6 years from the GFC - how have values of collectable cars been affected?

[Syndrome]

There was a million dollars paid for GT-HO Phase III several years ago. Would such a car get the same, less, or more these days? This is a one off example. What about the general state of collectable car prices these days?

[ebxr8240]

Its getting that way. The younger generation are not as interested in them ??
Not for that sort of money .. Did it REALLY SELL for that price or was it for sale for that price??

[KW XRT]

The old Muscle cars are still in the toilet and they will be there for a while.The bloke I sold my E38 to spent 50+ k on it and lost about half of that.I lost heaps on my last car also.This is a buyer be ware.

[Franco Cozzo]

Originally Posted by KW XRT

The old Muscle cars are still in the toilet and they will be there for a while.The bloke I sold my E38 to spent 50+ k on it and lost about half of that.I lost heaps on my last car also.This is a buyer be ware.

Car isnt an investment, its there to be enjoyed and driven.

Made $5K on my GMC Sierra, I'd gladly throw that $5K down the drain to have the chance to enjoy it some more.

Pro tip: IF you've got something you really like, don't think the grass is greener and sell it for 'something better'.

[cheap]

Prices have fallen a lot, I was of the opinion the very huge prices were very suspect, probably a money laundering system.

Let see, +$300,000 for a good but old GT V's $80,000 for a new GT

[Bearman]

Only insiders or those close to the transactions will know how much money actually changed hands. The advertised price is often a bit of mis-information. Sellers of such cars generally advertise a high price to scare off the wood ducks and just attract serious buyers or just to test the market.

Buyers go in for the low ball and work up from there. Somewhere in between the two shall meet.

High end and desirable cars still attract a premium price but buyers are now a lot more discerning which means average cars have been affected.

Originally Posted by ebxr8240

It's getting that way. The younger generation are not as interested in them ??

This could have a major effect in years to come. When my generation become too old/sick/dropped off the perch/couldn't be fagged anymore and decide to move our muscle cars on there won't be anywhere near the same interest from the next generation of buyers. Give it 5 to 10 years and there will be a glut of these cars on the market.

What were todays 30 something year olds lusting after when they were in their teens??

[Nova 8]

Skylines, WRXs, Evos etc is what was the hero cars when I was young and I am now 28. I like classic metal just as I like jap import etc, but I could give 2 stuffs about Ford's 1, 2 finish back in the hay day. These cars mean little to most of my friends other than a car to admire but nevr bother to own.

[CoupeKing]

Originally Posted by ebxr8240

The younger generation are not as interested in them ??

Drop them off at a year 12 Formal in a GT, they step out of the old beast like celebrities.

[xisled]

IMO in the years to come the price will only get cheaper.

In 20 years, the market will be flooded with these muscle cars. As the older generation start to die off, stop driving etc. more and more of these cars will come onto the market.

There is still some young guys that want this type of car but it is a small majority. In 50 years’ time, most of these cars will need restoring again anyway.

[zilo]

Originally Posted by Syndrome

There was a million dollars paid for GT-HO Phase III several years ago. Would such a car get the same, less, or more these days? This is a one off example. What about the general state of collectable car prices these days?

The GFC hasn't hit Australia yet.

Yet being the operative word.

[chopstar87]

The market is still dead and I don't think the prices will ever raise to where they were, as people will be gun shy for one and to, the demand wont be there for these cars soon to ask those once crazy prices... I think people are still over pricing old school cars thou.

I think moving forward... older model WRXs, EVOs will rise in price, especially if not modified, also down the track (10-20yrs at least) a un-modified XR6 Turbo or F6310, will be something that is chased after and might get a decent amount of money for.

but again, who knows where the car world goes and what people want in the future.

[78xcgxl]

Originally Posted by CoupeKing

Drop them off at a year 12 Formal in a GT, they step out of the old beast like celebrities.

I get the same, every time i drive the XC to school with the P plates up and all i see is heads turning. Even get teachers who one would never assume to have any interest in cars complimenting me. Nothing better than driving a classic everyday. Love it.

[nuthin' fancy]

Originally Posted by cheap

Prices have fallen a lot, I was of the opinion the very huge prices were very suspect, probably a money laundering system.

Let see, +$300,000 for a good but old GT V's $80,000 for a new GT

I always thought that too. It will be a few years before we see the $1m PHIII again (and wouldn't you buy a Shelby or AC Cobra for that money anyway?).

[Blue Roo]

Originally Posted by zilo

The GFC hasn't hit Australia yet.

Yet being the operative word.

The GFC is the 21st Century's version of the 1930's Depression.

[mr smith]

Originally Posted by cheap

Prices have fallen a lot, I was of the opinion the very huge prices were very suspect, probably a money laundering system.

Let see, +$300,000 for a good but old GT V's $80,000 for a new GT

Yup, drug dealers cleaning their cash and those who sold came along for the ride. A bloke I work with was offered 220k for a two door Monaro he is kicking himself now. Younger folk now dont give a toss. Back in the 70s and 80s being into cars and racing was like having a footy team. Now the green brigade dont really dig it.

[GASWAGON]

800k for a GT Falcon was too much in the first place.

[Blue Roo]

Originally Posted by EF_6

800k for a GT Falcon was too much in the first place.

True.
The high prices of these Muscle Cars had forced a lot of enthusiasts like us out of the market.

[xxx000]

The absurdly high prices for HO's were created by a cunning and illegal scheme by a few crooked people. It was unsustainable and so prices have eased back to good realistic figures.

[xxx000]

The absurdly high prices for HO's were created by a cunning and illegal scheme by a few crooked people. It was unsustainable and so prices have eased back to good but realistic figures.

[pottery beige]

Originally Posted by mr smith

Yup, drug dealers cleaning their cash and those who sold came along for the ride. A bloke I work with was offered 220k for a two door Monaro he is kicking himself now. Younger folk now dont give a toss. Back in the 70s and 80s being into cars and racing was like having a footy team. Now the green brigade dont really dig it.

i'm not kicking myself, have told a bunch of bum bag wearing habiba boofheads to ggf with offers of cash n drugs for my old bomb back in the big dollar days

not for sale mcboofhead

[mik]

Originally Posted by zilo

The GFC hasn't hit Australia yet.

Yet being the operative word.

really ??? with so much industry closing down probably never to be opened again for a long, long, long, time , i would beg to differ.

[mik]

Originally Posted by Blue Roo

The GFC is the 21st Century's version of the 1930's Depression.

from what i have been told , it was not even close, things where apparently much tuffer back in those days, talk to some oldies that are still kicking that lived through it.

[Franco Cozzo]

Originally Posted by mik

from what i have been told , it was not even close, things where apparently much tuffer back in those days, talk to some oldies that are still kicking that lived through it.

Wasn't bad for Australians but ask some Americans about what happened to them during the GFC.

[ebxr8240]

Younger families have 500,000 + mortgages these days ..
Back then home loans where way way less than that ..
Another .. It depends on the next hot models coming into Aust ..
So much to spend on these days and SO many options ..

[KW XRT]

Originally Posted by zilo

The GFC hasn't hit Australia yet.

Yet being the operative word.

Don, t know where you been hiding for last six years but the gfc has dev hit.australia got through it very well but lots did not go well.we have 80 billion in investment over 6 years but already house prices have dropped by nearoy 20%.

[xisled]

Originally Posted by zilo

The GFC hasn't hit Australia yet.

Yet being the operative word.

I have been told about this also, that we have yet to see anything.

[OLD BALDY]

I thought you were talking about model collectable cars!! The bum fell out of them during the GFC and never recovered. Although the 1:18 Bianti White XY HO with twin mirrors still seems to hold its price (one for sale at the moment on Fleebay $2,600 bought for $150, 15 years ago)

[BENT_8]

When I joined this forum in 06 any word spoken against the supposed value of mighty P3 HO was met with post after post of heckles from the enlightened.

Where are all the faithful now.

It was never going to be sustainable, and the tipping point was when that clown got on the evening news and announced his million dollar HO for sale.
It all went backwards from then because the penny dropped.
The ONLY Australian built Ford worthy of that sort of money is a Calypso green XA with HO on the tag.

One of the aforementioned enlightened also proclaimed house prices would never go backwards either.

Lucky we did away with rep points a few years ago and he split or he'd be looking very suspect now...lol

[RANGEREST]

Originally Posted by ebxr8240

Younger families have 500,000 + mortgages these days ..
Back then home loans where way way less than that ..
Another .. It depends on the next hot models coming into Aust ..
So much to spend on these days and SO many options ..

And so was their income

[Trevor 57]

Originally Posted by Syndrome

There was a million dollars paid for GT-HO Phase III several years ago. Would such a car get the same, less, or more these days? This is a one off example. What about the general state of collectable car prices these days?

the reason for those very high prices for the Phase III's was that a couple of speculators drove up the prices by selling to each other, then when the price was high they put them on the open market, there was an expose about them and what they did