Go Back   The Supercar Registry > General Discussion > Supercar/Musclecar Discussion


Reply
 
Thread Tools Display Modes
  #11  
Old 08-07-2019, 01:51 PM
William William is offline
Yenko Contributing Member
 
Join Date: Jun 2001
Location: New Berlin WI USA
Posts: 2,468
Thanks: 194
Thanked 2,113 Times in 664 Posts
Default

Advance your portfolio…tangible asset…short fall from the investment…grow in value…growth assets.

Not picking on you Roy, but buyers who think like this pushed enthusiasts out of the market a long time ago. Maybe they are getting their comeuppance. I remember when enthusiasts bought cars they wanted and could afford them.

Craig Jackson writes an editorial "View From The Block" that appears on line and in each event catalog. He has clearly stated their position on the future of the collector car hobby.

"The trends we saw so clearly in Scottsdale continued to fire up bidders in Florida, with nine of the top 10 sales falling into the hot categories of Resto-Mods, contemporary supercars, ’80s and ’90s vehicles, and classic trucks and SUVs."
Reply With Quote
The Following 2 Users Say Thank You to William For This Useful Post:
scuncio (08-10-2019), TMagda (08-23-2019)
  #12  
Old 08-07-2019, 03:23 PM
bergy's Avatar
bergy bergy is online now
Yenko Contributing Member
 
Join Date: Feb 2005
Location: Pennsylvania, Florida
Posts: 2,674
Thanks: 611
Thanked 1,113 Times in 327 Posts
Default

I agree with William - I've never viewed my cars as "investments". They are my hobby & I get a lot of enjoyment out of restoring, driving, and displaying them. I refuse to build more storage, so some have to go when I find new ones to restore. Hopefully, they are worth more when I sell them than I have invested in them - but it doesn't always work out that way (especially when I factor in my "free" labor). For me, they are a way to "park" money that is invested in enjoyment and quality of life.
Reply With Quote
The Following 13 Users Say Thank You to bergy For This Useful Post:
iluv69s (08-10-2019), jerry455 (08-07-2019), L78M22Rag (08-09-2019), my70454ss (08-09-2019), NorCam (08-09-2019), olredalert (08-07-2019), PeteLeathersac (08-08-2019), Rumbleguts396 (08-07-2019), scuncio (08-10-2019), SeattleCarGuy (08-20-2019), Thomas (08-08-2019), TMagda (08-23-2019), Xplantdad (08-07-2019)
  #13  
Old 08-07-2019, 04:06 PM
Late BrakeU2 Late BrakeU2 is offline
Yenko Contributing Member
 
Join Date: Feb 2004
Location: Malibu CA.
Posts: 1,117
Thanks: 9
Thanked 100 Times in 52 Posts
Default

I think the reality is boomers are the one's who drove this market for years,they are declining in numbers through death or immobility. Lot's of large collections liquidating last decade or so, pedigree cars will always command a premium but can't see a resurgence any time soon as younger people just don't identify with these. They are already a half century old, and there are some amazing contemporary cars out there now. Agree with CL the BM cars never held the cache' of line built supercars, but the trend is not our freind to coin a stock trading term.JMHO
Reply With Quote
The Following 6 Users Say Thank You to Late BrakeU2 For This Useful Post:
AutoInsane (08-07-2019), PeteLeathersac (08-07-2019), Thomas (08-08-2019), Tidmack (08-08-2019), TMagda (08-23-2019), Xplantdad (08-07-2019)
  #14  
Old 08-08-2019, 01:59 AM
rsinor rsinor is offline
Yenko Contributing Member
 
Join Date: Dec 2005
Location: Owasso, OK
Posts: 125
Thanks: 108
Thanked 63 Times in 19 Posts
Default

No argument from me, just what I feel and see. The disposable income is not buying collector cars. The dot com money is in the rest-o-mods and they are nothing more than current day hot rods of yesteryear.

None of us got in the Hobby for the money, your right. But don’t ever doubt the prices were not driven by the money and in some cases greed.

My initial response was to a comment that the Baldwin motion cars seemed soft.

I think all collector cars are soft except for the very top shelf and even those don’t seem to have buyers.

