Is the bubble about to burst?

Is the bubble about to burst?

Author
Discussion

AndrewD

7,544 posts

285 months

Sunday 17th July 2016
quotequote all
Sod Brexit.

Have been offered a RHD 993 GT2. Yes/no?

Sam All

3,101 posts

102 months

Sunday 17th July 2016
quotequote all
AndrewD said:
Sod Brexit.

Have been offered a RHD 993 GT2. Yes/no?
To go along with some of the other ultimates, why not - will always command mucho respect.

IMI A

9,418 posts

202 months

Sunday 17th July 2016
quotequote all
AndrewD said:
Sod Brexit.

Have been offered a RHD 993 GT2. Yes/no?
Yes!

Alpinestars

13,954 posts

245 months

Sunday 17th July 2016
quotequote all
AndrewD said:
Sod Brexit.

Have been offered a RHD 993 GT2. Yes/no?
Oh yes.

ttdan

1,091 posts

194 months

Sunday 17th July 2016
quotequote all
braddo said:
LaSource said:
M3s are beginning to look very interesting for basic manual experience...I just bought an E46 M3 for a bit of light fun as they seem too good a proposition to ignore...

Sure they are not perfect and need a bit of tinkering - brakes, suspension, seats, etc. But then a lot cheaper than most 911s and after these upgrades should be very good to go...
I've not driven one, but how does steering feel compare for E36/E46 against 996 and 997?
Steering is not so bad but it depends what you are comparing. The fun thing about the e46 is that they are relatively cheap to tinker with. Mine has a square set up with 265's all round and a "purple tag" rack, three turns lock to lock. Its a bit of tramline monster on the road but the front end on a circuit is fabulous, difficult to promote understeer but then it doesn't have the grunt of a GT3. Totally different thing to a 911 though but they are both entertaining to learn to balance and drive.

CarreraLightweightRacing

2,011 posts

210 months

Sunday 17th July 2016
quotequote all
Tony 1234 said:
CarreraLightweightRacing said:
Feck me this thread has redeemed itself the last page or so wink Keep it up guys smile
Sorry I disagree smile why not start a new 'old bangers' thread, we're all different of course but I prefere the new stuff and looking to get into a .2 GT3RS getmecoat
If that's what floats your boat Tony, I wouldn't want you to feel left out, here is a little picture of my new old banger wink



RSVP911

8,192 posts

134 months

Sunday 17th July 2016
quotequote all
AndrewD said:
Bring on more old bangers!

Love the S. And that fake silver RS wink
Thanks - I think ! smile

RSVP911

8,192 posts

134 months

Sunday 17th July 2016
quotequote all
drmark said:
Yours? It's mine!
I guess you're right - the closest I got was the odd flirtation at buying it that went nowhere frown

SRT Hellcat

7,039 posts

218 months

Sunday 17th July 2016
quotequote all
AndrewD said:
Sod Brexit.

Have been offered a RHD 993 GT2. Yes/no?
What colour. Yellow ?. My advice is yes but only if it is at the right price and you make absolutely sure that it is an original panelled car and unpainted.
I'm sorry but none of the water cooled GT3's, RS's do it for me. Aesthetically anyway.
Truly narrow bodied. Slightly flared long hoods. 2.7RS, 930, 3.6 Turbo, Wide bodied 993's, 993RS, 993GT2. I would own them all.

drmark

4,867 posts

187 months

Monday 18th July 2016
quotequote all
RSVP911 said:
I guess you're right - the closest I got was the odd flirtation at buying it that went nowhere frown
Better not to have bought, than to have had and sold frown

996GT2

2,649 posts

211 months

Monday 18th July 2016
quotequote all
IMI A said:
AndrewD said:
Sod Brexit.

Have been offered a RHD 993 GT2. Yes/no?
Yes!
Yellow? Silver? Get it bought and get some pictures on here.


Seveneer

8 posts

224 months

Monday 18th July 2016
quotequote all
I think there will be a very strong bubble crash on cars from the 60's.

1 - The demand will not raise, it will decrease. Who buys cars from the 60's ? People who were 18 in those years, dreaming about all the nice cars they saw, but who could not afford one. So they worked hard, got money, and finally decided to buy one. At crazy prices, sometimes ! But who else will be interrested by those cars in a few years ? A younger friend of mine also collect cars, he buys only cars from the 80's. Cars from the 60's have no value for him !

2 - The offer will increase. The current owners are in their 60's or 70's now. Soon, they will be gone. What will their children do with these old cars, so difficult to drive ? Put them on the market !

3 - Many cars have been purchased by speculators, who did not care about the price. The higher prices called for a bigger profit at resale ! I follow the prices of 275GTB who sold for 4-8 millions. The last ones were offered for 2-2.5 and did not sell !




Mousem40

1,667 posts

218 months

Monday 18th July 2016
quotequote all
Seveneer said:
I think there will be a very strong bubble crash on cars from the 60's.

