|
I think there's no doubt that the market has at least slowed down, and for a lot of cars leveled out or declined.
I'd put most Porsches in that category. Esp. stuff like 78-89 Carreras, but even "regular" longhoods (average condition Ts and Es, etc.)
78-89 I'm most familiar with. There's been some sales this year that would have been higher last year. Like the 86 Carrera coupe that went for $26K on BaT last week.
And you see a lot of cars sitting now. People have tried to push the market for these past the $50K barrier, but it just didn't happen. You see those trying to get in the high 40s sitting on the cars forever now.
This is after several years of consistently increasing prices.
Even more blue chips things, like 50s speedsters, have had some lower sales this year.
For longhoods, they were obviously on fire for many years, with sellers constantly increasing prices and buyers paying, pushing the market higher. But now the market push has slowed down. A good example is the one owner green T coupe in the classifieds. The seller priced it ahead of the market at $99K, anticipating increasing prices, but it hasn't happened. So now the price keeps getting lowered, and even with that, no bites.
Anyone who has been around this for 30 years knows that there's no question prices for "normal" collector cars will drop, and significantly. It's not a matter of "if," only of "when."
("Normal" being relatively regular production cars like 911s, BMWs, etc., not Ferrari GTOs, etc.)
|