Time to stop plugging classics as investments?
Discussion
Elderly said:
classicaholic said:
H&H prices seem down a lot, ..........
How about this Ferrari for 30Khttps://online.handh.co.uk/m/lot-details/index/catalog/118/lot/45910/?url=%2Fm%2Fview-auctions%2Fcatalog%2Fid%2F118%2F
Which meant that the vendor came away with a little under £28k.How about this Ferrari for 30Khttps://online.handh.co.uk/m/lot-details/index/catalog/118/lot/45910/?url=%2Fm%2Fview-auctions%2Fcatalog%2Fid%2F118%2F
wl606 said:
Dino did well, over £300k..wl606 said:
£84,375 for a quattro!!!POORCARDEALER said:
Market has been in decline for at least 12 months on most cars.
I have never been offered as many Ferraris, air cooled Porsches, E Types.....all at yesterdays mad prices.
Next 12 months will be a good time to be sat on cash if you want to buy something interesting at sensible money
Yup, I reckon my E-type has come down £100,000 from the top of the market 18 months ago. There's someone here who bought a no-floor (was a flat floor once) E-type at auction for €112,000 six months back and the best offer I can get is around £40,000 for it now. He's still dreaming of getting his money back one day. H&H sold E-types the other day for cheap money; £67,000 for a 63 roadster, and 68 coupé for £37,000 arre but two examples.I have never been offered as many Ferraris, air cooled Porsches, E Types.....all at yesterdays mad prices.
Next 12 months will be a good time to be sat on cash if you want to buy something interesting at sensible money
wl606 said:
Yes, i think prices have softened but not crashed. Most of jags and old timers sold with quite high price although there we quite a bit of cars wich didn't sell at all. How normal is this normal in auctions? Modern Porsche and 80's ferraris didn't sell well.What is realistic price for Ferrari Mondial QV or 308? I have soft spot for them and i'm starting to get some stupid ideas in my head...
LasseV said:
Yes, i think prices have softened but not crashed. Most of jags and old timers sold with quite high price although there we quite a bit of cars wich didn't sell at all. How normal is this normal in auctions? Modern Porsche and 80's ferraris didn't sell well.
What is realistic price for Ferrari Mondial QV or 308? I have soft spot for them and i'm starting to get some stupid ideas in my head...
I have seen a few decent Mondials around £35,000 - pretty much where they were say 5 years ago. I think they peaked around £45,000. i would have one over a 348 - just something deliciously 80's about them. What is realistic price for Ferrari Mondial QV or 308? I have soft spot for them and i'm starting to get some stupid ideas in my head...
In my humble and ill advised opinion, we might see the expensive to maintain likes of 928, DB7 (arguably already happened), Bentley GT and similar tick up in value. My logic is that like the mid 70's E Type, all the knobheads, skint chancers , ten bob millionaires, and drug dealers have thrashed theirs, leaving only the nice, well maintained ones left.
classicaholic said:
Elderly said:
classicaholic said:
H&H prices seem down a lot, ..........
How about this Ferrari for 30Khttps://online.handh.co.uk/m/lot-details/index/catalog/118/lot/45910/?url=%2Fm%2Fview-auctions%2Fcatalog%2Fid%2F118%2F
Which meant that the vendor came away with a little under £28k.How about this Ferrari for 30Khttps://online.handh.co.uk/m/lot-details/index/catalog/118/lot/45910/?url=%2Fm%2Fview-auctions%2Fcatalog%2Fid%2F118%2F
Having said that, it would be a nice purchase if I lived in a LHD market once I'd got rid of the Federal garbage.
I wouldn’t read anything into those Ferrari results, or lack of. In a struggling and saturated market, no-one’s going to pay strong money for a US LHD import at a provincial auction. As for Mondials, I bought a decent T Cabriolet 2 years ago for £40k from a reputable marque specialist inc. cam belt change. It’s probably worth about the same today, certainly no more.
I had a look at Peter Vardys Heritage site - Edinburgh, an offshoot from their franchises - which uses the 'Investment' strap line on their showroom wall if you can believe that, lots of cars that have been there last time I looked - 18 months ago, and the prices don't look that appealing. I can imagine a place like this to cease in the aftermath as it was obviously conceived originally with the accelerating values a few years ago.
That kind of money for a 20 valve Ur Quattro is long over due given that only 931 were made (approx 300 RHD), it's a pristine low mileage, one-owner example & they were a car which was handmade at the rate of 3 per day.
