Crisis hitting Vintage market? All signs are there

Their estimated on the DB6 was $400,000-$500,000. So no surprises there, literally, and at least it sold.

 

Their estimate was very reasonable. It was a great buy. Alll I'm saying is that Aston's are Way Down from where they were a year ago.

No question some of it is AUD/USD but it's a stunning fall from the top.

 

11/14/2008-Automotive News:
Four maufacturers announced that they will pull out of the 2009 North American International Detroit Auto Show. These maufacturers will not have any displays whatsoever. The 4 manufacturers are Land Rover, Suzuki, Rolls Royce and Ferrari. Note 3 of the 4 maufacturers are considered high line vehicles.

 

Onno, I agree with your thoughts to a point, but consumer confidence relates not to just Fcars. When the main stream media and all other sources keep informing the masses of how bad the markets are, this can not help. Let's face it Wall Street and other markets are effected by people's perception of where we are headed. Therefore what's heard does make the consumer act accordingly. When a consumer decides not to spend on certain goods or serviced, this has a ripple effect on all markets. I think we should all stop talking about it and this way based on what you said "prices would already have gone through the floor" you can pick up that Dino you want for $80K and I can pick up a 275 GTB/4 for $250K...

Gene.

 

Interesting, but if it was L.A. and not Detroit that they were pulling out of it would be even more telling.

 

Guys: Facts are that consumer debt now is 380% of GDP, that GDP is in significant compression, the historical percentage is 180%, it will take years to restore this to equilibrium. Bottom line: We are only in the middle of the first act of a three act tragedy. M

 

Shhhhh!!
Stop talking about it! You're going to make things worse!!

 

Death, taxes and that Internet chat room convesations do not cause the rotational speed of the earth to change. That's what I'm sure about.

Sorry to say this, but you are wrong about this being a naive way of thinking. In fact, my very point is that believing that posts here saying that we are in a down (or up) market causes markets to move in that direction is naive. Other than that, I agree with you. Such conversations probably do make people more cautious (not a bad thing), but they alone do not make the market go down (nor do they make the market go up by themselves) unlike what some here seem to believe. I also see the current situation as a buying opportunity, not just in cars but in various areas of financial markets such as stocks, real estate, etc.

Alberto

 

+10.....We haven't even seen the worse of it yet....
Let's re-visit this discussion one year from now and see where the market will be?

 

car was very tired all over big resto job.

 

Sorry, but a DB6 never could have (or never will) fetch $2 million. You must be thinking of another car.

 

Probably no surprise though that GM has pulled out of L.A.

 

1967 Volante, Droptop, with Vantage engine which was very rare. In the UK when the GBP was 2X USD I think they did.

 

Short chassis Volante; I think only 35 or 36 were produced. My dad andI were sooo close to buying the one but last, LHD example in London in 1975, for the pricely sum of GBP 35000. Beautiful automobile.

 

Yep, so did Buffett when he bought GS and GE at bargain rates with what we all thought were fantastic terms. No one here or anywhere else knows where the markets are heading near term and for that matter, 5 years from now, things are just to volitile worldwide.

I have some speculative bets on, as I'm sure we all do, but I can't be absolutly positive I will be up in 5 years.

 

L.A. today, the rest of the U.S.A. tomorrow.

 

Within the last week no fewer than eight (8) different Ferrari 275 GTB/4 have been offered by various owners to one and the same auction house, to be auctioned asap.

Marcel Massini

 

Hi, Marcel included this very nice orignal 0409gt ?
on these auktion i mean ?
please let me know.
I can hardly wait to see it

ciao
cornelis