Whole new level of madness ?!

[Cheib]

This car apparently changed hands for £224k incl buyers premium....

https://www.silverstoneauctions.com/1994-porsche-9...

Not bad for a left hooker!

This RHD car was up for sale at JZM four or five months ago for £180k

http://www.jzmporsche.com/porsche-for-sale/911/964...

fk knows what that's worth on that back of that auction price now!

[xftdr]

Am I missing something? Its a 964 Turbo. Beautiful but £200k plus? Did values shoot up whilst I blinked?

[medieval]

I think with every heartbeat it would seem

Mind you, at this rate the return journey to Earth can't be far away can it?

[IMI A]

They aren't making them anymore. Can only see them flying further into the stratosphere. Beautiful cars

[996TT02]

IMI A said:

They aren't making them anymore. Can only see them flying further into the stratosphere. Beautiful cars

The same could apply to anything.

The current values are only purely speculative. On the up, everyone is on the bandwagon. The slightest little jolt in forward progress, and the sensible people will move well out of the way. Speculative pricing pushes upwards with a vengeance for as long as it can last, but falls through the floor even faster.

Not young enough to have forgotten the last time this happened.

At the moment everyone is hoping that the peak is yet to come and that they will recognise when it has arrived. This latter never happens, only people needing to sell start getting stung badly, people get wind, the classic car market goes into freefall and as long as the memory is fresh, values will remain "worth" related rather than speculative. This latter phase can easily last a decade or two.

This does not mean that truly exceptional cars will be worth peanuts. Sure, there will be adjustments even at the top end, but it's the hangers-on - cars whose values have soared simply because similar "real thing" is now stratospheric, and cars whose values are based on rather tenuous attributes ("only", yes, FFS, "only" 1500 made, in the case of the 964 3.6T, equals 200k plus) - will take a hyper massive hit when people realise that while they may be desirable cars, the price tag previously appended in no way reflects their level of desirability.

And, as is perfectly normal during the upturn, everyone is in denial that this can happen, or even that the upward spike in values can ever end, which idea in itself fails any simple logical test.

[ruebdo]

996TT02 said:

IMI A said:

They aren't making them anymore. Can only see them flying further into the stratosphere. Beautiful cars

The same could apply to anything.

The current values are only purely speculative. On the up, everyone is on the bandwagon. The slightest little jolt in forward progress, and the sensible people will move well out of the way. Speculative pricing pushes upwards with a vengeance for as long as it can last, but falls through the floor even faster.

Not young enough to have forgotten the last time this happened.

At the moment everyone is hoping that the peak is yet to come and that they will recognise when it has arrived. This latter never happens, only people needing to sell start getting stung badly, people get wind, the classic car market goes into freefall and as long as the memory is fresh, values will remain "worth" related rather than speculative. This latter phase can easily last a decade or two.

This does not mean that truly exceptional cars will be worth peanuts. Sure, there will be adjustments even at the top end, but it's the hangers-on - cars whose values have soared simply because similar "real thing" is now stratospheric, and cars whose values are based on rather tenuous attributes ("only", yes, FFS, "only" 1500 made, in the case of the 964 3.6T, equals 200k plus) - will take a hyper massive hit when people realise that while they may be desirable cars, the price tag previously appended in no way reflects their level of desirability.

And, as is perfectly normal during the upturn, everyone is in denial that this can happen, or even that the upward spike in values can ever end, which idea in itself fails any simple logical test.

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!!!

[Cheib]

ruebdo said:

I just bought the JZM 3.6 because I want the car. If it does crash through the floor I will not sell it.

Good for you....that is a stunning car! Have to say I thought it was actually pretty reasonably priced all things considered and looks like something of a bargain now!

[WCZ]

gorgeous car, i'm very jealous, congrats!

[996TT02]

ruebdo said:

996TT02 said:

IMI A said:

They aren't making them anymore. Can only see them flying further into the stratosphere. Beautiful cars

The same could apply to anything.

The current values are only purely speculative. On the up, everyone is on the bandwagon. The slightest little jolt in forward progress, and the sensible people will move well out of the way. Speculative pricing pushes upwards with a vengeance for as long as it can last, but falls through the floor even faster.

Not young enough to have forgotten the last time this happened.

