Is the bubble about to burst?
Discussion
mollytherocker said:
I have no doubt that cheap money/low interest rates is part of the story.
But as I have said before, I still maintain that the prime reason is an increased interest in classic cars of a certain type coupled with a diminishing supply.
Of course, its not just 'sports cars', hot hatches are now going crazy!
Technically neither a sports car nor a hot hatch.......but should have kept my 'last of production' E reg Capri 280 Brooklands.....more fool me! But as I have said before, I still maintain that the prime reason is an increased interest in classic cars of a certain type coupled with a diminishing supply.
Of course, its not just 'sports cars', hot hatches are now going crazy!
Phooey said:
Production Numbers. If Ferrari had stuck to original plan of 400 then I'm sure they would be nudging 2 million too. Same for CGT - 1270 built so not rare enough.
the f40/f50 are unique cars and imv justify their price. the 993gt2 is a modified 993 and £1.8 million is way too much money isaldiri said:
Phooey said:
sparta6 said:
making F40's seem like a bargain !
Production Numbers. If Ferrari had stuck to original plan of 400 then I'm sure they would be nudging 2 million too. Same for CGT - 1270 built so not rare enough.
anonymous said:
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Well, you say it doesn't add up, but enough people think it does to part with their cash.Is it silliness? I have no idea, its a game I am not in anyway!
I suppose the question is, if I was a Billionaire, would I have bid on that 993GT2? The answer is yes and if that makes me an idiot then so be it!
Phooey said:
You mean a bit like an original painting vs a reprint?
Exactly-It's completely pointless to even mention the fact that such a 993 GT2 can be made aftermarket.....
Or maybe the next time Roman Abromvich is bidding 20 million for a Lucian Freud he'll say
'wait a minute- I'll buy a copy for £40 instead'
anonymous said:
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Hmm - I agree with this... I recently looked into building an exact GT2 copy, which can be done, and done properly for reasonable money. I had the same thought process regarding an AMG SL Black - which I have always fancied.. Again, these are easily replicated with convincing finish for a fraction of the asking price of a genuine one. Guess if your going to throw a large chunk of money at a car better to end up with something rare, unique and not financially viable to easily replicate..
david hockney said:
Exactly-
It's completely pointless to even mention the fact that such a 993 GT2 can be made aftermarket.....
Or maybe the next time Roman Abromvich is bidding 20 million for a Lucian Freud he'll say
'wait a minute- I'll buy a copy for £40 instead'
but its nonsense though a painting is an expression, these are internal car parts / removal of parts to make lighter special editions of multiple cars!It's completely pointless to even mention the fact that such a 993 GT2 can be made aftermarket.....
Or maybe the next time Roman Abromvich is bidding 20 million for a Lucian Freud he'll say
'wait a minute- I'll buy a copy for £40 instead'
anonymous said:
[redacted]
I wouldn't go as far as calling the buyer an "idiot", but i agree with the above.Absolutely no problem with people paying big money for cars, but please at least it be something of great craftmanship.
Yes, the GT2 may be rare, but it ain't that special. It is derived from a car in plentiful supply, unlike the 'common' F40 or Carrera GT which are bespoke.
Buying cars for the fact they are defined as 'rare' - for me - borders on willy waving. You could build a GT2 replica for relatively little money, but good luck building an F40 from a 348...
anonymous said:
[redacted]
Yes, perhaps our silly threshold is different! £1.85m is nowhere near the top of the market for special cars, so I guess I can see an argument for it and make like for like comparisons with Ferrari 250's and the like. Watches, art and lots of other pointless stuff sells for more than £1.85m! Even an unmade bed!An argument could easily be made that its not worth more than £50k or even less.
Who knows what makes sense really. All I know is that I would REALLY like to own it and use it!
Does anyone know who the vendor of the 993 GT2 was? I assume he was obviously German because the car was regularly serviced in Stuttgart - there's a good chance he was a very celebrated German Porsche collector and the car was bought by a German.....which would obviously up the price considerably........I imagine if Nick Mason sold his cars they would sell well over market rate.....
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