turboT Posted 21February, 2015 Report Share Posted 21February, 2015 We are all aware that our precious pieces of German engineering (especially air cooled) have over the last few years increased in value and look set to continue. What is driving this? Well essentially a realization that these cars will never be built again, a sense of nostalgia, and the fact that one in good condition at any price level, is rare. The US economy is growing and with it the collector market. With Europe still in trouble there is still a lot of potential growth there when they eventually turn things around. But for those of you that are concerned with the current affordability of Vintage cars, you should be aware that the country with the biggest population in the world, the country with more millionaires than the entire population of Australia, the country that is far closer to us than the US. The country called China... Well officially this country does not allow its citizens to own and use vintage cars! I have spent a lot of time in China on business and have clients who have so much money they could buy the entire ownership of PFA several times over and not really be bothered by the cost. The taste and wants of this wealthy group changes year on year but they have an insatiable habit for all things European. We often sit at dinner drinking wine from France no longer available to the French (they can't afford it) and Visit farmsteads that look like some from of Swiss chalet, with a stable full of lambo's. You can live in entire towns that look like they are from 18th century britain. Fellow collectors and enthusiasts. If you have ever complained about SC's being $50K, 3.2's reaching $75K, or 930's going for $150K, consider yourselves warned that if China enters this market these values will be long gone. You have been warned. Get out and buy (now) http://www.usatoday.com/story/news/world/2013/10/18/china-classic-cars/3001091/ Link to comment Share on other sites More sharing options...
webrest Posted 21February, 2015 Report Share Posted 21February, 2015 We are all aware that our precious pieces of German engineering (especially air cooled) have over the last few years increased in value and look set to continue. What is driving this? Well essentially a realization that these cars will never be built again, a sense of nostalgia, and the fact that one in good condition at any price level, is rare. The US economy is growing and with it the collector market. With Europe still in trouble there is still a lot of potential growth there when they eventually turn things around. But for those of you that are concerned with the current affordability of Vintage cars, you should be aware that the country with the biggest population in the world, the country with more millionaires than the entire population of Australia, the country that is far closer to us than the US. The country called China... Well officially this country does not allow its citizens to own and use vintage cars! I have spent a lot of time in China on business and have clients who have so much money they could buy the entire ownership of PFA several times over and not really be bothered by the cost. The taste and wants of this wealthy group changes year on year but they have an insatiable habit for all things European. We often sit at dinner drinking wine from France no longer available to the French (they can't afford it) and Visit farmsteads that look like some from of Swiss chalet, with a stable full of lambo's. You can live in entire towns that look like they are from 18th century britain. Fellow collectors and enthusiasts. If you have ever complained about SC's being $50K, 3.2's reaching $75K, or 930's going for $150K, consider yourselves warned that if China enters this market these values will be long gone. You have been warned. Get out and buy (now)http://www.usatoday.com/story/news/world/2013/10/18/china-classic-cars/3001091/ What about a few more stories about this alternative China of which you speak turboT This is a side that few of us here are exposed too. Link to comment Share on other sites More sharing options...
Shady Speedway Posted 21February, 2015 Report Share Posted 21February, 2015 I'm not so sure the Chinese really do nostalgia and I'm not sure they shift their tastes at a great rate. Australia's wine industry has been waiting for the Chinese market to save them and it's just not happening. I could be wrong, but that is my insignificant insight. Link to comment Share on other sites More sharing options...
turboT Posted 21February, 2015 Author Report Share Posted 21February, 2015 What about a few more stories about this alternative China of which you speak turboT This is a side that few of us here are exposed too. Big Cities in china average over 20,000,000 people and their is a lot of wealth. A lot of European manufacturers make cars in China, but often only for the Chinese market (I suspect quality is not quite as good). Audi for example make a4's and a6's but non of the RS ranges so if you see an RS5 in Shanghai for example you know the owner the owner is incredibly well connected and rich because they would have paid $250,000 for a car that you could probably buy for $80,000 in the US (import taxes into China are crazy high). If you fly into a city with an car manufacturer like Volkswagen for example it is the weirdest experience where 70 % of all cars you see on the road will be from that manufacturer. A crazy, diverse and extreme place, that I would not exactly recommend (although my experiences have largely been city based), but a population that will definitely drive the value of your Porsche in the future (just look what they are doing to property prices in Sydney). Too much cash, and not enough high quality product too spend it on in China.. Link to comment Share on other sites More sharing options...
turboT Posted 21February, 2015 Author Report Share Posted 21February, 2015 I'm not so sure the Chinese really do nostalgia and I'm not sure they shift their tastes at a great rate. Australia's wine industry has been waiting for the Chinese market to save them and it's just not happening. I could be wrong, but that is my insignificant insight. As a whole population I would agree. But that population is huge and within it are sectors that are just like you and me (who am I kidding - more like Jay Leno). 0.01% of a billion people is still 100,000 extra collectors with more money than we will ever earn in a life time Link to comment Share on other sites More sharing options...
michel Posted 21February, 2015 Report Share Posted 21February, 2015 too early in the morning thought you were talking about PORSCHE Australia Link to comment Share on other sites More sharing options...
tazzieman Posted 21February, 2015 Report Share Posted 21February, 2015 The RHD cars will probably be an exotic novelty for them. Lock up your daughters , owners of Aussie delivered 911s , before the sky starts falling Link to comment Share on other sites More sharing options...
turboT Posted 21February, 2015 Author Report Share Posted 21February, 2015 too early in the morning thought you were talking about PORSCHE Australia probably the only place in the world where they pay more for quality European cars than we do Link to comment Share on other sites More sharing options...
