Carpokes Porsche Forum

$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/

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

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/

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

Tom wrote: Tue Jan 04, 2022 5:05 pm 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.

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

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!

chris white wrote: Wed Jan 05, 2022 3:14 pm 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

chris white wrote: Wed Jan 05, 2022 3:14 pm
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 !

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