D.L. from Florida says:

FANTASTIC! 

Jim, I just wanted to take this opportunity to say THANK YOU for the fantastic experience purchasing the 1966 Ford Mustang GT.  Purchasing a vehicle sight unseen is stressful but your honesty and great communication made the purchase smooth and easy.  You under promised and out performed so the car was truly more than I expected.

 I enjoyed the experience so much that I am looking at your website weekly to see if I can purchase another vehicle from you!!  

THANK YOU very much.... D.L.

 

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.
 
 
Indy Race Courtney Force and Robin Miller
Porsche GT2 Racing Classic Car Store
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.
VINTAGE LOTUS FORMULA HAULING MAIL ON THE TRACK
Porsche GT
JIM LOWREY RACING PHOTOGRAPHY
INDY CAR SHADOW NUMBER 17
PORSCHE GT
HELMET GLOVES STEERING WHEEL READY TO RACE
RACING TIRED TIRE
Porsche GT3 Barber Motorsports
BRAKING SMOKES TIRES
Indy Car Owner Chip Ganassi
ORANGE SWING FORMULA VINTAGE DRIVEN BY BOBBY RAHAL
BRUNOS PORSCHE 914 ON TRACK
EXPRESS OIL FORMULA TYPE CAR ON TRACK
1980 Chevrolet Nova Road Racing, SCCA, Pirelli Challenge
ENGINEER DISCUSSING STRATEGY WITH DRIVER
HOT HOT SMOKING BRAKES ON PORSCHE GT
MARLBORO VINTAGE INDY CAR
1965 Mustang Road Racing, SCCA Racing, Pirelli Challenge
Indy Car Pit Stop Controlled Frenzy
DATSUN Z CAR THROUGH CHARLOTTES WEB BARBER MOTORSPORTS PARK
GAINSCO RACING CONTINENTAL CHALLEGE WINNING CAR PROTOTYPE
Porsche Cayman PCA Club Racing, Porsche Cayman Road Racing, SCCA, Pirelli Challenge