1994 Toyota Supra Twin Turbo Just Sold For Nearly $174,000
Prices for Mk4 Toyota Supra models are currently on the rise, and one example recently sold for a hefty 173,600 in the United States.
The Supra in question is a 1994 model outfitted with the desirable twin-turbocharged 2ZJ engine. In addition, the car includes Toyota's six-speed manual transmission, the factory targa top, is painted black and outfitted with a tan interior. What's more, the Japanese sports car crossed the auction block with just 11,200 miles (18,024 km) under its belt.
(https://images.carscoops.com/2019/03/16b05d4f-1994-toyota-supra-twin-turbo-targa_0.jpg)
RM Sotheby's listing of the car shows that it was sold new in Illinois and stayed there for at least two years, racking up almost 6,000 miles (9,656 km). It was later imported to Switzerland roughly 12 months ago before finding its way back to the United States.
In 2015, the Supra was listed for sale by St. Louis Car Museum and Sales with 10,553 miles (16,983 km) for $99,000. Many Supra enthusiasts were shocked at this asking price, but as it turns out, it may have actually been conservative.
(https://images.carscoops.com/2019/03/bb055ca8-1994-toyota-supra-twin-turbo-targa_3.jpg)
Depending on the market, the twin-turbo, fourth-generation Supra pumped out up to 321 hp at 5600 rpm and 315 lb-ft (427 Nm) of torque at 4000 rpm. Range-topping models sold in the United States could reach 62 mph (100 km/h) in less than 5 seconds and record low-13 second runs down the quarter mile.
The Mk4 Supra is also a favorite among tuning companies and finding one that's original without a huge number of miles on the clock is difficult. So maybe we shouldn't be surprised this example sold for so much then.
Link: https://www.carscoops.com/2019/03/1994-toyota-supra-twin-turbo-just-sold-for-nearly-174000/
Retarded.
Time marches on. The Boomer nostalgia demand for 60s Muscle cars sent prices for them through the roof, now they're going down. I guess the early Ricers are starting to get a bit nostalgic for their 'old' cars now. Soon we'll be seeing 80s/90s Maximas and Civics going for astronomical prices; fart cans and all.
Quote from: FoMoJo on March 11, 2019, 12:10:12 PM
Soon we'll be seeing 80s/90s Maximas and Civics going for astronomical prices; fart cans and all.
No, we won't, just like there were plenty of cars from the 60s that never reached collector status.
I don't know how accurate this site is, but according to them, there were fewer than 4000 Turbo Supras with the 6-speed sold in the US. They're rare cars that have always been highly regarded - it shouldn't be surprising that a stock, low mileage example in good condition is commanding this kind of money.
http://mkiv.com/specifications/sales_numbers/retail_sales.html
The Supra is a rare and important car. These prices make 100% sense.
Quote from: 12,000 RPM on March 11, 2019, 12:26:24 PM
The Supra is a rare and important car. These prices make 100% sense.
At half that price. Maybe.
Quote from: BimmerM3 on March 11, 2019, 12:23:05 PM
No, we won't, just like there were plenty of cars from the 60s that never reached collector status.
I don't know how accurate this site is, but according to them, there were fewer than 4000 Turbo Supras with the 6-speed sold in the US. They're rare cars that have always been highly regarded - it shouldn't be surprising that a stock, low mileage example in good condition is commanding this kind of money.
http://mkiv.com/specifications/sales_numbers/retail_sales.html
I was kidding :lol:.
It's an often asked question. How much is this vintage car worth? The answer is what someone is willing to pay for it.
Quote from: BimmerM3 on March 11, 2019, 12:23:05 PM
No, we won't, just like there were plenty of cars from the 60s that never reached collector status.
I don't know how accurate this site is, but according to them, there were fewer than 4000 Turbo Supras with the 6-speed sold in the US. They're rare cars that have always been highly regarded - it shouldn't be surprising that a stock, low mileage example in good condition is commanding this kind of money.
http://mkiv.com/specifications/sales_numbers/retail_sales.html
You never know - the '55/'56/'56 Chevy was the Camcord of its day. Prices never got "astronomical" for them save for something uber rare like a '57 Fuelie but they did attain collector status.
