Mad Prices - or Good Investments ?

[Disco]

no where near the same scale, but bmw e46 m3 csl's are on the rise and the z3m coupe's seem to have hit bottom and started going up again too (dependant on condition of course)

tell me about it - I saw a Z8 the other day at 130k... it was only a couple of years when they were kicking around the 70 mark.

man, I should be into classic car buying - all the cars I like just shoot up in value... anyone on here fancy backing me financially?

[smallspeed]

i'll tell you what.. you tell me what you like, i'll buy 2 or 3 of them, then sell one to you 5yrs later
z8's are hellish money, but what a great looking car!! and they come with THAT engine

[Mike]

Would take a DB4 any day over a 5

You just missed this one Steve....

How old is that ad?

not sure just I page I have laying around but no date, I'm guessing late 90's. Also on the
page the last unregistered McLaren F1 for £500,000 and a Porsche 959 for £87,000.

[left4dead]

Didn't have me there, Mike. Not for a second.

I think the ad above for four DB6s with a range of £16,950 - £35,000 helped though!

Who was the dealer? Are they still trading?

[Mike]

Who was the dealer? Are they still trading?

http://www.runnymedemotorcompany.com/

[left4dead]

Of course, thanks.

[MonkeyChap]

In 1994, I saw a Dino on the forecourt of a used car dealers in Uxbridge. It stood out amongst the Sierras and Escorts, as you can imagine. They wanted the princely sum of £13,995. As a research student, it was way out of my reach. Funnily enough, they've stayed out of reach ever since.

[veryporky]

They're all mad prices ...

- still kicking myself for turning down this DB4 for £900 (I could probably have got it for £850) !

So when was that

[Lightweight_911]

They're all mad prices ...

- still kicking myself for turning down this DB4 for £900 (I could probably have got it for £850) !

So when was that

- a long time ago !

It was ~ '95 - the car belonged to a customer of mine (a member of the Laura Ashley family).

It had supposedly been fully restored by an acknowledged Aston Martin 'specialist' but virtually everything on the car was wrong ...

[squirdan]

this is an extract from an email I received this morning promoting a Fine Wine Fund. It references a new book called SWAG (silver, wine, art, gold) written by the former chief economist of one of the world's most successful hedge funds. Yet..everything that is mentioned is also applicable to classic cars. And even better...unlike wine in bond, you can actually use and enjoy your car !

"Joe Roseman (head Economist at Moore Captital from 1998 to 2010) has just published a book called SWAG, an acronym for Silver, Wine, Art and Gold. He argues that the current era of financial repression, when governments keep interest rates below inflation, and money printing through quantitative easing (QE) is likely to last longer than investors realise. QE is the only option for governments looking to stimulate nominal GDP and pay down debt because national indebtedness is too high for real GDP growth to occur fast enough. In such an environment, capital preservation should be the main investment strategy for the decade ahead, by seeking stores of value, assets which are characterised by scarcity, longevity, physicality, internationality, uniformity, no income stream, no inherent debt and of no currency denomination. These are the assets that should benefit, due to their scarcity in relation to the increased supply of fiat currencies. Those who benefit from money printing the most are in turn those that do the printing, borrowers and the rich i.e. governments and those that own inflation hedging assets"

[Tosh]

I read a reaction last week to Benanke announcing further "printing": "the price of Warhol's will go up, but it won't help the guy in the street"

However, I've also read that the outcome will be "deflation of the things you don't need and inflation of the things you do"!

[stuby]

early 2 door range rovers are going up like rocket ships...

have seen £70k+

Not all of them - I know of one in particular with a 'celebrity' owner that's worthless - along with the same owners Rolls Corniche - the new owner must be suicidal having paid £160k for it.....

Stu

[Bootsy]

early 2 door range rovers are going up like rocket ships...

have seen £70k+

Not all of them - I know of one in particular with a 'celebrity' owner that's worthless - along with the same owners Rolls Corniche - the new owner must be suicidal having paid £160k for it.....

Stu

The new owner of said Corniche isn't coming over too well in the press. If I were him I'd keep quiet

Not sure if anybody on here follows the HAGI index? I received my latest update the other day and it showed a decline in Porsche values which has been unheard of for sometime.

[stuby]

early 2 door range rovers are going up like rocket ships...

have seen £70k+

Not all of them - I know of one in particular with a 'celebrity' owner that's worthless - along with the same owners Rolls Corniche - the new owner must be suicidal having paid £160k for it.....

Stu

The new owner of said Corniche isn't coming over too well in the press. If I were him I'd keep quiet

Not sure if anybody on here follows the HAGI index? I received my latest update the other day and it showed a decline in Porsche values which has been unheard of for sometime.

Too true about the Corniche, best thing they could do is keep quiet, dump the plate off it, delete the previous owners name off the log book and let things cool down a while before considering selling it (at a loss )

Stu

[Roadrunner]

It's been many a year since a DB5 could be had for £100k. Would probably struggle to get a decent DB6 for that price these days, I think.

Would take a DB4 any day over a 5 though... especially this one (although a 'standard' DB4GT would do it, too):

http://www.fiskens.com/pages/showroom/m ... x?pid=1572

Money no object, natch.

That DB4 GT Zagato was shot by a DDKer - me !