Sotheby's Investment Advice

[nw942]

now now....

we have a market.. i think the 25 bps rise is inevitable.

but it doesn't really mean anything.

Low interest rates indicate to me that the banks still have a lot of bad debt despite QE.

The interesting question is whether a sustained slowdown and any possible future shocks e.g. China will start to affect the comfortable-but-not-rich people who are currently able to borrow freely/cheaply ATM to invest in various assets.

[digi]

now now....

we have a market.. i think the 25 bps rise is inevitable.

but it doesn't really mean anything.

you missed the RIGGED part with the e-minis :smokin: :hahaha:

[digi]

So what do you counsel?

Well, what do you know about fiat ccy vs money? What do you see in the economic/financial world right now? (Zero interest rates to -neg interest rates, money printing etc.), personal staying power/net worth.

You see, it very much depends on what you know.

I never advise anyone except my clients and my own portfolio.

If you can answer some of those questions in a honest manner (to yourself) it will be a first step to determine your own direction.

This is not advise, but NEVER BUY A CAR ON LOAN OR LEASE unless you own a company so you can get the tax benefits. More than 90% of people will find this hard.

[khooni]

now now....

we have a market.. i think the 25 bps rise is inevitable.

but it doesn't really mean anything.

[E46CSL]

hahahaa - FT.....love it.

I worked at GS and various wall st. firms. I think my views would exceed this clown.

So what do you counsel?

[digi]

http://www.ft.com/cms/s/0/82737cca-3..._alert/product

Or Google

GMO’s Grantham warns markets ‘ripe for major decline’ in 2016

hahahaa - FT.....love it.

I worked at GS and various wall st. firms. I think my views would exceed this clown. Not that I do not agree. Just people think 08 crisis is separate to what we are heading into and talk as though they are detached. When it hits, people will feel the pain in magnitudes greater than 08 as basically the West has run out of BULLETS. Printing won't work like before.

Just like US keeps saying it will raise rates, its only for the IDIOTS! When you have trillions in interest rate derivatives, as well as a balance sheet full of toxic junk, rates aren't going anywhere.

[E46CSL]

considering fiat ccy is being debased on a daily basis (money printing - just ask prince draghi), this is but a normal reaction for valuable vehicles.

Yes, I think a asset correction will occur but again (like 08 correction), they will recover for the simple reason that holding paper assets becomes unsavory. .

http://www.ft.com/cms/s/0/82737cca-39f2-11e5-bbd1-b37bc06f590c.html?ftcamp=crm/email/_2015___08___20150806__/emailalerts/Keyword_alert/product,crm/email/_2015___08___20150806__/emailalerts/Keyword_alert/product

Or Google

GMO’s Grantham warns markets ‘ripe for major decline’ in 2016

[digi]

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.

considering fiat ccy is being debased on a daily basis (money printing - just ask prince draghi), this is but a normal reaction for valuable vehicles.

Yes, I think a asset correction will occur but again (like 08 correction), they will recover for the simple reason that holding paper assets becomes unsavory. So.......HOLD YOUR VEHICLES GENTLEMAN! :hahaha:

ZERO/negative return on fiat ccy, choice isn't hard.

Getting a track slag from a regular M3 is a prudent choice.

[digi]

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.

Not that I will sell. But 458 is also asking. :smokin:

[E46CSL]

mine will never be worth anything so I track it for all it's worth.

I have a standard Gt3 RS and I don't track that as I worry about incidents while on track. It's a bloody shame and as a consequence i love my CSL more. It's so bad I've put my RS up for sale and am thinking about getting a lotus elise Cup. That should be a ball of fun, shame I can't get paddles.


I think some of us may acvtually go buy std m3 to gut so we can track the cars properly

Prices go up, use/enjoyment goes down.

& as prices go up, cost to maintain goes up (need to keep the service record intact, insure at higher values, storage) -real cash out whilst any potential value increase is on paper only.

[khooni]

mine will never be worth anything so I track it for all it's worth.

I have a standard Gt3 RS and I don't track that as I worry about incidents while on track. It's a bloody shame and as a consequence i love my CSL more. It's so bad I've put my RS up for sale and am thinking about getting a lotus elise Cup. That should be a ball of fun, shame I can't get paddles.


I think some of us may acvtually go buy std m3 to gut so we can track the cars properly

[Rick H]

Has anyone posted this on Cutters? Jon may be interested!

[Rick H]

Different leagues but perhaps relevant in a "net worth vs vehicle worth" kind of way. Rowan Atkinson's reasons for selling his Mclaren F1 were exactly this, he'd planned to keep the car and keep using it and keep driving it forever but as it approached (and passed) £10,000,000 in value it became harder and harder for him to justify taking it out on the road.

Our cars will never be worth quite that, but the analogy I like to use is that taking a Mclaren out onto the road amongst normal cars is like taking a Picasso painting into a preschool class full of children doing finger painting. It's just not worth the risk.

As soon as mine reaches £100k, I'm chopping it in for a BAC Mono :thumbs: Won't hold my breath though hahahaha.

[Chappers]

Saddening to see in some ways. Can you still hoon and drift a £100k car?

Different if your net worth is in the millions but for mere mortals such as myself, the car is going to price itself out of the fun times sooner rather than later and my "use it up, wear it out" mantra will seem more ridiculous.

Looks like Hexagon don't have any in stock which is unusual. The cars I assume are finding more permanent homes these days.

Different leagues but perhaps relevant in a "net worth vs vehicle worth" kind of way. Rowan Atkinson's reasons for selling his Mclaren F1 were exactly this, he'd planned to keep the car and keep using it and keep driving it forever but as it approached (and passed) £10,000,000 in value it became harder and harder for him to justify taking it out on the road.

Our cars will never be worth quite that, but the analogy I like to use is that taking a Mclaren out onto the road amongst normal cars is like taking a Picasso painting into a preschool class full of children doing finger painting. It's just not worth the risk.

[Rick H]

Saddening to see in some ways. Can you still hoon and drift a £100k car?

Different if your net worth is in the millions but for mere mortals such as myself, the car is going to price itself out of the fun times sooner rather than later and my "use it up, wear it out" mantra will seem more ridiculous.

Looks like Hexagon don't have any in stock which is unusual. The cars I assume are finding more permanent homes these days.