The Porsche Bubble Explodes - 'PEAK BEARD'
Discussion
Hi All
I have been banging on about increases in RS, GT and air cooled cars for the past couple of years and was very much of the view that its just the market in action, with International forces just increasing the pressure.
But, I am starting to think that its gone too far and some traders have been manipulating this rise in prices to their advantage (maybe even working as a cartel). The horror eh?
This Summer we have seen some crazy rises and I am wondering whether it is sustainable and whether we have hit 'peak beard' (Copyright MTR). A 993RS for 250k? Gen 2 GT3 non RS at 100k? 964RS at lord knows what now!
Don't get me wrong, I am not saying that there is an almighty crash due, but we may be at the summit, with some 'corrections' to come and then a levelling out over the next few years.
Therefore, I am offically calling a bubble. Views?
I have been banging on about increases in RS, GT and air cooled cars for the past couple of years and was very much of the view that its just the market in action, with International forces just increasing the pressure.
But, I am starting to think that its gone too far and some traders have been manipulating this rise in prices to their advantage (maybe even working as a cartel). The horror eh?
This Summer we have seen some crazy rises and I am wondering whether it is sustainable and whether we have hit 'peak beard' (Copyright MTR). A 993RS for 250k? Gen 2 GT3 non RS at 100k? 964RS at lord knows what now!
Don't get me wrong, I am not saying that there is an almighty crash due, but we may be at the summit, with some 'corrections' to come and then a levelling out over the next few years.
Therefore, I am offically calling a bubble. Views?
delays said:
Anyone worrying about spiralling values would be well-advised to buy an early Boxster for under £5k.
Crazy value, both in context of where other 6-cylinder Pork is headed as well as in the grand scheme of things. Some are down as low as £4k - the price of a set of PCCBs.
Agreed, they are amazing value.Crazy value, both in context of where other 6-cylinder Pork is headed as well as in the grand scheme of things. Some are down as low as £4k - the price of a set of PCCBs.
RichB said:
mollytherocker said:
SunDiver said:
Peak Beard got called back in April in The Guardian, though in a different context; those crazy hipsters...
I may have borrowed the term. I think it fits though. 
pete a said:
£250k? Thats not even funny. £150k would be speculative. This does not reflect well on JZM in my view.Gassing Station | Porsche General | Top of Page | What's New | My Stuff