overpriced or collector's dream?
02-21-2010, 08:50 PM
#1
TellinItLikeItIsSince1/06
Thread Starter
overpriced or collector's dream?
post cars you've seen with ridiculous prices or ridiculously low mileage for age and rarity of the car. i wanna hear what you guys think, overpriced or collector's dream? here are some I have found (click links):
1988 porsche 959s 5970miles $525,000
1994 Toyota Supra TT 8900miles $66,991
2006 E46 BMW M3 4400miles $41,950 white on red leather
1966 Shelby Cobra 427 37,859miles $795,000
2002 Porsche 996 Turbo rally car 2000miles $175,000
1991 Acura NSX built by Spoon 973miles $125,000
1988 porsche 959s 5970miles $525,000
1994 Toyota Supra TT 8900miles $66,991
2006 E46 BMW M3 4400miles $41,950 white on red leather
1966 Shelby Cobra 427 37,859miles $795,000
2002 Porsche 996 Turbo rally car 2000miles $175,000
1991 Acura NSX built by Spoon 973miles $125,000
02-21-2010, 09:34 PM
#2
Senior Moderator
02-21-2010, 10:51 PM
#7
Whats up with RDX owners?
iTrader: (9)
Ill take the 959 please.
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02-21-2010, 10:59 PM
#9
I saw that Supra on craigslist several months ago, ad by the same exact dealership. They're reaching, but maybe someone will buy it. Either way they don't have much to lose by having such a pristine icon of Toyota's former glory days in the showroom.
wow, they have a 959 and what looks like an original Cobra though. Those'll fetch a high sum
wow, they have a 959 and what looks like an original Cobra though. Those'll fetch a high sum
02-21-2010, 11:10 PM
#10
The entire collector car market has changed the past few years. It has evolved from being a ludicrous self indulgent example of excess, to finally heading in a direction to where the values are much more realistic. I know of cars that are selling 20-50 cents on the dollar from where they were four short years ago. Anyone one remember Ray Allen's 1970 Chevelle SS race car that sold at Barrett-Jackson four years ago for 1.1 mil? It was recently sold a few months ago. For around one-quarter of that price. Hemi Challengers are selling at a reduction of up to 70 percent where they were selling four years ago. And it's about bloody time.
The collector car market will always have standouts and exceptional vehicles. And these vehicles will always fetch high dollars. But the days of just any car, simply because of it's age or perceived rarity, skyrocketing to value is over. Well, until the next big boom.
Cars with a particular provenance or race history will always do well. As will cars that had an influence on the automotive landscape. Out of the list supplied by the OP, only the 996 has a race history and is probably worth the asking price. The '66 Cobra is overpriced by one to two hundred thousand, especially since the only part of it's history remotely interesting is it's involvement with Tasca Ford. The 289 cars had much more of a racing history and dominated almost every class they entered.
Certain collector cars will always be desirable and their values increase over time, but I hope it won't be as foolish as before. Until then, there's a pronounced glut of stuff that needs to be sold. And unfortunately for many sellers, they were purchased during the heyday a few years ago.
Terry
The collector car market will always have standouts and exceptional vehicles. And these vehicles will always fetch high dollars. But the days of just any car, simply because of it's age or perceived rarity, skyrocketing to value is over. Well, until the next big boom.
Cars with a particular provenance or race history will always do well. As will cars that had an influence on the automotive landscape. Out of the list supplied by the OP, only the 996 has a race history and is probably worth the asking price. The '66 Cobra is overpriced by one to two hundred thousand, especially since the only part of it's history remotely interesting is it's involvement with Tasca Ford. The 289 cars had much more of a racing history and dominated almost every class they entered.
Certain collector cars will always be desirable and their values increase over time, but I hope it won't be as foolish as before. Until then, there's a pronounced glut of stuff that needs to be sold. And unfortunately for many sellers, they were purchased during the heyday a few years ago.
Terry
02-22-2010, 01:29 AM
#14
The 959 I could believe considering they're not even legal in the US. Some of the others just seem to be so high priced because of the difficulty finding them with those kind of miles.
The Toyota & the M3 are ridiculous.
The Toyota & the M3 are ridiculous.
02-22-2010, 12:22 PM
#18
Whats up with RDX owners?
iTrader: (9)
http://jalopnik.com/5468487/how-ofte...-on-craigslist
Last edited by civicdrivr; 02-22-2010 at 12:25 PM.
02-22-2010, 12:50 PM
#19
The sizzle in the Steak
959...I'll take it....the rest are meh.
02-22-2010, 01:44 PM
#21
Suzuka Master
That E46 M3 is ridiculously overpriced.
Even with a desirable color combo and low mileage I wouldn't pay more than 30 for it.
Even with a desirable color combo and low mileage I wouldn't pay more than 30 for it.
02-22-2010, 01:52 PM
#22
Whats up with RDX owners?
iTrader: (9)
02-22-2010, 07:11 PM
#25
AZ Community Team
It was dated looking when it came out but pretty amazing technology in it's time.One of wife's college classmates went to Microsoft and worked his way into senior management. Bill Gates bought a 959, and tried repeatedly to take possession of it. It sat in some warehouse in Seattle for years, the feds won't even let him take it home for display. One of the things Gates did to try to please the feds was he had some Microsoft folks do a computer simulation/modeling of a crash test using the 959 design data (with data supplied by Porsche no less, they were interested in FEA for car scale models). Feds really liked the simulation but still said no, it was a real touchy topic at Microsoft no one dare bring talk about it near Gates.
Not sure if Gates still has the 959 but the Feds changing the import law for gray market cars to the "show and display" category I assume he still has it.
02-22-2010, 07:46 PM
#26
Suzuka Master
It was dated looking when it came out but pretty amazing technology in it's time.One of wife's college classmates went to Microsoft and worked his way into senior management. Bill Gates bought a 959, and tried repeatedly to take possession of it. It sat in some warehouse in Seattle for years, the feds won't even let him take it home for display. One of the things Gates did to try to please the feds was he had some Microsoft folks do a computer simulation/modeling of a crash test using the 959 design data (with data supplied by Porsche no less, they were interested in FEA for car scale models). Feds really liked the simulation but still said no, it was a real touchy topic at Microsoft no one dare bring talk about it near Gates.
Not sure if Gates still has the 959 but the Feds changing the import law for gray market cars to the "show and display" category I assume he still has it.
Pretty sure he does since he as well a few others were instrumental in the creation of the show and display law.
02-22-2010, 07:59 PM
#27
It was dated looking when it came out but pretty amazing technology in it's time.One of wife's college classmates went to Microsoft and worked his way into senior management. Bill Gates bought a 959, and tried repeatedly to take possession of it. It sat in some warehouse in Seattle for years, the feds won't even let him take it home for display. One of the things Gates did to try to please the feds was he had some Microsoft folks do a computer simulation/modeling of a crash test using the 959 design data (with data supplied by Porsche no less, they were interested in FEA for car scale models). Feds really liked the simulation but still said no, it was a real touchy topic at Microsoft no one dare bring talk about it near Gates.
Not sure if Gates still has the 959 but the Feds changing the import law for gray market cars to the "show and display" category I assume he still has it.
I believe he still does, at least as recently as a few years ago. I recall reading he was driving it aggressively and ended up sticking it into a ditch.
Terry
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