I see a bubble!
Discussion
Ferrari 308's at £50k ... 190SL's over 50k, bmw z8 150k with 10,000 miles...
who exactly is there to buy these?! thats a long hold to make money on any of these cars at those prices... Testarossa is a given that it was due a bounce as it was too much car for the price 3 yrs ago... just wish i had followed my heart and bought one.
Am i out of touch with reality or do you think these prices are hear to stay?
for sure some models will stay high... I.e. Fez and Lambo, classic astons, but come on, how many people would lust after a z8 for more money than a 512m... seriously?!
rant over back to work
who exactly is there to buy these?! thats a long hold to make money on any of these cars at those prices... Testarossa is a given that it was due a bounce as it was too much car for the price 3 yrs ago... just wish i had followed my heart and bought one.
Am i out of touch with reality or do you think these prices are hear to stay?
for sure some models will stay high... I.e. Fez and Lambo, classic astons, but come on, how many people would lust after a z8 for more money than a 512m... seriously?!
rant over back to work
medieval said:
Yes - hugely disappointed to have missed out on the Testarossas as a friend and I had certainly earmarked these as a grower when they were trading only a few years ago at say £35k
Yet another one to itemise on the ones that got away list.............tut
from the sound of your post its a long list , Yet another one to itemise on the ones that got away list.............tut
Mermaid said:
erics said:
'over time', right...
Now some cars are going up 50-100% a year. It will end up in tears.
& yet it is not time to short an index, if one was available.Now some cars are going up 50-100% a year. It will end up in tears.
Markets remain irrational for longer than people think they should
Would be interesting to see how many of those paying silly prices are actually driving their cars versus storing them as 'investments'.
As we know the market is being fuelled to some degree by the low interest rates so you have no return on your money, confidence is still lost I feel in stocks and shares, most seem to be into gold, art, and some classic cars.
To what degree these kind of people can afford a loss is probably unknown.
As has been said when will prices stop rising that's the trick, who now would pay what 5-600k a piece for an F40 / F50 ?
I always wanted an F40 but would I today pay 500k for one, I'm guessing only if I could afford to drop a couple of hundred without it affecting my future plans.
You do have to wonder if it does all go pear shaped who will have paid the highs, but I would suggest it will be those to which it won't really matter much.
To what degree these kind of people can afford a loss is probably unknown.
As has been said when will prices stop rising that's the trick, who now would pay what 5-600k a piece for an F40 / F50 ?
I always wanted an F40 but would I today pay 500k for one, I'm guessing only if I could afford to drop a couple of hundred without it affecting my future plans.
You do have to wonder if it does all go pear shaped who will have paid the highs, but I would suggest it will be those to which it won't really matter much.
Think about it. Even 308/328 production at 20/25/30 thousand is incredibly small versus the global pool of people looking for a store of wealth. As governments look for more and more ways of extracting tax, tax free scarce items will go up dramatically over the next 20/30 years, especially given the fact that we are at the end of the petrol era. This bubble has a very long way to run in my opinion.
Top growth wines were selling at £1000 a bottle when thousands of bottles continue to be produced each year ad infinitum. Admitedly, more gets drunk than cars get crushed!
Top growth wines were selling at £1000 a bottle when thousands of bottles continue to be produced each year ad infinitum. Admitedly, more gets drunk than cars get crushed!
The whole classic car market has really gone mad in the last four or five years. Mine has doubled in value in that time. We have been here in the past so I dare say it won't last for ever.
But there is quite a clamour for older cars at the moment. As the modern cars get faster and faster and less involving at legal speeds enthusiasts are turning to older cars for fun. This is especially the case where they are weekend toys.
But there is quite a clamour for older cars at the moment. As the modern cars get faster and faster and less involving at legal speeds enthusiasts are turning to older cars for fun. This is especially the case where they are weekend toys.
Ferrari brand has stood the test of time and for sure 1960s cars were small in number so I understand that, 80s are starting to have their day and at something in 15 yrs 1990 cars will have their fame but you are all right the market is irrational, generally people like investing in things which have a graph or income improbable growth which classic cars simply do not
Mercedes has an index and it covers things like 500k , gullwing etc and again limited numbers and going back to a time where they were really time changing cars but can we really say that about the dozens of special models now produced
Come on as nice as a 308 is it's not worth 10% less than a testarossa even if they did make plenty of the tr.
Having been to a lot of the car meets in the south in the last 12 months I have seen very few new classic cars appear so I reckon they are all being stored
Someone did tell me that apparently in Singapore there is a big warehouse with about 30 gullwing s in it owned by Chinese that are simply not allowed to drive them in China at the moment...
The market wants to invest in tangible things at the moment but this will shift when rates go up etc although I agree there is more wealth now etc
My entry point will be in the next low!
Mercedes has an index and it covers things like 500k , gullwing etc and again limited numbers and going back to a time where they were really time changing cars but can we really say that about the dozens of special models now produced
Come on as nice as a 308 is it's not worth 10% less than a testarossa even if they did make plenty of the tr.
Having been to a lot of the car meets in the south in the last 12 months I have seen very few new classic cars appear so I reckon they are all being stored
Someone did tell me that apparently in Singapore there is a big warehouse with about 30 gullwing s in it owned by Chinese that are simply not allowed to drive them in China at the moment...
The market wants to invest in tangible things at the moment but this will shift when rates go up etc although I agree there is more wealth now etc
My entry point will be in the next low!
There is a UK car bubble. Ferraris, Lambos etc. jumping 10%+ a month in some cases is not rational. The UK bubble prolly has 1 to 2 years left to run before the US Dow has an inevitable down-cycle, the US Fed sticks up interest rates, and the China debt avalanche slows down. The fun part is going be deciding when to sell up and cash in 
ThreesixtyM said:
I think certain cars won't fall. For example F40s back down to 250k puts them in the same ballpark as the new 458, it'll never happen. The rise of certain models is underpinned by the high cost of the new cars.
You can't compare an F40 (or any high value classic with a new model. Most buyers who want to spend 200k on a Ferrari would buy a 458 over an old supercar. A closer comparison would be with the model it replaced, and although both 360 and 430 values have firmed, they haven't gone the way of the older cars. It's going crazy and will only end in tears..Cerbieherts said:
You can't compare an F40 (or any high value classic with a new model. Most buyers who want to spend 200k on a Ferrari would buy a 458 over an old supercar...
Given relative build numbers they can be compared. It doesn't require many eager buyers to keep prices beyond those of the new cars. We're not remotely close to the late 80s bubble; newly registered fetching twice list price, F40s at £1m, etc. Gassing Station | Supercar General | Top of Page | What's New | My Stuff