[Deschodt]

I know we've covered the price escalation of nice old porsches, but recently we kept hearing the market cooled off and things were stabilizing...

I was "watching" a pretty but slightly basketcase car on Bring a Trailer... I'm coming to the conclusion that the internet is ruining everything ;-) and BaT is a good place to sell but not buy, *Ever*...

Picture that car if you would.. cool but generally accepted as the least desirable of its kind. Potential body clip, some rust, non matching engine or tranny, wrong type of both... already redone floors... Nothing critical, mind you, nice looking driver or outlaw material....where's the meat on that bone? Unless you get matching #s the potential for upside for any money thrown at making the car better are slim. If you don't care and are building a driver that's cool too, but at that price ? What when you wanna resell 5 years later ? That car ended up selling for 50% over "good car" - cost to get that one there...

At this point, seems to me that enthusiasts that know the cost of a resto and parts are left to fend for themselves with grieving widows and barns finds... *anything* listed on the internet now reaches ***so many*** folks that statistically, given the average amount of interested newbies, Google employee with stock options, regular very rich people, or rich car-clueless people, it's practically impossible to score a "correct" price on a classic car anymore... By correct I mean: Purchase price + resto cost = general vicinity of the finished product value...

By definition these days if you win an auction, you've agreed to overpay more than hundreds of people and at least one amongst them that doesn't understand what he's getting into and has got very deep pockets... Me-think hobby kinda over...
On the flip side, I'm gonna sell a car or 2 there now !!!