Brands/builds most likely to hold value

[Tim7139]

Originally Posted by RodKnock

"Lousy auction result"? Auction prices are REAL data points and are reported in auction magazines like Sports Car Market, which I receive monthly. There are no lousy results. There are just results.

And, I'm not dialing it up nor will I dial it down a "freaking notch." IMO, you seem to me to be defending SPF prices, which is fine, but the OP must be aware of your inherent bias. You can admit or not, I don't care. You're an SPF owner, so logically you will defend the brand, just like I would defend the Kirkham brand.

In general, Cobra replica prices are soft, because ERA, CSX, BDR, SPF among others, are still building them. There's no supply constraint other than economic conditions and those aren't very good right now for many areas of the country. I'm just talking about buying ANY Cobra replica that is asking in the $50,000-$60,000 range for mid-$40,000. It can and has been done.

All the %'s you state are just guesses, since none of us have any hard data. But I'll try to remember to post here a real result when I come across one in the future.

Last I heard defending anything as well as " inherent bias" requires a few opinions , you seem to be drawing a lot of conclusions from a couple questions .
You're right about lack of hard data, which is why when somebody mentions a price range, high or low, I figured maybe I'd query if that is fact or opinion based.......you know, to gain facts.

[RodKnock]

Originally Posted by Tim7139

Last I heard defending anything as well as " inherent bias" requires a few opinions , you seem to be drawing a lot of conclusions from a couple questions. You're right about lack of hard data, which is why when somebody mentions a price range, high or low, I figured maybe I'd query if that is fact or opinion based.......you know, to gain facts.

I'm having a hard time understanding your point.

My point is that you own an SPF and defended the value. This is what you said. "that low, let alone common" sounds to me like you're defending the value of the SPF. And you own one.

Originally Posted by Tim7139

That might be, a solid maybe. Obviously there is a fair amount of latitude between any bid/ask but i have'nt heard of much in the way of a sorted SPF with any kind of decent motor that low, let alone common.

The OP needs to hear that you own an SPF when you're offering your opinion of value on a SPF. Just watch CNBC in the morning. When someone comes on show and they recommend a stock to buy, the commentators/analysts will state if they own the stock or not. In the old days, they got in trouble for "pump and dump."

The other point I make is that if ANY Cobra replica is asking $50,000-$60,000, IN MY OPINION, a serious buyer (and seller) can buy that Cobra replica, SPF or not, for mid-$40,000. And we already have one SPF owner state he bought his SPF in the mid-$40's.

Auctions run all year long. Perceived high and low prices will form an average. Period.

More authentic FE builds will probably sell for more than less-than-"authentic" 351W builds, sure, I don't dispute that. That's the case for CSX's ERA's and CSX's too. But I don't see many FE SPF builds. And there are plenty of folks who just want something for about $50,000 and that's the market that will undoubtedly be the most active in sales. As the asking prices get higher, the buyer pool thins out.

Lastly, IMO, I don't think any of us can count on new roller prices continuing to keep going up. Interest rates will go up, the buyer pool is old and getting older, no one is getting rich making them, and at some point, I think they're going to legislate our gas burning environmental pigs off the road. Is it 5 years, 10 years, 20 years? In my case, just because CA gave us an exemption to drive them, CA can certainly change their mind someday. That's my opinion.

[Mark IV]

[quote=RodKnock;1400907]
.

Auctions run all year long. Perceived high and low prices will form an average. Period.



QUOTE]

Yes, auctions run all year. And the specialty car auction market is saturated....not with sales but with auctions! The market cannot support RM, Mecom, Sotheby's, BJ et.al. and continue to have a pool of qualified, willing bidders/buyers available week after week which the frequency of these sales now. The auction sales for most replicas are spotty at best. One day an iffy self-build FF5 goes for 90K, the next day a very nice SPF or BDR goes for 50. I contend that auctions are NOT the proper market for these cars and generally sell to bottom-feeder bidders who are opportunistic purchasers.

[RodKnock]

[quote=Mark IV;1400912]

Originally Posted by RodKnock

.

Auctions run all year long. Perceived high and low prices will form an average. Period.



QUOTE]

Yes, auctions run all year. And the specialty car auction market is saturated....not with sales but with auctions! The market cannot support RM, Mecom, Sotheby's, BJ et.al. and continue to have a pool of qualified, willing bidders/buyers available week after week which the frequency of these sales now. The auction sales for most replicas are spotty at best. One day an iffy self-build FF5 goes for 90K, the next day a very nice SPF or BDR goes for 50. I contend that auctions are NOT the proper market for these cars and generally sell to bottom-feeder bidders who are opportunistic purchasers.

Weird $hit happens on BaT and eBay too. It's just not confined to one place or another.

We have a local CC member who has had his gorgeous Kirkham for sale since about February on Cobra Country. Price has been lowered, but it's still there. So, is that the best place to sell it? Is it the seller (great guy BTW)? Is it the price?

Do Kirkham's suck?

Auctions scare the heck out of me, but they are data points.