who dictates classic car prices and the like... - Page 3

4Vman · 11-01-2008, 11:48 PM

Quote:

Originally Posted by aussiblue

Yes and No. As legendary as they are, if the had made 1 milliom GTHO Phase III's and most had survived they would not be getting today astonomical prices. Instead probably prices more like more common collectables like E type Jags and Panteras.

One reason for the high prices is those guys who were 18 in the 70's and wanted a GTHO are now empty nesters who probbaly at least own their house if not a lot more, and can now afford to spend the sort of money being asked. They are also close to retirement and will have the time to play with these beasts.

Allot of the H3 owners i know are between 35-45.. sure they're wealthy and successful, but they also have a huge passion for their heritage as the Icon of Fords Motorsport involvement.

But.. IMO things have peaked, buyers are getting very picky, i don't think prices will drop per sey.. just level out.
You wouldn't buy a GT or HO at market rates as an investment that's for sure, you'd only pay market rates because you want one...
The lower end of the scale has run its race too, riding largely on the back of HO prices.

cupic · 11-01-2008, 11:58 PM

Quote:

Originally Posted by aussiblue

Not alone is also dependant on supply or the abundance of the model in question. The price will only rise when there are more people in the market wanting to buy than their are people willing to sell at that price.

Supply dictates demand
Demand dictates supply

They are interwoven

Economics 101

**aussiblue** · 12-01-2008, 12:10 AM

Quote:

Demand dictates supply

Hence the attempt to increase supply with clones and plans for a current GTHO. Actually it can be argued this is a case of potentially perfectly inelastic supply - no matter what the demand there will always only be a fixed number of the original Phase III GTHO's. However, the fact is as demand increases
supply will some extent meet demand as some of those holding a GTHO will relinquish it to market at the price where the utility of the higher price exceeds the utility of owning the car.

http://www.amosweb.com/cgi-bin/awb_n...ctly+inelastic

Quote:

Perfectly inelastic means that quantity demanded or supplied is unaffected by any change in price. In other words, the quantity is essentially fixed. It does not matter how much price changes, quantity does not budge. Perfectly inelastic demand occurs when buyers have no choice in the consumption of a good. In an analogous way, perfectly inelastic supply occurs when sellers have no choice in the production of a good.

PS Yes; I am one of those despised economists amongst other things; though not strictly working in that field in the last few years.

[Tonko] · 12-01-2008, 12:17 AM

It depends where you live aswell, eg. NQ XF's sell for 3-5k, down here, well my mate couldnt sell a MINT XF ghia with a sunroof and barely 100,000k's for $800.

What shits me more is the people who use Evil-Bay as a price indicator.

Quasi · 12-01-2008, 01:18 AM

Quote:

Originally Posted by ZC-383

LOL@ you ...Yes they did but not off the showroom floor aye....drongo

You probably can't help being an ignorant ****, so I'll let it go this time. You made a broad statement, and all I did was point it out....where do you get off with the insults?

While we're at it...the Bathurst cars of the 70s weren't 'Showroom' cars any way.

Nostalgia · 12-01-2008, 01:22 AM

Quote:

Originally Posted by Quasi

You probably can't help being an ignorant ****, so I'll let it go this time. You made a broad statement, and all I did was point it out....where do you get off with the insults?

Almost 7 hours have passed so i think its time to move on guys. No good can come from this.

Quasi · 12-01-2008, 01:26 AM

Quote:

Originally Posted by NostalgEA

Almost 7 hours have passed so i think its time to move on guys.

I agree, and it was a knee-jerk reaction.....but this kind of bull is all fine accross the safety of the web. Ya get some of these guys in one place and it's all 'sunshine and light'.

To make a point is one thing, but it's that sort of BS that causes threads to be locked. I'm on here for a friendly discussion, and I have no intentions of eating that sort of s * * t.

Justin@ · 12-01-2008, 01:43 AM

Quote:

Originally Posted by Quasi

You probably can't help being an ignorant ****, so I'll let it go this time. You made a broad statement, and all I did was point it out....where do you get off with the insults?

While we're at it...the Bathurst cars of the 70s weren't 'Showroom' cars any way.

Go back and read what was said ...read it slowly and if you still dont get it i can do it again in crayon as that seems to be your level....

Nostalgia · 12-01-2008, 01:46 AM

PM time i think. Or the bad post feature is always there. Lets keep it tidy fellas. Time to get back on topic.

iamdeath · 12-01-2008, 09:07 AM

whoa guys this thread hasnt gone the why i planned when i started it..anyways all it has really done is proved the amount of waankers on here are large..

**Falcon Coupe** · 12-01-2008, 09:45 AM

Quote:

Originally Posted by iamdeath

whoa guys this thread hasnt gone the why i planned when i started it..anyways all it has really done is proved the amount of waankers on here are large..

You also had you're own thread locked.