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sleep envy
59,549 posts
119 months
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mollytherocker said: Yes, I do agree, and that sort of 'market massaging' goes on a lot on here. Witness the constant talk of GT3's!!
I'm not entirely sure the pork forum on PH can dictate the market price of cars. Surely the market finds itself or is indeed made by how much people are willing to pay? I'd love to form a cartel but I doubt it's going to happen anytime soon.
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housen
Original Poster
637 posts
62 months
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bridey0
1,918 posts
55 months
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housen said: ive no view on prices but PS get top money for top cars so wouldnt suprise me.
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mollytherocker
7,215 posts
79 months
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sleep envy said: mollytherocker said: Yes, I do agree, and that sort of 'market massaging' goes on a lot on here. Witness the constant talk of GT3's!!
I'm not entirely sure the pork forum on PH can dictate the market price of cars. Surely the market finds itself or is indeed made by how much people are willing to pay? I'd love to form a cartel but I doubt it's going to happen anytime soon. I am not saying that PH dictates the value of cars. Its much more subtle than that. Its internet forums like PH where enthusiasts and potential owners discuss and dream in a way that just didnt exist before the internet. When I was a young lad, it was just the small group of friends, rallying on tv, The Professionals and seeing cars on the road that moulded my car dreams. I am convinced that PH does have the power to affect the market for certain cars (Like GT3's) by spreading the word on their greatness and low depreciation (= affordability). MTR MTR
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mollytherocker
7,215 posts
79 months
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housen said: Assuming it checked out, you could argue it was pretty good value. Apart from the marmite colour, which is not popular. I usually like marmite colours but not this one. Having said that, someone will like it. They did! But I would bet they could have sold it for more if it had been a 'better' colour like Polar, Red or Black. MTR
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sleep envy
59,549 posts
119 months
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mollytherocker said: I am not saying that PH dictates the value of cars. Its much more subtle than that.
Its internet forums like PH where enthusiasts and potential owners discuss and dream in a way that just didnt exist before the internet.
When I was a young lad, it was just the small group of friends, rallying on tv, The Professionals and seeing cars on the road that moulded my car dreams.
I am convinced that PH does have the power to affect the market for certain cars (Like GT3's) by spreading the word on their greatness and low depreciation (= affordability).
MTR
MTR Bit confused by that however you don't need discussions on forums to keep asking prices high. Hell, I'd love an Eames lounge chair & ottoman but I'm not going to find an original for less than £5k and I've never seen a thread on any forum extolling the virtues of them. It's simply market forces.
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housen
Original Poster
637 posts
62 months
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sleep envy said: mollytherocker said: I am not saying that PH dictates the value of cars. Its much more subtle than that.
Its internet forums like PH where enthusiasts and potential owners discuss and dream in a way that just didnt exist before the internet.
When I was a young lad, it was just the small group of friends, rallying on tv, The Professionals and seeing cars on the road that moulded my car dreams.
I am convinced that PH does have the power to affect the market for certain cars (Like GT3's) by spreading the word on their greatness and low depreciation (= affordability).
MTR
MTR Bit confused by that however you don't need discussions on forums to keep asking prices high. Hell, I'd love an Eames lounge chair & ottoman but I'm not going to find an original for less than £5k and I've never seen a thread on any forum extolling the virtues of them. It's simply market forces. http://www.designaddict.com/design_addict/forums/index.cfm/fuseaction/thread_show_one/thread_id/5441/
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sleep envy
59,549 posts
119 months
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housen said: sleep envy said: Bit confused by that however you don't need discussions on forums to keep asking prices high.
Hell, I'd love an Eames lounge chair & ottoman but I'm not going to find an original for less than £5k and I've never seen a thread on any forum extolling the virtues of them.
It's simply market forces. http://www.designaddict.com/design_addict/forums/index.cfm/fuseaction/thread_show_one/thread_id/5441/ you've picked a thread asking where someone can get one cheap to try to justify a point?
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housen
Original Poster
637 posts
62 months
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sleep envy said: housen said: sleep envy said: Bit confused by that however you don't need discussions on forums to keep asking prices high.
Hell, I'd love an Eames lounge chair & ottoman but I'm not going to find an original for less than £5k and I've never seen a thread on any forum extolling the virtues of them.
It's simply market forces. http://www.designaddict.com/design_addict/forums/index.cfm/fuseaction/thread_show_one/thread_id/5441/ you've picked a thread asking where someone can get one cheap to try to justify a point? was just a joke my point was there is a forum for everything hehe
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sleep envy
59,549 posts
119 months
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housen said: was just a joke
my point was there is a forum for everything hehe ah, I follow for sure, just as there was press about pretty much everything even before the internet boom
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supersport
1,594 posts
97 months
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I can remember seeing photocopies of the for sale section of the Times from the 80s with 930s going for £150K+ and the internet didn't exist as far as most people were concerned; and these were the days when prestige cars cost multiples of house values.
