Really???

[Embraer]

I just sold my Lancia Flaminia project. had several European buyers interested. Ultimately, it stayed in the US.

[Jim Richards]

Yeah, investment in classic cars is what's driving the market up and up. This bubble will inevitably burst, but when?

https://pcapotomac.org/index.php?option=com_content&view=article&id=429:investing-in-porschecollector-carfs&catid=15:sponsorship&Itemid=41

[dafischer]

And if it bursts, so what. I've still got 2 driver Porsches that were bought for relatively little money. Nice to have bought on the upside of the curve, though.

[speeder]

Originally Posted by targa911S

Porsche 911 | eBay

A '69 911S is not even a desirable car in my book. Or put better, it's the least desirable early 911S by a wide margin. Long wheelbase, under-powered 2.0 liter, schitty in-between styling, etc... Don't get me wrong, a perfect one would still be cool but it's the bottom of the barrel for early "S"s.

A '67 is an extremely cool car and a '70/'71 2.2 911S would be on the top of my list but a '69 is a dog. I've all but lost interest in old 911s as the values/prices have gone cukoo and the supply of great cars has dried up like a prune in the desert. My interest has switched to newer cars where the value:fun ratio is the other way around. I'd rather pay $40k for a dinged-up 997S than $100k for some complete dog's ass old 911 that smells like a whore house. The people buying them for these prices are not enthusiasts. They're douche bags.

[Jim Richards]

Yep, a 997S would put a bigger smile on my face than a longhood I'd be too afraid to drive for fear of jeapordizing my investment.

[Embraer]

+10000

[tabs]

I will tellya what is happening, is that EVERY Central Bank in the world is MASSIVILY infusing the Global economy with LIQUIDTY....that means they are PRINTINGGGGG MONEY.

The money is worthless...

With the Central Banks buying Sovereign Debt with the money they are printing, interest rates can be contained...what can not be controled is the value of the money they have printed...thus while we are seeing weak demand for consumer goods on the whole (which are depreciating assets) collectables usually hold value or appreciate.

We are also looking at a dearth of places to invest money and make a decent return because of low interest rates. The US Equity and RE markets are being completely rigged by the Federal Reserve and their bond buying pattern.


This dance will continue until the Liquidty Bubble Bursts....eg Sovereign Debt Bubble. When the Bubbles BURST the music is over, there is no coming back from this one BABY...why you ask....I have over 100,000,000,000,000 reasons why..in other words it is the SCALE OF THE BUBBLE. Think who could BACKSTOP the failure of the USD...No one or combination of entities is large enough to save the US or even save themselves from being sucked down. So it is either GOD or Space Aliens that could fix it.

[Jim Richards]

the sky is falling

[Brian in VA]

Yeah but you're right there is big interest in anything "vintage" right now. Watches, cars, jewelry, anything. Not sure why. New stuff is mostly expensive mass produced junk made to cost & attracting the widest possible audience and therefor not really pleasing anyone? Nostalgia?

[tabs]

Originally Posted by Jim Richards

the sky is falling

Ohhhh Lord why does one have to suffer fools?

James Bullard was on CNBC this morning, you should have watched. You would have learned something.