Quote:
Originally Posted by McLovin
Most don't remember that.
But, because "we'll never see prices this low again" and "they're not making them anymore" people were paying close to $200,000 for garden variety 308s in the late 80s.
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Yes they were. And they were buying burned-out chassis for close to what they are going for now. People were convinced that everything that was built before Enzo's death was a sure thing.
We'll see those prices low again. No one cares that they aren't making them anymore - except for a few of us. Even if they were, and if you took into account the inflation rate, not many would buy them anyway.
I believe they are going down. It's just a matter of when.
You can see prices coming down today. No one really knows what a project is worth anymore because they aren't selling. I remember talking to some guy in California in 2013 and he was convinced that $35K was the number that got you into a rusted-tub project car and it wasn't going down - ever.
Whether people want to admit it or not, as I said people like the idea of a an aircooled Porsche. Many cannot stomach long-term ownership. Or the commitment.
We'll see. Americans and Euros like old 911s. The Chinese don't even know what the hell an aircooled 911 is. I've been over there more than a dozen times and as I've said it's a cultural thing that they don't like old cars. It may change, but they did not grow up with a 911 or a Lambo or a TR hanging on their wall.
We'll see.