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I worked with Jim to buy a Porsche 911 Cabriolet; I’d been looking for a Cabriolet in great condition for about a year and contacted Jim. Working with him via text, email and phone was simple and streamlined plus he’s a very interesting guy who is genuinely passionate about cars and about a straight forward sales process. I’d never purchased a car sight-unseen from an out of state seller — so I had some reservations, however Jim said all the right things, produced all the right support and responded quickly. The entire process took less time than I originally thought it might and the car exceeded my expectations. Thank you again, Ann (Cincinnati, Ohio) March 13, 2018

Classic and Collectable Cars - Bursting Bubble or a Market Correction?

10/13/2017
Richard N Hawken
We think not, markets [even cars] move in cycles of on average 4 to 6 years. The start of the last cycle can be traced back to August 2009 when you could have picked up a good low-mileage Ferrari F50 for around £400k. Today the same car will set you back around £2m, evidence the top of the market remains robust, away from the casual observer. 

The major classic car indexes recorded their peaks during auctions of Q3/Q4 2015, since then, cumulatively prices have been easing. The differentiator is good cars are falling in value, but great cars have decoupled, increasing in both demand and value. Rising prices over the last few years has brought a number of “average” cars to the market, non-matching, non-original colours, modified etc. which are then being sold at completely new auctions. This nouveaux lack of experience and quality is obscuring the data downwards as true collectors/investors are simply “passing” patiently awaiting superior metal.

Publicized sales such as the 993 GT2 which RM sold for £1.8m in late 2016 only serves to compound the issue as average cars hit auctions with increasing low reserves – which then don’t sell lowering average sell-through rates, causing concern and whispers of bursting bubbles. It’s also worth bearing in mind we have seen recent weakness in other luxury goods asset classes such as London real-estate and fine art for example.

Collectively the data points suggest middle of the road collectable cars will continue to underperform for the next 12 to 18 months or at least until “value” is once again perceived in them.
 
 
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RACING TIRED TIRE
LET US HAND PICK YOUR NEXT REGULAR CAR OR CLASSIC, SPECIAL INTEREST CAR
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Listen to John, Will & Derek discuss a range of Classic-Exotic-Antique Car topics.  They have over 75 years experience Restoring, Conserving and Building cars... Listen each week to "Bare Knuckled" discussions on the Car Hobby.
DATSUN Z CAR THROUGH CHARLOTTES WEB BARBER MOTORSPORTS PARK
BRUNOS PORSCHE 914 ON TRACK
ENGINEER DISCUSSING STRATEGY WITH DRIVER
MARLBORO VINTAGE INDY CAR
GAINSCO RACING CONTINENTAL CHALLEGE WINNING CAR PROTOTYPE
HOT HOT SMOKING BRAKES ON PORSCHE GT
PARNELLI JONES VINTAGE INDY CAR
ORANGE SWING FORMULA VINTAGE DRIVEN BY BOBBY RAHAL
EXPRESS OIL FORMULA TYPE CAR ON TRACK
INDY CAR SHADOW NUMBER 17
CONTINENTAL SERIES PROTOTYPE MCDONALDS CAR READY TO GO
João Barbosa (born 11 March 1975 in Porto, Portugal) is a Portuguese auto racing driver. He currently competes in the United SportsCar Championship for Action Express Racing alongside Christian Fittipaldi, with which he claimed both the drivers