As to this Supra, not a huge fan - 10x more reliable/durable than anything else of the day but way overpriced and overhyped WRT performance. But it did have its fans and that determines a lot.
Quote from: Rockraven on March 11, 2019, 12:51:43 PM
At half that price. Maybe.
See below:
Quote from: shp4man on March 11, 2019, 01:02:52 PM
It's an often asked question. How much is this vintage car worth? The answer is what someone is willing to pay for it.
If it were worth half that price.... it would have sold at half that price.
IMO the Supra is notable more for being the swan song of the Japanese economic bubble than it is for its virtues as a sports car/GT. The FD and Skyline were much more noteworthy performers.
Yawwwwn. People are dumb as hell. This isn't a $10,000 car, or even a 10 second car. More like a 10 minute car.
Quote from: Eye of the Tiger on March 11, 2019, 01:40:47 PM
Yawwwwn. People are dumb as hell. This isn't a $10,000 car, or even a 10 second car. More like a 10 minute car.
Bullshit. Tuna Race Wars. Spoooon!
Quote from: Soup DeVille on March 11, 2019, 02:49:11 PM
Bullshit. Tuna Race Wars. Spoooon!
Toretto! SWAT came into my house and disrespected my whole family because your Supra ran out of NOS!!!
NAWWWSSS! Danger to Manifold!
Quote from: 12,000 RPM on March 11, 2019, 01:35:34 PM
See below:
If it were worth half that price.... it would have sold at half that price.
Common yet lazy and naïve saying.
Quote from: Soup DeVille on March 11, 2019, 03:08:49 PM
NAWWWSSS! Danger to Manifold!
The manifold is attached to the floorboard, right?
Quote from: Eye of the Tiger on March 11, 2019, 03:13:52 PM
The manifold is attached to the floorboard, right?
Attached to the seat and goes through the floor. Lets you relieve yourself when the turbos kick in.
Quote from: Rockraven on March 11, 2019, 03:10:23 PM
Common yet lazy and naïve saying.
How so?
Auctions are a virtually perfectly efficient means of market value determination.
Quote from: GoCougs on March 11, 2019, 03:54:29 PM
How so?
Auctions are a virtually perfectly efficient means of market value determination.
I mean it could be just 2 people in the world who really like the car. In which case 1 auction result means practically nothing when extrapolated to the whole market. You need similar results in multiple auctions.
Quote from: CaminoRacer on March 11, 2019, 03:59:08 PM
I mean it could be just 2 people in the world who really like the car. In which case 1 auction result means practically nothing when extrapolated to the whole market. You need similar results in multiple auctions.
A couple a really big F & F fans?
Quote from: GoCougs on March 11, 2019, 03:54:29 PM
How so?
Auctions are a virtually perfectly efficient means of market value determination.
Negative. I attend auctions almost every other weekend, and rarely does something go for it's actual worth. More often than not, people grossly overpay because they are caught up in the bidding. Conversely, items get grossly undersold because the interest in that item is not in attendance.
Quote from: Eye of the Tiger on March 11, 2019, 03:13:52 PM
The manifold is attached to the floorboard, right?
No, the manifold pressure safety release blowoff panel IS the floorboard.
I thought the floor was like one big manifold.
Quote from: CaminoRacer on March 11, 2019, 03:59:08 PM
I mean it could be just 2 people in the world who really like the car. In which case 1 auction result means practically nothing when extrapolated to the whole market. You need similar results in multiple auctions.
Quote from: Rockraven on March 11, 2019, 04:09:44 PM
Negative. I attend auctions almost every other weekend, and rarely does something go for it's actual worth. More often than not, people grossly overpay because they are caught up in the bidding. Conversely, items get grossly undersold because the interest in that item is not in attendance.
How big is the "whole market" for ultra low mile/as-new 4th gen Supras?
Thus, by definition, 1 auction result, esp. something so widely advertised as this auction, literally means everything, thus, also by definition
2, the ("whole") market value is ~$174,000.
