Current Hot Market
Discussion
I suppose it depends on who's buying. As prices increase I think most genuine enthusiasts are priced out of the market and speculators take over. That's a whole other world of perceived value - the point being that as soon as the perceived value stagnates because some other speculative investment offers a better return then it's time to sell and prices will drop like a stone as the speculators jump ship. I suspect the current bubble exists due to the favourable tax treatment of these investments - if that changes, and given the current fiscal situation I think it's only a matter of time, I think it's fair to say that the fit will hit the shan and we'll be back in a world of enthusiast buyers rather than speculators. Like all of these things, it's all about spotting the top of the market but I'm sure there is a top - are current values really down to actual rarity/desirability or are they down to availability?
That said - wouldn't mind being having a garage full of 993's and 964's waiting for the top!
That said - wouldn't mind being having a garage full of 993's and 964's waiting for the top!
911dullard said:
So given whats happened to prices of GT and aircooled cars in recent times when do we see the mkt cooling off or do we think it will settle and hold before steadily rising over a longer period?
Just interested in peoples views....Cheers
A lot of funds are moving into classic cars. Over the past 10 years, the classic car market has out performed most if not all investments. Taking into account the low numbers of cars actually available. Along with poor residual values of new cars, I can not see any cooling off on this any time soon, at least not in the short to medium term.... Just interested in peoples views....Cheers
APOLO1 said:
A lot of funds are moving into classic cars. Over the past 10 years, the classic car market has out performed most if not all investments. Taking into account the low numbers of cars actually available. Along with poor residual values of new cars, I can not see any cooling off on this any time soon, at least not in the short to medium term....
Agree with a lot of this, but past performance is no guarantee for the future as we all know and will have experienced with all asset classes. When margin calls start to come in on other assets - stocks, bonds, gold, cars will be vulnerable for they cost money to maintain/insure/store.Far East Market is a wild card, now if China sneezes..
911dullard said:
Interesting and what do you consider the 'proper cars'?
Early rs' , rsr,s ( especially with provenance ) , st , tr , gt1 , air cooled cup cars ( and rsr) with provenance , anything approaching lemans classic age , early stuff like 356 Carrera , 959 s models (not sure about comforts) and other super rare bits ( like 911 r etc) and any kind of analogue race car with provenance just off the top of my head .The above I think are pretty safe in the Porsche world .
Many more in Ferrari world though .
Edited by wtdoom on Friday 30th May 16:00
Edited by wtdoom on Friday 30th May 16:01
wtdoom said:
Genuine limited number blue chip will simply slow , others that are being dragged up artificially will have a correction .
There's no crash coming for proper cars .
I'd tend to agree with that.There's no crash coming for proper cars .
There's two markets at the moment - the genuine 'blue chip' classic/collectables that have seen serious growth through rarity, provenance and eligibility. This market has substance.
Then, you've got the 'enthusiast' market getting over-excited about some interesting, but not rare cars, plus a lot of tat, and greedy dealers stretching prices ever further. I personally see this end of the market getting a reality check when the novelty wears off.
Not just cars - the Les A casino recently put up membership from £500 to £25,000. Membership numbers plummeted from 300+ to 100 - but they're quids in...
There's a lot of money out there for the cars and other fripperies in life.
There's a much bigger market for RHD cars than there was in the last boom - more and more will be exported, leaving either very pricey or very ropey cars here...?
There's a lot of money out there for the cars and other fripperies in life.
There's a much bigger market for RHD cars than there was in the last boom - more and more will be exported, leaving either very pricey or very ropey cars here...?
Koln-RS said:
Then, you've got the 'enthusiast' market getting over-excited about some interesting, but not rare cars, plus a lot of tat, and greedy dealers stretching prices ever further. I personally see this end of the market getting a reality check when the novelty wears off.
I'd agree with all of that.And the OP would probably like to know when the novelty is going to wear off.
And wouldn't we all.
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