Is the bubble about to burst?

[g7jhp]

GT4RS said:

g7jhp said:

GT4RS said:

Worth read for the people who are genuinely interested in prices.

The fact that it's on thisismoney.co.uk means to many have bought for profit rather than enjoyment.

http://www.thisismoney.co.uk/money/cars/article-37...

One dealer mentioned the top was 6 to 9 months ago. Give it a few months and the investors will be trying to get out.

'A 964 (the 911 models made between 1989 and 1994) was £50,000 or £60,000 but now is back around £45,000.

The point you are making is?

Just quoting a section of the article which is relevant to this forum.

I agree with Steve's point xxceptional cars will always be in demand. Low mileage queens will command a premium for collectors looking longer term. Good higher mileage cars will always find a level with enthusiasts looking to drive them.

Having watched the 3.2 Carrera market you can see more coming up for sale, many are hanging around and asking prices are lower.

Those thinking about cashing in at a high need to get their car sold, people have been away in August and we hit the end of the summer.

Hopefully we'll see a steady drop off across the board so enthusiasts have a larger choice at a more reasonable price. There's been too much tat at premium prices in the last couple of years.

[IMI A]

Steve Rance said:

Decent 964 C2 manual now well over £50k and still rising. I've been watching the market closely over the last 6 months for a friend who is looking to build something similar to my car. Taragas soft tops and C4's also still rising. He was hoping to see a fall after brexit but it hasn't happened.

DELETED: Comment made by a member who's account has been deleted.

Low miles Brunei 964 C2 recently sold for £85,000.Yellow car very nice.

[roygarth]

£2.5 mill for a 30 year old sofa...that 993GT2 at £1.8mm was a veritable bargain!

https://www.phillips.com/detail/MARC-NEWSON/UK0502...

[Legacywr]

I ask this every now and then, as he started this thread, any ideas what's happened to Crimp? Did he get banned again?

[MDL111]

roygarth said:

£2.5 mill for a 30 year old sofa...that 993GT2 at £1.8mm was a veritable bargain!

https://www.phillips.com/detail/MARC-NEWSON/UK0502...

god that look useless / uncomfortable

suddenly the car prices do make a lot more sense to me - it is just that I don't have the money, which is a bit of a bummer

[SEE YA]

Legacywr said:

I ask this every now and then, as he started this thread, any ideas what's happened to Crimp? Did he get banned again?

I think he is back on here?

[mollytherocker]

roygarth said:

£2.5 mill for a 30 year old sofa...that 993GT2 at £1.8mm was a veritable bargain!

https://www.phillips.com/detail/MARC-NEWSON/UK0502...

Thats a whole new kind of dumb.

[Alpinestars]

mollytherocker said:

Thats a whole new kind of dumb.

No more dumb than buying any other piece of art or commodity. Had someone paid £2m for it a few months ago, it would have been far from dumb.

[ORD]

It is more interesting that Porsche prices generally, even for cooking models, are extremely high at the moment. There are Gen 1 997s on sale for well over £30k. 10 year old cars with chocolate engines! 991.1s are selling for not much less than their purchase prices.

I can see 997.2 and 991.1 prices flattening out ridiculously high at this rate. Depreciation is already slowing to a crawl. A bloody shame if, like me, you fancy getting hold of the best possible 997 GTS as a long term keeper, for example. Prices on those are probably on the up, but they are already very high. It would be quite ballsy to pay £60-70k for a 5 year old cooking 911.

At these kind of prices, it becomes quite tempting to spend money on a cheaper car and take it out of the OPC money-go-round. A 997. 2 S plus £20k of choice modifications could surely give you one hell of a car for actual driving.

[Shiverman]

ORD said:

It is more interesting that Porsche prices generally, even for cooking models, are extremely high at the moment. There are Gen 1 997s on sale for well over £30k. 10 year old cars with chocolate engines! 991.1s are selling for not much less than their purchase prices.

I can see 997.2 and 991.1 prices flattening out ridiculously high at this rate. Depreciation is already slowing to a crawl. A bloody shame if, like me, you fancy getting hold of the best possible 997 GTS as a long term keeper, for example. Prices on those are probably on the up, but they are already very high. It would be quite ballsy to pay £60-70k for a 5 year old cooking 911.

At these kind of prices, it becomes quite tempting to spend money on a cheaper car and take it out of the OPC money-go-round. A 997. 2 S plus £20k of choice modifications could surely give you one hell of a car for actual driving.

But then it is a modified 997.2S and so worth less than before you modified it! 997GTS will still be worth more but if you use it daily you'll be watching the miles and worrying how that is going to affect value. No easy answer, I would normally say GTS but prices are super hot atm.

[g7jhp]

Shiverman said:

ORD said:

It is more interesting that Porsche prices generally, even for cooking models, are extremely high at the moment. There are Gen 1 997s on sale for well over £30k. 10 year old cars with chocolate engines! 991.1s are selling for not much less than their purchase prices.

I can see 997.2 and 991.1 prices flattening out ridiculously high at this rate. Depreciation is already slowing to a crawl. A bloody shame if, like me, you fancy getting hold of the best possible 997 GTS as a long term keeper, for example. Prices on those are probably on the up, but they are already very high. It would be quite ballsy to pay £60-70k for a 5 year old cooking 911.

At these kind of prices, it becomes quite tempting to spend money on a cheaper car and take it out of the OPC money-go-round. A 997. 2 S plus £20k of choice modifications could surely give you one hell of a car for actual driving.

But then it is a modified 997.2S and so worth less than before you modified it! 997GTS will still be worth more but if you use it daily you'll be watching the miles and worrying how that is going to affect value. No easy answer, I would normally say GTS but prices are super hot atm.

If you're buying it for a keeper and driving, it's not such a problem.

I'd go your route ORD and take a 997.2 C2S, add a set of Porsche buckets, BBS wheels and ducktail etc. More fun making it personal.

[MDL111]

anonymous said:

[redacted]

I have thought about this too, but once I add up the costs of what i would like to do (nothing crazy - seats, suspension, remove some sound deadening, lighter rims), I can basically/nearly buy a 996.1 GT3 .... and that looks like a much better proposition to me (and then probably start doing similar stuff to the GT3 - and so it goes on and on ....

[Steve Rance]

Sensible approach and a nice car at the end of it.

[david hockney]

roygarth said:

£2.5 mill for a 30 year old sofa...that 993GT2 at £1.8mm was a veritable bargain!

https://www.phillips.com/detail/MARC-NEWSON/UK0502...

For sure the GT2 looks much better value for money!

But, the Newson Lockheed lounge is regarded as the most iconic furniture design
of modern times- and there were only 10 made + prototypes. Ideal for your average
Oligarch to stick in his front room.

[Legacywr]

We could play a game...

We could try and give our best guess at these cars coming up at auction?

http://www.silverstoneauctions.com/the-porsche-sal...

[GT4P]

That should be interesting! Some real crap in there!

[m88ony]

Porsche market is very interesting. I drive past my OPC daily on the way to work and its always rammed with customers and cars covered under blankets for handovers.

[Legacywr]

997 turbo's have gone up 10k over the last year!

[mollytherocker]

m88ony said:

Porsche market is very interesting. I drive past my OPC daily on the way to work and its always rammed with customers and cars covered under blankets for handovers.

Why are the customers covered? Are they embarrassed?

[FrankCayman]

mollytherocker said:

m88ony said:

Porsche market is very interesting. I drive past my OPC daily on the way to work and its always rammed with customers and cars covered under blankets for handovers.

Why are the customers covered? Are they embarrassed?

And who are Porsche handing the customers over to?