Classic Car Market
Discussion
The classic car market is usually driven by investment or desireability. Desireability where sometimes people in their 30's, 40's and 50's can finally afford the cars they lusted after when they were 20. Thats good market.
Investment is when the bank interest rates are not that good and rich guys buy top quality cars for high returns and tax free earnings. Good for them, and goodhe while for the lower end of the market all the while prices go up and up...
The VERY best cars of the breeds will probobly fare better, those with genuine historical significance. They will always will be sought after, and command a good price even though they may lose a little. Or a lot. But the high-middle ground will take the biggest hit I feel.
Investment is when the bank interest rates are not that good and rich guys buy top quality cars for high returns and tax free earnings. Good for them, and goodhe while for the lower end of the market all the while prices go up and up...
The VERY best cars of the breeds will probobly fare better, those with genuine historical significance. They will always will be sought after, and command a good price even though they may lose a little. Or a lot. But the high-middle ground will take the biggest hit I feel.
Just got home from the Stondon Museum auction at Brightwells and prices were MAD!!!!!!!!! For just about everything. I mean - £5k for a 1968 Invalid Carriage!!!!!
Seems everyone forgot that all of these vehicles had been laid up for at least a decade and were paying, at least, 'on the road' value. Notwithstanding that most of the stuff was rough anyway.
Crazy, just crazy.
Seems everyone forgot that all of these vehicles had been laid up for at least a decade and were paying, at least, 'on the road' value. Notwithstanding that most of the stuff was rough anyway.
Crazy, just crazy.
alsaautomotive said:
Just got home from the Stondon Museum auction at Brightwells and prices were MAD!!!!!!!!! For just about everything. I mean - £5k for a 1968 Invalid Carriage!!!!!
Seems everyone forgot that all of these vehicles had been laid up for at least a decade and were paying, at least, 'on the road' value. Notwithstanding that most of the stuff was rough anyway.
Crazy, just crazy.
Rough?! That museum must have been in a tent! I'd have been sorely pissd off if I'dpaid to go and see that lot.Seems everyone forgot that all of these vehicles had been laid up for at least a decade and were paying, at least, 'on the road' value. Notwithstanding that most of the stuff was rough anyway.
Crazy, just crazy.
Come to think of it, I gave Brightwells £20 to go and see it...
Some things slipped through unnoticed, and others went mad. That invalid carriage was the first thing I told my wife about when I got home.
Doofus said:
Rough?! That museum must have been in a tent! I'd have been sorely pissd off if I'dpaid to go and see that lot.
Come to think of it, I gave Brightwells £20 to go and see it...
Some things slipped through unnoticed, and others went mad. That invalid carriage was the first thing I told my wife about when I got home.
What did you think slipped through? Maybe lot 19 - which was pretty honest, maybe the white Rapier? Were you looking at something specific? I went for the Fairlane & the possibility on the Camargue with vague aspirations on the Dueville & the SM. Fairlane probably sold for what it was worth (more than I was prepared to pay though LOL) but the others, the SM & Camargue in particular were loopy prices.Come to think of it, I gave Brightwells £20 to go and see it...
Some things slipped through unnoticed, and others went mad. That invalid carriage was the first thing I told my wife about when I got home.
alsaautomotive said:
What did you think slipped through? Maybe lot 19 - which was pretty honest, maybe the white Rapier? Were you looking at something specific? I went for the Fairlane & the possibility on the Camargue with vague aspirations on the Dueville & the SM. Fairlane probably sold for what it was worth (more than I was prepared to pay though LOL) but the others, the SM & Camargue in particular were loopy prices.
Yes, the Ambassador went for a lot less that I'd pegged it. I thought the Oldsmobile was a bargain, I think the Regal saloon went for a song, and I was surprised at the Granada for only £1500. None are my kind of thing, but I thought they slipped through.I was toying with the Lagonda, the Carmargue, and the Interceptor. The Jensen went mad for the work it needed, the Rolls Royce went, as you say, loopy, and the Aston was so bloody cheap, I missed it.
