Quote:
Originally Posted by McLovin
Show me any painting where people are paying millions, AND 150,000+ of the painting was made, and I'll agree with that analogy.
There's a lot of air cooled 911s made. I don't know the numbers off hand, but it must be 150K, 200K or more (I think the SC alone was close to 60,000).
The prices at the top right now are not being driven by enthusiast, but by speculators.
Once they flee the scene (and they always eventually do), prices will decline, esp. for the larger production models.
Demand is never going to be as high as it is now (the demographic for the 911 is 45-55 years old right now, prime buying years), in the next 5 years and ahead demand will do nothing but shrink.
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I believe my analogy still holds. A lot of art sells for less but is still relatively expensive for something that is not a need but a want.
I do agree with speculators driving market but I doubt that the 911 market will drop much in the next 5 years short of a bad economic turn.
But that is what is fun about predicting! Hope to revisit this thread and see...