964RS Prices where are they heading?
Discussion
Having predicted a growth in value for the last 7 years we now seem to have leaped from the gentle 5% appreciation to a massive 20% in the last six months! Well can't be too scientific, but based on very recent sales of good LHD Lightweights hitting nearly £50K (always thought they would be here, but so soon)where is it heading. It seems the knowledgeable Europeans are leading the market. We are in new territory and have surpassed my expectations and predictions. Demand is far out stripping supply, I have at least 5 cash buyer enquiries prepared to pay top money for good cars. Where are the cars? I do think even at these new levels, if you get a keeper, it is still going North....
carreraboy said:
Having predicted a growth in value for the last 7 years we now seem to have leaped from the gentle 5% appreciation to a massive 20% in the last six months! Well can't be too scientific, but based on very recent sales of good LHD Lightweights hitting nearly £50K (always thought they would be here, but so soon)where is it heading. It seems the knowledgeable Europeans are leading the market. We are in new territory and have surpassed my expectations and predictions. Demand is far out stripping supply, I have at least 5 cash buyer enquiries prepared to pay top money for good cars. Where are the cars? I do think even at these new levels, if you get a keeper, it is still going North....
If only you had half a clue on the direction of cable, oh guru 
Hi Des
now, if we could only just convince a few more people that the standard 964 is not really that far away from the RS (certainly much closer than a standard 996 is to a GT3), then we could get prices of the (currently very good value) 964 C2 going north too!
Seriously though, the standard 964 C2 is, aside from a seam welded shell, very much the same car.
:-)
now, if we could only just convince a few more people that the standard 964 is not really that far away from the RS (certainly much closer than a standard 996 is to a GT3), then we could get prices of the (currently very good value) 964 C2 going north too!
Seriously though, the standard 964 C2 is, aside from a seam welded shell, very much the same car.
:-)
The price rises are not unique to the 964RS. Lots of 'specialist' and 'classic' cars have escalated in value. In fact it's not just cars. Selected asset values have soared in many sectors - especially fine art.
A strong global economy, low interest rates, job security, rising equity and property values, etc, all contribute to the 'feel good' factor and people like to treat themselves.
The market is a lot more educated and selective than it was in 1989/90, but values of many cars do seem to be getting a bit too peaky and the wise retailers are not tying their own money up in highly inflated stock.
Personally, I think there will be a price correction in the not too distant future and values will fall. How much depends on the extent to which global economic growth slows down. There is a new emerging wealth in China, India and Russia that may sustain the values of the true 'blue chip' collectables.
But specialist, recreational cars such as the 964RS, and many others, would see prices fall as the market hibernates. This is generally a good thing because it puts real values back into perspective and gives the genuine enthusiasts a chance to get back into the market at an affordable level.
A strong global economy, low interest rates, job security, rising equity and property values, etc, all contribute to the 'feel good' factor and people like to treat themselves.
The market is a lot more educated and selective than it was in 1989/90, but values of many cars do seem to be getting a bit too peaky and the wise retailers are not tying their own money up in highly inflated stock.
Personally, I think there will be a price correction in the not too distant future and values will fall. How much depends on the extent to which global economic growth slows down. There is a new emerging wealth in China, India and Russia that may sustain the values of the true 'blue chip' collectables.
But specialist, recreational cars such as the 964RS, and many others, would see prices fall as the market hibernates. This is generally a good thing because it puts real values back into perspective and gives the genuine enthusiasts a chance to get back into the market at an affordable level.
Geneve said:
But specialist, recreational cars such as the 964RS, and many others, would see prices fall as the market hibernates. This is generally a good thing because it puts real values back into perspective and gives the genuine enthusiasts a chance to get back into the market at an affordable level.
I'd agree if you were talking about '73-'90 cars but I think many of the 964rs/993rs/gt2 ARE in the hands of "genuine enthusiasts", one only need to go to a decent trackday to see them getting used as intended. i'd agree levels are a bit crazy but after a decent run out in a 964rs on a favourite road i challenge anyone to say its not worth double a new mondeo.Edited by fbrs on Wednesday 11th July 08:32
Geneve is correct - I've been watching the prices of a lot of exotics, or more precisely the sub strata beneath that - that last to rise...the first to fall...they are the best indicator of a "bubble".
It was great to see a well driven (and fast) Maritime RS at Snett the other week - my first thoughts....that's an expensive car to be tracking....and there's the rub - it's the speculators that are pushing the prices of these cars up to a level where the owners really will have to think twice about tracking them.
