi scheme in it's final stages of inflation.The only benefit of it keep on going until the inevitable bust scenario is this... At least only the multi millionaires and billionaires will be burned. I doubt they'll even notice. The further it goes on the safer mere mortals become. In the same way I couldn't care about Mayfair property prices crashing.
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