Thread: Sold the 930
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Cobalt Cobalt is offline
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Join Date: May 2004
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If you guys don't think the market is going to settle out you may be surprised. This same thing happened in the 80's and prices spiked and then dropped. I purchased a beautiful 79 911SC in 83 for $15k and I drove it for 79k miles sold it for $21K in 86 and they then proceeded to drop like lead balloons. Everyone thought the market would continue to increase and many took a huge bath.

Just like the muscle car craze of a few years back the right cars will continue to increase or level off but there are many cars that people have overpaid for that will drop or will require significant investment to maintain their purchase price.

The generation that are buying these cars are raising children that have no interest in them and there are a lot of these cars out there. Unlike the vintage Ferrari's which are essentially one of a kind works of hand built art there are so few that the ultra wealthy can spend 10's of millions on. The market will narrow for all the air cooled cars and only the crem dela crem will be worth buying in the end.

I wouldn't take all this too seriously these cars are finally being recognized but it would appear the average buyer has little clue to what he is investing in and eventually people will wise up. Buy it and enjoy it but don't think of it as an investment.

Just my .02 worth
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Old 11-07-2014, 04:54 AM
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