Official Countach Value Thread

Not really. This guy wasn't a sole bidder. His most obstinate opponent bailed out at 1.080 k$, and this wasn't the only opponent who didn't bail out before the 1.000 k$ line was crossed.

The point is that this was a very attractive but not perfect car. It is no more and no less crazy to pay this kind of price for a LP400 than to pay it for a SV. Both are similarly attractive and rare. I think that it was a good but expensive move to buy 1120066.

But what do I say - time will tell. Anyway the current "gold rush" market situation with certain partcipants searching for "investments" is crazy. It is about time to see the bubble exploding and to speak again about the cars and not about their values.

 

....and he did. You can ask whatever price you want for your car, but $695k especially with all that chrome bling bling is making you look bad. Not only that it's giving a black eye to long term Countach owners.

Beautiful car, don't get me wrong I passed up on it last summer because of the chrome & no service history. Last year $250k was slightly unrealistic, today 250k is about right, but at $695k? That just makes me shake my head. If I did that with mine people would be ripping me a new one. Good luck with the sale.

 

Very good post, Triple-X. I must admit that I didn't expect such from you.

 

Whatever is happening in the market, it is very exciting to see the Countach be back in the spotlight after all of these years, especially for us owners.

 

This is the kind of thing that will end it for everyone. Shame.

 

Some very interesting thoughts here.

I think though, that many are missing a very significant component to values of certain cars.

That is that for the first time in history some vehicles are becoming virtually irrelevant while others are becoming viewed as ultra special and very important historical items.

Keeping in mind that the automobile itself is not that much older than 100 years old, there have been many, many different ideals as to what the consumer would like. From early European cars to large American cars, the thoughts were very, very different.

Early Model A and Model T type cars are now becoming difficult to sell, own and even drive on our streets. Many that own and appreciate these agree with my thoughts in that buyers for these cars have either made their buys, restored their cars or well...died. It is a rapidly shrinking market.
As well, the massive boats from the late 50's, 60's and early 70's are having a tougher time selling and increasing in value because homes are not built to accommodate their sheer size and many owners can't store them, so they sell. This, and the above scenario have not ever been seen before to this extent. Many of these cars are very difficult to sell.

The other factor that does not relate to some economists theory is the emotion that many of the cars - The Countach specifically evoke. Never has a car had the impact on such a scale like the Countach and I challenge any dispute of that.
I, being 41 years old swore up and down that I would own one. If nothing else... a Countach.
Now, there is an entire generation that saw and experienced their fathers muscle cars or big boats but may have been more impacted by Miami Vice, Magnum PI and all the posters of the CT.
This generation through hard work, inheritance, trust funds or whatever, can now look to fulfilling a dream and lets face it the Countach is the ultimate Dream Car for a generation.
Values realized today are not subject to the speculation of the early nineties like some here might suggest. They are a realization of an Icon of Automotive history getting its due.

Never in History have special, high end cars been worth this much and received this much credibility as honest, valuable assets. This is not a trend, a bubble or a value in need of correction. Give your head a shake if you think so. Why is an early 911 of various different guises worth over half a million or more but a Countach in any variant isn't? Because the generation that will make it happen is just now looking for these cars.

Gentleman, the Countach is an Icon and it is just now coming into its own. You will see them all increase, and increase steadily, make no mistake. Yes I own one, but I also own a Crystal ball and only a fool would think that this car is not going to be worth substantially more than it is today - barring some horrible global meltdown.
With about 1900 or so ever made and emerging markets in China and Russia, more money will come.
Hold on Gents. A special car is on the rise.

 

I agree with you 100%. The car is an icon that deserves all the attention it is getting. It has been undervalued for years. I view this rise as the market catching up to a sleeper and not
the car getting ahead of itself.
But I would hate for the car to be harmed by the image of games and shenanigans.
When you price a car too low, the market will tell you you were wrong to start with. That's what happened last weekend and it created a positive vibe about the car.
When you price a car too high, the market will tell you and that would create an unjust negative vibe.
In a market like this, the smallest negative vibe could cause it all to crash. You can
witness this many times in the stock market. One little negative story or report can
crash a stock or whole index.
Sometimes I understand why collectors take the Ferrari market more seriously.
I don't want to be seen as guys who can't act responsibly at the higher echelon
of the collector world.

I am not aiming this comment at anyone in particular. Just venting a little.

By the way, as a Countach owner, I would prefer the car stayed a sleeper.