That 911 was stupid money. Did you see it? It was a shed, and most of it was fibreglass! £4,600 for a Skoda with no roof?! Madness. And I think that de Tomaso was 4 or 5 over where it needed to be.
I left after the Carmargue. Do you know where the little Peugeot 201 got to?
alsaautomotive said:
I went for the Fairlane & the possibility on the Camargue with vague aspirations on the Dueville & the SM. Fairlane probably sold for what it was worth (more than I was prepared to pay though LOL)
I may have been behind you for a while. Do you have most of your hair on the bottom of yor head rather than the top? 
Doofus said:
Yes, the Ambassador went for a lot less that I'd pegged it. I thought the Oldsmobile was a bargain, I think the Regal saloon went for a song, and I was surprised at the Granada for only £1500. None are my kind of thing, but I thought they slipped through.
I was toying with the Lagonda, the Carmargue, and the Interceptor. The Jensen went mad for the work it needed, the Rolls Royce went, as you say, loopy, and the Aston was so bloody cheap, I missed it.
That 911 was stupid money. Did you see it? It was a shed, and most of it was fibreglass! £4,600 for a Skoda with no roof?! Madness. And I think that de Tomaso was 4 or 5 over where it needed to be.
I left after the Carmargue. Do you know where the little Peugeot 201 got to?
Ah, the Olds was rough - but very cheap. The Lag was bloody rough structurally also. Yes the Interceptor I'd pegged at just shy of ten - we sold a nice one last year through B/wells, the Camargue looked decent enough until you got really close but again recommissioning cost would be large - it's another I didn't rate at more than ten.I was toying with the Lagonda, the Carmargue, and the Interceptor. The Jensen went mad for the work it needed, the Rolls Royce went, as you say, loopy, and the Aston was so bloody cheap, I missed it.
That 911 was stupid money. Did you see it? It was a shed, and most of it was fibreglass! £4,600 for a Skoda with no roof?! Madness. And I think that de Tomaso was 4 or 5 over where it needed to be.
I left after the Carmargue. Do you know where the little Peugeot 201 got to?
The Pug 201 went for £10,200. Pretty little thing though.
Could well have been me - I'd like to think I have a bit more hair than that though
I had my nine year old (tank/army obsessed) daughter with me.The 911 was shocking - looked worse than a Covin!!!!!!!!!!!!!!!!!
I think the biggest difference between the market today and in the 80s when the classics crashed badly is today there seems to be far more people chasing fewer and fewer cars in relation to the demand.
As modern cars have become so clinical certainly everyday cars more people are looking for a car to drive and enjoy that makes them feel like they are in control not the cars computer where as i think the 80s saw more people buying to lock up and appreciate.
However buy because you want it not because its a good investment i think most classics will probably rise no more than the cost of keeping them and using them so free driving is a great way of looking at it.
Andrew
As modern cars have become so clinical certainly everyday cars more people are looking for a car to drive and enjoy that makes them feel like they are in control not the cars computer where as i think the 80s saw more people buying to lock up and appreciate.
However buy because you want it not because its a good investment i think most classics will probably rise no more than the cost of keeping them and using them so free driving is a great way of looking at it.
Andrew
Historics @ Brooklands didn't fare so well last Saturday.
Only around 30% sold on the fall of the hammer - but a lot has sold since by negotiation. I think if they weren't so greedy making 21% + vat on everything, the sell through would have been better.
I guess unrealistic reserves plus the high commission screws it rather than any "adjustment" of the market. some prices were a bit mad though....
They claim £4.1M sold - that is over £800K for them!!!!! Need to cover costs / make a decent profit / etc .... but...
It will be interesting to see how things are at ACA this weekend.
Only around 30% sold on the fall of the hammer - but a lot has sold since by negotiation. I think if they weren't so greedy making 21% + vat on everything, the sell through would have been better.
I guess unrealistic reserves plus the high commission screws it rather than any "adjustment" of the market. some prices were a bit mad though....
They claim £4.1M sold - that is over £800K for them!!!!! Need to cover costs / make a decent profit / etc .... but...
It will be interesting to see how things are at ACA this weekend.
Edited by V8 FOU on Thursday 11th June 09:21
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