Really???
 

I know. Im looking at building another early 911 for my next project and the price of re-entry on even a less desirable lower end project car with rust seems so high. It reminds me of the vintage guitar market in 2007.

It seems the whole car market is this way. I see cars for sale for stupid money that any other time nobody would think twice about. I wouldn't go near the classic car market right now.

Monopoly money!

but, it is orange.

The market is so crazy that I'm thinking about selling my Apollo 5000GT. The market can't continue at this rate for long. Who knows??? maybe 100 miiiiiiiiillion dollars??? lol


http://forums.pelicanparts.com/uploa...1383495139.jpg

There was another earlier this week. Porsche 911 1973 Porsche 911E Targa | eBay


About a month ago another early S car sold in Denver for $122,000

and to think I sold my 70 S for $38K 4 years ago...Henry it's worth a try. There's an ass for every seat.

The higher and crazier prices get the more I wonder if this is really just a bubble that's going to pop. I didn't start thinking that until recently with the way things are going.

I'm sure I'm going to feel the same way about selling my 356.

I'm looking, again, at mid year Porsches...just like everyone else:cool:

I don't think it will. At least not like housing. Loans are harder to get for old cars, and a lot of it is cash money I'm sure.

See...there ya go.....feeding the fire....hell I'm just gonna buy a 944. At this rate they will be worth something in the end. Look at 914's. They were the black sheep of the family for years. Now a nice one is $6K and up.

Euro to US$ exchange rate is very very favorable. I would bet that more than 50% of these cars go to Europe. There folks are also worried about their currency and old guys with money to spend want tangible assets, not cash in the bank. Real estate in urban areas in Germany is on a very similar trajectory, for the same reason.

G

What's going on with "vintage" stuff? I was looking to put an custom road bicycle together I had for about 15 years. I started looking for a particular part and come to find out that they are not 400 dollars compared to 80 bucks 15-20 years ago. Same with old stoves from the 50s. I found a refurb. one for 7800 bucks. What the hell's going on.

The reason I joined this BBS was a dry, non running 75 S that I bought for $1000 in 2004. Sold a year later for $2000.

I would love to have that car back. I have paid more for a gun.

Nutty as hell. Though probably inevitable, Camaros selling for more than 911s always seemed a little odd.

You haven't been looking at the 914 market very close. :) $6K gets you one with some issues. More like $12K for a nice one. With 6's going for over $30K

I may have underestimated but my point remains the same...6's have been high from the beginning of time.

Really nice sixes are selling for over $80K. Thinking about selling mine as well.
http://forums.pelicanparts.com/uploa...1383507361.jpg

The crazy thing is, I just sold a 70T for $42K and now that looks cheap.
http://forums.pelicanparts.com/uploa...1383507196.jpg

They keep talking about this in Octane and Classic & Sports Car - the rich (esp in Europe) have nowhere to stick their money so they're snatching up old cars as an investment.

I just sold my Lancia Flaminia project. had several European buyers interested. Ultimately, it stayed in the US.

Yeah, investment in classic cars is what's driving the market up and up. This bubble will inevitably burst, but when?

https://pcapotomac.org/index.php?option=com_content&view=article&id=429:i nvesting-in-porschecollector-carfs&catid=15:sponsorship&Itemid=41

And if it bursts, so what. I've still got 2 driver Porsches that were bought for relatively little money. Nice to have bought on the upside of the curve, though.

A '69 911S is not even a desirable car in my book. Or put better, it's the least desirable early 911S by a wide margin. Long wheelbase, under-powered 2.0 liter, schitty in-between styling, etc... Don't get me wrong, a perfect one would still be cool but it's the bottom of the barrel for early "S"s.

A '67 is an extremely cool car and a '70/'71 2.2 911S would be on the top of my list but a '69 is a dog. I've all but lost interest in old 911s as the values/prices have gone cukoo and the supply of great cars has dried up like a prune in the desert. My interest has switched to newer cars where the value:fun ratio is the other way around. I'd rather pay $40k for a dinged-up 997S than $100k for some complete dog's ass old 911 that smells like a whore house. The people buying them for these prices are not enthusiasts. They're douche bags. :cool:

Yep, a 997S would put a bigger smile on my face than a longhood I'd be too afraid to drive for fear of jeapordizing my investment.

+10000

:D:D:D

I will tellya what is happening, is that EVERY Central Bank in the world is MASSIVILY infusing the Global economy with LIQUIDTY....that means they are PRINTINGGGGG MONEY.

The money is worthless...

With the Central Banks buying Sovereign Debt with the money they are printing, interest rates can be contained...what can not be controled is the value of the money they have printed...thus while we are seeing weak demand for consumer goods on the whole (which are depreciating assets) collectables usually hold value or appreciate.

We are also looking at a dearth of places to invest money and make a decent return because of low interest rates. The US Equity and RE markets are being completely rigged by the Federal Reserve and their bond buying pattern.


This dance will continue until the Liquidty Bubble Bursts....eg Sovereign Debt Bubble. When the Bubbles BURST the music is over, there is no coming back from this one BABY...why you ask....I have over 100,000,000,000,000 reasons why..in other words it is the SCALE OF THE BUBBLE. Think who could BACKSTOP the failure of the USD...No one or combination of entities is large enough to save the US or even save themselves from being sucked down. So it is either GOD or Space Aliens that could fix it.

the sky is falling :p

Yeah but you're right there is big interest in anything "vintage" right now. Watches, cars, jewelry, anything. Not sure why. New stuff is mostly expensive mass produced junk made to cost & attracting the widest possible audience and therefor not really pleasing anyone? Nostalgia?

Ohhhh Lord why does one have to suffer fools?

James Bullard was on CNBC this morning, you should have watched. You would have learned something.