Ridiculously overpriced used cars

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Eunos_Cosmo
A more abstract question, but I wonder what the long term outlook at classic car values is going to be - especially the more vintage eras. In 20 years are people still going to really want 50s & 60s racing cars, for instance? Who? The Baby Boomer generation has an obvious sentimental attachment to the cars of their youth and I question if the values will be sustained after they've passed. Of course stuff like V12 Ferraris will remain valuable but there's a lot of obscure stuff from that time period that I find it hard to believe anyone from the Gen X or Millennial cohort will care enough about to pay big dollars for. Will an R34 GTR ever become more valuable than a Ferrari 250 series? Maybe not. More than something like a 330 GTC? I think it's quite possible.
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Bringing this discussion back - Paywalled, but I think we're going to start finding out about the long term value of classic cars after the baby boomers have passed.

The Great Wealth Transfer Includes $570 Billion in Classic Cars

I'm still firmly of the opinion that many, perhaps even most classic cars, particularly pre-1960s, will eventually be worth next to nothing. They'll have some sentimental value for some people, but will be a burden on most everyone who inherits.

That said, I think we might actually see a near-term bump with the new fed chair likely easing monetary policy which seems to always prop up asset values. But I think values will steadily decrease over the next 30 years (vs inflation) unless we're talking truly rare and desirable models.
 
This was sold for £3,492,500 GBP

They gave a discount because the paint is so severely damaged :D

There doesn't seem to be any limits of insanity with these air cooled special model prices. 993 GT2 was sold previously for 2.3 million but this made a new record.

rmsothebys.com

1993 Porsche 911 Carrera RSR 3.8 'Strassenversion' | The Woodcote Park Auction 2026 | RM Sotheby's

1993 Porsche 911 Carrera RSR 3.8 'Strassenversion' for sale at RM Sotheby's The Woodcote Park Auction
rmsothebys.com

7et26Tp.jpeg
 
Apocalypse211
This was sold for £3,492,500 GBP

They gave a discount because the paint is so severely damaged :D

There doesn't seem to be any limits of insanity with these air cooled special model prices. 993 GT2 was sold previously for 2.3 million but this made a new record.

rmsothebys.com

1993 Porsche 911 Carrera RSR 3.8 'Strassenversion' | The Woodcote Park Auction 2026 | RM Sotheby's

1993 Porsche 911 Carrera RSR 3.8 'Strassenversion' for sale at RM Sotheby's The Woodcote Park Auction
rmsothebys.com

7et26Tp.jpeg
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I read it’s 1 of 2. 10 kilometers on the car. Delivered new to customer in 1996. It got parked.

A car sitting is gonna have some oil leaks potentially.

But looking at the pictures it mostly looks like dust. I don’t think the paint is severely damaged. So I googled it and this is what came up.

Is it ridiculous price? I honestly don’t know but 1 of 2 in the world is pretty damn rare.
 

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No I don't think it's ridiculous at all. It's capitalism. Are those prices insane? Yes, for a regular guy like me. But there are so many people with a lot of spare money.

I just put it into this thread because many people think Porsche 993 and 964 actually are ridiculously priced cars these days. I don't agree but since that discussion was going on in this thread I thought it was a good fit.

You may be right about the paintwork, it can be just dirt.

In the last 15 years I've heard all the time "how the air cooled bubble is going to burst". Since these talks started, the prices have doubled or tripled. There are only about 30K 964 and 993 manual coupes of each. Like I said, they were hand manufactured cars and there simply aren't that many of them (compared to new 911's).
 

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Apocalypse211
No I don't think it's ridiculous at all. It's capitalism. Are those prices insane? Yes, for a regular guy like me. But there are so many people with a lot of spare money.

I just put it into this thread because many people think Porsche 993 and 964 actually are ridiculously priced cars these days. I don't agree but since that discussion was going on in this thread I thought it was a good fit.

You may be right about the paintwork, it can be just dirt.

In the last 15 years I've heard all the time "how the air cooled bubble is going to burst". Since these talks started, the prices have doubled or tripled. There are only about 30K 964 and 993 manual coupes of each. Like I said, they were hand manufactured cars and there simply aren't that many of them (compared to new 911's).
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True but this one was that 1 of 2 made version. Roll bar etc. so is damn near one of a kind.

But I’m with you on prices. Even just daily drivers, I see cars for $35,000 and they have 250,000kms on them. All I can think is whhhaatt?!
 
Apocalypse211
No I don't think it's ridiculous at all. It's capitalism. Are those prices insane? Yes, for a regular guy like me. But there are so many people with a lot of spare money.

I just put it into this thread because many people think Porsche 993 and 964 actually are ridiculously priced cars these days. I don't agree but since that discussion was going on in this thread I thought it was a good fit.

You may be right about the paintwork, it can be just dirt.

In the last 15 years I've heard all the time "how the air cooled bubble is going to burst". Since these talks started, the prices have doubled or tripled. There are only about 30K 964 and 993 manual coupes of each. Like I said, they were hand manufactured cars and there simply aren't that many of them (compared to new 911's).
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And I thought Covid-era prices were delusional....
 
Apocalypse211
I just put it into this thread because many people think Porsche 993 and 964 actually are ridiculously priced cars these days. I don't agree but since that discussion was going on in this thread I thought it was a good fit.

In the last 15 years I've heard all the time "how the air cooled bubble is going to burst". Since these talks started, the prices have doubled or tripled. There are only about 30K 964 and 993 manual coupes of each. Like I said, they were hand manufactured cars and there simply aren't that many of them (compared to new 911's).
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There are other factors that have been raising the prices of any enthusiast cars, particularly 964s and 993s. The glaring one is donor cars for restomods. Everyone is doing restomods and "reimaginings" of enthusiast cars. Singer has bought up as much of the supply of decent and driver-grade 964s out there as they can, leaving only the rarest and highest valued versions left. Same with 993s with both Guntherwerks and Tuthill, Land Cruisers and Broncos by Icon, among others. The overall supply is shrinking (cars and spare parts), which raises the price of everything. Global Inflation of currency isn't helping either.
 
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