 

If anyone thought parts were expensive and hard to come by for the Countach, I cannot imagine what is probably happening in that market as well right now.
This pricing frenzy will move every corner of the Countach market to make it impossibly expensive to restore these cars.

 

Thanks.

I do recall around late 89 first quarter 90 a couple of guys did things like this and made the market crash. Not that I'm a seller or buyer for that matter. But I would like to see long time Countach owners be level headed in this market.

He was asking unrealistic numbers last summer, this is downright disgusting.

 

Some of us think the almost the entire collector car market is in a bubble. The CT is just the needle in the haystack that we've been discussing here.

I mentioned it before in crazy prices for cars like a 190SL. It isn't as though they're particularly rare, either.

Do I think any version of any 911 is worth half a million? Ah, no. No. NO. NOOO.

Of course it's been said, and rightly so, that it is partly due to a generation coming in to its own. However, when you look at the age and lack of iconic stature for cars growing exponentially in price, it isn't just the poster car, and it isn't just the post '75 cars. It's mostly post-war, European, through the late 90's. Look at what has happened to the 928S4 market. That, as much as I love it, is still basically just a used Porsche! 78/79 930 Turbos and 89 Speedsters are growing FAST. Formerly cheap basic rust bucket Alfa sedans and Fiats from the 60s and 70s grew FAST. A gullwing (albeit an icon) has doubled relatively recently, has it not? Same with the mid 50s 300SL roadster. Did anyone else notice Urracos basically doubled over the last couple of years? The top of the Espada market has tripled for cars with serious sellers.

It's about P A C E....

It's not as though suddenly a bunch of sub 40 year old guys woke up on exactly the same morning and thought "I'm going to buy a Countach today". The market is currently chasing up. People don't want to be left out.

Look at this. We are well into mania phase, somewhere around the greed level of the curve.

https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/stages_in_a_bubble.html

 

For a little 'DOCUMENTED" records here...

I went to Canada yesterday on a day trip to visit a customer that has 8 Lamborghinis of different types, years, colors etc etc..he is getting on in age and wants to thin the crowd so to speak.

We agreed to three (3) of his cars, all 1989 Countach cars to be moved on.

Last night the first of his three I sold and it found a new home in California.

It was a Black 89, no wing, 29K mile, good service history, no accidents or paint work, book, tools included

We moved it along at $265K, NOT including shipping fees.

 

It is profound that this chart has a "bull" trap.

 

I think I have one of the NICEST 928S4 cars on the market today...also will be listing a GREAT MINT 1983 Porsche 930 Turbo later today..Euro version at $49,888

1989 Porsche 928 S4 Lynnwood, Washington | Cats Exotics
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LOL quite right.

 

Yep, your listing price was precisely the car I was thinking of when I mentioned the S4. It is a LOVELY car. That car would not have brought half that a year ago, and it would have been sub 25k 2 years ago, and sub 20k 3 to 4 years ago. See how the ramp went vertical? It became the alternative to the overpriced GTS that have been languishing on the market for YEARS at 80-100k. A single seller in Missouri is who I'm speaking of.

So can anyone tell me why a 79 930 could go for 100 to 150k while an 83 brings comparatively "only" 50k?

 

Porsche 924S very nice and low miles but $79K!!?? Holy Mackerel! I must have woken up from cryogenic life support! No one wanted these things when new... Too much water around the engine they said.

 

Good post, although when I said "That explains it" I was totally kidding. If somebody wants to pay $3m for a Countach I'm happy for them. I'm just taking careful note of who these high-bidders are so that when the tide changes, we know where these cars are.

 

Great post Leo!!

I agree with LC3929 again.

 

Um, you're totally right, but, isn't this stating the obvious basic fact that everyone already knows? I think the impending correction will be a matter of economics.

 

I'd say the Countach has been back in the spotlight for the past decade, and its happened because they are great cars, and not because some people have decided to throw silly money at them in recent times.

I bet not a single person posting here would pay some of the recent prices being asked, or the recent high prices gained.

 

Jeff, nice post, and for our collective sakes, I hope you are right! But, I fear that even if you are, it wont be for long.

 

That made me laugh! Very appropriate.

 

.. and I was too stupid to understand, obviously. Back to the tree...

 

and here is my 1983 Euro 930 Turbo...just went live on my site...

1983 Porsche 911 930 Turbo Lynnwood, Washington | Cats Exotics
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