80's Super Car Boom
Discussion
I know there are a few folk on here who deal with exotica, was anyone active during the 'boom' ?
I was only an ankle biter at the time, but I do remember stories of cars such as the Testarossa going for daft amounts over list.
Did anyone make a mint, or get their fingers burnt towards the end ? (I think the XJ220 was an example of a car coming out too late)
Even better would be a link to a dealers price list of the time !
I was only an ankle biter at the time, but I do remember stories of cars such as the Testarossa going for daft amounts over list.
Did anyone make a mint, or get their fingers burnt towards the end ? (I think the XJ220 was an example of a car coming out too late)
Even better would be a link to a dealers price list of the time !
Try this link - it has Ferrari prices circa 1989/1990
http://ferrarichat.com/forum/showthre
http://ferrarichat.com/forum/showthre
The Testarossa was the ultimate possession for the Bond Traders in striped shirts and braces. There is so much more choice & knowledge out there, plus the sheer volume of cars manufactured that I think that the same situation would never occur again.
Damn shame - I may be tempted to part with my 308 for £60k
Damn shame - I may be tempted to part with my 308 for £60k
there are a couple of brothers that I know (not very well) that made a fortune out of the boom by offering a gauranteed buy back figure on the cars that they sold. When things went pear shaped lets just say they were not very honourable gentleman and a lot of punters got their fingers burnt.
elms said:
Is Jade Goody still ghostwriting for you?
I was 20 in '89 and an avid reader of car mags and was running cheap british classics Moggies, Triumph Heralds, even a GT6 as an antidote to the depressing alternative of Fiestas and Novas etc.
Klas Zwaart (he of Ascari fame) used to live not to far away from me and I remember ogglinig his Daytona when he pakred it on the high street one day (again circa 1989) when it was presumably worth at least £250K on paper. I think I said something crass to him like "Nice car mister, what's it worth?" and he said "About double what I paid for it two years ago!"
I'm pretty sure that people were advertising 328GTS' for >£200K in those days but very few will have changed hands at those levels but it would have certainly made you feel good if you had recently bought one for £150K!
I think some traders now freely admit that they talked up the market to a ridiculous extent. There was a feeling that we might never see the like of these cars again as legislation would kill them off and it was now or never. There was also the prospect of tax-free capital gains which meant 'investing' in cars was more attactive than than other financial investments.
Back in those days, there was a small Ferrari dealer in Forfar, NE Scotland, and the guy who ran it (Colin Briggs? was lucky to get hold of 288 GTO. If I remember correctly the list price of these was only £73K and they have rarely dropped much below £200K since.
Klas Zwaart (he of Ascari fame) used to live not to far away from me and I remember ogglinig his Daytona when he pakred it on the high street one day (again circa 1989) when it was presumably worth at least £250K on paper. I think I said something crass to him like "Nice car mister, what's it worth?" and he said "About double what I paid for it two years ago!"
I'm pretty sure that people were advertising 328GTS' for >£200K in those days but very few will have changed hands at those levels but it would have certainly made you feel good if you had recently bought one for £150K!
I think some traders now freely admit that they talked up the market to a ridiculous extent. There was a feeling that we might never see the like of these cars again as legislation would kill them off and it was now or never. There was also the prospect of tax-free capital gains which meant 'investing' in cars was more attactive than than other financial investments.
Back in those days, there was a small Ferrari dealer in Forfar, NE Scotland, and the guy who ran it (Colin Briggs? was lucky to get hold of 288 GTO. If I remember correctly the list price of these was only £73K and they have rarely dropped much below £200K since.
Jonny5 said:
elms said:
Is Jade Goody still ghostwriting for you?
LOL - No i got rid of her and now use the guy from Big Brother with Tourette's
Was talking to nick cartwright a while back about the 80's boom. He was telling me that he holds a record for selling a 328 for the most money at something like...£175000 i recall.It was shipped out to a collector and sold back to nick a few months late for less after the stock market crash. Nick now has the car in his own collection i believe.
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