3100 mile '89 on BAT

[Tom]

$75,000 with 6 days to go.... What's the old record high? This one might reset the bar....

https://bringatrailer.com/listing/1989- ... -turbo-26/

[Pefa]

Amazing timewarp car! Ashame though that it has not and probably will not get driven and enjoyed.

[Darwin]

I've seen one sell for between $80,000 and $81,000. That's the highest one I've personally seen.

https://bringatrailer.com/listing/1988- ... -turbo-24/

[Tom]

This one is up to $80k already with 6 days to go...

[Darwin]

This one is up to $80k already with 6 days to go...

I'm curious if it'll stagnate or keep going up. I don't think the market is there for it to get too much higher, but these cars are appreciating each and every day.

[danmartinic]

These cars haven't really appreciated much as classics. 1989 msrp for a Turbo Coupe was $47,600. According to a CPT inflation calculator, in today's dollars that would be aprox. $106,000 https://www.in2013dollars.com/us/inflat ... ount=47600

So, if someone bought this car to park it as an investment, they have lost money.

In comparison, a parked 911 would have made a profit

[chris white]

something off with that inflation calculator. no way its 150% for 30 years (way too low).

Cars are not investments to car people. If you buy a car as an investment you should never drive it....and that just defeats the point for me!

[Tom]

something off with that inflation calculator. no way its 150% for 30 years (way too low).

Cars are not investments to car people. If you buy a car as an investment you should never drive it....and that just defeats the point for me!

Warren Buffet has it right. Had you invested that $47,600 in the S&P500 in 1989, it would be worth $1,471,227 now. Hard to beat that with a car. Of course, had you used it to buy Apple stock, it would be worth over $25 million. Where's my DeLorean?

https://www.officialdata.org/us/stocks/ ... dYear=2021

[danmartinic]

If you buy a car as an investment you should never drive it....and that just defeats the point for me!

I learned this long time ago. I once bought a beautiful 1960 VW.. owned it about fifteen years.. drove it only on nice days etc... then, life happens and I had to sell. Saved it real good for the next guy! Today, it would even be worth something I guess.

Then I bought a nice original 951.. 69k miles... been driving it daily ever since... almost 190k now... not as nice & shiny anymore, but I enjoy it thoroughly and still looks good from ten feet

Interestingly enough, my understanding is I can probably still get back what I paid for it. Financial crises 2008 was a good time to buy !

[Larry C]

It’s all about time in the market and not timing the market…