Quote from: Laconian on March 11, 2019, 05:04:39 PM
I thought the floor was like one big manifold.
A manifold for people?
Quote from: Laconian on March 11, 2019, 05:04:39 PM
I thought the floor was like one big manifold.
No, that's the manyhold. It holds many nawses.
Quote from: Soup DeVille on March 11, 2019, 05:22:08 PM
No, that's the manyhold. It holds many nawses.
With enough room for all of your GReddy and VTEC stickers.
Quote from: Rockraven on March 11, 2019, 04:09:44 PM
Negative. I attend auctions almost every other weekend, and rarely does something go for it's actual worth. More often than not, people grossly overpay because they are caught up in the bidding. Conversely, items get grossly undersold because the interest in that item is not in attendance.
So what's a better way? Private sales get into bidding wars too, only three buyers have no idea what the other bids are. I'd say public auctions are about as efficient as it gets, and this Supra sold for not a dollar more or less than it's worth.
I think you, like a lot of people, are angry that these are no longer affordable. But if you haven't bought one in the last 25 years you were probably were never gonna buy one in the first place
To me this is no different from an all original, Numbers Matching 25 year old 426 'Cuda with only 10K on the clock........ And we all know how much that would've went for at the time! :huh:
Quote from: 12,000 RPM on March 12, 2019, 05:00:27 AM
So what's a better way? Private sales get into bidding wars too, only three buyers have no idea what the other bids are. I'd say public auctions are about as efficient as it gets, and this Supra sold for not a dollar more or less than it's worth.
I think you, like a lot of people, are angry that these are no longer affordable. But if you haven't bought one in the last 25 years you were probably were never gonna buy one in the first place
Lol, no.
Quote from: Gotta-Qik-C6 on March 12, 2019, 06:39:14 AM
To me this is no different from an all original, Numbers Matching 25 year old 426 'Cuda with only 10K on the clock........ And we all know how much that would've went for at the time! :huh:
A 'Cuda from 1994? :lol:
Quote from: Rockraven on March 12, 2019, 07:00:28 AM
A 'Cuda from 1994? :lol:
(http://auto-database.com/image/plymouth-acclaim-pictures-7930.jpg)
Quote from: Rockraven on March 12, 2019, 07:00:28 AM
A 'Cuda from 1994? :lol:
Yes. An icon of the pinnacle of an entire era of performance cars.
Quote from: Rockraven on March 12, 2019, 07:00:28 AM
A 'Cuda from 1994? :lol:
Such a vehicle today is reliably a ~$1MM car. So yes, 1994 was probably about the last time those cars sold for $174k ;).
I personally think 90% of collector car "value" is a complete joke. Every 60s muscle car out there is made of mass produced parts and can be relatively easily "cloned" with mass produced parts. But oh the one originally assembled that way is worth 10x more then the one made from the same parts 50 years later. Give me a break. These things are not one off paintings handcrafted by an artist....its just an object bolted together from shit made on an assembly line.
I guess the seller of the Supra from January should have used the same auction house as this one.
http://www.thedrive.com/news/25788/a-stock-1994-toyota-supra-with-7000-miles-just-sold-for-an-insane-121000
Quote from: GoCougs on March 12, 2019, 09:40:59 AM
Such a vehicle today is reliably a ~$1MM car. So yes, 1994 was probably about the last time those cars sold for $174k ;).
I believe that the value of collector muscle cars will drop significantly as the boomers die off. The X genners, et al, will be pining over the old imports they had as youths. It's already starting to happen.
We saw the market for pre war classics, Duesenbergs, Cords, Packards, Model Ts, etc. shrink considerably a few years ago and the market for '60s muscle go crazy.
Quote from: BimmerM3 on March 12, 2019, 09:56:41 AM
I guess the seller of the Supra from January should have used the same auction house as this one.
http://www.thedrive.com/news/25788/a-stock-1994-toyota-supra-with-7000-miles-just-sold-for-an-insane-121000
Damn the market - damn it to hell.
