g40jon
Posted a lot
Posts: 2,569
|
|
|
Fairly sure there was another pug 205 gti recently up for sale around the 20k mark on ebay, so it isn't the only big value 205 around. Great if you own a mint car, but it is a bit sad that average Joe is being priced out by people buying these types of car as investments. Still I'm sure we have all done the same to some extent? I bought an e36 when prices were at scrap value. Had planned to keep it long term, but ended up selling it to fund a house resto. I made a small profit, but i'm sure if I had sat on it, it would have continued to go up at a far better rate than any savings account currently available. Perhaps that is half the problem? Savings are getting next to no interest, so people are chancing their money elsewhere.
|
|
|
|
|
|
|
|
Sorry G40jon. I agree with some of your statement, about interest rates being wibblepoo and hence people looking for other ways to make a bit of money.
But, I don't agree that it's a bit sad about 'average joe' being priced out, if average joe can't afford to buy in, then that's just life mate. Average joe, needs to work a bit harder, to become, exceptional joe and hence buy what he desires.
I have no problem with people buying up cars and keeping them pristine in nice warm garages, but it does annoy the curse word out of me, when someone with no clue buys a car to 'do up', then leaves it rot away on their driveway, because they didn't realise what was involved, or how much it would cost, or simply because they were dreaming.
|
|
BMW 2002 Tii (in total rehab)
BMW 1602 (Also in rahab !!)
|
|
ian65
Part of things
Posts: 276
|
|
Apr 19, 2016 19:41:00 GMT
|
|
|
|
|
ChasR
RR Helper
motivation
Posts: 10,195
Club RR Member Number: 170
|
big sale price for a 205ChasR
@chasr
Club Retro Rides Member 170
|
Apr 20, 2016 12:17:39 GMT
|
sadly at that price it may have gone to a collector who won't use it.... I hope not, these cars should be used. Credit to the guy who restored it though, it looks a great car and most of us would be proud to turn out a car like that..... I wonder how many of the people who've rubbished it have actually done a restoration this extensive? Definitely. I can sort of see where they are coming from however, jealousy or not; Peugeot's factory rustproofing was one of the best treatments in the day : I bet not as many Fords, Vauxhalls, VWs and J stuff have survived as well as a result with IME many aftermarket solutions are a bit 'meh' in their effectiveness as well. I'd have liked it more if it was stock but there is no doubt that alot of effort has gone into this car and it shows. It is possibly better than new in many ways going by the photos. The detailing underneath and within the engine bay are stunning. I also cannot remember the last time I saw a GTi interior that straight or clean, even from people selling their cars as 'mint' examples. It is a shame it has gone to a collector but it is the kind of car that will attract such attention. Even at 44k in great condition I reckon it would have gone for a small fortune.
|
|
|
|
ian65
Part of things
Posts: 276
|
|
Jul 31, 2016 16:44:43 GMT
|
|
|
Last Edit: Jul 31, 2016 16:51:41 GMT by ian65
|
|
|
|
Jul 31, 2016 16:47:36 GMT
|
I have no problem with people buying up cars and keeping them pristine in nice warm garages, but it does annoy the curse word out of me, when someone with no clue buys a car to 'do up', then leaves it rot away on their driveway, because they didn't realise what was involved, or how much it would cost, or simply because they were dreaming. *hides in corner*
|
|
I have a Jaguar XJS - RARRGHH! She is called Lily, and she is my best friend! goo.gl/bT3ASP <-- video of her
|
|
|
|
|
The world is unfortunately awash with rivet counters and other anal retentives.
To be fair, i'm not a big fan of trailer queens and concours restos, I think it defeats the object of a CAR. But knowing how much time, money and heartache goes into jobs like this, I would never belittle or criticize one out loud.
I was at a small but very interesting car club meet yesterday organised by the "No Name Car Club" in Stourbridge. I think that it was the most eclectic mix of cars i've ever seen in one small field everything from pristine 20s somethings to ratty MGFs and from a lovely original Nash Metropolitan to a fire breathing Blown and NOS 454cu in 68 Camaro Z28. Even in such congenial surroundings they were there, commenting, in the hearing of SWMBO, on my car (which I had washed and hoovered out for the occaision) because the seat is tatty and the paint is a bit flat. It's a daily driver FFS! It's a good job I wasn't there to hear them!
Steve
|
|
|
|
ChasR
RR Helper
motivation
Posts: 10,195
Club RR Member Number: 170
|
big sale price for a 205ChasR
@chasr
Club Retro Rides Member 170
|
|
I saw that car in the flesh and it has to be without question about the best 205 GTi I have ever soon in terms of condition. No overpolished paintwork, seats were immaculate as was the interior and the car was stock. If I had the cash I'd have probably have bought it over the other red car, but the issue with both is that they are too clean to use.
|
|
Last Edit: Aug 1, 2016 10:53:30 GMT by ChasR
|
|
|
|
|
If I had the cash I'd have probably have bought it over the other red car, but the issue with both is that they are too clean to use. Those sort of cars will never be used, 'least certainly not in anger. They're almost certainly being bought as investments in the same way as painting and antiques, and to actually use the car, put miles on it and - horror - possibly get a stone chip on it, would risk devaluing that investment. As for the red car, much of the "rubbishing" and "nit-picking" was as a result of the owner's attitude towards others - in short, it stunk, putting down and ridiculing other people who actually used and enjoyed their cars that were in most cases only trying to provide helpful advice. I'm personally surprised the red one made the money that it did, as usually originality and provenance is everything when it comes to top money cars - in that regard, it's no surprise that the silver one went for far more.
|
|
Last Edit: Aug 1, 2016 11:47:02 GMT by Anthony
1990 Peugeot 205 GTi 1.9 // 1991 Peugeot 205 GTi 1.9 16v // 1992 Peugeot 205 GTi 1.9 // 1999 Peugeot 306 Meridian HDi Estate
|
|
|
|
|
Thing is, prices are always going to go up. Decent car, car gets older, less of them about, the ones that are about get more valuable. Same goes for many other things in addition to cars. I don't think it's a bad thing necessarily, the more valuable they are the more likely people will take care of them so they'll stay about for longer/have less chance of rotting away on someone's driveway. People complaining about high values etc - if they were still £1k and there was no indication values would rise how many of those people would ACTUALLY go and buy one?
Those that can't afford to pay the money will just have to buy something else. I wish I could afford a Zonda but I can't, so I can't have one.
Also, what's to say the person that bought that isn't absolutely minted and £30k odd doesn't mean a lot to them? They need a regular driver/ A to B car, always wanted a 205, goes out and buys the best one he can find regardless of the cost.
|
|
|
|
|
|
|
|
The previous link to this auction is expired but you can still view the car on the previous auctions page. Peugeot 205 GTiIt is a remarkable car, if I had a ton of money I'd take a couple of Concours prizes with it, (might take a couple of £K to put back to Concours), then drive it as a daily runaround, albeit a cosseted one. The rest of that auction line-up is worth a look, very eclectic. Quite a few cars went for strong money, there was a Broadspeed Capri 3000E that cost someone over £50K!! Anglia Auctions - April 2016
|
|
Last Edit: Aug 1, 2016 12:21:11 GMT by MkX
|
|
|
|
|
Let's face it money in the bank is low risk but close to zero return, not surprising some people are looking at other options. The wife works with some cash rich people who diversify their assets fairly wide (sadly not into my account). They have wine they never intend to drink and cars they never intend to drive. Some of them never even see either, but pay companies to store/protect them.
|
|
|
|