$5M to invest in classics for long term..

[Elderly]

LordFlathead said:

Not to sure about the long-term 25 year-ish investment.

This could happen VERY soon. http://www.classicandsportscar.com/news/general-cl...

and then spread to other conurbations - what might that do to values?

[Cheib]

Cheib said:

Why buy an MC12 when there's already an Enzo in the garage?

As someone else said I'd go for a Sport Quattro only 200 made and still relatively affordable, also has great competition pedigree. In similar vein a genuine E9 CSL Batmobile.

If you want to blow the remaining budget on one car a BMW 507 or Porsche 904 might fit the bill. The 507 is a stunning car and was made in tiny numbers. That would probably be my pick. You've already bought a Muira which I think is decent value in this bonkers market.
http://youtu.be/zqWK-mrlWiI

The only car that I have heard the word cheap mentioned in the same sentence as million dollars and car recently was a Maclaren F1 GTR Longtail that sold for $ 5 mil...at the bottom end of the estimated range in an auction last month.

507 appears to have flown the nest....two sold at Amelia Island....one for $1.8mil and the other for $2.4mil.

[roseytones]

Long term investment $5m....

Aston Martin DB7 - whatever the most powerful one is
Aston Martin DBS 1970, James bond drove one remember
Porsche 996 Turbo S
Ferrari F355, these are starting to go now
Ferrari F40
Porsche 997 GT3 4.0 RS, if you can get one
Any F1 car driven by a dead champion, Senna, Hunt, etc...
Alfa 8c
Jaguar XJR 15, these are a steal right now!
911 GT1
Audi quattro sport
BMW M1
205 Gti
Mk2 Gti 16v
Maserati Bora

That lot is still less than $4m Bargain!

Or just get a McLaren F1, these are going to be $50m one day in the not too distant future.

[Paracetamol]

Well its been an active buying spree..

Cat 1 Classics:

Gullwing
Miura
250 GT Lusso
Daytona

Cat 2 Classics
E type
Pagoda


Cat 1 Modern Classics
Enzo
911 997 RS 4.0

Cat 2 Modern Classics

Aston Martin Vanquish
BMW Z8
Range Rover (1972)
BMW M3 E30
BMW M3 Evolution 2
Porsche 993 Turbo
BMW 2000 CS (1968)
Ferrari Testarossa (1988)

Final one for now will be the Carerra GT. We are light on Cat 2 classics... (E types, pagoda, 190sl etc...may soon be remedied

[lowdrag]

If I were to pick but one car out of that collection it would be the Z8. I have always loved the 507 and look what has happened to the price of those over the last few years. As far as E-types are concerned, I'd probably only go for the early outside lock 1961 cars though, but in RHD there were but four coupés made, so unobtanium, but 91 roadsters to search for and a few on the market today.

[RichB]

downr said:

I hear you lowdrag, but I'd urge you to carry on driving them - that's what they were made for (and insurance helps!)

I guess on a slightly more positive note; with classic cars appreciating in value it makes more and more sense for them to be restored. So hopefully well get to see more on the road (I'm thinking ordinary classics rather than the £1m plus jobs)

Exactly my thoughts. With the value of Astons and indeed classic Astons ascending ever skywards I do occasionally think about the value of mine but then as you say, it justifies spending a little more on the maintenance and restoration and also it is well insured! I would hate to simply lock it away and simply view it as an investment.

[johnfm]

88 testarossa?

I would think a 512 BB or fibreglass 308 would be a better investment.

[MarshPhantom]

Lamborghini Jalpa - cool and very rare, £40k seems to get a good one, how many Lambos can you say that about?

www.carandclassic.co.uk/car/C405051

37K miles, minter for £50k

Look great in Black.

Edited by MarshPhantom on Wednesday 23 April 05:31

[EricE]

Paracetamol said:

Well its been an active buying spree..

Cat 1 Classics:

Gullwing
Miura
250 GT Lusso
Daytona

Cat 2 Classics
E type
Pagoda


Cat 1 Modern Classics
Enzo
911 997 RS 4.0

Cat 2 Modern Classics

Aston Martin Vanquish
BMW Z8
Range Rover (1972)
BMW M3 E30
BMW M3 Evolution 2
Porsche 993 Turbo
BMW 2000 CS (1968)
Ferrari Testarossa (1988)

Final one for now will be the Carerra GT. We are light on Cat 2 classics... (E types, pagoda, 190sl etc...may soon be remedied

Custard test please...

[andy74b]

Paracetamol said:

Well its been an active buying spree..

Cat 1 Classics:

Gullwing
Miura
250 GT Lusso
Daytona

Cat 2 Classics
E type
Pagoda


Cat 1 Modern Classics
Enzo
911 997 RS 4.0

Cat 2 Modern Classics

Aston Martin Vanquish
BMW Z8
Range Rover (1972)
BMW M3 E30
BMW M3 Evolution 2
Porsche 993 Turbo
BMW 2000 CS (1968)
Ferrari Testarossa (1988)

Final one for now will be the Carerra GT. We are light on Cat 2 classics... (E types, pagoda, 190sl etc...may soon be remedied

You have very well if bought all of the above for $5m?

[RichB]

Paracetamol said:

Well its been an active buying spree..
Cat 1 Classics:

Gullwing
Miura
250 GT Lusso
Daytona

Didn't you say earlier in the thread that the "Gullwing" was a modern one not a 1950s one? Or am I confusing that?

[Paracetamol]

andy74b said:

Paracetamol said:

Well its been an active buying spree..