Quote from: r0tor on March 12, 2019, 09:52:35 AM
I personally think 90% of collector car "value" is a complete joke. Every 60s muscle car out there is made of mass produced parts and can be relatively easily "cloned" with mass produced parts. But oh the one originally assembled that way is worth 10x more then the one made from the same parts 50 years later. Give me a break. These things are not one off paintings handcrafted by an artist....its just an object bolted together from shit made on an assembly line.
Huh? There is a ginormous swath of collectibles that were once "mass produced" that have an extremely durable and robust history - watches, firearms, toys, furniture, coins, jewelry, etc.
There are lists of old car values published, they're based on auction prices, mostly.
Cars on CL usually don't sell for those prices, depending.
Auction values (the six digit ones) are determined by 1%-ers swinging their dicks. The value to 99% of people is not considered.
Quote from: FoMoJo on March 12, 2019, 10:19:03 AM
I believe that the value of collector muscle cars will drop significantly as the boomers die off. The X genners, et al, will be pining over the old imports they had as youths. It's already starting to happen.
We saw the market for pre war classics, Duesenbergs, Cords, Packards, Model Ts, etc. shrink considerably a few years ago and the market for '60s muscle go crazy.
It might, but various collectible markets have endured, per the previous list.
Most cars of the are modified to great/significant extent, and that market is by far the most robust it's ever been, courtesy of ginormous gains in aftermarket tech, particularly electronics, proliferation of the GM LS motors, and gains in manufacturing tech. This demographic is young and I think will buoy the true collectibles for the foreseeable future.
Quote from: Rockraven on March 12, 2019, 06:59:44 AM
Lol, no.
Sometimes, life sucks. Better to acknowledge it than deny it. :huh:
Quote from: GoCougs on March 12, 2019, 10:29:42 AM
Huh? There is a ginormous swath of collectibles that were once "mass produced" that have an extremely durable and robust history - watches, firearms, toys, furniture, coins, jewelry, etc.
How many of those items can I get a catalog and order new parts to clone them...
I find it quaint that not understanding something makes the thing, rather than the person who doesn't understand it, stupid.
Would I pay $174K for a Supra Turbo? Hell no. But it's pretty obvious why someone would.
Quote from: r0tor on March 12, 2019, 11:33:14 AM
How many of those items can I get a catalog and order new parts to clone them...
Most of them - look anywhere from numerous replacement/NOS parts suppliers to eBay to reproduction manufacturers. Two collectible markets I play in - firearms and model trains - are exactly that. Most any classic of each is can be easily cloned or rebuilt (though it gets tricky with firearms owing to various laws about transfers, serial numbers, etc.) and is sometimes available for purchase as a new item.
By definition the market exists, and it's an extremely efficient one, and has been since the '90s. Emotion doesn't obviate reality.
So if I can buy NOS parts and build it from scratch, it's not worth anything more then the build cost
Then why do people buy old cars instead of building them?
Quote from: r0tor on March 12, 2019, 11:33:14 AM
How many of those items can I get a catalog and order new parts to clone them...
Some. And if you were to do so, your clone would never be a tenth as valuable as the original.
Quote from: r0tor on March 12, 2019, 12:30:03 PM
So if I can buy NOS parts and build it from scratch, it's not worth anything more then the build cost
*than.
But that's the least of the problems with this argument.
Quote from: Eye of the Tiger on March 12, 2019, 10:37:16 AM
Auction values (the six digit ones) are determined by 1%-ers swinging their dicks. The value to 99% of people is not considered.
Nor is it relevant. They're not buyers.
Quote from: r0tor on March 12, 2019, 12:30:03 PM
So if I can buy NOS parts and build it from scratch, it's not worth anything more then the build cost
You can't build a classic muscle car with NOS parts from scratch, though for a select couple (Camaro, Mustang) you can get pretty close with (mostly) aftermarket parts.
Even if you could so such a thing - either with NOS or aftermarket parts - your premise simply doesn't exist, ergo, neither does your argument. (That's not me speaking, it the market telling you how things are).
People who love old cars wouldn't really want a clone. Being old is part of the package.
Quote from: GoCougs on March 12, 2019, 12:39:16 PM
You can't build a classic muscle car with NOS parts from scratch, though for a select couple (Camaro, Mustang) you can get pretty close with (mostly) aftermarket parts.
