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Registered
Join Date: May 2006
Location: Ohio
Posts: 733
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What the Heck's Going on with Classic Cars?
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1996 993 Coupe, Tiptronic, Polar Silver 1973 914 1.7 Marathon Blue Metallic - Sold 1977 911S Targa - Sahara Diamond Metallic - Sold 1975 911S Targa - Copper Brown Metallic - Sold |
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08-17-2017, 12:49 PM
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Join Date: Oct 2014
Posts: 1,736
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Typical zerohedge bull**** mongering to the end-of-the-world tinfoil hat crowd.
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"Fraud is everywhere in this hobby. Believe nothing, believe nobody, expect disappointment." |
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08-17-2017, 03:35 PM
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Join Date: Aug 2013
Posts: 517
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Quote:
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08-19-2017, 07:43 PM
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Functionista
Join Date: Jul 2011
Location: CO
Posts: 7,717
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Article doesn't apply to most people. Asset class? 14 million for a CAR?
All I know is that most clean, original, desirable, classic sporting automobiles that I see regardless of make are still at least minimum five figures. But I'll gladly buy a 1970 Pontiac Firebird Formula model optioned like I want for less than 10K the day it comes crashing down. I'll take a grip of them actually.....
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Jeff 74 911, #3 I do not disbelieve in anything. I start from the premise that everything is true until proved false. Everything is possible. |
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08-19-2017, 10:34 PM
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gearhead
Join Date: Nov 2007
Location: Loverland, CO
Posts: 23,638
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Yep, I didn't make it very far in that article. Asset class and I was gone. What they were talking about will never mean anything to me.
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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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08-20-2017, 07:59 AM
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ptrsbtrs
Join Date: Mar 2006
Location: Monroe, Wa.
Posts: 1,352
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Agreed. As soon as asset class was mentioned my ADD kicked in and...what was I saying???
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08-20-2017, 09:08 PM
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Join Date: Aug 2013
Posts: 517
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Quote:
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08-21-2017, 05:27 AM
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Fake news.......
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08-21-2017, 05:52 AM
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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,757
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When people on these forums were starting to talk about collector cars being an asset class that was the first sign. When new members on these forums were talking about which cars were better buys for investments that was the next sign. Too bad there was no way to short the market.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster |
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08-21-2017, 06:22 AM
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Join Date: Apr 2016
Posts: 1,176
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Yeah I was really shocked to see my mint 917K's value decreasing.....
LMFAO |
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08-21-2017, 08:30 AM
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gearhead
Join Date: Nov 2007
Location: Loverland, CO
Posts: 23,638
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Quote:
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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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08-21-2017, 09:11 AM
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Posts: 517
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08-21-2017, 01:00 PM
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gearhead
Join Date: Nov 2007
Location: Loverland, CO
Posts: 23,638
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A broken clock is correct twice a day.
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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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08-21-2017, 01:05 PM
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Join Date: Apr 2016
Posts: 1,176
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Hey Matt how is the value of your Ferrari 250GTO looking these days? Are you tightening the belt because it's worth sub 20 million now??
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08-21-2017, 01:06 PM
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