Cat 1 Classics:

Gullwing
Miura
250 GT Lusso
Daytona

Cat 2 Classics
E type
Pagoda


Cat 1 Modern Classics
Enzo
911 997 RS 4.0

Cat 2 Modern Classics

Aston Martin Vanquish
BMW Z8
Range Rover (1972)
BMW M3 E30
BMW M3 Evolution 2
Porsche 993 Turbo
BMW 2000 CS (1968)
Ferrari Testarossa (1988)

Final one for now will be the Carerra GT. We are light on Cat 2 classics... (E types, pagoda, 190sl etc...may soon be remedied

You have very well if bought all of the above for $5m?

Good spot...the bill was considerably more than $5m - we got a bit carried away!

Custard Test..I am in my 40's and active on PH for over 10 years...I an not now going to start trolling for fun...there is a certain level of confidentiality I need to maintain about the cars and so no..I will not be posting pictures.

Gullwing is a 1957

Edited by Paracetamol on Thursday 24th April 15:04

[Yertis]

I hope you'll excuse me for saying this Paracetamol, but it does seem to me a curiously soulless – even joyless - way to acquire classic cars. Like buying books by the yard.

[RichB]

Paracetamol said:

Gullwing is a 1957...

Nice, probably only one of only a few that I would chose on that list. But then I made my somewhat esoteric suggestions in this thread back in February and I don't think they'd be the choices of many, especially not someone who has no interest in cars to lock away.

[Paracetamol]

Yertis said:

I hope you'll excuse me for saying this Paracetamol, but it does seem to me a curiously soulless – even joyless - way to acquire classic cars. Like buying books by the yard.

To clarify..a number of these cars are under restoration and I am enjoying watching the fruits of some seriously skilled craftspeople come to fruition..

We do also get to drive some of the cars such as the Vanquish but yes- it will be heartbreaking when some of these are sold but without having been driven by me or the owner..but you can'd drive stocks and shares either at least we get to look and see these cars..

[gwm]

Paracetamol said:

I will not be posting pictures.

awww...

Not even a broad garage pic and block the registrations? This would be a great site to see

[Loose_Cannon]

Yertis said:

I hope you'll excuse me for saying this Paracetamol, but it does seem to me a curiously soulless – even joyless - way to acquire classic cars. Like buying books by the yard.

Nice quote. This thread is so at odds with the spirit of this section of the forum, why is it here and not in "Finance" section? Why has it run so long? CC&YH is a little oasis on PH, away from the parts where thrusters of industry discuss how to spend their staff's pensions and avoid tax. It's where where I, and other penniless urchins, come to look at people's grainy old picture of their dad's Sunbeam Stilletto and stories of why they love their cars.

Most people on here would not need to ask the rest of the world how to spend £5m on toys, as proved by all the little wish lists that they are eager to post up. They would spend it and enjoy it, not wring their hands worrying if it hadn't turned into 6m by next year

[85Carrera]

gwm said:

Paracetamol said:

I will not be posting pictures.

awww...

Not even a broad garage pic and block the registrations? This would be a great site to see

I don't see how that would breach confidentiality any more than listing the cars bought.

Assuming they have been bought ...

[thegreenhell]

Loose_Cannon said:

Yertis said:

I hope you'll excuse me for saying this Paracetamol, but it does seem to me a curiously soulless – even joyless - way to acquire classic cars. Like buying books by the yard.

Nice quote. This thread is so at odds with the spirit of this section of the forum, why is it here and not in "Finance" section? Why has it run so long? CC&YH is a little oasis on PH, away from the parts where thrusters of industry discuss how to spend their staff's pensions and avoid tax. It's where where I, and other penniless urchins, come to look at people's grainy old picture of their dad's Sunbeam Stilletto and stories of why they love their cars.

Most people on here would not need to ask the rest of the world how to spend £5m on toys, as proved by all the little wish lists that they are eager to post up. They would spend it and enjoy it, not wring their hands worrying if it hadn't turned into 6m by next year

I find myself agreeing with these sentiments entirely.

[lowdrag]

The "mode" today is to "invest" in classic cars. I've already posted ad nauseam how it irks me to see this trend, but then lemmings died to a man and I can't reverse the trend. You have to understand that classic cars are no longer for driving, least of all if there is a cloud in the sky, and are purely there to compare to the HAGI index which is quoted every month in a classic magazine. If you subscribe to it (not sure how much per month) I believe you can compare it to other indices, such as gold, silver, duck poo and other incredibly valuable things.

I've also posted how it has changed by driving, less intent on pedal to the metal since the value of my estate for my kids keeps popping into my head. It's spoiled the fun of being a classic car owner a bit - no, a lot. But the anti-lemming investment trust, with a negative curve value, would not please the investor here. He's out to make money with perhaps little passion for cars. I know not, but it brings to mind the sale of the Ecurie Ecosse cars where the C-type, D-type and the transporter were all sold to a New York art dealer who thought that cars were a better investment than his current and past way of life. Like many such owners (another Ecurie Ecosse car comes to mind) the cars will be shown or raced "in the right places" to further increase their history and elusive value. Pebble Beach, Laguna Seca, The Festival and the Revival all come to mind. Except that in the case of one car I know it will be "raced" but never win, always seeking to have it seen in the right places but with never the chance of an opposite lock, never a dice, turning relentlessly around the circuit at 7/10ths maximum, all in the name of increased value. It must never be dented. It must be seen, the "history" must relentlessly keep increasing, and all in the godless name of money. I would love to seek a passion where nothing has a value, is used, and is just fun, with no thought of profit but I can't find one. Old fishing rods and reels are up in value, automobilia is now sky-high, old football jerseys, rugby shorts (with sweat and DNA as proof of course) - you name it, it has become an investment.

Rant over.

Edited by lowdrag on Thursday 24th April 18:57