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deadlyavenger

Classic/Super car market crashing too?

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I'm a big car fan and came across this, thought this was of great interest to us HPCer's, particularly because there's supposed to a correlation between the classic/supercar market and the housing market/booms in general right?

http://community.evo.co.uk/users/Secret-Supercar-Owner/blogs/index.cfm/2016/11/24/SSO-Thoughts-on-the-Car-Market-in-2016-Parts-12

Funny how similar it sounds to whats happening to pwoperdee and the BTL idiots running for the hills atm (much lolz on that last bit btw)

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None of these people like to drive. The cars are just "investments". These seem big ticket items, and if they don't go up in "value", well, you have lost some, and you still have to look after it.

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The prestige ones were getting silly; I think DB5s went up from £80k to £1m in fifteen years.  That was just mad and it's about time that the speculators got their fingers burnt.

Personally my dream classic garage comprises a brown Austin Allegro vandenplas, a convertible Escort in white, and a Mini. A man can dream.

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There's no way a car can cost a million pounds, especially an old one.

I approve of Frank's imaginary car stable.

More fun than something you can't drive, because it is "too valuable"

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It's a unspoken cartel.

equipe_01.jpg

If there's 10 Austin Allegroes left and 3 people own them, then one can put it in the market and test the water - for I dunno £75,000.

If there's some interest, then the kite flyer doesn't have to sell and and can raise it to £100K and so on.

Then suddenly all the Austin Allegroes are worth £100K odd.

There are few forced sellers of these motors, and the market is opaque as you don't see the sold prices or when it last sold.

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