The Ur Quattro has forever been a "future classic" which has never really moved in value with the best Integrale Evo's, E30 M3's, Cosworth Sierra RS500 etc - and to a great extent that still remains the case.
That example is something of an outlier as most were used extensively in period (as were most performance German cars), have accumulated high mileages, are expensive to repair & a good number of parts are NLA.
The Ur Quattro has forever been a "future classic" which has never really moved in value with the best Integrale Evo's, E30 M3's, Cosworth Sierra RS500 etc - and to a great extent that still remains the case.
That example is something of an outlier as most were used extensively in period (as were most performance German cars), have accumulated high mileages, are expensive to repair & a good number of parts are NLA.
Just going back to my original post, the December 2019 issue of Classic Cars has just landed on my door mat. The front cover headlines announces the “BEST OF BRITISH... Great buys to beat the market.”
Their 3 most valuable suggestions include Sierra Cosworth, AM Vanquish and Series 1 E-Type Jaguar Roadster all of which are apparently “behind the market - now’s the time to buy”. Hmm, if you say so...
Their 3 most valuable suggestions include Sierra Cosworth, AM Vanquish and Series 1 E-Type Jaguar Roadster all of which are apparently “behind the market - now’s the time to buy”. Hmm, if you say so...
LotusOmega375D said:
Just going back to my original post, the December 2019 issue of Classic Cars has just landed on my door mat. The front cover headlines announces the “BEST OF BRITISH... Great buys to beat the market.”
Their 3 most valuable suggestions include Sierra Cosworth, AM Vanquish and Series 1 E-Type Jaguar Roadster all of which are apparently “behind the market - now’s the time to buy”. Hmm, if you say so...
I've seen 3 Cossehs coming up at auction over the next few weeks, 2 at Anglia and 1 at Spicers. Will be interesting to see how 'behind the market' they are.Their 3 most valuable suggestions include Sierra Cosworth, AM Vanquish and Series 1 E-Type Jaguar Roadster all of which are apparently “behind the market - now’s the time to buy”. Hmm, if you say so...
LotusOmega375D said:
Just going back to my original post, the December 2019 issue of Classic Cars has just landed on my door mat. The front cover headlines announces the “BEST OF BRITISH... Great buys to beat the market.”
Their 3 most valuable suggestions include Sierra Cosworth, AM Vanquish and Series 1 E-Type Jaguar Roadster all of which are apparently “behind the market - now’s the time to buy”. Hmm, if you say so...
TBF, I think long term they might be. Yes, we're having a blip and a bit of a slip with values but I think next time round these are the cars to hold..I know I sound like Quentin Willson's neighbours cousin, but think about these cars in the future.Their 3 most valuable suggestions include Sierra Cosworth, AM Vanquish and Series 1 E-Type Jaguar Roadster all of which are apparently “behind the market - now’s the time to buy”. Hmm, if you say so...
Castrol for a knave said:
In my humble and ill advised opinion, we might see the expensive to maintain likes of 928, DB7 (arguably already happened), Bentley GT and similar tick up in value. My logic is that like the mid 70's E Type, all the knobheads, skint chancers , ten bob millionaires, and drug dealers have thrashed theirs, leaving only the nice, well maintained ones left.
But why would anyone want a DB7 over a DB9? 928's I can understand. They were an epic car and Porsche never replaced it.
Touring442 said:
Castrol for a knave said:
In my humble and ill advised opinion, we might see the expensive to maintain likes of 928, DB7 (arguably already happened), Bentley GT and similar tick up in value. My logic is that like the mid 70's E Type, all the knobheads, skint chancers , ten bob millionaires, and drug dealers have thrashed theirs, leaving only the nice, well maintained ones left.
But why would anyone want a DB7 over a DB9? 928's I can understand. They were an epic car and Porsche never replaced it.
I think that's the point, there may be a day where the DB7 can be viewed in isolation as a classic car and the DB9 too - well into the future. I think it's testament to the DB7 that it is so similar to the DB9.
5490 said:
I had a look at Peter Vardys Heritage site - Edinburgh, an offshoot from their franchises - which uses the 'Investment' strap line on their showroom wall if you can believe that, lots of cars that have been there last time I looked - 18 months ago, and the prices don't look that appealing. I can imagine a place like this to cease in the aftermath as it was obviously conceived originally with the accelerating values a few years ago.
I'm not sure they have ever sold a car, the prices are way out of touch. The new Listers classic shop seems to have a similar pricing philosophy.Gassing Station | Classic Cars and Yesterday's Heroes | Top of Page | What's New | My Stuff