I remember a conversaton I had with the late Bill Taylor about his car - an ex James Hunt RS, signed on the glovebox lid by the great man himself. Bill reluctantly agreed (this was in the late '80s early '90s IIRC) that he'd have to stop competing in the car, given the rise in its value. Thankfully he still continued to campaign the car and I have seen it out in the hands of his sons from time to time.
So where will 964RSs go? Up I guess...to a level where the "investor" believes they are comparable with their peers...or more likely where the "projected return" curve peaks.
It was great to see a well driven (and fast) Maritime RS at Snett the other week - my first thoughts....that's an expensive car to be tracking....and there's the rub - it's the speculators that are pushing the prices of these cars up to a level where the owners really will have to think twice about tracking them.
I remember a conversaton I had with the late Bill Taylor about his car - an ex James Hunt RS, signed on the glovebox lid by the great man himself. Bill reluctantly agreed (this was in the late '80s early '90s IIRC) that he'd have to stop competing in the car, given the rise in its value. Thankfully he still continued to campaign the car and I have seen it out in the hands of his sons from time to time.
So where will 964RSs go? Up I guess...to a level where the "investor" believes they are comparable with their peers...or more likely where the "projected return" curve peaks.
Geneve said:
The price rises are not unique to the 964RS. Lots of 'specialist' and 'classic' cars have escalated in value. In fact it's not just cars. Selected asset values have soared in many sectors - especially fine art.
A strong global economy, low interest rates, job security, rising equity and property values, etc, all contribute to the 'feel good' factor and people like to treat themselves.
The market is a lot more educated and selective than it was in 1989/90, but values of many cars do seem to be getting a bit too peaky and the wise retailers are not tying their own money up in highly inflated stock.
Personally, I think there will be a price correction in the not too distant future and values will fall. How much depends on the extent to which global economic growth slows down. There is a new emerging wealth in China, India and Russia that may sustain the values of the true 'blue chip' collectables.
But specialist, recreational cars such as the 964RS, and many others, would see prices fall as the market hibernates. This is generally a good thing because it puts real values back into perspective and gives the genuine enthusiasts a chance to get back into the market at an affordable level.
I have heard the 993 RS and GT3 MK1 will be next to rise in vaule ??A strong global economy, low interest rates, job security, rising equity and property values, etc, all contribute to the 'feel good' factor and people like to treat themselves.
The market is a lot more educated and selective than it was in 1989/90, but values of many cars do seem to be getting a bit too peaky and the wise retailers are not tying their own money up in highly inflated stock.
Personally, I think there will be a price correction in the not too distant future and values will fall. How much depends on the extent to which global economic growth slows down. There is a new emerging wealth in China, India and Russia that may sustain the values of the true 'blue chip' collectables.
But specialist, recreational cars such as the 964RS, and many others, would see prices fall as the market hibernates. This is generally a good thing because it puts real values back into perspective and gives the genuine enthusiasts a chance to get back into the market at an affordable level.
Something else to consider about rising values is that the 964RS has been steadily rising since its trough in 1997-1998, when immaculate, low mileage lightweights were fetching 20-25K pounds! This slow growth coincided with the growth of trackdays. In my view, as long as trackdays remain affordable and not too legislated (I fear that this will change) there will always be a strong demand for the 964RS as a choice track car. This demand should dampen oscillations, should the "collectible" bubble collapse... I, for sure, would be buying at least two cars if they were back to their 25K value!
fbrs said:
carreraboy said:
Yes but the RS is tangeible and not a betting slip.......however would be short GBP/USD 2.0300.....
how much you want to do there ? 
Carreraboy is way smarter than that, but you gotta love it, when every man in the street is keen to buy $ on each downtick, the first time it trades, you know they are missing the "grand Rembrant"
TIGA84 said:
Can everyone stop talking 50k for a LHD 64RS please.
I'm still smarting for turning one down at 21k about 5 years ago. Zermatt Silver
WORST. DECISION. EVER.
i nearly bought that car, only one I know in Zermatt and with a nice Heigo cage, nice guy frome Essex....he could not sell it for love or money..I'm still smarting for turning one down at 21k about 5 years ago. Zermatt Silver
WORST. DECISION. EVER.
Anyway back to thread....increasingly more calls from 993RS Boys looking to sell and buy 964RS N-GT, prices are like for like at the moment, and even more GT3 Boys looking to get out of their Routemeisters and into some Leichtbau while they can...Big Problem is valueing a decent LHD Lightweight, the two recent sales @ nearly £50K, have they set the market or is this just a spike/rogue quote?
Gassing Station | Porsche General | Top of Page | What's New | My Stuff