1 - The demand will not raise, it will decrease. Who buys cars from the 60's ? People who were 18 in those years, dreaming about all the nice cars they saw, but who could not afford one. So they worked hard, got money, and finally decided to buy one. At crazy prices, sometimes ! But who else will be interrested by those cars in a few years ? A younger friend of mine also collect cars, he buys only cars from the 80's. Cars from the 60's have no value for him !

2 - The offer will increase. The current owners are in their 60's or 70's now. Soon, they will be gone. What will their children do with these old cars, so difficult to drive ? Put them on the market !

3 - Many cars have been purchased by speculators, who did not care about the price. The higher prices called for a bigger profit at resale ! I follow the prices of 275GTB who sold for 4-8 millions. The last ones were offered for 2-2.5 and did not sell !
With that logic, no prewar cars would attract any buyers, epic!
In that case I'll have


3 1931 Duesenberg's at 50p each (you know, the ones that previously sold for $10m)
2 Bentley Blowers at £1.50 (the ones that formerly sold for over £2m)
1 1912 Rolls Royce Silver ghost Pullman (the ones that previously sold for $7m)
And 5 1936 Mercedes Benz 540k Special Roadsters for mowing the lawn with (the ones that previously sold for $11m)



Edited by Mousem40 on Monday 18th July 16:40

Slickhillsy

1,772 posts

144 months

Monday 18th July 2016
quotequote all
Seveneer said:
I think there will be a very strong bubble crash on cars from the 60's.

1 - The demand will not raise, it will decrease. Who buys cars from the 60's ? People who were 18 in those years, dreaming about all the nice cars they saw, but who could not afford one. So they worked hard, got money, and finally decided to buy one. At crazy prices, sometimes ! But who else will be interrested by those cars in a few years ? A younger friend of mine also collect cars, he buys only cars from the 80's. Cars from the 60's have no value for him !

2 - The offer will increase. The current owners are in their 60's or 70's now. Soon, they will be gone. What will their children do with these old cars, so difficult to drive ? Put them on the market !

3 - Many cars have been purchased by speculators, who did not care about the price. The higher prices called for a bigger profit at resale ! I follow the prices of 275GTB who sold for 4-8 millions. The last ones were offered for 2-2.5 and did not sell !
Lets hope his 8th post is a little bit better than this one... LOL eek

pistolp

1,719 posts

223 months

Monday 18th July 2016
quotequote all
You do have some logic but not when you finish off with a 275 at 4-8m! It's more like 1.5 upward. Possibly less for a 2 cam and it's anyone's guess at the moment because the market is in reverse.

SEE YA

3,522 posts

246 months

Monday 18th July 2016
quotequote all
Well was at Sherborne classic and sportcars show.
Great event,on a dealers stand was a 930 cab 61k miles price £109k.
It will still need money,spent on it and all the big bills in the next five years.
Turn this into a 150k very fast.

So the market is still good for some people.



Edited by SEE YA on Monday 18th July 21:34

P1ato

342 posts

129 months

Monday 18th July 2016
quotequote all
I don't think a 275 GTB is the best way to illustrate your argument. For me it's one of the greatest Ferraris of all time, from a classic era and with timeless appeal.

The classic car market is more sophisticated and global than in the 90s. Back then an MGA or an MGTF would cost as much as a 356 or 911T. British nostalgia, and easier parts availability may have been a factor. There's no doubt fashions change, but the 911 has been such an icon for so many decades the ones on this thread look to be worth every penny!

RSVP911

8,192 posts

134 months

Monday 18th July 2016
quotequote all
drmark said:
Better not to have bought, than to have had and sold frown
Yes , that must be a constant cause of frustration - oops ! smile

SRT Hellcat

7,039 posts

218 months

Monday 18th July 2016
quotequote all
Seveneer said:
I think there will be a very strong bubble crash on cars from the 60's.

1 - The demand will not raise, it will decrease. Who buys cars from the 60's ? People who were 18 in those years, dreaming about all the nice cars they saw, but who could not afford one. So they worked hard, got money, and finally decided to buy one. At crazy prices, sometimes ! But who else will be interrested by those cars in a few years ? A younger friend of mine also collect cars, he buys only cars from the 80's. Cars from the 60's have no value for him !
Great lurking Seveneer. Just one fly in your ointment. Pre 1966 FIA Historic Race Cars. The Historic race car scene is mega and continues to attract more interest. Myself included. Why, well dependant upon what you buy you can still have great fun for half sensible money. Something you cannot do in modern day race cars. A Cup car for an example.

griffter

3,990 posts

256 months

Tuesday 19th July 2016
quotequote all
Mousem40 said:
With that logic, no prewar cars would attract any buyers, epic!
In that case I'll have


3 1931 Duesenberg's at 50p each (you know, the ones that previously sold for $10m)
2 Bentley Blowers at £1.50 (the ones that formerly sold for over £2m)
1 1912 Rolls Royce Silver ghost Pullman (the ones that previously sold for $7m)
And 5 1936 Mercedes Benz 540k Special Roadsters for mowing the lawn with (the ones that previously sold for $11m
Those are icons. The merit in his (admittedly very generalised) argument is borne out by the fact that on the whole pre war cars have not seen the huge increases some post war, particularly 60s/70s exotics, have.