"Grab Paddle" (grabpaddle)
10/15/2015 at 11:04 • Filed to: Porsche, 911, market, collapse
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"Grab Paddle" (grabpaddle)
10/15/2015 at 11:04 • Filed to: Porsche, 911, market, collapse | 8
| 15 |
A new report came out today in Frobes outlining the decline of vintage automobiles as investment opportunities stating, “The decline of the Chinese economy is causing us to reconsider traditional models, and liquidate any risky long-term investments other than real-estate and heavy metals.”
These cars as investments, specifically Porsche 911’s from 1965-1997, have always been known as a risk, and now more than ever with the Dow in a state of constant turmoil, investors are recommending more traditional methods of investing. C/D’s, heavy metals and real-estate, specifically real-estate in New York City, Los Angeles, Austin, and London. As more people immigrate to these cities with unlimited financial resources, the rental market can only increase in value over a longer period.
Liquidating your vintage Porsche 911’s for much less than market value is recommended as positive outlook is decreasing rapidly. A recent Wall Street Broker, who we will call Trevor to protect his identity, was quoted, “I have personally sold all of my car collection, not just my vintage Porsche’s, but also my F40 and Enzo, for much below market value as to get out ahead of the collapse in the market we will be seeing shortly. I recommend everyone follow my lead, especially Ralph Lauren, I see him losing millions.”
When we pushed for further questioning, he denied us and drove off in his 2014 Golf TDI which he mentioned, off the record, “these cars are so cheap right now, you’d be stupid not to pick one up.”
We took a look further into the major auction houses across the globe and had our in-house statistician run the numbers. Across the board he came back and said most vintage cars of German and Italian origin were down 20% over the past year with strong signs of further decline. He said the last time this happened was in 1920 during the great depression, lots of wealthy land owners had invested in an over abundance of non primary vehicles which directly lead to the rapid decline of the stock market. When the market crashed, the cars were worth more as raw material.
This information has shed light on a dangerous marketplace, which we found to be driven by false expectations of constant growth and oddly, the reality TV industry. We found that as these reality TV shows about auctions and repairs have increased in mainstream viewership, it has caused a huge bubble in the vintage car market.
All these things considered, divestment is upon the vintage car market and liquidation must happen by this weekend of all 1965-1997 Porsche 911’s, that includes especially RS and Turbo versions.
Ash78, voting early and often
> Grab Paddle
10/15/2015 at 11:08 |
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specifically real-estate in New York City, Los Angeles, Austin, and London
I prefer to keep my real estate investments in Singapore, Dubai, Buffalo, and Tokyo!
/one of these things
//not like the others
crowmolly
> Grab Paddle
10/15/2015 at 11:12 |
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DOH
RamblinRover Luxury-Yacht
> Grab Paddle
10/15/2015 at 11:12 |
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Fröbes ?
Cé hé sin
> Grab Paddle
10/15/2015 at 11:12 |
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I see this happening to the Ferrari 250 GTO soon. This weekend, in fact.
I’m willing to take one off the hands of some soon-to-be impoverished owner.
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Grab Paddle
> RamblinRover Luxury-Yacht
10/15/2015 at 11:13 |
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Yes, our other sources are Bluumberg and NYTires.
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Grab Paddle
> crowmolly
10/15/2015 at 11:14 |
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Hagerty does not have the inside information we have gathered extensively over the past year.
Brian, The Life of
> Grab Paddle
10/15/2015 at 11:14 |
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RamblinRover Luxury-Yacht
> crowmolly
10/15/2015 at 11:15 |
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I think you failed your Concentration check to cast Detect Satire.
Sam
> crowmolly
10/15/2015 at 11:17 |
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There was a huge jump in another investment about 11 years ago.
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crowmolly
> RamblinRover Luxury-Yacht
10/15/2015 at 11:18 |
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Big time. Imma go get more coffee.
Jonathan Harper
> Grab Paddle
10/15/2015 at 11:27 |
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Nice try! This is like the opposite of the effect /Afterdrive has on the used car market.
John_Harbinson
> Grab Paddle
10/15/2015 at 11:35 |
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YESSS I might finally be able to buy a 1988-89 Carrera for less than the price of college tuition! Thank you economy!
Tapas
> Grab Paddle
10/15/2015 at 11:46 |
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Yes! Now plant this article in every major news publication!
WiscoProud
> Grab Paddle
10/15/2015 at 11:55 |
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For those of us that have dreamed of owning a 911 for fun, rather than investment purposes, this is great news. After seeing the asking prices for 964s and 993s, we have to be at peak. The asking prices for the turbos are almost as much as buying new.
for Michigan
> Grab Paddle
10/15/2015 at 13:59 |
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