Even if you could so such a thing - either with NOS or aftermarket parts - your premise simply doesn't exist, ergo, neither does your argument. (That's not me speaking, it the market telling you how things are).
Your failure is trying to treat a Choo Choo train or a Camaro like a piece of irreplaceable fine art. It is not.
You can reproduce the look of a Picasso, but it will never have his actual brush marks. Its an imitation. If I rebuild a GT350 from a donor car and a bunch of NOS parts - it's the same as a GT350 that rolled off the line.
All "value" in this crap is completely fake.
Quote from: r0tor on March 12, 2019, 12:56:31 PM
Your failure is trying to treat a Choo Choo train or a Camaro like a piece of irreplaceable fine art. It is not.
You can reproduce the look of a Picasso, but it will never have his actual brush marks. Its an imitation. If I rebuild a GT350 from a donor car and a bunch of NOS parts - it's the same as a GT350 that rolled off the line.
All "value" in this crap is completely fake.
Oh, r0tor, whatever you do, don't you ever stop.
It's all about the 'exclusivity' baby. A numbers matching car in mint condition whereby only 2 were made of that exact description, and the other one was junked, is gold.
It explains this...$3.5 million! This Hemi Cuda is the most expensive Mopar ever (https://www.roadandtrack.com/car-culture/a8181/1971-plymouth-hemi-cuda-convertible-sells-for-35-million-most-expensive-mopar-ever/)
It may be a crap car, but it's the only one, maybe.
Quote from: shp4man on March 12, 2019, 12:49:51 PM
People who love old cars wouldn't really want a clone. Being old is part of the package.
Virtually everyone understands the premise of a collectible, even if they're not into a particular type, or can't afford it, or whatever.
Damn, some of ya'll sound pretty jealous that some people enjoy spending their money :lol:
This is a silly argument, even by CarSpin standards.
Quote from: BimmerM3 on March 12, 2019, 01:21:04 PM
This is a silly argument, even by CarSpin standards.
At least this argument is about cars. :huh:
Quote from: r0tor on March 12, 2019, 12:56:31 PM
If I rebuild a GT350 from a donor car and a bunch of NOS parts - it's the same as a GT350 that rolled off the line.
If you build a GT350 from a donor car and NOS parts, by your own definition it's not a complete GT350 that rolled off the line.
And at the risk of sounding like Cougs, "value" is the fuel & lube of human civilization. $174K Supras included
Quote from: FoMoJo on March 12, 2019, 01:25:24 PM
At least this argument is about cars. :huh:
Except not really. It's just semantics regarding the difference between personal value and market value.
Quote from: BimmerM3 on March 12, 2019, 01:37:33 PM
Except not really. It's just semantics regarding the difference between personal value and market value.
...of cars. :huh:
Quote from: BimmerM3 on March 12, 2019, 01:37:33 PM
Except not really. It's just semantics regarding the difference between personal value and market value.
There is no difference :lol:
Quote from: 12,000 RPM on March 12, 2019, 02:06:43 PM
There is no difference :lol:
Not according to you...
Quote from: 12,000 RPM on March 12, 2019, 11:37:47 AM
Would I pay $174K for a Supra Turbo? Hell no. But it's pretty obvious why someone would.
Quote from: 12,000 RPM on March 12, 2019, 01:27:17 PM
If you build a GT350 from a donor car and NOS parts, by your own definition it's not a complete GT350 that rolled off the line.
And at the risk of sounding like Cougs, "value" is the fuel & lube of human civilization. $174K Supras included
So what's the difference between a real GT350 and a properly done fake one. It's all Exactly the same parts - except the fake one wasn't assembled by yam heads that put ~5 defects into it on the assembly line
Quote from: r0tor on March 12, 2019, 02:50:00 PM
So what's the difference between a real GT350 and a properly done fake one. It's all Exactly the same parts - except the fake one wasn't assembled by yam heads that put ~5 defects into it on the assembly line
The original is original, and nobody can make any more. Its value is in its rarity.