At the moment everyone is hoping that the peak is yet to come and that they will recognise when it has arrived. This latter never happens, only people needing to sell start getting stung badly, people get wind, the classic car market goes into freefall and as long as the memory is fresh, values will remain "worth" related rather than speculative. This latter phase can easily last a decade or two.

This does not mean that truly exceptional cars will be worth peanuts. Sure, there will be adjustments even at the top end, but it's the hangers-on - cars whose values have soared simply because similar "real thing" is now stratospheric, and cars whose values are based on rather tenuous attributes ("only", yes, FFS, "only" 1500 made, in the case of the 964 3.6T, equals 200k plus) - will take a hyper massive hit when people realise that while they may be desirable cars, the price tag previously appended in no way reflects their level of desirability.

And, as is perfectly normal during the upturn, everyone is in denial that this can happen, or even that the upward spike in values can ever end, which idea in itself fails any simple logical test.

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!!!

If you aren't bothered at all and "can afford it" why did you bother posting? Good luck to you, I'm not at all worried, however I may have been mistaken in thinking that this forum was a place for the airing of opinions. Well actually on second thoughts I'm still convinced of that, and what I certainly won't worry or give a fig about is what you or anyone else think of them, this is the UK as far as I can tell, and not Afghanistan.

[ruebdo]

996TT02 said:

If you aren't bothered at all and "can afford it" why did you bother posting? Good luck to you, I'm not at all worried, however I may have been mistaken in thinking that this forum was a place for the airing of opinions. Well actually on second thoughts I'm still convinced of that, and what I certainly won't worry or give a fig about is what you or anyone else think of them, this is the UK as far as I can tell, and not Afghanistan.

I don't think anywhere in my comment I said I was not bothered???? I said I bought the car because I wanted it. I accept it might go up or it might go down. But not bothered where not words I used. I don't seem to remember saying you were worried either???
I replied because I take an interest in the forums and find a lot of useful information on them and have met some great friends through them.
Agreed you can air opinions.
I bothered posting because personally I read it and thought what a load of sh..e you wrote.

[kitesurfer2]

Beautiful car, well done!

[IMI A]

ruebdo said:

996TT02 said:

If you aren't bothered at all and "can afford it" why did you bother posting? Good luck to you, I'm not at all worried, however I may have been mistaken in thinking that this forum was a place for the airing of opinions. Well actually on second thoughts I'm still convinced of that, and what I certainly won't worry or give a fig about is what you or anyone else think of them, this is the UK as far as I can tell, and not Afghanistan.

I don't think anywhere in my comment I said I was not bothered???? I said I bought the car because I wanted it. I accept it might go up or it might go down. But not bothered where not words I used. I don't seem to remember saying you were worried either???
I replied because I take an interest in the forums and find a lot of useful information on them and have met some great friends through them.
Agreed you can air opinions.
I bothered posting because personally I read it and thought what a load of sh..e you wrote.

well said I've been hearing there's going to be a crash since 2005. Honestly! Of course the market goes up and down. That's why sensible people take along term view and as you say certain cars have become an alternative asset class like art.

[jonny finance]

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...

[IMI A]

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.

[xftdr]

At the risk of upsetting rubedo .. which is not my intent as it is a lovely car .. but can someone just tell me why that was £225k and this one is £60k? Genuinely perplexed. What am I missing?

http://www.yorkshireclassicporsche.co.uk/used/pors...

Not looking to upset anyone, just genuinely interested in the difference. Thanks

[Terminator X]

^^ High mileage Unrelated, haircut!

TX.

[Cheib]

xftdr said:

At the risk of upsetting rubedo .. which is not my intent as it is a lovely car .. but can someone just tell me why that was £225k and this one is £60k? Genuinely perplexed. What am I missing?

http://www.yorkshireclassicporsche.co.uk/used/pors...

Not looking to upset anyone, just genuinely interested in the difference. Thanks

That's a bog standard 3.3. The 3.6 is the later car produced in much lower numbers...and rather more desirable.

[xftdr]

Cheib said:

That's a bog standard 3.3. The 3.6 is the later car produced in much lower numbers...and rather more desirable.

Thanks

[Cheib]

xftdr said:

Cheib said:

That's a bog standard 3.3. The 3.6 is the later car produced in much lower numbers...and rather more desirable.

Thanks

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.

Edited by Cheib on Monday 17th November 19:52

[drmark]

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!!!

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