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Really???
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I know. Im looking at building another early 911 for my next project and the price of re-entry on even a less desirable lower end project car with rust seems so high. It reminds me of the vintage guitar market in 2007.
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It seems the whole car market is this way. I see cars for sale for stupid money that any other time nobody would think twice about. I wouldn't go near the classic car market right now.
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Monopoly money!
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but, it is orange.
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http://forums.pelicanparts.com/uploa...1383495139.jpg |
There was another earlier this week.
About a month ago another early S car sold in Denver for $122,000 |
and to think I sold my 70 S for $38K 4 years ago...Henry it's worth a try. There's an ass for every seat.
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I'm looking, again, at mid year Porsches...just like everyone else:cool: |
I don't think it will. At least not like housing. Loans are harder to get for old cars, and a lot of it is cash money I'm sure.
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Euro to US$ exchange rate is very very favorable. I would bet that more than 50% of these cars go to Europe. There folks are also worried about their currency and old guys with money to spend want tangible assets, not cash in the bank. Real estate in urban areas in Germany is on a very similar trajectory, for the same reason.
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What's going on with "vintage" stuff? I was looking to put an custom road bicycle together I had for about 15 years. I started looking for a particular part and come to find out that they are not 400 dollars compared to 80 bucks 15-20 years ago. Same with old stoves from the 50s. I found a refurb. one for 7800 bucks. What the hell's going on.
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I would love to have that car back. I have paid more for a gun. |
Nutty as hell. Though probably inevitable, Camaros selling for more than 911s always seemed a little odd.
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I may have underestimated but my point remains the same...6's have been high from the beginning of time.
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http://forums.pelicanparts.com/uploa...1383507361.jpg The crazy thing is, I just sold a 70T for $42K and now that looks cheap. http://forums.pelicanparts.com/uploa...1383507196.jpg |
They keep talking about this in Octane and Classic & Sports Car - the rich (esp in Europe) have nowhere to stick their money so they're snatching up old cars as an investment.
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