Yes, one could build a fairly passable clone out of parts, but it won't be as valuable; because someone else also could make a good fake.
Its 0% about which car is better. One could buy an objectively better car at any dealership in the country.
Going to this local auction. It's in a small hamlet nearby, and I hope nobody there knows the real value of a 1968 Shelby GT500KR.
https://sullivanauctions.com/event/auction-garage-equipment-and-vehicles-auction/
Quote from: Soup DeVille on March 12, 2019, 02:57:50 PM
The original is original, and nobody can make any more. Its value is in its rarity.
Yes, one could build a fairly passable clone out of parts, but it won't be as valuable; because someone else also could make a good fake.
Its 0% about which car is better. One could buy an objectively better car at any dealership in the country.
Which is crap because a car is made of parts - and if all the parts are assembly line parts and assembled correctly... then it's a car
The notion of treating it like fine art is crap and will eventually die once people have something else popular to throw money at.
Quote from: r0tor on March 12, 2019, 03:28:10 PM
Which is crap because a car is made of parts - and if all the parts are assembly line parts and assembled correctly... then it's a car
The notion of treating it like fine art is crap and will eventually die once people have something else popular to throw money at.
We understand that you feel this way. Clearly, much of the rest of the world doesn't. So what's the point of arguing about it? We're just going in circles here.
Quote from: r0tor on March 12, 2019, 03:28:10 PM
Which is crap because a car is made of parts - and if all the parts are assembly line parts and assembled correctly... then it's a car
The notion of treating it like fine art is crap and will eventually die once people have something else popular to throw money at.
:shrug: And the Taj Mahal is just made out of rocks.
Quote from: r0tor on March 12, 2019, 03:28:10 PM
Which is crap because a car is made of parts - and if all the parts are assembly line parts and assembled correctly... then it's a car
The notion of treating it like fine art is crap and will eventually die once people have something else popular to throw money at.
I think you don't understand what the old car hobby really is. Most collectors value cars that mean something to them personally. Like it was their first car, a model they wanted in high school, a vehicle that a friend or family member had back in the day....
Example: I'd like to have a truck just like my Grandpa's was when I was a kid. It was a faded, red 1950 Chevy pickup.
It's not about a better vehicle, it's about the personality of the vehicle.
Quote from: Rockraven on March 12, 2019, 03:00:58 PM
Going to this local auction. It's in a small hamlet nearby, and I hope nobody there knows the real value of a 1968 Shelby GT500KR.
https://sullivanauctions.com/event/auction-garage-equipment-and-vehicles-auction/
Should be fun watching the bidding. The Boss 302 would be great investment if it goes low.
Quote from: Soup DeVille on March 12, 2019, 03:32:28 PM
:shrug: And the Taj Mahal is just made out of rocks.
There's an Eiffel Tower at King's Island in Cincinnati. (And a tiny one in Vegas)
Quote from: FoMoJo on March 12, 2019, 03:40:51 PM
Should be fun watching the bidding. The Boss 302 would be great investment if it goes low.
Quick research on NADA (proper, professional valuation) shows the Shelby to be worth $157,000 low, $275,000 high. There's no reserve. Fuck me. I should call my brother for backup if the bidding stays affordable.
Just to further my point, if this ends up selling for $15,000, does NADA have to adjust its valuation accordingly? Worth what some idiot's willing to pay for it, right?
Quote from: shp4man on March 12, 2019, 03:38:41 PM
I think you don't understand what the old car hobby really is. Most collectors value cars that mean something to them personally. Like it was their first car, a model they wanted in high school, a vehicle that a friend or family member had back in the day....
Example: I'd like to have a truck just like my Grandpa's was when I was a kid. It was a faded, red 1950 Chevy pickup.
It's not about a better vehicle, it's about the personality of the vehicle.
That in no way shape or form represents the "value" of a $3 million Cuda
Quote from: r0tor on March 12, 2019, 04:00:19 PM
That in no way shape or form represents the "value" of a $3 million Cuda
No, the value is represented by the fact that somebody would rather have that 'Cuda than 3 million dollars.
That's really all there is to it.
