Classic car bubble

[gav240z]

Very nice! I recall not long ago an SP RX-7 (FD3S) at Shannon's going for close to $80k. That's why I thought this would go a bit higher. Given their legendary status in Australia etc.. I wish I bought 1 a few years back but I've got enough toys for now. Besides I love my FD.

 

By the way do you know some of the other subtle differences for AUDM BNR32's vs Japanese imports? I tried searching for it before auction and couldn't find much. I just recall the tail lamps being the giveaway.

[RB26DETT]

There are over 100 differences to the JDM models. The ones that come to mind are. Transmission cooler added to ADM model, speedo changed to 280 km/h, different tail lights to have amber turn signal, roof aerial for radio, different cassette player, different rear bumper number plate surround.

 

Plenty of other differences, third brake lights, seat belts, sun visor, english decals instead of Japanese etc etc

 

Attached is a document from Nissan that has all the differences and the part numbers.

 

Nissan Skyline GTR R32 Australian Delivery - 10 page Nissan Document.pdf

[gav240z]

http://oppositelock.kinja.com/there-is-no-911-bubble-get-over-it-1681424894

 

Back in good'old 2004, I had the opportunity to buy an honest 79 911sc for $11,000 USD. I passed because I hated it. I didn't like the way it drove, the pedals felt stupid, it was dog-shit slow, and the kicker, it was brown over brown. I cursed it's very existence.

 

 Sorry thought it was worth a share, found it quite funny.

[260DET]

http://oppositelock.kinja.com/there-is-no-911-bubble-get-over-it-1681424894

 

 

 Sorry thought it was worth a share, found it quite funny.

 

Wonder what changed from hating to loving?  Anyway, a  hot S30  used to be a sensible and competitive alternative in many ways but given S30 prices now I wonder if that is still the situation.

[gav240z]

Wonder what changed from hating to loving?  Anyway, a  hot S30  used to be a sensible and competitive alternative in many ways but given S30 prices now I wonder if that is still the situation.

 

We're herd animals in a way and follow trends, if others want something and are willing to pay obscene gobs of money for something others start to want it also. How else do you explain the rise in Datsun 240K prices for example? I also think certain cars come back to being in vogue again, right now 80s cars are starting a resurgence in general, I think with TV shows like "Stranger Things" bringing back the 80s synth style music etc.. all that retro stuff comes back and with it icons of the era, as to weather or not these trends last is another question?

 

I reckon even the Z31 (300zx's) will make a come back soon, we're already seeing 280zx's go that way, early Mazda RX-7s etc..

 

With regard to the SC 911's I think because all the other early air cooled Porsche's went up in value the next logical way to get in to what the early cars offered was the SC. In the same way that 2 seater S30Z's are rising in value and the 2+2's are starting to uptick also, it's because people want the experience of an early S30Z but maybe cannot afford to get in at the 2 seater entry point.

 

In comparison to a Porsche I still find the S30Z prices reasonable to be honest. But the cost of some S30Z parts is getting up there lately. I just hope Nissan starts to reproduce some items like washer bottles and similar... paying $900 for 1 is insane.

[gav240z]

I am surprised this 66 Porsche 911 failed to exceed 100k.

 

http://bringatrailer.com/listing/1966-porsche-911-coupe/?utm_source=dailymail&utm_medium=email&utm_campaign=2017-06-26

 

Of course it's hard to read a market on 1 result but I also have noticed other markets outside of classic cars cooling lately. Wonder if this trend will persist?

[sidedraught]

The thing I cant help but notice about that nice Australian delivered R32 is that even though its so iconic and collectible it still hasnt reached what its sticker price was when it was new.

[aircobra]

i'm surprised that ser 1 RX7 are not going anywhere.

they seem to fit the same credentials as the Z - first segment play, 2 seater, have aged reasonably well in apperance, etc.

they were probably pitched at the z buyers who moved off nissan after the various boat anchors like the 280zx got onto the showroom floor( no offence to their owners)

clearly, like the zs, the newer they got, they worse they got.

i know i considered one before i bought my z.. what put me off was the lack of parts support and the thirst of the rotary. although this was when juice was over $1.70 a litre

another factor was that they seemed to be even more trashed then the zs i looked at.

plus, although both cars weighed in at around 1000 kg, the original rotary was only good for 100hp, 50 hp less then the L24

giddy up!

[aircobra]

in terms of investment and time value of money, the only person on the planet who made money on cars was this guy.

the guy who sold his house, all his shares .. and his underpants, went down to his ferrari dealer, bought a 250 GTO in late 60s,

then he drove it around the block a few times, then locked in his garage, he has been living in a caravan park since then.

then pulled it out last year.  then sold it at bonhams for $38m

average house price in syd then - around $6,000, cost of 7 year GTO then - the same

everything else is chicken feed in terms of rate of return

bullshit story, of course, but you get the point

[gav240z]

i'm surprised that ser 1 RX7 are not going anywhere.

 

You must have missed the earlier discussion?

https://www.shannons.com.au/auctions/2017-shannons-melbourne-autumn-classic-auction/G9SBDF3FF8XMGO9P/

 

Sold for $55k

 

[potter260]

Honestly I'm a little disappointed that Zs have increased so much in value. When I purchased mine in 2002, it was $1500 a good first car. Even though I've never driven it, I had hopes. It was embarrassing at school all my friends thought it was ugly. Fast forward 8yrs I do a bit more work to it spend way more than it was worth on paint, panel and parts. I planned on keeping it forever. Now Values are closer to what I've spent over the years (minus labour) Its a lot of money sitting there that I consider selling it when its finished to pay I good chunk off the house. It also makes you rethink your plans and direction of the restoration. But hopefully once its registered I decide its to good to sell and would always regret it. 

 

But if prices stayed low I would never consider selling it!

Edited July 6, 2017 by potter260

[gilltech]

Conversely, IMO you shouldn't think negatively. By the sound of it you've spent money on your car in dribs and drabs - when you could have been spending it just to piss up against the wall - and by now after 15 years you now have accumulated something of real value. So it's been a sort of savings scheme if you like.

Once your car is registered on the road it will have increased in value some more compared to an incomplete project car which isn't usable and just a pile of parts. So all good. One can own things of value other than houses. And the reality is that your Datsun Zed in recent years has most probably increased in value well in excess of any other 'investment'. And you've had 15 years of an enjoyable hobby project which you are determined to see through to completion. Plenty of people just get bogged down and give up, hence why there are always project cars popping up for sale. IMO you should be pleased with yourself! Enjoy!

[gav240z]

[aircobra]

must be one-off. usually see them in the 5-8k region, aint that good a car

[locklock]

www.independent.co.uk/news/uk/home-news/uk-petrol-diesel-ban-cars-vehicles-britain-sales-fuels-fossil-government-a7860181.html?cmpid=facebook-post

 

 

Uk to ban petrol and diesel cars.. so what will happen to the classic over in the region? Fire sale or Higher value? Petrol station will go out of business, buying fuel most likely in form of tin can from supermarkets maybe?

[PZG302]

Yeah, nah, that won't happen.

 

The diesel ban will be a very conditional one and will get some headlines and then disappear quietly to never be talked of again.

 

It would have been one of many strategies that were tossed around, and may be announced.

 

There is no way that England will have an alternative energy source and infrastructure in place within 23 years to replace the vehicles that use diesel. Particularly for heavy transport. Even rail uses diesel still for freight over there.

 

I don't think that there is anything to worry about in our lifetimes regarding the availability of petroleum based fuels.

[gav240z]

Toyota Supra $60k USD or close enough.

http://jalopnik.com/heres-what-a-perfect-toyota-supra-is-worth-1797769835

[gav240z]

So what's the top end of the market up to?

https://www.bloomberg.com/news/photo-essays/2017-08-17/pebble-beach-auction-top-lots-aston-martin-porsche-ferrari-mclaren

[AndBir]

A brief mention of Japanese cars:

 

 

Should help if approvals for further "investment" are required from SWMBO 

[gav240z]

Real Estate is for losers

 

The market that has grown four times faster than property: classic cars

 

https://www.domain.com.au/news/the-market-that-has-grown-four-times-faster-than-property-classic-cars-20170824-gxxg90/

[AK]

Lots of great input here from everyone - just level of discussion itself is enough to show that the bubble and demand is far from finished.

 

Things like Electric Cars are more likely to shake up the market place - whether that makes fossil fuel burners even more lusted after will be interesting - I would be surprised if the value will slow

 

It likely that 70's classic cars will be the pic because you have performance and bare bones character - I dont really understand the wooden wheel vintage car fascination apart from the historical master piece value, but from a driving point of view it still going to have that motorized horse and buggy feel and look - 80s on wards the refinements start water down the feel raw feel of what the car is and whats its doing and how its doing it !

 

Its all in the eye of the beholder to a fair degree - but no doubt the 70s Z Cars are Raw, Beautiful, Fun to Drive and have great Balance - That thins the herd a lot.

 

100k is could be achievable in a healthy economy no doubt and even then it will still be a far better car than some other cars that now sell for more take a look at the localized example of some of Holden Torana's Ford Falcons - Iconic raw cars no doubt but not in the same league as far being a vehicle with real Sporting Looks and Ability.

[aircobra]

one shouldn;t compare once off pristine examples with the "average" price.

even a ser 1 celica, which was never a great car would pull 20k if it was immaculate

in regard to the Rx7 thread, still don't see the appeal. only thing that would prop them up is the lack of supply.

certainly not valuable in the US, which is the trend-setter for all cars collectable.

what i find interesting is that it seems probable that if 240 had a bigger engine, even the 2.8, with one more carb, it would be worth double now.

It would have made the car actually competitive against the 911 and the e-type. 

however, one of the reasons for the car's success was the cheapness, which, in turn could only be possible with engine sharing (ala Jaguar) with the large saloon and SUVs.

[aircobra]

early 70s 240 would out of puff by the time 911 2.4 injected version hit the street

[gav240z]

https://www.tradeuniquecars.com.au/feature-cars/1709/holden-torana-a9x-review

 

Interesting how values were higher in 2008 for these... I guess air can be pulled out of bubbles.

[Brabham]

Demand is probably falling as the people who grew up with these cars are getting too old to drive/are no longer around. Probably why more modern stuff like R32GTRs are going up now as those who grew up with them in the 90 ' s can now afford them. I would still love an A9X though.

Edited September 15, 2017 by Brabham