The recent Mecum auction in Kansas City this past Saturday had a 2006 Tungsten 4 option 7,600 mile car and the bidding only reached $230,000 and the car did not sell. Granted that Mecum has raised their commissions to 10% from 8% in the past year, but it still seemed somewhat low. The Seinfeld Porsche collection at Amelia Island, which was highly promoted, also didn't generate anywhere near the estimates except on a few of the cars. Add in the fact that the Hagerty Market Rating index hit a 5 year high in May of 2015 from a low of February 2011. Someone else posted the high number of low mileage Ford GT's on Ebay now (some at ridiculous prices), and that a major collector like Ron Pratt sold his collection last year, does this appear to be a market top?
Is the collector car market topping out?
- Thread starter RickH
- Start date
My estimation is that we have already seen the highs and prices have been trending lower for a few months. It is unrealistic to expect prices to keep going up without normal corrections. As for Ron Pratte selling, there will always be turn over in anything in life. Bottom line is buy what you like.
GKW05GT
GT Owner
230K + 10% seems pretty good to me. Most of the members on this forum have little or no interest in present GT market values although it is interesting to watch.
Seinfeld's Porches collection was spectacular but those prices have gone up dramatically in the past 18 months and estimates were very high. Jerry will probably be all right regardless. :rofl:willy
Seinfeld's Porches collection was spectacular but those prices have gone up dramatically in the past 18 months and estimates were very high. Jerry will probably be all right regardless. :rofl:willy
^^
I agree with the above. Some Porsche prices have tripled in as many years and that is rediculous to begin with.
And 230 + 10% is 253 which is what you could expect to pay for a 2000-2500 mile car last year so it's still a decent penny for a car with that mileage.
I agree with the above. Some Porsche prices have tripled in as many years and that is rediculous to begin with.
And 230 + 10% is 253 which is what you could expect to pay for a 2000-2500 mile car last year so it's still a decent penny for a car with that mileage.
nautoncall
GT Owner
- Apr 6, 2014
- 1,093
The car mentioned DID NOT sell at 230k and it had 7600 miles on it.
Porsche "asking" prices have gone crazy. Also the Diablo roadsters "asking" prices are crazy and I've seen the same cars on the market for over a year.
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Porsche "asking" prices have gone crazy. Also the Diablo roadsters "asking" prices are crazy and I've seen the same cars on the market for over a year.
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Kayvan
GT Owner
- Jul 13, 2006
- 4,782
See my NYT link on collector car market in pit
http://www.fordgtforum.com/forums/showthread.php/32015-Too-many-Testarossas
Commodity price crash has hurt many parties beyond from china to Houston and every chain in link from lenders to repo men.
The prices reached in late 80s collector bubble still have not been reached (with inflation); the F Daytona roadsters still sells for less!
https://www.ferraris-online.com/pages/article.php?reqart=SCM_201109_SS
Jerry's Porsches while rare weren't in iconic colors; green Gullwings bring half of DB180 works silver Gullwings.
http://www.fordgtforum.com/forums/showthread.php/32015-Too-many-Testarossas
Commodity price crash has hurt many parties beyond from china to Houston and every chain in link from lenders to repo men.
The prices reached in late 80s collector bubble still have not been reached (with inflation); the F Daytona roadsters still sells for less!
https://www.ferraris-online.com/pages/article.php?reqart=SCM_201109_SS
Jerry's Porsches while rare weren't in iconic colors; green Gullwings bring half of DB180 works silver Gullwings.
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shelbyelite
PERMANENTLY BANNED
- May 10, 2007
- 1
Yep, it's over! Dump your car quick while you can. Call me and I will take that dropping rock off your hands.... 
Gene Cassone
GT Owner
old article on Ferraris (2011), real appreciation in last 3 years, Daytona coupe now 800+K an much higher than in 1989, rare Ferraris (production #s less than 100) are crazy, In 1989 it was investors flipping cars like house until markets crashed. Last 5 years much bigger market with China, Russia and rest of the east opening up. A leveling off or minor pullback would be healthy. (like economy is doing!). But todays buyers are more enthusiasts than the "investor" of the late eighties.
Kayvan
GT Owner
- Jul 13, 2006
- 4,782
Stef
GT Owner
:lol Its an election year, wait until the dog and pony show is over and we get (hopefully) the right personal at the top this time.:cheers
Sinovac
GT Owner
Yep, it's over! Dump your car quick while you can. Call me and I will take that dropping rock off your hands....
I call :bs
:lol
Agree 100% Just because we are experiencing a pullback does not mean that the world is ending.
STORMCAT
GT
Doctr V
GT Owner
You got it, Those 2 run hand in hand, I still have to go to work tmrw anyway, so I will just keep them all. LOL
f4udriver
GT Owner
2006 Tungston with 4,500 miles sold today at Kansas City Auction for $285,000 plus 6% commission $302,100.I haven't been watching the sales in a long time but isn't this one pretty good?
steved57
GT Owner
Thanks for the info as I was trying to find out what it sold for. This was a U S Marshall's sale. Any link to see what other items brought (High end Ducati's)
f4udriver
GT Owner
I signed in to the Auction as I was going to bid on several cars, including the Ford GT. They all went for fairly high amounts in my opinion, definitely no bargains. The 2014 Corvette sold for 54,000 = 57,240, the 2009 Ferrari 430 sold for 218,000 plus 6% or $231,080, the MP4-12C sold for 186,000 = 197,160 and the Mosler sold for 172,500 = 182,850.
I searched for the Ducatti results but they aren't coming up. I will give it a try later. I do remember several not meeting the reserve.
The last I remember a 4,500 mile GT was 250 ish so I thought this was pretty good. I was unhappy that I couldn't buy any of these cars for myself but fairly happy with the sales as I own 4 of the cars I was watching and the values are more then I thought they were worth.
I searched for the Ducatti results but they aren't coming up. I will give it a try later. I do remember several not meeting the reserve.
The last I remember a 4,500 mile GT was 250 ish so I thought this was pretty good. I was unhappy that I couldn't buy any of these cars for myself but fairly happy with the sales as I own 4 of the cars I was watching and the values are more then I thought they were worth.
medici78
GT Owner
I believe it's starting to top out. Agree with folks mentioning cars with high asks sitting forever especially Porsches. I admit I paid up for my GT last year, relative to other cars, but it was EXACTLY the GT (Midnight Blue, no Top stripes) I always dreamed of so it was worth it for me. I knew I'd be waiting awhile to find this combo again so I jumped at the chance.
However, I still think the NFGT will still positively impact FGT values.
However, I still think the NFGT will still positively impact FGT values.