stratfordshark wrote:
Sean Smallman wrote:
I agree about the auction being small, several of the cars have also been kicking around eBay for months. That said a much bigger auction at Goodwood had similar results. High mileage or non original cars did not sell.
12 months ago everything would have sold, the market has shifted. Maybe it will bounce back after Brexit, the same thing is happening across Europe and the States.
Whilst at the NEC last year, the most common question was "what should I buy as an investment". My stock reply is, buy a car you like and if it appreciates you've done well.
Like I said your car sounds good from the description, GLWTS.

Sean's read of the market is very shrewd. In my business we have to be well aware of consumer confidence and monitor it very carefully. Regardless of your politics, fact is confidence which was fragile anyway since the EU referendum, took a huge hit after the election created even more political uncertainty and confusion. The effects on housing and new car markets already clear.
Of course none of this affects multi-millionaires buying a GTO, but at our less rarified end of the Porsche market it has a very real, dampening effect.
You guys could well be right, to an extent at least. Been doing some research regarding classic / modern classic car market and the reports are all over the place and fairly contradictory, with the common theme being "we're not really sure" because some cars are still increasing, some cars expected to increase didn't, unexpected cars have increased etc etc But one thing they all seemed to agree on was that 80's and 90's cars (particularly sporty German cars inc the 944) are very popular and still climbing. However, most of those cars are still in the enthusiast budget range £2k - £10k. The 944 turbos seem to have increased to a no-mans land value i.e. They are now too expensive for your average enthusiast, and not likely to go high enough for a speculator (unless it's a rare variant or exceptional car).
Back to this car. It is still for sale and I have decided to try again with an auction. It will be in the Morris Leslie Classic Car auction on Sat 19th August at Errol Airfield, Perth. This is a much larger auction and much larger company. And this time the car will be in the brochure and on-line, and available for viewings well before the auction.
I need to move the car on so have set a relatively low reserve. If you have been sitting on the fence about the car get yourselves signed up and you might snag yourself a bargain.