Classic car price lunacy

[JeffTT]

What is happening with these crazy prices >>>>>>>>>>>>>>>>

 

http://www.ebay.co.uk/itm/Exclusive-Ford-Cortina-Lotus-Saloon-White-Manual-engine-manufactured-in-1965-/172420413047?hash=item28250eb677:g:uG8AAOSw4GVYN0fK

 

 

£102,000 For a Cortina ! ok yes a Lotus but come on this is getting out of hand surely !

 

Jeff

 

[Stephen]

If that's what someone will pay. TBH though what even 100k in classic car terms, my mates work just had some old Le Man car. Auction opening bid £1.2M. Crazy, crazy money. There's a 1% out there paying £400 for a glass of whiskey served on imported Antarctic ice, there desperate to blow there money on crap and if two or more of them decide they want some old Dagenham dustbin the price goes through the roof.

[Gaz 300]

Yes it is mad at the moment but cant last.

[SteveE]

That's serious money even with FIA papers, but crazy for a stock version.

[JeffTT]

Yes it is mad at the moment but cant last.

 

Yes I agree, since these current mad prices started the amount of classic and less than classic cars that have surfaced is a surprise, and to me actually could have a negative effect, not that long ago a lotus Cortina was a rare, rare beast, maybe one or two popping up, there is 5 on Ebay right now, and classic car sites maybe a few dozen more, seems to me many of these cars are not as rare as previously thought.

 

It could implode very suddenly with a combination of over stock and a change in the interest rates etc. then some 100k cars suddenly worth a lot less and buyers again waiting another 20 years for the prices to return, or I could be wrong who knows ??

 

Jeff

[TheRealNips]

I blame the scrappage scheme. Its made lots of old cars disappear over night and therefore become rare. On top of that right now what can you invest your money in? Banks are offering 1% if you are lucky.... Property is through the roof and becoming a landlord is a lot of hassle AND there are more fees for the landlord now. so whats left? Invest in an old classic car that you know wont loose money...

[nickz32]

While everyone fears the next financial market meltdown, classic and rare cars will continue to rise in stock as they're seen as a safer investment than stocks and shares, and to a degree, property aswell.

 

It's far more likely that the Chinese stock market will crash again than the bubble bursting on valuable cars. Until that changes, prices will keep rising

[znut]

Theres been a terrible hike in the American car prices over here the last 18 months too...not even muscle cars either:huh: A typical example is the old classic 77-78 Trans-Am...there fetching anything from 15-25K:shock: Another is the K5 Chevy Blazer which are doing 10K along with early 90,s Bronco,s

[Stephen]

Even the Gen 3 F-Bodies that used to be quite reasonable are shooting up. Few years back you could get a 91 Camaro IrocZ for like £4-5k, not now.

[Sir Charles]

I seen an RS500 the other day for £250k, granted it was mint and low mileage....but those cars were crap even when new

[TubZ]

It's the Welsh number plate that increases the value boyo!

[RichardS]

Fast classic Fords are definitely on the up right now.....

 

......Even the old 1980s XR3s and RS Turbos are fetching better money than they went for new. And if you want a tidy final edition Capri 280 in Brooklands Green, be prepared to shell out some serious £££s. There are plenty of folks, in their mid-40s like me, who suddenly develop a mid-life crisis and decide to relive their youth. Hence start looking nostalgically at the hot cars from that era, that they could never have afforded back then. But can now! However since most of those cars have either rusted away - or were driven into trees back in the day - there are fewer left to chose from. And many of those that remain, are the enthusiast-owned, pristine examples; and so command a premium price tag.

 

Supply and demand, basically - and the same will happen with 1990s Japanese super-coupes in the not too distant future as well....:wink:

[182stevecup]

Fast classic Fords are definitely on the up right now.....

 

......Even the old 1980s XR3s and RS Turbos are fetching better money than they went for new. And if you want a tidy final edition Capri 280 in Brooklands Green, be prepared to shell out some serious £££s. There are plenty of folks, in their mid-40s like me, who suddenly develop a mid-life crisis and decide to relive their youth. Hence start looking nostalgically at the hot cars from that era, that they could never have afforded back then. But can now! However since most of those cars have either rusted away - or were driven into trees back in the day - there are fewer left to chose from. And many of those that remain, are the enthusiast-owned, pristine examples; and so command a premium price tag.

 

Supply and demand, basically - and the same will happen with 1990s Japanese super-coupes in the not too distant future as well....:wink:

 

There is hope for my car after all....

[Gaz 300]

I like this but not at that price :scared:

 

http://www.classicandsportscar.com/classifieds/classic-cars/peugeot/205/peugeot-205-gti-1-6-1989/6030136

 

 

[Sir Charles]

I like this but not at that price :scared:

 

http://www.classicandsportscar.com/classifieds/classic-cars/peugeot/205/peugeot-205-gti-1-6-1989/6030136

 

 

[ATTACH=CONFIG]103732[/ATTACH]

 

Haha they are on crack if they think it is worth that

[JeffTT]

Crazy valuation there ! for 28k you could have a Vantage !!!

 

http://www.ebay.co.uk/itm/Aston-Martin-Vantage-4-3-V8-Manual-Coupe-/162263334766?hash=item25c7a5ff6e:g:mWMAAOSwnbZYF1mg

 

 

 

or for a few grand more than the pug this beast !!!!!!!

 

http://www.ebay.co.uk/itm/2005-ASTON-MARTIN-V8-VANTAGE-/282296593648?hash=item41ba302cf0:g:E0IAAOSwNRdYBi1q

 

 

[Stephen]

I like this but not at that price :scared:

 

http://www.classicandsportscar.com/classifieds/classic-cars/peugeot/205/peugeot-205-gti-1-6-1989/6030136

 

 

[ATTACH=CONFIG]103732[/ATTACH]

 

Overrated French crap imo.

[Gaz 300]

May be the money is in older classic's. Like this nice British Classic.

 

http://www.classicandsportscar.com/classifieds/classic-cars/rover/3500/rover-p6-3500-auto-1972-mexico-brown-with-beige-leather-lovely-condition-throughout/6223274

[Mondo]

Haha they are on crack if they think it is worth that

 

You're turning into a right grumpy bugger these days, Dean! :lol:

[Sir Charles]

You're turning into a right grumpy bugger these days, Dean! :lol:

 

I know it could be because I don't have a Z32 anymore