Bubbles are built on irrational ideas and then bubbles pop back to reality... Doesn't mean that the valuation was correct in the bubble
One thing to bear in mind is that, often, collector cars are seen as an investment. Those who buy them would likely realize a profit if/when they sold them. No different from any other collectible.
Quote from: Soup DeVille on March 12, 2019, 12:38:21 PM
Nor is it relevant. They're not buyers.
I would be a buyer if the prices weren't severely inflated.
Quote from: r0tor on March 12, 2019, 03:28:10 PM
Which is crap because a car is made of parts - and if all the parts are assembly line parts and assembled correctly... then it's a car
The notion of treating it like fine art is crap and will eventually die once people have something else popular to throw money at.
You thinking something is crap doesn't make it crap.
Quote from: r0tor on March 12, 2019, 04:15:03 PM
Bubbles are built on irrational ideas and then bubbles pop back to reality... Doesn't mean that the valuation was correct in the bubble
Bubbles don't last for decades
Quote from: Eye of the Tiger on March 12, 2019, 04:24:45 PM
I would be a buyer if the prices weren't severely inflated.
You just need to figure out the next cycle. '70s cars are now gaining popularity; from old farts who had once pined for a '76 Oldsmobile Cutlass.
Quote from: FoMoJo on March 12, 2019, 04:30:23 PM
You just need to figure out the next cycle. '70s cars are now gaining popularity; from old farts who had once pined for a '76 Oldsmobile Cutlass.
Can't you tell that I'm hoarding pickup trucks that nobody else wants right now?
Anyway, if you consider the true value of something as a percentage of the buyer's net worth, this Supra is probably equivalent to 2% or less. In my case, I have no net worth, but let's call it annual income. 2% of my shit income is about $600. I would gladly bid 3% of my annual income for this Supra. You see, now I win the dick swinging contest.
Quote from: r0tor on March 12, 2019, 04:15:03 PM
Bubbles are built on irrational ideas and then bubbles pop back to reality... Doesn't mean that the valuation was correct in the bubble
It was worth that amount at that time. Tomorrow, as always, could be a different story.
Quote from: Soup DeVille on March 12, 2019, 03:32:28 PM
:shrug: And the Taj Mahal is just made out of rocks.
Ugh. What a piece of shit.
Most collectors aren't in it for the money. That's part of it, but the car is more important than it's value. There are some pure investors in it, but true old car lovers tend to look down on them as parasites. I wouldn't keep a car I was afraid to drive because of it's value.
Although if I did inherit something like a Hemi 'Cuda I'd take it out and thrash it. A little bit. ;)
Quote from: Eye of the Tiger on March 12, 2019, 04:36:50 PM
Can't you tell that I'm hoarding pickup trucks that nobody else wants right now?
Anyway, if you consider the true value of something as a percentage of the buyer's net worth, this Supra is probably equivalent to 2% or less. In my case, I have no net worth, but let's call it annual income. 2% of my shit income is about $600. I would gladly bid 3% of my annual income for this Supra. You see, now I win the dick swinging contest.
Speaking of your collection, the Ranger, presuming that it can be restored to a reasonable condition, will likely be worth a few bills to the right buyer. The prices I've seen for 20 year old Rangers is quite surprising.
Quote from: FoMoJo on March 12, 2019, 05:09:33 PM
Speaking of your collection, the Ranger, presuming that it can be restored to a reasonable condition, will likely be worth a few bills to the right buyer. The prices I've seen for 20 year old Rangers is quite surprising.
The question is, is it worth more with a paint job, or the "patina"?
Quote from: Eye of the Tiger on March 12, 2019, 05:17:21 PM
The question is, is it worth more with a paint job, or the "patina"?
Depends on whether the 'patina' is full of holes. :huh:
Quote from: FoMoJo on March 12, 2019, 05:33:50 PM
Depends on whether the 'patina' is full of holes. :huh:
That's Dimensional Patina, philistine.
Quote from: FoMoJo on March 12, 2019, 05:33:50 PM
Depends on whether the 'patina' is full of holes. :huh:
Bullet holes? Not yet
https://youtu.be/G3ja6Hn8ps4