So maybe the owners are getting theirs as you wish.
__________________
Roy Sinor
ENJOY LIFE NOW........IT DOES HAVE AN EXPIRATION DATE, SO......
LIVE WELL, LOVE MUCH, LAUGH OFTEN

Sinor Prestige Automobiles Inc.
9575 N 177th E. Ave.
Owasso, OK 74055
918-361-6424 cell
[email protected]
www.sinorprestigeauto.com

Last edited by rsinor; 08-08-2019 at 02:12 AM.
Reply With Quote
The Following User Says Thank You to rsinor For This Useful Post:
Steve Shauger (08-08-2019)
  #15  
Old 08-08-2019, 03:55 AM
Astock Astock is offline
Senior Member
 
Join Date: Oct 2002
Location: S.Calif.
Posts: 843
Thanks: 62
Thanked 210 Times in 122 Posts
Default

Younger guys in the hobby will have their pick of cars soon enough.
Supply and demand will be out of balance with every year passing. New cars knocking on 1,000 horse, doesn't help.
I wonder if 4 speed cars will be harder to sell than autos in 15-20 years?
Reply With Quote
The Following User Says Thank You to Astock For This Useful Post:
Tidmack (08-08-2019)
  #16  
Old 08-08-2019, 03:19 PM
Tenney Tenney is offline
Yenko Contributing Member
 
Join Date: Dec 2001
Posts: 1,613
Thanks: 6,058
Thanked 714 Times in 277 Posts
Default

https://www.cnbc.com/2019/08/06/jay-...he-future.html
Reply With Quote
The Following User Says Thank You to Tenney For This Useful Post:
Lee Stewart (08-08-2019)
  #17  
Old 08-08-2019, 11:35 PM
tjs44 tjs44 is offline
Yenko Contributing Member
 
Join Date: Nov 2003
Location: long beach,ca
Posts: 895
Thanks: 3
Thanked 171 Times in 73 Posts
Default

Anyone on here buy my old 69T/A with the RA V engine in it?Tom
Reply With Quote
  #18  
Old 08-09-2019, 10:07 AM
Lee Stewart's Avatar
Lee Stewart Lee Stewart is offline
Senior Member
 
Join Date: Mar 2017
Location: ABQ, New Mexico
Posts: 36,633
Thanks: 3,506
Thanked 136,486 Times in 22,778 Posts
Default

Road to 2030: Buyers are moving into driver’s seat at collector car auctions

We have gone through a period of time where the auction companies, which for lack of a better term have largely been car dealers who have gotten into auctions, have been telling everyone else what cars are worth. I think there’s going to be a significant shift, a shift toward people and authenticity.

I think we’re already seeing that shift, a shift to where people — collectors and buyers — will be put back into the driver’s seat and the auctioneers are going to take what I believe is an appropriate role, that of more of a guide rather than telling people what to do, which happens through such things as pre-auction estimated values.

At Worldwide Auctioneers, we have eliminated printed auction estimates. It’s my opinion that the origin of estimates is not what people think it is. Such estimates cause problems, unrealistic expectations. Bidders and buyers should get to decide what something is worth in an auction format.

That’s going to be one of the biggest shifts, power going to the collector and the buyer, and that’s what I think auctions should be. We should be helping and guiding the collector buyers.

We also need to remember this is a hobby business. Regardless of how many millions or billions of dollars are transacted in our industry, it’s not like a normal business. This is a hobby. The people stroking the checks — the bidders and the buyers — are going to be increasingly in the driver’s seat.

Quote:
No. 1, we’re talking about age. But it’s never really been any different. I’m a life member of the Auburn Cord Duesenberg Club and there was an article in the monthly newsletter about how the collectors are getting older and asking who is going to take care of these cars? That article was written in the late 1960s!
https://journal.classiccars.com/2019...-car-auctions/
Reply With Quote
  #19  
Old 08-09-2019, 11:18 AM
JoeC JoeC is online now
Senior Member
 
Join Date: Apr 2000
Location: ri
Posts: 3,582
Thanks: 323
Thanked 1,627 Times in 482 Posts
Default

The collector car equity funds may change things

I don't think they got into American cars yet as the asset lists show mostly foreign cars

https://www.bloomberg.com/news/featu...a-share-for-80
Reply With Quote
  #20  
Old 08-09-2019, 11:34 AM
JoeC JoeC is online now
Senior Member
 
Join Date: Apr 2000
Location: ri
Posts: 3,582
Thanks: 323
Thanked 1,627 Times in 482 Posts
Default

Quote:
Originally Posted by AutoInsane View Post

BM 1973 Camaro Phase III $82,500 Sold

Wow... what happened here’s? Two documented cars from the prominent Todd Werner collection sell for 1/2 of fair market value???

Pries do not include 10% premium
That selling price is pretty high for what it is, in my opinion


" the Camaro was not Baldwin-Motion and was built by a mechanic who worked at Motion for himself, copying Baldwin-Motion mods. It's not a car that was sold by Motion or Baldwin Chevrolet." Martyn Schorr
Reply With Quote
The Following 3 Users Say Thank You to JoeC For This Useful Post:
DW31S (10-10-2019), John (08-10-2019), purple panther (08-09-2019)
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 11:08 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.

O Garage vBulletin Plugins by Drive Thru Online, Inc.