Sotheby's Investment Advice

[Bunty]

I check the german listings once in awhile and ......:birdman:

http://suchen.mobile.de/fahrzeuge/details.html?id=212311764&damageUnrepaired=ALSO_DAMAGE_UNREPAIRED&sortOption.sortOrder=ASCENDING&sortOption.sortBy=searchNetGrossPrice&isSearchRequest=true&scopeId=C&minFirstRegistrationDate=2003-01-01&makeModelVariant1.makeId=3500&makeModelVariant1.modelId=45&makeModelVariant1.modelDescription=CSL&pageNumber=1

159,000 EUR :119:

ok we adjust for the decline in the EUR, but.....

Lets not get carried away gents....these are asking prices. I think most smart people know we are now coming to the end of a very over heated classic car market that could go pop.

Investors are now trying to sell at the top of the market and make a good return. I think it's a risky time to be investing in classic cars at the moment. Long term though, the CSL will undoubtedly rise in value but I think we will see a correction downwards before that happens.

[digi]

cost more than a frigging 458 Italia in Germany.

http://suchen.mobile.de/fahrzeuge/details.html?id=209970790&sortOption.sortOrder=ASCENDING&adLimitation=&climatisation=&sortOption.sortBy=searchNetGrossPrice&zipcodeRadius=&zipcode=&scopeId=C&isSearchRequest=true&makeModelVariant1.makeId=8600&makeModelVariant1.modelId=2&pageNumber=2

[digi]

I check the german listings once in awhile and ......:birdman:

http://suchen.mobile.de/fahrzeuge/details.html?id=212311764&damageUnrepaired=ALSO_DAMAGE_UNREPAIRED&sortOption.sortOrder=ASCENDING&sortOption.sortBy=searchNetGrossPrice&isSearchRequest=true&scopeId=C&minFirstRegistrationDate=2003-01-01&makeModelVariant1.makeId=3500&makeModelVariant1.modelId=45&makeModelVariant1.modelDescription=CSL&pageNumber=1

159,000 EUR :119:

ok we adjust for the decline in the EUR, but.....

[digi]

Heard today that my old CSL which went to Hexagon now resides in Hong Kong. Reinforces to some extent other stories I have heard of our cars not necessarily staying in the UK.

would not be surprised considering there are ZERO forsale here and are now all in strong hands.

If my recollection is correct there are 10 in HK, with 6 official BMW HK imports with 4 gray imports, but my numbers for the gray imports may be incorrect as there maybe a few more. Neil know better than me :thumbs::hahaha:

[khooni]

what 997 is much better car than 996.

in every iteration.

991 Gt3 RS rocks but it'll be too precious to track (for me) so i'd get a LP560-2 or a superleggera since these appear so much more value than Ferraris which dun seem to lose much value either.

other than that, a vantage V12s works for me as well.

but my 997.2 Gt3 RS is the best :thumbs:

[HFLagos]

What was the reg? We bought one from hexagon 2 years ago.

That wouldn't be mine, was only sold by Hexagon last summer

[Matt21]

Heard today that my old CSL which went to Hexagon now resides in Hong Kong. Reinforces to some extent other stories I have heard of our cars not necessarily staying in the UK.

What was the reg? We bought one from hexagon 2 years ago.

[Neil M]

Definitely going somewhere? https://www.howmanyleft.co.uk/vehicle/bmw_m3_csl

[HFLagos]

Heard today that my old CSL which went to Hexagon now resides in Hong Kong. Reinforces to some extent other stories I have heard of our cars not necessarily staying in the UK.

[digi]

That's the problem with RHD's, such a limited market as opposed to LHD's.
The size of the European market is enormous compared to ours, taking into consideration the emerging Eastern European countries, and of course China all of which are LHD's.

In China they are not as car savvy as say the UK/EU when it comes to classics. Although in time I'm sure they will start paying silly prices for collectible vehicles.

Still 500 RHD isn't a great deal and considering what some of you have highlighted there isn't even that number running around.

So the 996 Turbo is a marginal classic, not like the CSL that is spades away from its modern brothers. :smokin:

[73CSL]

they come fully loaded in HK and they are more or less all the same here. Not interested in it considering I have Godzilla and was going to get a 991 GT3 until it went up in flames and I passed along my quota. Now the RS is out so contemplating whether to buy 2 cars (LP560+458 Italia) or a new 991 GT3 RS (prices would be about the same).

I have a few friends with the 996 turbo and all are selling. Strange market I guess from place to place. Bit like UK sells the CSL on the cheap and Germany are selling them for a large premium.

But I still cannot figure out why they demand large premiums over say a 997 Turbo. I understand why a 964 Turbo is collectible but what's the key aspect for the 996. Sorry, I didn't really follow this particular generation.

996 turbo is reportedly a nicer car to drive from an enthusiasts point of view, more feedback through the steering , more alive feel to it etc. I know at least one respected Porsche trader who has a lot of both and he prefers the 996 turbo over the 997 turbo

[Neil M]

Bit like UK sells the CSL on the cheap and Germany are selling them for a large premium.

That's the problem with RHD's, such a limited market as opposed to LHD's.
The size of the European market is enormous compared to ours, taking into consideration the emerging Eastern European countries, and of course China all of which are LHD's.

[digi]

Get one bought then. Prices have been going up steadily for the last 18 months. I bought my 2004 manual with x50 and aerokit on 21k miles for £36k 4.5 years ago. If you could find one of the same spec now it would be closer to £50k. Shame I have ruined mine by giving it an extra 200hp and putting 10k miles on it

MC

they come fully loaded in HK and they are more or less all the same here. Not interested in it considering I have Godzilla and was going to get a 991 GT3 until it went up in flames and I passed along my quota. Now the RS is out so contemplating whether to buy 2 cars (LP560+458 Italia) or a new 991 GT3 RS (prices would be about the same).

I have a few friends with the 996 turbo and all are selling. Strange market I guess from place to place. Bit like UK sells the CSL on the cheap and Germany are selling them for a large premium.

But I still cannot figure out why they demand large premiums over say a 997 Turbo. I understand why a 964 Turbo is collectible but what's the key aspect for the 996. Sorry, I didn't really follow this particular generation.

[NZ_M3]

The article . . .

Can you put up a higher resolution of this article please?

[erdingtonjohn]

Was gonna post to get an idea of value, as I was looking at parting with my SG. 74k on clock, full history and just had the engine gone through by Simpsons as it seems a shame to have it sat there in my workshop in its' carcoon.

What to do?

Need a magic ball. :banghead: