14 replies to this topic

[77lx308]

2 thoughts.

1. Baby Boomers currently have lots of money (well some of them) and are of course splashing out on toys that they can play with during their retirement. When that generation dies off then yes the value of the cars will then devalue.

2. Balance that with the fact that in 20 years time what we think as expensive (60K) is probably just going to be the price of a normal hatchback. So they will probably still retain value but maybe not the same value in relation to other more modern cars. (ie currently 3 times the price of a base hatchback).

Having said all of that. If I knew what the price was going to do - I would buy or sell and make lost of money and retire.

The fact that I am still working goes to show what I know.

[rodomo]

Ol' Fred http://www.gmh-toran...moving-forward/

[RallyRed]

Hmmmmm..
Classic, Muscle & Barn Finds Auction A732 (CC157) - Lot 370
https://www.lloydson...712&lid=2611438

[hanra]

Didnt have a COVID tax in 2018....

[kudu]

This topic is a common one over here while sinking a few cold ones...And here are my 2.5 cents worth...

 

I think the prices for Aussie classics will come down quite a bit in the future. Everything rises and falls. Sure they are going up and up now. But I think in 20-30 years it will be a whole different ball game. Lets play out a scenario of a kid born today, in February 2021.

 

Basically you want the cars that were Tough, looked cool cruising down your street or in town, basically what you drooled over when you were growing up. So a kid born today is not really going to know about Brock ruling the mountain in a torana, or the battles with Moffat except in history books. If he is a kid who is into cars, he will be into the cool cars cruising the streets when he is 15, which will be 2036.  The car that he says to himself "I'm going to have one of those when I'm older.

 

In 2061, when the kid in question is 40 our beloved Torana's will be more than 80 years old. (So that is the equivalent of cars from the 40's to us today.) Now you are the the old codger that lives down the road from our 40 year old and you have a Torana in his shed, that you paid $100,000 for it way back in 2021, and you have decided to sell it to pay for your medical bills and up coming move to the old folks home. (Because you are well into your 80's now) Will that 40 year old in 2061 want to pay that sort of money for it?? I doubt it.

 

We love torana's, and if you're lucky enough to afford one and answer your childhood dream then good on you. But will the next generation want them????   If there is no desire for them in the coming decades then the prices will drop. My dad was a car nut and he raced in speedway, so we were raised around fast cars. But I know the cars that my dad thought were cool I wouldn't want to own and I think I even referred to them as shitters growing up as they were not cool cars to me.

 

So will that kid born today want to pay that much for a car that he has never even seen on the streets?? I doubt it. And this is one of these reasons that I think the value will drop out of classic aussie cars in the future. What will the kids born today, or even the 10 year olds desire?? More likely a vintage SS-V Commodore.............. 

[Dr Terry]

In 2061, when the kid in question is 40 our beloved Torana's will be more than 80 years old. (So that is the equivalent of cars from the 40's to us today.) Now you are the the old codger that lives down the road from our 40 year old and you have a Torana in his shed, that you paid $100,000 for it way back in 2021, and you have decided to sell it to pay for your medical bills and up coming move to the old folks home. (Because you are well into your 80's now) Will that 40 year old in 2061 want to pay that sort of money for it?? I doubt it.

You make some very valid points here but $100,000 in 2061 will be small change.

 

I remember when LH Toranas were new & I lusted after an SL/R5000 at $4,000 or so. I had a good job, but that sort of coin was beyond be, it was a bit like a house mortgage.

 

Today you could pay-wave that on your Visa card. The value of a $ changes a lot over 40 years.

 

Dr Terry

[rexy]

The 40s is a bad example, not much to love from that decade.

 

They are still churning out fibreglass replica 32 fords and the price of an original steel bodied one is insane.

This is the more likely future for the mighty Torana.

[Redslur]

The prices to be honest are dumb! When an every day old Ozzy car becomes more valuable than a house something is wrong. Prices will crash when reality hits the world again. 

 

On another note, I see the value in a "replica" or "tribute" car these days as the real deal are far to expensive for the average Joe to afford. The whole price thing has turned me off the badged cars now and I have had my share of big dollar cars over the years.

[kudu]

You're not wrong!

[S pack]

In 2061 our descendants probably won't be allowed to start an old fossil fuel ICE car let alone drive one on the roads.

[MFM]

Its hard to work out supply and demand. I've got a mate (mid 40's) that collects everything from old oil cans/vintage BMX bikes/Pin ball machines and gramaphones also has a mint 1979 Trans am (bandit). He's also owns several 1970's & 80 jap bikes . Look at vinyl records now, who would have thought they would have a resurgence. (Visit JB Hi Fi) and stereo's from that era. Everyone wants to own something rare that no-one else owns, fundamentally so they can brag  . coin collections are still pulling big $ (once again rare). Yes I see the point with the chitty chitty bang bang cars but there is still a market out there its just smaller than it used to be. People will always crave a hobby of some sort to distract them from daily life.

[RallyRed]

Agree, it all seems to indicate a fairly rich country, when so many people have their actual living expenses covered, and then look to spend on purely discretionary stuff. ( before we even consider the money laundering or whatever else may happen).

It's not just here, even in the U.S. which is reported as a  Covid basket case, the toys are still out there.

I watch a bit of the Mecum Auctions  ( collector cars etc) on the web. Last month was their biggest ever. In January, they sold nearly $150 million U.S. in cars and memorabilia. Their auctions seem to run from one , into the next, so it was nothing particularly special.

(There were some high end cars there though).

 

Some may say it's people doing it tough, unloading stuff....but someone else is still stumping up the cash to buy them.

[kudu]

In 2061 our descendants probably won't be allowed to start an old fossil fuel ICE car let alone drive one on the roads.

 

Exactly. That's another reason why I think the prices will drop. who is going to want to buy a car that will basically be a museum piece that you can't use? Buy them now and enjoy them!

[Ddstoys]

I collect pinball machines and old coin operated games and they have also gone through the roof like the muscle cars only way I can see them still being as valuable into the future is I’ve we suck as many kids into them as we can so far in failing miserably my son has zero interest in my games or my cars .


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