Discussion
It is only cheap when you compare the price to some of the silly prices being asked Bernard.
$75k will still be plus vat, import charges, duty etc etc with a poor pound. It is still a hell of a lot of money to shell out.
I am still not convinced that the arse isn't going to fall out of the classic car market the way things have been going lately…
Plus you can only have so many.. I have enough these days.
There are only truly a very limited number of hardcore TVR enthusiasts who will want this…
In the UK its appeal is limited because it is not the current accepted shape for Pre 66 Fia racing….Silly I know but that will be the principle reason for it not selling for stupid money.
N.
$75k will still be plus vat, import charges, duty etc etc with a poor pound. It is still a hell of a lot of money to shell out.
I am still not convinced that the arse isn't going to fall out of the classic car market the way things have been going lately…
Plus you can only have so many.. I have enough these days.
There are only truly a very limited number of hardcore TVR enthusiasts who will want this…
In the UK its appeal is limited because it is not the current accepted shape for Pre 66 Fia racing….Silly I know but that will be the principle reason for it not selling for stupid money.
N.
Dollyman1850 said:
I am still not convinced that the arse isn't going to fall out of the classic car market the way things have been going lately…
N.
Interesting view. I think you're right Neil. N.
The future as I see it is that too many classic cars have been purchased by investors, not enthusiasts. Investors by definition are out to make money. When another market, be it property, art or anything else offers better returns, then investors will sell their classic cars, where as enthusiasts would just keep them.
At some point in time other investment market returns will out strip classic cars, the market will be flooded and we'll all be able to go out and buy ourselves a Griffith for a fiver
Moto
On this side of the water, I don't see the market driven, as much, by people who are looking purely for an investment. Those, I would guess, are between 10-25% of buyers. Rather, there are a lot of people who are driven by enthusiasm, and want a classic car as part of their lifestyle.
In previous instances of runaway prices, in the classics market, it seemed as though the highest numbers were pulling the rest of the market up, with them. I feel as though, this time, it is the middle, the cars formerly available to the middle, and upper middle class, whose value has increased most dramatically, with 911s and GTVs leasing the way. It seems, to me, that the sheer number of enthusiasts, and the presence of websites that promote the lifestyle, will continue to support the market, unless/until interest rates sharply increase.
I could see it flattening out, somewhat, but not declining. I think part of it has been motivated by those who tell the story that starts with "I could've bought one of those when . . . " and ends in "Now, they'll forever be out of reach." It seems as though younger enthusiasts (millennials and younger) are viewing classics as a long term investment, and you know how hard this bug bites.
Best regards,
Bernard.
In previous instances of runaway prices, in the classics market, it seemed as though the highest numbers were pulling the rest of the market up, with them. I feel as though, this time, it is the middle, the cars formerly available to the middle, and upper middle class, whose value has increased most dramatically, with 911s and GTVs leasing the way. It seems, to me, that the sheer number of enthusiasts, and the presence of websites that promote the lifestyle, will continue to support the market, unless/until interest rates sharply increase.
I could see it flattening out, somewhat, but not declining. I think part of it has been motivated by those who tell the story that starts with "I could've bought one of those when . . . " and ends in "Now, they'll forever be out of reach." It seems as though younger enthusiasts (millennials and younger) are viewing classics as a long term investment, and you know how hard this bug bites.
Best regards,
Bernard.
Slow M said:
I presume you have been to see the car or had it checked over professionally to come to that conclusion as you cant exactly judge from 5 rather poor pictures Bernard.Prices on Griffiths have been all over the place in the last few years but saying she is a bargain at that price well i trust you know the car
Happy Christmas
Andrew
Andrew Gray said:
Slow M said:
I presume you have been to see the car or had it checked over professionally to come to that conclusion as you cant exactly judge from 5 rather poor pictures Bernard.Prices on Griffiths have been all over the place in the last few years but saying she is a bargain at that price well i trust you know the car
Happy Christmas
Andrew
Happy Christmas.
Bernard.
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