RE: Coys Blenheim Palace sale results
Discussion
greggy50 said:
Paid 29k sold for almost 120k not bad!
Lets call it 110 - but yes, not unhappy. I am sure I spent the difference on the car during my ownership - or close to it - but regardless you never normally get those costs back - a happy ending. Of course I could have made 50k more by keeping the car garaged and NOT driving it.cheddar said:
firebird350 said:
I have a sneaking regard for the Karif
You're not alone, I love them, and can even forgive them their 'DFS armchair' front seats.Did it sell at 15k or not meet reserve?
It did look nice though - see below:
Is "Museum Quality" a euphemism for "has been polished a bit but otherwise hasn't turned-a-wheel or seen a garage in decades?"
It looks tatty even in the pics...
The price on that 911 is just bonkers - people talk about this being the 'boom which won't bust', they talk about prices reaching a level and staying there, but that can't/won't happen as long as some cars are clearly worth SO much more than others.
No matter what a car's perceived value, it's only as valuable as the demand which exists to buy it and it's really hard to imagine some cars gaining any value given recent prices paid.
The SZ was cheap but they've been a lot cheaper - they are a real oddity in that they're worth a fraction of what some far more common Italian metal is - and they're WAY prettier in real-life than in pictures too.
It looks tatty even in the pics...
The price on that 911 is just bonkers - people talk about this being the 'boom which won't bust', they talk about prices reaching a level and staying there, but that can't/won't happen as long as some cars are clearly worth SO much more than others.
No matter what a car's perceived value, it's only as valuable as the demand which exists to buy it and it's really hard to imagine some cars gaining any value given recent prices paid.
The SZ was cheap but they've been a lot cheaper - they are a real oddity in that they're worth a fraction of what some far more common Italian metal is - and they're WAY prettier in real-life than in pictures too.
HeMightBeBanned said:
The article fails to mention the very large number of cars that didn't reach their reserve. Chatting with a classic car dealer mate, he reckons that this is symptomatic of the market because people are losing confidence in the elevated values of classics and aren't so willing to sink daft sums into them.
At this stage of the game all the smart people will have already sold up. Anyone entering the fray now is likely to be the last man standing. k-ink said:
HeMightBeBanned said:
The article fails to mention the very large number of cars that didn't reach their reserve. Chatting with a classic car dealer mate, he reckons that this is symptomatic of the market because people are losing confidence in the elevated values of classics and aren't so willing to sink daft sums into them.
At this stage of the game all the smart people will have already sold up. Anyone entering the fray now is likely to be the last man standing. k-ink said:
HeMightBeBanned said:
The article fails to mention the very large number of cars that didn't reach their reserve. Chatting with a classic car dealer mate, he reckons that this is symptomatic of the market because people are losing confidence in the elevated values of classics and aren't so willing to sink daft sums into them.
At this stage of the game all the smart people will have already sold up. Anyone entering the fray now is likely to be the last man standing. It's hard to imagine making anything at all on current prices (even before the cost of keeping a classic is considered) but a drop would require people to need to free-up the money they have tied-up in their cars and we've proven unwilling to put any stress on the wealthy even when they are criminals so I guess that's gonna take a while to happen...
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