Really???

targa911S · 11-03-2013, 03:56 AM

Shuie · 11-03-2013, 04:17 AM

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.

targa911S · 11-03-2013, 04:41 AM

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.

Chocaholic · 11-03-2013, 05:28 AM

Monopoly money!

onlycafe · 11-03-2013, 07:10 AM

but, it is orange.

Henry Schmidt · Henry Schmidt's Garage

Quote:

Originally Posted by targa911S

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.

The market is so crazy that I'm thinking about selling my Apollo 5000GT. The market can't continue at this rate for long. Who knows??? maybe 100 miiiiiiiiillion dollars??? lol

GWN7 · 07:19 AM

There was another earlier this week.

Porsche 911 1973 Porsche 911E Targa | eBay

About a month ago another early S car sold in Denver for $122,000

targa911S · 11-03-2013, 07:36 AM

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.

KNS · 11-03-2013, 08:55 AM

Quote:

Originally Posted by targa911S

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.

The higher and crazier prices get the more I wonder if this is really just a bubble that's going to pop. I didn't start thinking that until recently with the way things are going.

Seahawk · 11-03-2013, 09:18 AM

Quote:

Originally Posted by targa911S

and to think I sold my 70 S for $38K 4 years ago...

I'm sure I'm going to feel the same way about selling my 356.

I'm looking, again, at mid year Porsches...just like everyone else

targa911S · 11-03-2013, 09:18 AM

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.

targa911S · 11-03-2013, 09:19 AM

Quote:

Originally Posted by Seahawk

I'm sure I'm going to feel the same way about selling my 356.

I'm looking, again, at mid year Porsches...just like everyone else

See...there ya go.....feeding the fire....hell I'm just gonna buy a 944. At this rate they will be worth something in the end. Look at 914's. They were the black sheep of the family for years. Now a nice one is $6K and up.

aigel · aigel's Garage

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.

G

look 171 · 11-03-2013, 09:31 AM

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.

Seahawk · 11-03-2013, 09:33 AM

Quote:

Originally Posted by targa911S

See...there ya go.....feeding the fire....hell I'm just gonna buy a 944. At this rate they will be worth something in the end. Look at 914's. They were the black sheep of the family for years. Now a nice one is $6K and up.

The reason I joined this BBS was a dry, non running 75 S that I bought for $1000 in 2004. Sold a year later for $2000.

I would love to have that car back. I have paid more for a gun.

onewhippedpuppy · 11-03-2013, 09:35 AM

Nutty as hell. Though probably inevitable, Camaros selling for more than 911s always seemed a little odd.

GWN7 · 11-03-2013, 09:36 AM

Quote:

Originally Posted by targa911S

See...there ya go.....feeding the fire....hell I'm just gonna buy a 944. At this rate they will be worth something in the end. Look at 914's. They were the black sheep of the family for years. Now a nice one is $6K and up.

You haven't been looking at the 914 market very close.

$6K gets you one with some issues. More like $12K for a nice one. With 6's going for over $30K

targa911S · 11-03-2013, 10:18 AM

I may have underestimated but my point remains the same...6's have been high from the beginning of time.

Henry Schmidt · Henry Schmidt's Garage

Quote:

Originally Posted by GWN7

You haven't been looking at the 914 market very close.

$6K gets you one with some issues. More like $12K for a nice one. With 6's going for over $30K

Really nice sixes are selling for over $80K. Thinking about selling mine as well.

The crazy thing is, I just sold a 70T for $42K and now that looks cheap.

Brian in VA · 11-03-2013, 01:37 PM

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.