Is it just me or are classic car prices not on the rise anymore? Some would say, people with money are holding it a little tighter these days. Not sure it's a bubble, but it doesn't feel the same to me...
Dan
Dan
Currently. I guess the "urgency" of the buy feels different.Compared to what?
Compared to say 5 years ago, big rise. Musclecars, hot rods, exotics, euro cars.
Compared to say...last year? Hard to say. May be the same.
Super rare cars will always climb in value because in the future money will still be money
Perhaps cars from the 60s and 70s and ??? are becoming like antiques. A friends's mother died recently. House filled with once expen$ive, rare antiques. Dealers said expect quarters on the dollar. See the Real Estate Section of Sunday's NYTimes. Expensive loft in trendy neighborhood filled with antiques was not moving. The Agent photoshopped the furniture out, added a couple of pieces, loft sold in weeks. Same story with another apartment.i would assume a status quo in the sub 50k ( the mass )and above 500k ( the happy few) … but i see many new ad's " for sale" in the 100...300k range. There is probably the danger loosing a lot of $$$$ .... with a hesitating market. Many cars in that range are over estimated with the good years and really not worth that kind of money. Just to show of at meetings , you "can" afford it... or ever believed it was a good investment.... i am sure glad i don't have a 200k oldtimer....
A friend has an '86 911 Turbo. Says it was once worth about $110k, now around $80k, all in about two or three years.Go look up a good 993 or any aircooled Porsche
Unicorns. There will always be special cars that get special prices. All I'm referring to is that the "buzz" of prices going up seems to be diminishing. But that's just my take, wondering what others felt. Seems like most of you think the classics/exotics market is still going strong.Cars of the late 70s, 80s, and early 90s (especially Japanese sports cars) are all going up.
Trucks as well.
Just look at these crazy prices!
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Is it just me or are classic car prices not on the rise anymore? Some would say, people with money are holding it a little tighter these days. Not sure it's a bubble, but it doesn't feel the same to me...
I am no expert, and don't track with a spreadsheet (or any method, really). But I, too, have felt that the things (sales) I pay attention to have seemed to level off and even dip a bit.Is it just me or are classic car prices not on the rise anymore?