Porsche classic values beat them all...
Discussion
Interesting results, in all but 3 months last year the values of classic Porsches showed amazing annual gains resulting in growth of 32.06% 
Bare in mind, the benchmark Ferrari growth was only 17.53% and the (asset-class) market in general advanced only 15.84%, it's plain to see the money has been piling in.
Figures have only really been tracked for 6 years and although the Ferrari index is still the classic car's market leader, Porsche is catching up quick. Great for the have's, slightly depressing for us have-not's but none the less, incredibly interesting for anyone watching. Poor previous values and this good values can explain some growth, a perceived robustness of the cars themselves another but the next couple of years should be very interesting. On the one hand we have low interest rates for at least another year, on another snap elections in Greece and a very nervous euro-zone!
Figures; www.historicautogroup.com
Bare in mind, the benchmark Ferrari growth was only 17.53% and the (asset-class) market in general advanced only 15.84%, it's plain to see the money has been piling in.
Figures have only really been tracked for 6 years and although the Ferrari index is still the classic car's market leader, Porsche is catching up quick. Great for the have's, slightly depressing for us have-not's but none the less, incredibly interesting for anyone watching. Poor previous values and this good values can explain some growth, a perceived robustness of the cars themselves another but the next couple of years should be very interesting. On the one hand we have low interest rates for at least another year, on another snap elections in Greece and a very nervous euro-zone!
Figures; www.historicautogroup.com
Edited by LaurasOtherHalf on Saturday 24th January 18:21
Worth a read....round up of the recent Arizona auctions.
http://www.classicandsportsfinance.com/2015/01/19/...
The last three RS's that have come to auction have all failed to sell.
http://www.classicandsportsfinance.com/2015/01/19/...
The last three RS's that have come to auction have all failed to sell.
Recent Gooding & Co @ Scottsdale auction results below - many classic Porsche did not achieve prices significantly above 2014 watermark.
http://www.goodingco.com/results/realized/?cat=39
Signs of a cooling off / or more rational audience creeping into the market ?
http://www.goodingco.com/results/realized/?cat=39
Signs of a cooling off / or more rational audience creeping into the market ?
wfarrell said:
Recent Gooding & Co @ Scottsdale auction results below - many classic Porsche did not achieve prices significantly above 2014 watermark.
http://www.goodingco.com/results/realized/?cat=39
Signs of a cooling off / or more rational audience creeping into the market ?
Lot number 153 for me please. Signal green GT3RS -awesome.http://www.goodingco.com/results/realized/?cat=39
Signs of a cooling off / or more rational audience creeping into the market ?
Chester Lampwick said:
My 3.2's trouncing the Cheshire Building Society ISA (where the money I paid for it used to be parked) hands down.
That said, my ISA never spunked away a set of tyres and £50 of Shell Super Unleaded in an afternoon at Oulton Park. Bloody good fun though.
I did similar with my 993. The ISA statement could never make me smile as much as the car does. That said, my ISA never spunked away a set of tyres and £50 of Shell Super Unleaded in an afternoon at Oulton Park. Bloody good fun though.
Emeye said:
I hope the arse falls out of the classic Porsche market - but only because at some point in the hopefully not so distant future I want to own one to drive, not to look at or as an investment.
Here here! (and I own one!) - nothing more boring than the words Porsche and ISA account in the same sentenceEmeye said:
I hope the arse falls out of the classic Porsche market - but only because at some point in the hopefully not so distant future I want to own one to drive, not to look at or as an investment.
Its all relevant so in the great scheme of things the value of my 993 doesnt matter that much.However, what it does do is help me justify spending thousands on the bodywork!
[quote=Emeye]I hope the arse falls out of the classic Porsche market - but only because at some point in the hopefully not so distant future I want to own one to drive, not to look at or as an investment.[/quote
Well if that happens you might find yourself in the same boat as us current owners, in that we bought when we could afford it, but their rise in price has surprised us, it's suddenly become worth a lot more (but still behind on what it's cost to bring it to current condition)
I hope you get one someday, in whatever form they are a great machine
Well if that happens you might find yourself in the same boat as us current owners, in that we bought when we could afford it, but their rise in price has surprised us, it's suddenly become worth a lot more (but still behind on what it's cost to bring it to current condition)
I hope you get one someday, in whatever form they are a great machine
XBOW said:
Couple from today's auction , with sold prices
Add 12% buyers commission to these prices - and on the 2.7 RS bear in mind the car had an engine from a 75 Carrera - not the original engineEdited by XBOW on Wednesday 4th February 21:28
which clearly was reflected in the price
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