PH doesn't drive the market, for example, most seem to want to buy a 20 year old car, that has completely originial paint with no stone chips, no rust, has had every major part replaced, low mileage, low owners with the highest spec for bugger all and yet complain when trade in values are offered that are low. You can't have it both ways and these cars simply don't exist, although the odd bargain may be found.
Sellers ask a price, and buyers are free to offer what they feel is reasonable and in most sales both parties will reach a point they are happy with, completely independant of PH. Surely this is the market in action.
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SFO
2,608 posts
53 months
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I saw and sat in the Martin Brundle car at Paul Stephens.
It was immaculate, the interior was like new.
It felt tight, the doors and lids all felt new opening and shutting.
Stunningly original and excellent condition.
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993kimbo
1,379 posts
55 months
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...it's only b  ks if you're trying to buy one! High priced, low mileage 993 coupes are selling. I was offered £25k for mine recently from a private buyer and it's got 92,000 on the clock and the rear bumper was dirty.
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kVA
2,142 posts
75 months
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This topic is of great interest to me - having been involved in consultancy in the industry for many years (I project managed one of the first Internet based used car sales sites). There is no doubt the Internet has had a huge influence on car sales /prices. If anything, it has driven prices down - especially for 'ordinary cars', as the market for anyone's used cars is now national. However, 'special' car prices have generally gone up as a result. When I was actually selling used exotica in the late '80s 'ordinary' 911s, etc were going for silly money (I sold an immaculate 2 year-old Turbo coupe for well over double new list price at the time), but really good ones, with great provenance were fetching no more than scruffy abused ones! Now, the Internet has enabled people to set 'special' cars apart - that Paul Stephens advert is a great example! In 1988, the whole advert would have been a 3 column-cm block in black and white in the back of the Sunday Times... OK, the famous racing driver (or is it broadcaster?) bit might add a little bit, but most wouldn't notice as if the price was £5,000 more than 3 or 4 adverts in the same column, they probably wouldn't even read the text! FWIW, if I had a spare £35k, I would have bought it myself... Looked after and not too many miles on it, it will always sell for more than you paid, to someone, somewhere, (and thanks to the Internet that is now a World-wide audience) who happens to want a collector's car with some provenance that sets it apart from Joe Blogg's 911. Finally... The irony of the OP's first post is that he probably triggered the sale with his comment  So yes, forums DO affect the market (and I'll bet there's far more cars that HAVEN'T sold, or got less money, because of forum member's comments - such as the 'marmite' colour comment and the dealer feedback, etc) ETA: Sorry, didn't see that the OP posted after it had sold, but you get my drift... I wouldn't mind betting a forum post somewhere drew someone's attention to the car?
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Wozy68
1,524 posts
40 months
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mollytherocker said: Wozy68 said: housen said: Remember the old saying ........ 'A fool and his money'? So what do you think its worth retail then? MTR As much as someone is willing to buy it for. Foolish or not. It is a rare beasty though if its as immaculate and as low mileage as stated. No good for me though, with that mileage on it, I would spend my life worrying I was putting more miles on it. P.S It had been hanging around for quite a while.
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993kimbo
1,379 posts
55 months
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I'm not sure we can call the buyer 'foolish' to spend that much as there's nothing else to compare it to. WE may think it's foolish because we can probably remember last year the car would probably have sold for quite a bit less. I personally would pay £80,000 for a rare electric guitar, and people would say I'm foolish, but I'm not. It's what you have to pay for a certain guitar in a special condition and I can't find one any cheaper.
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supersport
1,594 posts
97 months
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993kimbo said: I'm not sure we can call the buyer 'foolish' to spend that much as there's nothing else to compare it to. WE may think it's foolish because we can probably remember last year the car would probably have sold for quite a bit less. I personally would pay £80,000 for a rare electric guitar, and people would say I'm foolish, but I'm not. It's what you have to pay for a certain guitar in a special condition and I can't find one any cheaper. +1 Many of my non car friends find my obsession with Porsche rather foolish, let alone spending money on a car that is a third summer car only. They think I should spend little money on a Peugot 106 diesel and save my money. I say I could, but then I could also die tomorrow and I have no intention of getting to my death bed having had a s  t life and regretting not actually living it. I suspect owning a Peugot 106 diesel (or any Peugot) would be a bit like being dead anyway and then I would rather walk or even get the bus.
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Shoestringracer
887 posts
69 months
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Broadening the debate - I have no doubt that rare items have had their value increased by the internet, simply by increasing the size of market.
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housen
Original Poster
637 posts
62 months
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must say after further thought and discussion i guess +30k for a mint 993 if thats the one you want , its a rare beast so why not enjoy
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Mermaid
12,674 posts
41 months
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Maybe Brundle bought it 
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