market crash - Silverstone Classic

market crash - Silverstone Classic

Author
Discussion

Mintbird

Original Poster:

557 posts

100 months

Saturday 30th July 2016
quotequote all
Really nice 964 turbo at SILVERSTONE classic, only made 75k! RHD.

jeez... what a bath

anonymous-user

53 months

Saturday 30th July 2016
quotequote all
And in English?!

monthefish

20,439 posts

230 months

Saturday 30th July 2016
quotequote all
MercScot said:
And in English?!
A really nice RHD 964 turbo was sold for a mere £75,000 at SILVERSTONE classic auction, suggesting a market crash for such vehicles.

HTH


(were you honestly struggling with that?)

Mintbird

Original Poster:

557 posts

100 months

Saturday 30th July 2016
quotequote all
hehe

Zingari

902 posts

172 months

Sunday 31st July 2016
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If it was a 3.3 then about right rolleyes

cptsplash

59 posts

165 months

Sunday 31st July 2016
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I was there today and saw this car. Generally in really good condition, but there were a lot of rust bubbles by the windscreen and the wheels needed a full refurb. Nice car though and a full history.

IMI A

9,410 posts

200 months

Sunday 31st July 2016
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Zingari said:
If it was a 3.3 then about right rolleyes
If it needs paint £75k still ott. Thats a £50k car in the real world tops.

RSVP911

8,192 posts

132 months

Sunday 31st July 2016
quotequote all
Phew that's ok then the market hasn't crashed overnight - thank god , I was just about to drive my air cooled down to the local tip ! It's like reading the Sun , ridiculous smile

david hockney

1,198 posts

152 months

Sunday 31st July 2016
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Didn't a 924 GTR go for £495,000 ?

ooid

4,049 posts

99 months

Pistom

4,914 posts

158 months

Sunday 31st July 2016
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Mintbird said:
Really nice 964 turbo at SILVERSTONE classic, only made 75k! RHD.

jeez... what a bath
Suspected troll or maybe someone who didn't see the car so what made them think it was nice? Price was about right considering the amount of work it needed.

ooid

4,049 posts

99 months

Sunday 31st July 2016
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DELETED: Comment made by a member who's account has been deleted.
Why a beautiful 964 Turbo needs an engine rebuild before 60k miles? seriously out of curiosity confused

bigunit00

890 posts

146 months

Sunday 31st July 2016
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ooid said:
Why a beautiful 964 Turbo needs an engine rebuild before 60k miles? seriously out of curiosity confused
Maybe it was leaking or burning a lot of oil or low on compression but I think a lot of these engines have been rebuilt historically as they leak a bit of oil but fundamentally the engine is still ok. Scaremongering or specialists trying to drum up business. People not canvassing for enough opinions or thinking you must have it rebuilt at certain mileage etc.

ooid

4,049 posts

99 months

Sunday 31st July 2016
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Thanks... In my building, almost 8 out of 10 cars leave some small amount of oil lumps on their parking spaces. Mostly modern mini coopers, audis, ford and etc...does this mean they are all on their way to scrap yard?

I know an oil leak could be a sign of a serious issue but still puzzles me to see 911s especially turbos need engine rebuild before even they hit 100k!

griffter

3,981 posts

254 months

Monday 1st August 2016
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The auction results are interesting:

http://www.silverstoneauctions.com/the-silverstone...

Quite a few of the Porsche and Ferrari entries unsold. Are those that did sell off peak prices?

Fast Fords still selling and one or two bargains (Merak SS, Alfa 4C).

IMI A

9,410 posts

200 months

Monday 1st August 2016
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That Tahoe Blue turbo showing as unsold?? £75,000 is far too much for it IMO if someone did pay that. Once over 10,000 miles these cars are no longer collector grade. Even 20,000 to 30,000 miles too high for collectors.

Ultra low miles Pug 205 1.9 GTI selling for £30,000 is mind blowing. Good cars still making crazy money.

Cossie RS 500 £75,000!

hondansx

4,562 posts

224 months

Monday 1st August 2016
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The bargain was the Mondeo Supertourer - wasn't it £75k? Expected to be way north of £100k.

The guy raced it the next day. Proper!

hunter 66

3,886 posts

219 months

Monday 1st August 2016
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Missed auction too busy on track but I guess .... too much average stuff now ... special cars will always be good

porkey

630 posts

171 months

Monday 1st August 2016
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Looks like reasonable value to me.
£40k cheaper than this one.

http://www.pistonheads.com/classifieds/used-cars/p...


pattyg

1,329 posts

226 months

Monday 1st August 2016
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The '85 328GTS for £55k was my pick. LHD though.

Edited by pattyg on Monday 1st August 13:08