Here comes the next rise in Classic Car values....... When will it stop ?
At this stage of the game, we really need Classic Car values to stop rising, or else it will end with a slight drop in values rather than the plateauing that has occurred in Europe recently. If not, we may suffer from the same issue that will affect Sydney and Melbourne property values as soon as interest rates rise, if not earlier.
Have you ever wondered how much the old Datsun that you used to drive would be worth today ?
I wonder how many people in Australia have gone back in time to remember the old Datto that they used to drive. Probably not many actually, as that was a piece of the past.
That said, and with the massive Classic Car Boom that Australia now seems to be experiencing, some people are looking back in time, and clearly want to re-live this time. Some examples of prices on today's Carsales.com.au may suprise a few people,
No more Esprit's for sale on Carsales.com.au !........... For the first time in 11 years.
No doubt driven by the rapidly rising prices of Lotus Esprit's, there are now NO Lotus Esprit's for sale on Carsales.com.au, Australia's leading car sales website. This is the first time to have occurred in 11 years. Here is why :
The Financial Times is talking Classic Cars again.........
Many will read the article that we have placed in our "News" section with eagerness, awaiting tips and ways to get "The jump" that all our clients are always asking us to give them, by buying the "Next Big Thing" in the market.
There is one car that we missed in 2015.
Of all the many masive wins that we had with buying all of the right Classic Cars all of the time, we missed one car.
Whilst we were out running all over the world picking up Porsche 911T's, E's, S's, and 930 Turbo's, we foolishly neglected one car that tripled in value over the last 12 months. It was the unloved, forgotten 911 that is far from ''special'' in any way, as it is heavier than all of the earlier Porsche's, does not perform very well, has an average interior, and was produced in too higher numbers.
Clearly everyone is reading the articles in this section .........
On the 10th of March, 2016, we posted a Blog Article entitled "Why are Lotus Esprit's yet to see their greatest value rise ?".
On that day, there were 9 Lotus Esprit's showing on Carsales.com.au, including one red non-turbo model.
By the 14th of March, 2016, there was just one (1) Lotus Esprit on Carsales, after some had been advertised for 3-4 months each.
Great rewards will follow for Investors with specialised knowledge in the Australian Classic Car Boom
The two News Items on the ABC's 7.30 report have spawned endless telephone calls to our Sydney office in the last 9 days, and it has become very, very clear indeed to us that there will be winners and losers as we ride the Australian Classic Car Boom, now that it has arrived.
Who needs any other form of income when a car makes £4.45 million in one year !.
We are all well aware now of the massive money being made in Classic Cars, although some examples just make us here at Supercar Secrets have a moment........
A moment to remember why we got into this industry in the first place.
Supercars such as the Lotus Esprit V8 Twin Turbo have always been undervalued...........until now.
Classic Cars ultimately all rise in value, with some rising fast and some trailing behind until they are 'discovered'.
We can trace the history of such cars by looking at supercars such as the Porsche 930 Turbo, which was unloved for SO many years by comparison to cars such as 911 T's, E's and S's. In addition, we can now even add the 911 SC to the list, as again it is a model that has suddenly experienced significant growth in the last 6 months.
Classic Car Prices in Australia go stratospheric
During January of last year, we purchased a Ferrari 308 GTB on Carsales.com.au for AU$44,000, that had 42,000 kms on the odometer, and was a faultless car. On today's viewing, we see that we will have to pay over $200,000 for the same car.
We also purchased a Porsche 930 Turbo 3 litre for AU$77,000 in the same month from the same website, On today's viewing, we would be paying $260,000 for the same car.
Auction results in the U.K during November, 2015 soar into World Record territory.
During last month, a 1985 Ford Escort RS Turbo sold for £60.188, which represents a new World Record for an Escort. Whilst this was a bit of a suprise, it is solidly backed up by many other sales that occurred during November that exceeded the Estimates by large margins.
Which Classic Cars have the most growth in them today ?
Much has been written and said regarding the Classic Car Industry, and so here is some more !.
How will Australia's changing economic speed affect Classic Car Sales ?
As became obvious back in January of 2015, Australia faces a change in it's economic speed. For over 20 years now, this wonderful country has enjoyed the benefits of selling various commodities to the world, mainly revolving around Iron Ore, Gold and Coal.
Unheard of Profit Margins now being made in Classic Cars
We at Supercar Secrets continue to be amazed at the continually, and rapidly rising prices of our cars as we move them around the globe. After our time at the Bonhams Festival of Speed Auction at Goodwood a few weeks ago, we saw prices well beyond most people's wildest imagination.
Financial Times's Classic Car Investment Seminar on the 19th of May, 2015
The global leader in financial investment advice, the Financial Times, now regards the Classic Car movement so seriously that they are running a Seminar on the subject. Given that the new world record for the sale of a Classic Car has now been set at £20 million, the Financial Times now views investment in the rarest and most sought after makes and models as a far wiser option than property, fine art or gold. The feature on this great event appears on page 19 of the FT Weekend for yesterday, the 2nd of May, 2015. The feature is again repeated in the main FT Weekend on page 24.