Yes but to be clear, 375+ was being sarcastic. We’re just riffing on LW’s annoying tendency to paint things red that aren’t.
Hagerty has been in the auction market since they bought into Broad Arrow almost 2 years ago (and subsequently purchased the entire operation)... but yes, looks like they've added auction functionality to their market place. Ooooo - ahhhhhhh Joe Sackey talks about selling GF's US F40 s/n 88251 here. Mike Tyson owned F50 s/n 104220, but as far as I know, George Forman never owned a '50.
(2017) #1451 GT Going Up For Auction https://www.ferrarichat.com/forum/threads/1451-gt-going-up-for-auction.563898/ https://rmsothebys.com/en/auctions/NY17/New-York---ICONS/lots/r031-1959-ferrari-250-gt-lwb-california-spider-competizione-by-scaglietti/563555 Copley Motorcars https://copleymotorcars.com/?showroom=1959-ferrari-250-gt-lwb-california-competizione-s-n-1451-gt-2 .
Classic.com just published their analysis. Only the very top end of the market is doing well. The rest of the market is still stabilizing and trending lower. https://www.classic.com/insights/auction-results-november-2023/ Image Unavailable, Please Login
11 years this week since this thread started. I've ruffled many feathers here calling BS on many chicken littles. Anyone going to own up? (anyone? !? ) I'll call it the "Dallas Cowboys" syndrome. Mondial sold for $160,000
Seems to be a mixed bag. Are we talking car market in general, or just Ferrari? Porsche 356 coupes are still trending up, series one e types are holding, jag 120's have fallen, 63 swc vettes are up, dino 246 are holding, seems to really just depend on model and restoration.
Yes, yes, the bubble is going to burst. OMG the sky is falling. Run for your lives!! Head for the hills. Seek shelter. Hide the women folk. Annie get yer gun. Oh the humanity!
We know what the supply is for Dinos. What is the demand? Who is buying these cars? Who will buy these cars in the future?
This still applies today in regard to the modern classic market and cars that are under a million dollars. Still a ton of people buying simply to try to make money and interest rates still are not restrictive enough yet despite being as high as they are.
We all think we know the future. No one knows the future. Speculators think what is going on and data based given people think what is going on. But it is all BS speculation. The future can turn on a dime. I have ignored what these people know. I ignore all the white noise from so called speculators and go with my gut. For me it is not scientific but it has worked for 50+ years. So to hell with all of you who think you know about what the future may bring.
Id be interested to know, from dealers who are selling these class B classics (Dino, E type, 356, 911s, etc..) if the buyers are new to classic cars and are younger? And i wonder if there will be the same amount of buyers in 10/20 years when it's a hassle to own these cars (As is already in many European cities)? Will people born in 2000, who will then be 35/45 be interested in a Dino? It's hard to answer that for me as i love those cars so obviously i want to say yes but im not those people.
I talk to a lot of dudes in their 30's/40's are are really big into the 60's/70's stuff. It helps that I am also very much into that "scene" still, but there has been a definitive bleed out of my millennial groups into the 80's and 90's cars, because those were their poster cars. That said, the only thing keeping most of them on the sidelines from that early 911 or Dino etc. is money. I believe over the next 10-15 years, with a shift of capital from Boomers, the money and yearning will still very much exist for the younger crowd to go after those older cars.
