Price Drops Here there and Everywhere...It Has Begun in Earnest

[Macroni]

Vaive is ahead of his quickly diminshing curve....... he sold two years ago.....

[wayner]

I don't think this company will ever sell any of these cars. Heck, the people that were around in high school when these cars were new and winning on the race track are like what now, almost 80?

<iframe width="560" height="315" src="https://www.youtube.com/embed/DNZA8KrQmkQ" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

https://www.factoryfive.com/type-65-coupe/all-new-gen-3-coupe/

[Matt Monson]

https://coloradosun.com/2019/11/14/ford-v-ferrari-shelby-american-collection-car-culture/?fbclid=IwAR216EviP-Cu6swmaGjfMGQhCryY8DRV8IE0Q_J_v7b3BhcqUsv36AawDRE

[trader220]

http://forums.pelicanparts.com/porsche-cars-sale-dealer/1035382-1990-porsche-964-carrera-2-coupe-black-black-78k-100-all-original-paint-74-995-a.html

Couldn't happen to a nicer guy!

[wayner]

I think the biggest thing that we are seeing is that the feeding frenzy has subsided.

The right guy will pay the right money for the right car.

Around 2014 I think that there were many of the wrong guys paying the wrong money for the wrong cars
(This would be the marginal end of the market)

To my mind the 964 was one of the ugliest (thus good Singer donor car)
but one of the most competent (but to an ugly car, just not as attractive as some other years, so for that reason also not worth as much )

Also, many cars that would have been chopped up in the few years before, instead became bid up auction material.

The rest, the good ones, will always have value as long as there are the right people (however long that will be)


The other effect is that a special car that would have taken many months to find the right buyer, instead often quickly found a buyer (any buyer) in the feeding frenzy.

The frenzy has settled out. The marginal cars and marginal buyers have cooled.

Factory five (the cobra and daytona cars above) find buyers for $20k kits that often cost $70k by the time they are complete.

They sell a significant volume of those kits.
Those kits are not of high school cars, they are of icons.

The debate here might head towards weather a classic 911 is an Icon (like a cobra) or is it a high school car (like a Duster)

[Macroni]

911 will never be a real Cobra but it is definitely an iconic engineered design. It is a singular visceral experience that can not be duplicated for the price.

[1979-930]

The next couple of years could see price pressure to the down side. IMO the seven year itch holds truth.
We are exactly seven years out from the beginning of the Porsche air cooled craze and Urban Outlaw.
The buyers that jumped into cars to follow that trend are going to be ready for something new and currently cool.
I think the next few years the Porsche market will be flooded with incomplete or complete Outlaw style cars.


Sent from my iPhone using Tapatalk

[wayner]

If that is a market prediction within a market prediction I think that I might be in agreement

[Rawknees'Turbo]

Originally Posted by 1979-930

The next couple of years could see price pressure to the down side. IMO the seven year itch holds truth.
We are exactly seven years out from the beginning of the Porsche air cooled craze and Urban Outlaw.
The buyers that jumped into cars to follow that trend are going to be ready for something new and currently cool.
I think the next few years the Porsche market will be flooded with incomplete or complete Outlaw style cars.


Sent from my iPhone using Tapatalk

Look at the big brain on Deez! I bet you're right!

[Matt Monson]

There is a recession looming. How deep and how big an impact it has on our cars remains to be seen.

https://www.bloomberg.com/news/articles/2019-11-12/world-s-rich-readying-for-major-stock-sell-off-ubs-wealth-says?utm_campaign=news&utm_medium=bd&utm_source=ap plenews

[trader220]

Originally Posted by Matt Monson

There is a recession looming. How deep and how big an impact it has on our cars remains to be seen.

https://www.bloomberg.com/news/articles/2019-11-12/world-s-rich-readying-for-major-stock-sell-off-ubs-wealth-says?utm_campaign=news&utm_medium=bd&utm_source=ap plenews

Volatility is low, so yea, I expect it to rise at sometime in the future, sure. Big deal.

You can poll investors, traders, money managers at anytime and the results are nearly always the same as what that Bloomberg article says. Again, big deal.

We're overdue for a recession, does that mean we will have one? Hell no. Remember economists have predicted 7 out of the last 3 recessions.

[wayner]

It’s interesting how unlike so many iconic cars, the 911 treads the line between practical and whatever cobras and a Ferrari 250 bring to the table, but then again I think the same can be said for the 356 and 550 against their contemporaries

[Alan A]

https://forums.pelicanparts.com/porsche-cars-sale/1031925-1974-porsche-911-u-s-carrera-129-000-00-a.html

Well this one didn’t drop yet

[Macroni]

Originally Posted by wayner

It’s interesting how unlike so many iconic cars, the 911 treads the line between practical and whatever cobras and a Ferrari 250 bring to the table, but then again I think the same can be said for the 356 and 550 against their contemporaries

Bang for the buck.... maybe not the best but certainly much more affordable than exotics; affordability being defined by purchase price and operating costs.

[Unobtanium-inc]

Originally Posted by wayner

It’s interesting how unlike so many iconic cars, the 911 treads the line between practical and whatever cobras and a Ferrari 250 bring to the table, but then again I think the same can be said for the 356 and 550 against their contemporaries

The 550 is the zenith of Iconic. Luckily, I'm almost done with the body, then the real fun begins.

---Adam

[pmax]

Originally Posted by Macroni

Bang for the buck....

Puhleez, Raw's the expert in "cheap action" cams, not you.

[Rawknees'Turbo]

Originally Posted by Macroni

Bang for the buck.... . . .

You just described how pNutz earns enough extra money to get his CIS and 915 components refurbished!

[pmax]

Originally Posted by Rawknees'Turbo

That would be wise, Tobs, as I wouldn't put it past ol' pNutz to strategically place a shiny new, Weber carb float on the ground, and then point it out when you two walk by (him a step behind you, of course )! I can hear it now; "Hey CC, wutz that"?!?!

As far as the iceberg treatment, Megan was probably scared off by your supersized, caveman club!

Having these weird hats on says it all !

[Rawknees'Turbo]

^^^

With those clear hats, soot and charring from intake backfires are clearly visible; I hear that is a sign of carbed machismo (same deal as with CIS airboxes which have been split open via backfires and then slathered back together with JB Weld)!!!

[911heaven]

Just waded through this thread first time and thought it reminded me of the dinner scene on the movie Nothing but Trouble! Remember that one with Chevy Chase and Dan Akroid, even John Candy? Chevy Chase said -- you got enough vintage scrap cars outside to build several thousand Toyotas! You sould sell it all to the Japanese! Oh! Then you gotta hear Dan Akroid's response to that! As I say, similar arguments/discussion here. If I were internet savvy enough, I'd post that dinner scene here. Could someone help? Funny as hell and nostalgic.