Geez- Anyone want to buy my 911ST clone?
Geez- Anyone want to buy my 911ST clone?
Thanks,
Chad
911ST Race Car w/2.5L SS race motor.
1972 911 T- Original numbers car- restoring it
2016 Elan NP01 Prototype Chassis #20; Car Number #02
2011 Porsche Spyder Wht/Blk/ Carbon Fiber Buckets (Sold)
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e.
Everyone knows that ST/R stands for "STAR"...
Randy Wells
Automotive Writer/Photographer/Filmmaker
www.randywells.com/blog
www.hotrodfilms.com
Early S Registry #187
Sure. I get it. I do hear that a lot though. All the banks holding on to all the money = fear and people doing odd things with hard assets. Inflation has to be coming, but when? I could see someone buying a nice S or RS to hold on to, but this car at that money is a ridiculous gamble. Will it be worth that 10 years from now? Why or why not? If you think of all the cars that go for big money what do they usually have that makes them worth that?
-Kris Clewell
Professional photojournalist
red decklid club member #1
It all gets very confusing.... earnings reports are managed..... responses are planned..... who knows why something happens was it planned or was it passion.... there is no doubt in my mind that this car could be easily replicated for considerably less than $275,000 which makes it less than investment grade hard asset. The answer is in the market place will other hot rods show appreciation.... If history is repeated the four current Hot Rods on the market will be gobbled up next week by dealers and they will be showing up a week later on the usual sites...
Last edited by Macroni; 08-18-2013 at 09:08 AM.
86 Sport Purpose Carrera "O4"
Thanks,
Chad
911ST Race Car w/2.5L SS race motor.
1972 911 T- Original numbers car- restoring it
2016 Elan NP01 Prototype Chassis #20; Car Number #02
2011 Porsche Spyder Wht/Blk/ Carbon Fiber Buckets (Sold)
Powered by Faragallah (Aase Motors)
a and b. While it is a nice build, there are lots of those out there. The car had a lot of press, and people like to associate with fame.
RE: currency wars and hard assets, maybe somewhat. Still, if you look at what oil has done this year (stable, rig count down), gas (languishing at a cyclical low), gold, copper, etc. basically down year over year, real assets are not just increasing across the board. So, while the Fed has been printing money like crazy, it seems to be the case that a nice, famous car sold for a crazy price!
I suspect this purchase is an expression of irrational exuberance.
John
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