i recall the thread on the late 80's F car burst...... what was the consensus on the cause (if any) ?
My completely custom e30 m3 restomod is costing me about 120k without donor. That includes rotisserie paint job and fully blueprinted engine. So 200 to 300k makes sense for a dino/countach.
Dale, No clue about precise up to date values. The Countach has a wide pecking order with the early clean car holding the most value.
Here you go ,a bit of light reading for you.. https://www.ferrarichat.com/forum/threads/early-1990s-crash-of-collector-porsche-and-ferrari-values-how-did-it-happen.507642/
It is interesting that Dino started this thread 8 years ago, I had forgotten about that. You can find Dino’s for less than $400k today, but there are very slim pickings. Not that one sale makes the market, but the BAT non-chairs/non-flares GTS that sold for well over $600k has had lots of ripples. I alluded to this before the $600k sale in the Dino area, but admit I sounded crazy. There have been quite a few crazy private transactions that I thought would make this seem not out of the ordinary, but people aren’t talking/posting about them. It is a real market. Many owners have no desire to sell. Hence, not much on the market. Opportunists are out there, but the market is dry. Want to restore a Dino, plan on several years and several hundred k’s.
I believe you can still find a 246 gt for $325,000. All things being equal, why isn't this a fair price? Why wouldn't they continue to increase in price, much less just sustain? Almost everyone now puts the dino in the top 10 Ferraris all time. Their first production mid engine car. Engine with ties to 2 formula 1 championships. The handling is incredible, the engine note phenomenal. And the design is one of the most beautiful shapes of any car ever.
This thread above is pretty good. I bought my 365GT in 1993 and the seller was moaning about how it was worth twice as much just a couple of years before... oh well. I think in 1993 the price was still on the way down... my perception was that prices bottomed about 1997-98, for Ferraris at least. The run up in the post-Enzo era was much sharper and quicker than the run up in prices this time around. Many more dealers and more leverage were involved, and fewer end users. Also, there was less liquidity in the market at that time-- you didn't have that many collector auctions, let alone online venues like BringATrailer, so if you bought a car for $300k and needed out, the best you could do was advertise it in Hemmings and FML and wait by the phone. In my opinion, that additional liquidity justifies higher prices all by itself. Now you can monetize a collector car in a month, if you need to-- maybe not at the price you want, but not at a fire sale price either.
Not sure I follow. As far I know, any car with working mechanicals/running gear (usually) “is still drivable” or should be. OTOH, I learned loooong ago that those who've never commissioned/paid for or performed a “complete restoration” usually have no idea what it actually means or that anything less is not. The phrase is one of the most misused/-understood in this hobby/industry.
Edit: … and don’t get me started with “rotisserie restoration”. Heck, I have a “rotisserie chicken” for dinner almost every Friday. While some are better cooked and more flavorful than others, the expected outcome of each is far closer to others than most “restorations” claiming/using similar procedure(?).
Do you believe you can or know you can? There’s very few offerings anywhere in this price range. There was one currently on the market. Have you seen it in person? I have. I don’t mean that to sound like I am making negative or disparaging comments, but there is a reason it is what it is.
Well, being a "collector" doesn't mean the person is an enthusiast. He/she might just into "collecting" (or hoarding or speculating on) stuff and perhaps (financially) afraid of the items in his/her "collection", i.e. rather than owning the items, they (the items) own him/her.
Nailed it. One thing you can take to the bank is interest rates are not going up in a meaningful way. Oh, the Fed might bump it a few basis points, but that won't last. MMT doesn't work with high interest rates.
Question to admin or mods : After nearly 9 years of this pointless nonsense, is there any chance to get this thread moved to one of the subscribed forums, Silver perhaps, so it can be perpetuated among all other endless/pointless non-automotive topics the same small group of individuals seem to enjoy(?) carry on about or create there ? I think it would be a perfect match and win/win for the rest of us.
Pointless? Are you saying that after 8 years of ludicrous price increases and pure speculative greed to make a buck are going to lead to a "new normal" in the car market with no major price correction afterward? You'd be wrong
The funny thing? I don't discount we may be in a bubble - that said - I simply don't claim I know when if/when it will pop. Two very different things. Furthermore, when somebody is buying a car, even in this environment, I don't rain on their parade, I say "congratulations."
