Ann from Cincinnati says:

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) 

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.
 
 
United States of America Flag Parachute
JIM LOWREY RACING PHOTOGRAPHY
1980 Chevrolet Nova Road Racing, SCCA, Pirelli Challenge
Jim Lowrey Racing Photography
Jim Lowrey Racing Photography
Indy Race Courtney Force and Robin Miller
EXPRESS OIL FORMULA TYPE CAR ON TRACK
CONTINENTAL SERIES PROTOTYPE MCDONALDS CAR READY TO GO
Indy Car Racing Takuma Sato #30
Jim Lowrey Racing Photography
PORSCHE GT
#12 Will Power Indy Car Race Barber Motorsports Park
LET US HAND PICK YOUR NEXT REGULAR CAR OR CLASSIC, SPECIAL INTEREST CAR
Team Owner David Letterman
Jim Lowrey Racing Photography
RACING TIRED TIRE
HELMET GLOVES STEERING WHEEL READY TO RACE
GAINSCO RACING CONTINENTAL CHALLEGE WINNING CAR PROTOTYPE
PARNELLI JONES VINTAGE INDY CAR
Jim Lowrey Racing Photography
Indy Car Owner Chip Ganassi
Paul Tracy NBC Indy Car Commentator   Paul Tracy CART Paul Tracy Former Indy Race Driver
Indy Driver Graham Rahal  #15 Indy Series  Graham Rahal
Jim Lowrey Racing Photography
MARLBORO VINTAGE INDY CAR
ENGINEER DISCUSSING STRATEGY WITH DRIVER