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Cars and Cappuccino
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Ok...wait...wha?...huh?...WTF? $100K middies?
Granted this is Australia, but even with the exchange rate difference you are talking $100k USD for the '75 Sporto mentioned here.
http://forums.pelicanparts.com/off-topic-discussions/908964-exotic-car-dealer-yesterday.html
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http://www.carsandcappuccino.com 1987 Grand Prix White "Outlaw" Turbo Coupe w/go-fast bits 1985 Prussian Blau M491 Targa 1977 Mexico Blue back-dated,flared,3.2,sunroof-delete Coupe 1972 Black 911 T Coupe to first factory Turbo (R5 chassis) tribute car (someday) |
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04-05-2016, 10:16 AM
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gearhead
Join Date: Nov 2007
Location: Loverland, CO
Posts: 23,519
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Quote:
Historically the tariffs have lifted Aussie car prices well above and beyond what we would expect. They also only have 10-15% as many cars as we do, so supply and demand also tacks on another bump beyond the import taxes.
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1974 914 Bumble Bee 2009 Outback XT 2008 Cayman S shop test Mule 1996 WRX V-limited 450/1000 |
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04-05-2016, 11:49 AM
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Cars and Cappuccino
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Quote:
$150k in Aussie dollars is $112k USD using your .75 cent ratio. Regardless, anything north of 35k USD for anything other than a near mint middy seems crazy to me. Hell, good G50 driver coupes still trade in the low to mid 40's.
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http://www.carsandcappuccino.com 1987 Grand Prix White "Outlaw" Turbo Coupe w/go-fast bits 1985 Prussian Blau M491 Targa 1977 Mexico Blue back-dated,flared,3.2,sunroof-delete Coupe 1972 Black 911 T Coupe to first factory Turbo (R5 chassis) tribute car (someday) |
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04-05-2016, 12:32 PM
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winter
Join Date: Nov 2007
Location: Vail
Posts: 1,673
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Tell you what, once I do the bearings in my R front, so the car is safe to drive, I'll sell you my '75 for $45k and you can laugh all the way to the bank. ;-)
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04-05-2016, 01:32 PM
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Registered
Join Date: Oct 2014
Posts: 1,736
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I can show you a couple of 60k middies and one for $115k.
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"Fraud is everywhere in this hobby. Believe nothing, believe nobody, expect disappointment." |
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04-05-2016, 01:46 PM
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gearhead
Join Date: Nov 2007
Location: Loverland, CO
Posts: 23,519
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I'll make the same comparison I often make to the early market. To do rust repair, paint, or restore the interior on a 912 costs the same as a 911. Rebuilding a gearbox costs the same. Caring for them costs about the same. So why shouldn't they be close in value to each other?
Same with a middie versus an SC or Carrera. Is a $112k 75 911 normal Sporto nuts? Sure. But the day of six figure middies is coming. Better be a car that can win preservation class at a concours, but they are coming.
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1974 914 Bumble Bee 2009 Outback XT 2008 Cayman S shop test Mule 1996 WRX V-limited 450/1000 |
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04-06-2016, 05:30 AM
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