Whole new level of madness ?!
Discussion
Cheib said:
The 3.6 was only produced for a year....the one that Ruebdo bought was a run out version of it meaning it's even more desirable.
Personally I think it's the best looking Turbo Porsche has ever produced and certainly one of it's best looking cars full stop.
Coudn't agree morePersonally I think it's the best looking Turbo Porsche has ever produced and certainly one of it's best looking cars full stop.
Edited by Cheib on Monday 17th November 19:52
IMI A said:
jonny finance said:
Well I was at NEC yesterday, paid my fiver to auction house and had a dam good look at this car... Afraid I am with the doom merchants particularly on this one...... £220k .... As I said I had a dam good look at it !!!! Nearly as worrying (because one can't help worrying ) was the 65k paid for the 328....
Obviously agree unique rare cars with will always command a premium but they have to be that unique...
Come on as a piece of automotive art the 964 turbo is as good as it gets. There aren't many cars that look as a sexy to my eye anyway! I got pretty excited when I say the guide price beginning at £135k then had reality check and realised it was going to sell for brewsters.Obviously agree unique rare cars with will always command a premium but they have to be that unique...
For me you can't argue values as prices paid dictates but you can't help looking what said amounts can buy whether that be alternative cars or property....
Suppose Porsche as some of us can remember no longer exists and everyones desperate for some 'air' !!!
ruebdo said:
And maybe you don't know!!!! I just bought the JZM 3.6 because I want the car. If it does crash through the floor I will not sell it. I bought it because I want the car and I can afford it. To me its as simple as that!!
Maybe cars are the new world of art. People pay tens of millions of pounds to hang a picture on the wall, I would rather drive it and have fun with it. Sooooo fed up of people preaching to us that its going to go bang. So what, don't worry yourself about it and you really don't need to lecture others. If it does it does, if it doesn't it doesn't. I think I am informed enough to make my own decisions, be right or wrong. That's my rant over; now I will get the house on the market to cover my impending loss because that is probably about to fall through the floor too!!!
I love the 964 turbo 3.6 it for me it the best looking 911 turbo.Maybe cars are the new world of art. People pay tens of millions of pounds to hang a picture on the wall, I would rather drive it and have fun with it. Sooooo fed up of people preaching to us that its going to go bang. So what, don't worry yourself about it and you really don't need to lecture others. If it does it does, if it doesn't it doesn't. I think I am informed enough to make my own decisions, be right or wrong. That's my rant over; now I will get the house on the market to cover my impending loss because that is probably about to fall through the floor too!!!
It's also great that some people still buy these cars to enjoy, rather just as a possible investment.
You can't be surprised when people question the values these are selling for and asking how long it will last. The UK average salary is £32k pa and cars are selling for £180k-220k+ they're large amounts (which is why people comment).
I don't buy the cars v art argument as you've bought at what feels like a high point and you've got to factor in the maintenance.
These cars are raw and aren't for everyone and then there are the other cars or investment opportunities.
If I was sitting on a 964 turbo 3.6 as an investment having paid £180k+ I'd be worried!
g7jhp said:
If I was sitting on a 964 turbo 3.6 as an investment having paid £180k+ I'd be worried!
Given the rarity of his particular car and mileage (18k) I think it was a decent purchase. Even if the arse falls out of the market that car is going to be worth well over £100k.If I'd just paid £220k for a LHD 3.6 I'd be much more worried!
drmark said:
Congratulations on a lovely car 
But are you sure he didn't touch a raw nerve?
Or maybe you just had too much coffee for breakfast
Lol, cheers for the comments. But are you sure he didn't touch a raw nerve?
Or maybe you just had too much coffee for breakfast
I took mine out yesterday and it tipped down with rain, and it was great fun. I think it's the best looking Porsche of all time and they drive pretty well too. That was my main reason for purchasing.
When it comes to investment a RHD 3.6 is rare. And I do think a pretty safe place to put my money. Of course I questioned the price, market etc and felt comfortable with the deal. One huge factor was that I bought a 308 Vetroresina in February of this year and sold it for twice as much last week to get into the 3.6.
So in man maths terms, prices would have to fall below 75k for me to be out of pocket.
Maybe they will, but I will be enjoying the car in the meantime :-)
There must be a thousand posts regarding the imminent crash of classic car prices.
If the majority of your net worth is tied up in classic Porsche or if you borrowed money
to buy them as an investment then I'd be concerned-
but if like (I assume) the majority of buyers on here you simply love owning/driving them and
can afford them-then who cares about future prices?
If the price drops it just means you can be less precious about them and stick more miles
on the clock.
david hockney said:
There must be a thousand posts regarding the imminent crash of classic car prices.
If the majority of your net worth is tied up in classic Porsche or if you borrowed money
to buy them as an investment then I'd be concerned-
but if like (I assume) the majority of buyers on here you simply love owning/driving them and
can afford them-then who cares about future prices?
If the price drops it just means you can be less precious about them and stick more miles
on the clock.
Easy for you to say, you have your paintings to fall back on If the majority of your net worth is tied up in classic Porsche or if you borrowed money
to buy them as an investment then I'd be concerned-
but if like (I assume) the majority of buyers on here you simply love owning/driving them and
can afford them-then who cares about future prices?
If the price drops it just means you can be less precious about them and stick more miles
on the clock.
drmark said:
david hockney said:
There must be a thousand posts regarding the imminent crash of classic car prices.
