Is the bubble about to burst?

[Legacywr]

Reasonable results!

https://www.silverstoneauctions.com/nec-classic-mo...

[Wilmslowboy]

Legacywr said:

Reasonable results!

https://www.silverstoneauctions.com/nec-classic-mo...

All the good prices are for ridiculously low mileage stuff.

[Phooey]

Wow. £60k for an Escort RS turbo mk1! My dream car that was when I were a whipper. Is that including fees?

[fredt]

Legacywr said:

Reasonable results!

https://www.silverstoneauctions.com/nec-classic-mo...

Poster signed my Magnus Walker - 1175 quid!!!

There truly are some muppets about

[Koln-RS]

I followed this w/e's Silverstone sale - as usual, mixed quality, but big event at grim time of the year.

There's clearly still a buoyant market, with some strong bidding and prices are + B.P. Much of what didn't sell still had healthy bidding, but over ambitiously high reserves.

[355Chris355]

Koln-RS said:

I followed this w/e's Silverstone sale - as usual, mixed quality, but big event at grim time of the year.

There's clearly still a buoyant market, with some strong bidding and prices are + B.P. Much of what didn't sell still had healthy bidding, but over ambitiously high reserves.

The prices stated on that link do include the B.P.

[Bo_apex]

Koln-RS said:

I followed this w/e's Silverstone sale - as usual, mixed quality, but big event at grim time of the year.

There's clearly still a buoyant market, with some strong bidding and prices are + B.P. Much of what didn't sell still had healthy bidding, but over ambitiously high reserves.

^^this^^

as an enthusiast unfortunately this growth looks set to continue, as quite a chunk of the liquidity sloshing around is tethered to the housing market. Industry predictions show some areas of UK house prices are going to increase between 15% and 40% by 2020. And even then, demand will still be outstripping supply.
Something to do with over population apparently....

[roygarth]

Wilmslowboy said:

Legacywr said:

Reasonable results!

https://www.silverstoneauctions.com/nec-classic-mo...

All the good prices are for ridiculously low mileage stuff.

A hot market at the moment seems to be low mileage 1990's and early 2000's hot hatches, sports cars and exotica.

[dickyf]

I was at the auction over the weekend. Good cars with low miles made very strong figures.
930 was immaculate. The RS turbo created a real buzz as did the RS500. i think they sold 80% of the lots but i wouldn't be at all surprised if that went up with sales afterwards.

[Phooey]

http://www.total911.com/sales-debate-where-is-the-...

[dickyf]

so three specialist car dealers say the next months is a good time to buy a specialist car..how much do i owe for this gem of insight??

[Digga]

dickyf said:

so three specialist car dealers say the next months is a good time to buy a specialist car..how much do i owe for this gem of insight??

Don't mock. It's a well known fact that people who sell the most expensive coffee can afford to buy the best crystal balls.

[Phooey]

Digga said:

Don't mock. It's a well known fact that people who sell the most expensive coffee can afford to buy the best crystal balls.

Absolutely, lol! I wish I'd of listened to these specialists 5 yrs ago...

[mollytherocker]

dickyf said:

so three specialist car dealers say the next months is a good time to buy a specialist car..how much do i owe for this gem of insight??

Indeed, but of course they are all part of 'mechanism' that drives the values, whether we like it or not! Its hard to be analytical about these things as its all driven by unquantifiable things like, confidence, emotion, status, desire, history, passion and yes, trends.

Is a 993RS worth £200k+? It depends on how you define value. If I won the lottery, I would buy one.

All I know is that there is a lot of love for these cars and supply is dwindling generally. And the market has grown to include new markets i.e; the BRIC countries.

Unless a load of collectors start flooding the market with cars, I can't see how this will change.

[Bo_apex]

anonymous said:

[redacted]

Agree. Great or seminal cars will always be sought after. We've seen some serious collectors moving in on the 928 market recently, quite a few high £££ sales.
On the point of carbon usage restrictions, many Classic enthusiasts & collectors already have these in place, with limited mileage policies starting at 1,500 miles per annum. This section of the market seems quite self-policing.

[Bo_apex]

anonymous said:

[redacted]

Well we kicked compulsory ID Cards out of the park...so who knows

[andymc]

There's a 2007 GT3 going through Sytner trade auction, if anyone wants a heads up what it fetched, its got 27k and 4 Porsche services, it looks retail ready with no over revs recorded

[Legacywr]

Do you have a link? Just out of interest!

[jimmyslr]

andymc said:

There's a 2007 GT3 going through Sytner trade auction, if anyone wants a heads up what it fetched, its got 27k and 4 Porsche services, it looks retail ready with no over revs recorded

This is interesting as I'm in the market for one of these in the right spec for me. A link or PM would be great to help understand the market - there's a big spread out there right now!

[andymc]

The car didnt hit reserve, £69100, I can't put the link as you won't be able to access it as it's passworded, if anyone wants the reg then PM me please, the spec was

PCM Satellite Navigation
Carbon Interior Package
Thicker 3-Spoke Steering Wheel
Heated Seats
Centre Console Painted Basalt Black
Fantastic car, great spec' and history, overage stock hence reluctant sale.

Basalt Black Metallic, Black Full Leather/Alcantara
PCM Satellite Navigation,Sports Seats,Heated Seats,Sport Steering Wheel With Thicker Leather,Carbon Interior Package,Instrument Dials In Guards Red,Guards Red Seat Belts,Rear Centre Console Painted In Basalt Black,Door Entry Guards In Carbon,Door Finishers In Leather,Alloy Wheels Painted In Black ,Sound Package Plus, Porsche VTS