Tit Posted 21February, 2015 Report Share Posted 21February, 2015 Surely you've been to Singapore . What about the Scandinavian countries? probably the only place in the world where they pay more for quality European cars than we do Link to comment Share on other sites More sharing options...
jnr356 Posted 21February, 2015 Report Share Posted 21February, 2015 it IS happening,the green light is not far away Link to comment Share on other sites More sharing options...
LeeM Posted 22February, 2015 Report Share Posted 22February, 2015 So ill advertise my 912 in China then! 150k, buy it now The USA and China sneeze, Australia catches a cold Link to comment Share on other sites More sharing options...
turboT Posted 22February, 2015 Author Report Share Posted 22February, 2015 Surely you've been to Singapore . What about the Scandinavian countries? Is there anywhere to 'really drive' in Singapore? Whats the point in ownership? Same would go for HongKong. I did hear that Singapore is just an expensive to drive no matter what car you drive because of a very limited number of licences that are available. Highest number of Lambo's sold world wide go to Singapore apparently, so they must have some decent roads I guess. I would be surprised if the Scandys pay as much as we do for our Porsche's seeing as the factories that produce them are next door Link to comment Share on other sites More sharing options...
Tit Posted 22February, 2015 Report Share Posted 22February, 2015 First thing googly found:http://www.newsinenglish.no/2013/06/04/luxury-car-sales-in-high-gear/ Is there anywhere to 'really drive' in Singapore? Whats the point in ownership? Same would go for HongKong. I did hear that Singapore is just an expensive to drive no matter what car you drive because of a very limited number of licences that are available. Highest number of Lambo's sold world wide go to Singapore apparently, so they must have some decent roads I guess. I would be surprised if the Scandys pay as much as we do for our Porsche's seeing as the factories that produce them are next door Link to comment Share on other sites More sharing options...
turboT Posted 22February, 2015 Author Report Share Posted 22February, 2015 First thing googly found:http://www.newsinenglish.no/2013/06/04/luxury-car-sales-in-high-gear/ Wow. must be a hot, tall blond tax. Google has also just taught me that Norway is not part of the EU, which is probably why they can get away with this. Link to comment Share on other sites More sharing options...
tazzieman Posted 22February, 2015 Report Share Posted 22February, 2015 Recent Octane mag mentions a big concours event in Shanghai... The gazillionaires love to parade their undriveable toys (god decrees that you can't have it all in this life) Link to comment Share on other sites More sharing options...
turboT Posted 22February, 2015 Author Report Share Posted 22February, 2015 Recent Octane mag mentions a big concours event in Shanghai... The gazillionaires love to parade their undriveable toys (god decrees that you can't have it all in this life) but you can have all the nice Porsche's Link to comment Share on other sites More sharing options...
tazzieman Posted 22February, 2015 Report Share Posted 22February, 2015 but you can have all the nice Porsche's I've got a nice Porsche. I have also got endless km of car free roads and the world's purest air any day of the week, forever. You can't buy that Link to comment Share on other sites More sharing options...
turboT Posted 22February, 2015 Author Report Share Posted 22February, 2015 I've got a nice Porsche. I have also got endless km of car free roads and the world's purest air any day of the week, forever. You can't buy that just need an autobahn and life should be complete Link to comment Share on other sites More sharing options...
tazzieman Posted 22February, 2015 Report Share Posted 22February, 2015 just need an autobahn and life should be complete Got some private autobahns but I can't tell you where Actually autobahns are like Germans who don't drink beer , rather boring. Link to comment Share on other sites More sharing options...
turboT Posted 22February, 2015 Author Report Share Posted 22February, 2015 Got some private autobahns but I can't tell you where Actually autobahns are like Germans who don't drink beer , rather boring. going to set up a new topic "tazzieman shares his private autobahns" Link to comment Share on other sites More sharing options...
Coastr Posted 22February, 2015 Report Share Posted 22February, 2015 Norway wants nothing to do with the eu mess. Norway is like Saudi Arabia run by humane people. Oslo has got to be the most expensive city in the world. It has awesome roads as well, though sometimes interrupted with ferries. Lots of alpine passes, tunnels, highways etc. Oh, and if you are the best looking person in Australia, you are are about mid-to-low in the pack in Norway. Seriously worth visiting. Link to comment Share on other sites More sharing options...
D-banger Posted 22February, 2015 Report Share Posted 22February, 2015 Wouldn't the really wealthy be chasing the really rare? Like '73 carrera RS, 904s, 959s etc Link to comment Share on other sites More sharing options...
turboT Posted 22February, 2015 Author Report Share Posted 22February, 2015 sure Wouldn't the really wealthy be chasing the really rare? Like '73 carrera RS, 904s, 959s etc sure, but then there are always the guys who work for the really wealthy Link to comment Share on other sites More sharing options...
Shady Speedway Posted 22February, 2015 Report Share Posted 22February, 2015 Specutainment. Link to comment Share on other sites More sharing options...
webrest Posted 7April, 2015 Report Share Posted 7April, 2015 Norway is like Saudi Arabia run by humane people. Please explain. Saudi Arabia. Humane ??? I think I'll take a Bex and a a lie down. Link to comment Share on other sites More sharing options...
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