WOW! Has the early 911 bubble finally Burst?

[Fritz A. Ficke]

Seems like a LOT of early 911's on the market and for much longer!
For a while there, if an early "S" was listed it was sold in hours - at top dollar. Now it seems nothing is moving so quickly and supply and demand has changed a bit. The flippers can get cars now for a song - but no Buyers The days of asking the moon and stars are over. Those sellers with early "T's" asking 25-35K are dreaming. Those "S's" which were selling easliy for 50-70K last year are not moving now. Granted the Gems will always command top dollar and those with deep pockets are not as affected by this economy.

The American Economy has finally caught up to a lot of people. The cost of Fuel, stock market, and housing market in America has many people watching every dime. Seems like the only thing saving the market is the Europeans buying up these cars at 50% off!!

Now I'm sure this thread will spark a huge debate, especially since most of you have a huge stake in this market with your early "S" cars. Simply put, this is a buyers market right now.

P-cars, Did anybody step forward to dump their car? Get out while the gettings good? Interasting view but by and large the bulk of the people on this board do not own these cars for the money gain but for the injoyment they give.

[sithot]

Amen. Thank you.

Tom

[72targa]

Eric:

Since you have so many '67 S's and the bubble has burst, could I get a deal on one of yours?

[super9064]

Seems like a LOT of early 911's on the market and for much longer!
For a while there, if an early "S" was listed it was sold in hours - at top dollar. Now it seems nothing is moving so quickly and supply and demand has changed a bit. The flippers can get cars now for a song - but no Buyers The days of asking the moon and stars are over. Those sellers with early "T's" asking 25-35K are dreaming. Those "S's" which were selling easliy for 50-70K last year are not moving now. Granted the Gems will always command top dollar and those with deep pockets are not as affected by this economy.

The American Economy has finally caught up to a lot of people. The cost of Fuel, stock market, and housing market in America has many people watching every dime. Seems like the only thing saving the market is the Europeans buying up these cars at 50% off!!

Now I'm sure this thread will spark a huge debate, especially since most of you have a huge stake in this market with your early "S" cars. Simply put, this is a buyers market right now.

You have one post here and you suggest that all of our cars are over valued. I for one find it curious. Sounds like someone thinks we should run out and put our cars on the market for cheap before it to late. You wouldn't happen to be looking for a car to buy?

[69Sman]

My advice is to buy things you like and pay no attention to the markets UNLESS you do it for a living.

Tom

Now THAT is the best advice you've given on this board TO DATE! Right on the money, no pun intended.

[Soterik]

You have one post here and you suggest that all of our cars are over valued. I for one find it curious. Sounds like someone thinks we should run out and put our cars on the market for cheap before it to late. You wouldn't happen to be looking for a car to buy?

My guess is that this a current member who is just stirring the pot under a "new name".

E

[boba]

While markets ebb and flow over time and there can be peaks and valleys, it is the long term trends which are key for investors. Traders love volatility, they make money when the market moves, up or down.

If you buy these cars to drive and enjoy for an extended period you are likely neither an investor nor a trader but an enthusiast. If you fit this, enthusiast, the market is of secondary interest. It should be taken into consideration when contemplating a restoration or saving a tired and rusty project.

I am not saying market value does not make for an interesting conversation. If it were not for the enthusiast there would be no market for the investors and traders to play in and to sometimes get out of phase, time will take care of that for all of us.

[a911s]

P-cars, Did anybody step forward to dump their car? Get out while the gettings good? Interasting view but by and large the bulk of the people on this board do not own these cars for the money gain but for the injoyment they give.

I sold a really nice roller T/RS and a bunch of rare parts last year. I kept everything I will want or need though!

I agree however. Everyone who knows me understands it's about driving first and socializing second. Speculating is not really a consideration for me - if it goes up great, but if not that's OK too.

[Milou]

As with any market, the prices of early 911s will rise and fall at times..

The pleasure I get from early 911s is completely removed from the prices I paid. Obviously, you always feel smarter when your purchase price is below current market value (and a bit embarrassed when the contrary happens!). It's human. Some people get real pleasure in buying below market price and enjoy the thrill of a bargain just as much as the car itself. That's fine too.

It's interesting to realize that the things and the cars I appreciate most were rarely/never bought cheaply. The rarest cars are not completely above market laws, but someone's always willing to pay a premium for them.

The Porsche dealer Georg Konradsheim rightly paraphrases John Ruskin:

"There is scarcely anything in the world that some man cannot make a little
worse, and sell a little more cheaply. The person who buys on price alone
is this man's lawfil prey. It is not wise to pay too much, but it is even
worse to pay too little. When you pay too much, you will lose a little
money, but that's it. But when you pay too little, you can sometimes
lose everything because the purchased article can not fulfill the purpose
it was meant for. The law of the economy prohibits to acquire too much
wealth for a little money. If you take the lowest offer, for the risk you
are taking you have to add something. When you do that, then you also have
enough money to buy something better."

[p-cars]

My guess is that this a current member who is just stirring the pot under a "new name".

E

You are correct in your assumption.
My point however was not "stir the pot" but to offer an annomous opinion.

There are 10X as many early 911's on the market today than 6 months ago.
The supply of cars on the market will ultimately bring the prices down across the board. Period.

If you want to pay $35K for a rusty "T" shell, thats your business. All that I'm saying is that the early 911 bubble looks like it has deflated -and sellers need to adjust their expectations accordingly.