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Registered User
Join Date: Jun 2013
Posts: 884
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Market has reached a standstill.
Asking prices are now too high for the market to sustain.
The majority auctions are not meeting reserve. The bidders and the sellers are not finding their meeting place. |
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06-20-2014, 07:03 PM
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gearhead
Join Date: Nov 2007
Location: Loverland, CO
Posts: 23,525
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Not getting enough attention at home again?
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06-20-2014, 07:09 PM
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Registered
Join Date: Aug 2013
Posts: 517
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Too much fiber in your diet?
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06-20-2014, 09:50 PM
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Registered
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Those fibre 1 bars are good. have you tried them? Does anybody have any really good recipe for burgers. Having a family get together soon and would like something out of the ordinary. No Vegan ideas needed thanks.
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1984 Carrera 1985 Vanagon Westfalia 2009 Audi A3 2015 VW Jetta 2016 Sprinter |
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06-21-2014, 02:12 AM
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This site is for adults.
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06-21-2014, 03:37 AM
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Home of the Whopper
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It does seem like the market has slowed down a bit.
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1968 912 coupe 1971 911E Targa rustbucket 1972 914 1.7 1987 924S |
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06-21-2014, 03:52 AM
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non-whiner
Join Date: Aug 2012
Location: Slightly right of center
Posts: 5,235
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Yeah, but the popcorn is still tasty!
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"Too much is just enough." |
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06-21-2014, 04:45 AM
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Registered
Join Date: Jun 2008
Posts: 484
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Wonder how many PBJ (that Mom cut the crusts off of) were consumed to find the worst examples of a nonexistent trend. Maybe my mommy will make me a bowl of oatmeal so I can come up with equally inane examples to refute the above assertion.
In the meantime, I might take my Porsche for a drive. Something the OP will never do because he has no interest in owning one.
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97 Carrera Coupe - Red 89 Carrera Coupe - Baltic Blue - Sold |
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06-21-2014, 04:52 AM
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Registered
Join Date: Jan 2004
Location: Docking Bay 94
Posts: 7,008
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When did the market come to a grinding halt - was it on Thursday or Friday?
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Kurt |
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06-21-2014, 05:22 AM
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Registered
Join Date: Aug 2013
Posts: 517
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Quote:
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06-21-2014, 06:04 AM
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Registered
Join Date: May 2012
Location: Ohio
Posts: 256
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It's raining today.
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06-21-2014, 07:31 AM
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Registered User
Join Date: Aug 2010
Posts: 79
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I know of 2 sales in the last 60 day for 1967 911S for over 300k....the market is just getting started.
Look at the asking and selling prices for 89 Speedsters. Level 1 cars are now $200k. The money is chasing the low milers. Who wouldn't want a bubble wrapped aircooled 911. Fact is these cars are now old and if they have miles they will need some level of restoration. That aint cheap! |
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06-21-2014, 08:06 AM
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Registered
Join Date: May 2008
Posts: 422
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The early market is still climbing but it is for very specific cars.
The 74 and up market got flooded with very avg cars trying to ride the tails of the done off color combo cars. I agree that cars are not selling at the higher pricing and they will adjust back down. I think the majority of the big dollar cars are going to Europe. Makes sense they are their Hemi Cuda's. Not an unreasonable post why bash? |
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06-21-2014, 09:28 AM
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Registered
Join Date: Oct 2008
Posts: 117
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Quote:
You astutely (if unwittingly) point out that "bidders and sellers" somehow get lost on the way to "their meeting place." It should come as no surprise to you, then, that "the market has reached a standstill" since the parties involved in potential transactions never arrive at the locations at which the transactions will eventually be completed. Last edited by 917L; 06-21-2014 at 12:54 PM.. |
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06-21-2014, 09:38 AM
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Registered User
Join Date: Aug 2010
Posts: 79
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Many of the higher end long hood sales (and the rare short hood sales..Speedsters etc) are private sales. In other words, never reach the open market.
I know this because I have chatted with the wonderful folks at Hagerty about their pricing guides. They get a majority of their data from their actual customers who report that they sold their car for X and then buyers reporting that they paid Y. |
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06-21-2014, 09:57 AM
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Registered User
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Market has stalled?
Thanks a lot Osama bin Laden. ...
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07 Boxster 88 Carrera Cabriolet 3.2 (sold) 05 Boxster S (sold) |
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06-21-2014, 10:24 AM
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Registered
Join Date: Jan 2004
Location: Germany/USA
Posts: 83
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Queer comment have you studied the tulip market and what it did to holland
I once told someone I would meet them at a Starbucks with the money to buy his car
Turns out there were two Starbucks a mile apart and we never found our meeting place Quote:
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06-21-2014, 10:30 AM
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Registered
Join Date: Mar 2009
Location: Edmonton, AB
Posts: 767
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Quote:
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__________________________ '18 Macan S - my turbo Porsche previous Pcars '58 356A coupe, '00 Boxster S;'95 993 Polar Silver/Chestnut;'08 Cayman S;'70 911E |
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06-21-2014, 12:06 PM
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Registered
Join Date: Apr 2001
Location: Irvine, CA, USA
Posts: 628
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I love Starbucks. Have bought everything there except... coffee!
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06-21-2014, 12:58 PM
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Kind of Blue
Join Date: Sep 2010
Location: Delaware
Posts: 2,310
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Quote:
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1971 911T w/ a 2.7 (ITBs, EFI, a bunch of other stuff, 2180 pounds with fuel) 2024 Ford Bronco Raptor |
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06-21-2014, 01:07 PM
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2009 Audi A3
1984 Porsche 911
1985 Volkswagen Westfalia
Work Van
2019 Porsche Cayman S
Porsche 911 Carrera
Olive
The Turtle
Ruby
Brownie
1988 Porsche 911 Carrera Cabriolet
2007 Porsche Boxster
