I don't get it - you're stinking rich so why sell?

[P50]

The initial message was deleted from this topic on 19 November 2011 at 17:24

[benjj]

The rich get rich and stay rich by taking profits when they can.

I've no idea about Eric's personal finances but if he bought it for half what he will sell it for (plus had enjoyment of owning/driving it) then he is no fool for cashing in when there are uncertain times ahead.

Also, you know that when the entire classics market is saying we should move our moolah to the safe-haven of classic cars that really means they're desperate for business.

[kev b]

The advert says "Ex Eric Clapton", I thought he sold this car years ago as I dimly remember a magazine test featuring it at the time it was put up for sale.Establish the current owner and the reason for sale might become clearer.

[Chunkychucky]

For me the best cars Talacrest have had have been been either some of the P3/4 Ferraris, or this.

http://www.talacrest.com/Ferraris-Sold/1963-Ferrar...

Not sure how much it would have sold for, but once you factor in that comapred to the 30-odd 250 GTOs made, and there were only 3 330LMBs, and that a 330LMB is ultimately quicker around a longer track, then it suggests to me possibly around £5 million - alot of equity to have tied up indeed.

As for OP's point, a rising tide lifts all ships, and the classic car market has seen a good, constant rise in values over the past 3 or so years, so maybe Eric feels it's time for the bubble to burst?

[AndrewW-G]

1: Clapton sold it some time ago

2: He swaps his cars frequently, always has done

[AndrewW-G]

P50 said:

Talking of Talacrest this thing is pretty contrived. It's up for $20M

Ferrari won't accept it as a P4! What a bummer. Shame they never left 0858 as a P4 and built a ground up Can Am racer too. But no they cut about the P4!! hehe you couldn't make it up.

Yet it is still unequivocally Ferrari Chassis 0858 and its transition to a Can Am car by the factory is simply part of its history, I'm all for restoring the cars properly but erasing history to simply increase a cars value is something that I personally couldn’t countenance.

It’s interesting to note that whilst Classiche refuse to acknowledge the history of some cars, they are happy to renumber existing engines and other components on the request of clients . . . . . . . .

[cptsideways]

I've met many people who own such cars, its like a rotating collection, many of them like to make use of them in one way or another, having too many they see the benfits in swapping to something else after a few years. The money aspect is a relatively small though considered part of the process for many of them.

I've met a few of such owners who could'nt recall all of the cars in their current collection!

[na]

what!!??!! - hero-worship gone mad here

Eric Clapton is no better than just about anyone else on Earth

this 250 which I assume you must have driven to know that it'll be a pleasure until your last breath is in the end a car not the cure for cancer

I know this is a petrolhead site but you need to come off your high just a little

no wonder the kids go for all this celebrity rubbish with this type hero-worship spouted

calm down dear

[AndrewW-G]

P50 said:

I detest celebrity.

Modern mindless talentless imbeciles.

How can a Skoda enthusiast comment on a member of Cream and the 250 SWB Ferrari?

Hilarious

Maybe he's listened to the Albert hall Cream reunion

[4rephill]

Perhaps he decided that it was a waste of a fabulous car as he never got to drive it.
Perhaps he didn't enjoy driving it.
Perhaps he just got bored with it.
Perhaps it had to go to make space for something even more exclusive.


(Perhaps he's gone broke!!!!! )


At the end of the day, why should he not sell it just because he's rich?

[hidetheelephants]

P50 said:

If the market tanks then yes it could fall like a stack of cards. The housing market has stalled because ordinary divs thought they could play big.

Hi end classics in my opinion are now bombproof. You aint getting a Lowline Invictor S type for less than 800k any more.

However hyped machines like a 911 3.2 CS are punching above their weight at late 50's.

You seem to be contradicting yourself; I'd agree that classics are experiencing a price bubble at the moment, but I can't agree that high end cars are any better as an investment now than in 1988. I believe that there will be as many burnt fingers now as then, prices are silly just as with property, if not more so. DB Astons seem to be a good example; can the Bond effect really make a DB6 or a DBS an investment? DB5s are just silly money.

[na]

P50 said:

How can a Skoda enthusiast comment on a member of Cream and the 250 SWB Ferrari?

I’m an enthusiast of nothing and no one really, I can certainly comment on Cream as for the 250 car I suspect like yourself, I've never sat in one let alone driven one - I was commenting on your over the top admiration and now it appear you don't understand the celebrity of Clapton or the 250 car

P50 said:

like many things from the 60's they didn't get better.

uhmmm, I think you’ll find Clapton was about in the ‘60s trying to emulate the great guitarists that he recognised from then and earlier times

your comments and attitude towards this 250 car and Clapton have all the emotional maturity and hysteria of an eleven year old Justin Beiber fan

[LordBretSinclair]

Perry, this is a good natured forum for the exchange of views and useful information. I suggest you and your snide remarks go somewhere else.

[lowdrag]

AndrewW-G said:

Maybe he's listened to the Albert hall Cream reunion

Didn't know about that if it happened, but I was there the first time! Ginger Baker's drum solo lasted about 30 mins and I don't think he knew he was there!!!

[na]

awl, Tim, you've spoilt it, I was having fun and wanted to see if he would come up with any Skoda jokes I'd not heard or refreesh my memory to some of the better ones

he'd no need to run off he's entitled to his beliefs

if it wasn't for the mention of Cream I did wonder if he might be a younster, now I'll never know

I hope I've not shattered young illusions

I also wondered if he supported ManU, they still play in Fezza colours (?)

[AndrewW-G]

lowdrag said:

AndrewW-G said:

Maybe he's listened to the Albert hall Cream reunion

Didn't know about that if it happened, but I was there the first time! Ginger Baker's drum solo lasted about 30 mins and I don't think he knew he was there!!!

Wow, if there was a "I'm not worthy" smillie, I'd be posting it

Being a relative whipper snapper, I'd hoped that the 2005 reunion would be a replay of the original 60's Cream at the Albert Hall . . . . . . Unfortunately it didn’t come close, with a rather clean and bright sound when compared to the almost proto heavy metal sound of the 60’s

[RichB]

lowdrag said:

AndrewW-G said:

Maybe he's listened to the Albert hall Cream reunion

Didn't know about that if it happened, but I was there the first time! Ginger Baker's drum solo lasted about 30 mins and I don't think he knew he was there!!!

Me too Tony! My older brother got tickets for the matinée performance. Reports in Melody Maker suggested they held themselves back slightly for the later performance but in hindsight I was just swept along by the occasion so who knows if I'd have enjoyed the following show more?

I think I fell out with my mum for weeks over that - I was in the middle of my O'Levels and she reckoned I should have staying in to revise - bks to that Fortunately I had a great older brother who took me along everywhere.

Edited by RichB on Saturday 19th November 17:55

[Streetrod]

AndrewW-G said:

1: Clapton sold it some time ago

2: He swaps his cars frequently, always has done

Its funny, he rotates his classics but he never seems to sell his Hotrods, maybe those are his true loves...

[snuffle]

Been reading this with interest on my phone today.

Get home, and all the OPs posts have gone

[AndrewW-G]

Streetrod said:

Its funny, he rotates his classics but he never seems to sell his Hotrods, maybe those are his true loves...

Here's one he rotated earlier