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My impression of Bruce is that he's always late to the party -- under-reporting prices by a year or so through the run-up. So my opinion is that what you read now is a year old. Prices could be up or down.
I suspect they are up. I saw 911Ss cross $125K four years ago. Private sales. The public market lags. But the premium cars -- like the RS that recently brought over $400K -- have to be of exceptional provenance. And the top of the market doesn't tolerate 95% restorations. It pays more for patina-ed originals.
While the middle of the market will likely sag in absolute value (tracking the crashing dollar) I suspect the top of the market will continue to rise. In this particular market slowdown, the top 1% seem to be into value and not buying the most expensive, ostentatious cars, according to the analysts. Vintage 911s may be a good place to park money, for some.
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techweenie | techweenie.com
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