Ford GT vs. S&P 500

dtomaso1 · Aug 6, 2014

Great article about collector car investment growth. Mention of FGT:

http://www.foxbusiness.com/industries/2014/08/05/as-market-expands-classic-car-values-rev-higher/

RPM217 · Aug 6, 2014

dtomaso1 said:
Great article about collector car investment growth. Mention of FGT:

http://www.foxbusiness.com/industries/2014/08/05/as-market-expands-classic-car-values-rev-higher/

Good read, also the NSX gets a nice mention at the end of the article!!!

david b · Aug 6, 2014

Does anyone really think investing in collector cars is a viable investment strategy? Dont get me wrong,,,,, its fun and the few times it works out you feel really smart but its hardly a way to grow your money.

RPM217 · Aug 6, 2014

david b said:
Does anyone really think investing in collector cars is a viable investment strategy? Dont get me wrong,,,,, its fun and the few times it works out you feel really smart but its hardly a way to grow your money.

Buy it because you want to drive it, if it goes up in price.......................icing on the cake!!!

Sinovac · Aug 6, 2014

david b said:
Does anyone really think investing in collector cars is a viable investment strategy? Dont get me wrong,,,,, its fun and the few times it works out you feel really smart but its hardly a way to grow your money.

It can be, but you must treat the cars as investments, and what fun is that? It won't ever work for me because I only buy what I like, regardless of collectibility, and I generally don't sell what I like. So even if a car turned out to be a good investment, I will never realize a profit. My heirs might, but I won't. I did sell a car once for more than I paid. A 1970 Continental Mark III. But I put about $65,000 in gas in that thing, so it doesn't count as a good investment.

Kayvan · Aug 7, 2014

http://www.bloomberg.com/news/2014-08-05/how-to-find-the-best-performing-exotic-investments.html

Xcentric · Aug 7, 2014

Guys who win on a car investment can take pleasure in their luck, not their skill.

In 99.9% of investment gains, the gain would be a loss if true cost accounting was done.

Congrats to the lucky 0.1%. Unless you didn't get to drive your investment.

matteuson · Aug 7, 2014

This hit today and I made several comments on the website:

http://www.sportscardigest.com/collector-car-market-the-beginning-of-the-end/

twobjshelbys · Aug 7, 2014

Hey, remember MoPar Mania? They went up like a rocket and dropped like a rock (not a rocket on a parachute) but now they are back up again. It's a cycle. If you love your car and intend on driving it until you die and leaving it to your estate to figure it out, who cares. If you think it is an investment and want to maximize ROI, then watch the market and cash out when you think it is near the top. Then wait to the bottom and buy again. (I did that on my house in Las Vegas.)

Recall that noone thought anything of Michelangelo, Picasso and Andy Warhol when they were alive ...

In 1970 you could have bought an original 289 Cobra for about 3000 and a 427 for 4000. A GT40 was maybe 5000. They were really just leftover race cars that noone wanted. When Shelby was bringing the 6 Daytona Coupes back on the ship from Europe he almost dumped 'em in the ocean rather than pay import duty (since all but 1 was actually built in Italy).

It's all being at the right place at the right time.

I'm having fun, so like was said, the boost is icing on the cake. I expected to lose money as I have on every other car I've ever owned. Anything else is "icing on the cake".

Kayvan · Aug 7, 2014

On Cobra wiki page, says cars were not a
Commercial success

1989 Daytona prices have stil not been hit, when inflation is included. Mostly Japanese buyers with real estate bubble money ; not disimilar from China's ghost cities bubble

Gene Cassone · Aug 8, 2014

The big difference between 1989 and now: a billion more people in the market; Eastern Europe, Russia, China ( how they love brand names!!), even though less than 0.1% can afford them , Still allot more buyers than cars! Sure to slow and even pullback some but no Hugh crass like 1989.

StormBringer · Aug 8, 2014

Kayvan said:
http://www.bloomberg.com/news/2014-08-05/how-to-find-the-best-performing-exotic-investments.html

Nice to see Dubai property still gaining. When the credit crunch hit there you wouldn't believe all the abandoned supercars left by the roadside. You get jailed for debt in that country. I advised the small players to stick it out but many ex-pats ran back to Britain.

I think anyone buying any automobile for an investment has too much money to play with. lol On my flickr is our black 300SL gullwing it must be worth around 1.6 in it's condition and also in the our ownership since new. I've never sold a car in all my years and I think my grandfather only sold one to Bill Harrah in a trade. But the liability is staggering when I look at the many "classic Ferrari's" purchased from Mr. Luigi Chinetti decades ago. Growing up in Greenwich he along with Mr. Briggs Cunningham was a major influence on me and racing.

In that original article the Jaguar F type R was mentioned as a future classic. It may well be one especially the series seven model out of their special-ops division. Interesting to see what prices will be reached in Monterey.

.

33Bravo · Aug 8, 2014

Gene Cassone said:
The big difference between 1989 and now: a billion more people in the market; Eastern Europe, Russia, China ( how they love brand names!!), even though less than 0.1% can afford them , Still allot more buyers than cars! Sure to slow and even pullback some but no Hugh crass like 1989.

Agree. And the Internet. And auctions on TV. And us boomers reliving our youth.

david b · Aug 8, 2014

33Bravo said:
Agree. And the Internet. And auctions on TV. And us boomers reliving our youth.

How about the Porsche 918 (1m) , La Ferrari (1.3m)and the Mclaren F1 (1.3m)

Think these will appreciate.

The enzo has really gone up and so has the mclaren. Both are about 10 yrs old. The cgt is now a 500k plus car and going up. If you bought these cars 10 yrs ago you would have been able to drive them and enjoy them for a decade and for the most part at least break even...

Think the new ones do the same

Gene Cassone · Aug 9, 2014

These low # production cars will hold there values and even rise because of the low numbers. I think especially the CGT, I am not sure about the new "hybrids". What makes owning FGT great is the low cost of ownership compared to the others!

Xcentric · Aug 9, 2014

I'm laying odds, Carrera GTs have peaked.

Sent from my HTC One using Tapatalk

jaxgt · Aug 9, 2014

Xcentric said:
I'm laying odds, Carrera GTs have peaked.

Sent from my HTC One using Tapatalk

I hope not....

ByeEnzo · Aug 10, 2014

There are probably 500 CGT's left in the US. With the 918 hybrid coming out, true Porsche aficionados and collectors are looking to add CGT's to their collections. The days of a sub $300k CGT are long gone. The market may take a breather but I doubt we are going backwards in the long haul.

bonehead · Aug 10, 2014

Sadly, I'm with the ^^good doctor. And with that goes any hopes of me ever owning one

StormBringer · Aug 10, 2014

david b said:
How about the Porsche 918 (1m) , La Ferrari (1.3m)and the Mclaren F1 (1.3m)

Think these will appreciate.

The enzo has really gone up and so has the mclaren. Both are about 10 yrs old. The cgt is now a 500k plus car and going up. If you bought these cars 10 yrs ago you would have been able to drive them and enjoy them for a decade and for the most part at least break even...

Think the new ones do the same

Not sure if the top part you are referring to P1 and not F1.

As far as production the F1 is much older than ten years. Production basically from '92 -'98, making the F1 16-22 years old. There's a beautiful white one for auction next week.

Ford GT vs. S&P 500

GT Owner

2005 white/blue stripe

GT Owner

2005 white/blue stripe

GT Owner

GT Owner

GT Owner

GT Owner

GT Owner

GT Owner

GT Owner

Well-known member

GT Owner

GT Owner

GT Owner

GT Owner

GT Owner

GT

GT Owner

Well-known member