It seems the market has really changed

I think it will push exotics even higher as a flight to tangible assets.

Shamile

Freeze. ..Miami Vice!

 

+1

Shamile

Freeze. ..Miami Vice!

Sent from my SAMSUNG-SGH-I747 using Tapatalk

 

We do not know if they will go belly up.
And they can not yet buy used cars, exotic or mundane.

 

For China its not 2008. Its more like 1929. Gts Bruce

 

I would like a slightly used MB SSK or SSKL then!

 

I'm curious as to 3x8 and Testys fair in the next years. The ladder is a high priced car to maintain.

 

Shamile's is always the voice of reason.

 

More market threads...

Everyone, stop taking these things so personally. Market is clearly in a bubble -- the bubble will unwind. Catalysts are starting to present themselves in the past few weeks... if China's house of cards stock market continues to unravel, a lot of the faux-riches from that area will unwind. Other assets are or will follow suit -- these absurd car prices will drop between 30-50%... for some, it won't matter. For others it will / does matter.

Big whoop-ty-do, right? It is just money!

 

How can you tell the difference between the pioneers and the settlers? The pioneers have the arrows in their backs....

 

Just about all economies are printing money like it is going out of style. Historically never been done on such a large scale before.

This has resulted in the rise of collectible prices.

Prudence dictates investors maintain well diversified portfolios not just collectibles, stocks, etc.

 

There will always be people with money. The question will be if/when the bubble bursts will the owners of limited production number Ferraris sell at lower prices their cars. This will dictate the market, I think. There are exceptions but rare things remain rare, despite the noise of the economy.

 

Ohh...I don't know about that. But I do live by the phrase " use the fine china and silverware everyday. ..give the guests the paper plates" lol
Meaning. ...drive your damn Ferrari like you stole it!


Shamile

Freeze. ..Miami Vice!

 

Indeed you are correct. However, an overwhelming amount of these cars that have experienced the dramatic increases are NOT limited production...

Collector Car Market - The Beginning of the End?

Very good points brought up in here

"more experienced collectors know that pigs get fed and hogs get slaughtered as they convert their cars to cash at or close to the top of the bubble."

 

You know that's a year old, right? It was predicting an end to the classic car boom in Monterey last year. Yet, here we are a year later...

Again, choose what to do with your own money. Let other people spend theirs however they want. They have to live with the consequences, not you.

 

Yes, I can read

 

Awesome; I'm proud of you.

So why did you think it was still relevant?

For the record, I am all for people's having different opinions than I do as long as it's well thought out and intelligent (and not parroting old obselete opinions) and doesn't belittle people for making different choices.

 

I do not understand why those people that do those predictions bother to write articles.
Maybe they are bored, lounging in the sun on their private Caribbean islands?

 

You should be out driving that F40.. Not worrying about what's going on here..

 

No, you are not safe from the economic fallout. Just as Europe copped it in the last US initiated recession.
The World today is a inter connected World!

 

Had a glorious drive on this spectacular Colorado morning. Thank you. But someone has to be the voice of reason and, as has been pointed out to me in numerous pm's and emails, maintain the integrity of the board as a whole. This whole "today's Ferrari buyers are stupid" mentality in threads like this does nothing but detract from the otherwise high quality of the board.

Again, differing opinions are fine as long as they are well reasoned. If not, there's no reason to arbitrarily scare off people come to this board for the real research to buy their first Ferrari.

The moderators just had to do an entire revamp on the classified section just for this very thing.

 

Agree. Me..I'm stuck at home today, with a muricelago just begging to get out on the road.

 

T, your driving season is way too short to be missing great days!! I think next summer will be time for a Canadian road trip for me.

So to recap at this late stage for newcomers to the thread, the market might have changed as far as pricing but the rules have NOT changed. They are still:

1) Buy what you love.

2) Cars are NOT investments. If you buy cars as investments and not for the love, you deserve whatever fate hands you.

3) Parts of the market are up but if you can responsibly buy what you really want (rule #1) for the passion and love of it (Rule #2) then you're making a fine decision.

4) If you follow rules 1 through 3, then you are never stupid for NOT selling in a hot market. It still is perfectly acceptable to turn down massive gains in order to hold onto something that you love more than money.

That about sums it up for 95% of buyers in today's (or any) Ferrari market.

 

For sure!! Give me a shout when your in town.

 

Will do for sure.

 

Since we are posting articles here, maybe some of you might find this relevant. It's less than a week old and although it's about the art market, it has a lot of parallels to cars and what many on here have been saying:

https://news.artnet.com/art-world/art-and-money-super-rich-312541