If the majority of your net worth is tied up in classic Porsche or if you borrowed money
to buy them as an investment then I'd be concerned-
but if like (I assume) the majority of buyers on here you simply love owning/driving them and
can afford them-then who cares about future prices?
If the price drops it just means you can be less precious about them and stick more miles
on the clock.
Easy for you to say, you have your paintings to fall back on If the majority of your net worth is tied up in classic Porsche or if you borrowed money
to buy them as an investment then I'd be concerned-
but if like (I assume) the majority of buyers on here you simply love owning/driving them and
can afford them-then who cares about future prices?
If the price drops it just means you can be less precious about them and stick more miles
on the clock.
g7jhp said:
But investors are buying cars not paintings these days!
Oh yes they are, after a lull in the market 2013 was one of the hottest years ever for art sales - beaten only by the pre crash bubble of 2007.The best early Hockney cost a fraction of what a 2.7 RS did back in the seventies, but at over 5 million sterling today they are now worth 5 - 10 times as much.
http://news.artnet.com/market/artnet-news-top-10-m...
Still, you can't drive a Hockney.
Peter Doig's early paintings can now sell for over £7 million - in the 1990's when he first left
college he was selling them for £500.....definitely makes a 2.7rs bought at the same time look a poor return
on your money.
I had the foresight to buy neither a Doig painting or a 2.7rs......I bought a Ford Escort and an Athena poster of a woman
with big boobs.
college he was selling them for £500.....definitely makes a 2.7rs bought at the same time look a poor return
on your money.
I had the foresight to buy neither a Doig painting or a 2.7rs......I bought a Ford Escort and an Athena poster of a woman
with big boobs.
drmark said:
g7jhp said:
But investors are buying cars not paintings these days!
Oh yes they are, after a lull in the market 2013 was one of the hottest years ever for art sales - beaten only by the pre crash bubble of 2007.The best early Hockney cost a fraction of what a 2.7 RS did back in the seventies, but at over 5 million sterling today they are now worth 5 - 10 times as much.
http://news.artnet.com/market/artnet-news-top-10-m...
Still, you can't drive a Hockney.
Interesting post in this thread on Rennlist
http://rennlist.com/forums/964-turbo-forum/836353-...
Well it turns out that there was a mix up at the auction with one of the commission bids and one of the bidders ended up bidding against himself. Disappointing from our point of view but we have secured the sale closer to the higher end of the auction guide which is still impressive.
http://rennlist.com/forums/964-turbo-forum/836353-...
Well it turns out that there was a mix up at the auction with one of the commission bids and one of the bidders ended up bidding against himself. Disappointing from our point of view but we have secured the sale closer to the higher end of the auction guide which is still impressive.
kayc said:
The amazing thing to me is all these cars..964t/993tt/996rs...couldn't give away 5 years ago coz they are quite average things..now they are amazing and bid to old boots..is this what Qe does?sends people bonkers and makes average cars much better !!
We banks have been giving away money... What would you spend it on? (OT: Don't respond
)kayc said:
The amazing thing to me is all these cars..964t/993tt/996rs...couldn't give away 5 years ago coz they are quite average things..now they are amazing and bid to old boots..is this what Qe does?sends people bonkers and makes average cars much better !!
Personally I think you are missing what other people are seeing. The market has changed. The modern car may be quicker, quieter, more fuel efficient, DSG, 0 - 60 in 3 seconds, lap the ring quicker etc etc, but is it fun? Is it now too fast? Is it now too clinical?I drive a new Golf GTI with DSG daily and I think it is soooo boring. I bought it because it does a job of getting me to work and I can leave anywhere without worrying. Would I rather drive my Escort Cosworth? Definitely. It's harder to drive, engaging, and most importantly fun. If you are a petrol head you want a car that is fun. A car you wake up and look forward to driving.
Kayc, these Porsches are engaging, fun, and harder to drive.
It's an event that is being lost on the new era of modern car.
That's what I think anyway and it works for me :-)
kayc said:
The amazing thing to me is all these cars..964t/993tt/996rs...couldn't give away 5 years ago coz they are quite average things..now they are amazing and bid to old boots..is this what Qe does?sends people bonkers and makes average cars much better !!
Personally I think you are missing what other people are seeing. The market has changed. The modern car may be quicker, quieter, more fuel efficient, DSG, 0 - 60 in 3 seconds, lap the ring quicker etc etc, but is it fun? Is it now too fast? Is it now too clinical?I drive a new Golf GTI with DSG daily and I think it is soooo boring. I bought it because it does a job of getting me to work and I can leave anywhere without worrying. Would I rather drive my Escort Cosworth? Definitely. It's harder to drive, engaging, and most importantly fun. If you are a petrol head you want a car that is fun. A car you wake up and look forward to driving.
Kayc, these Porsches are engaging, fun, and harder to drive.
It's an event that is being lost on the new era of modern car.
That's what I think anyway and it works for me :-)
I agree totally.
Recently I had a test drive in a brand new 911 Carrera - although it is obviously a faster and superior
car to my crappy 1982 SC nothing alters the fact that for a quick blast down the country roads I'd take
the SC every time simply because it's harder and more rewarding to drive.
Obviously many folk are of the same mind set hence the demand for air cooled- otherwise we'd all just settle for 997's.
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