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Originally Posted by webster132
I'm sorry to burst any bubbles, but that's simply not the case. At least not for me. And not for any of my high-end buying car friends either. Value is a huge part my car buying process. Whether I'm buying a Boxster or a Lamborghini.
You just compare it to other options in the same league or segment. So no, I didn't consider a Miata when buying the Boxster, but I did consider an SLK. And I didn't consider a Corvette when getting the Lambo, but I did consider the Ferrari.
So if you, like me, like Porsches and like convertibles, but you want more performance than a stock S, you compare a Ruf Boxster to a C2S Cab and try to assign value to either option. What I'm sensing from the crowd here is that paying ~$100k for a convertible Porsche is a bad deal for them. I have absolutely no problem with that judgement, but it didn't feel all that relevant for this discussion.
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Hi,
I'm not saying your wrong, but clearly my experience has been much different.
I know several extremely wealthy people. Not just well-to-do Doctors, Lawyers, Businessmen, and such (though I know several of them too), but people with
generational wealth. Such as the Grandson of the founder of one of the leading pharmaceutical cos. (in your area actually). This guy only gets the interest on the interest of his Trust and that amounts to $33M/yr. He owns 18 classic Porsches, not just a 550 Spyder, but
the 550 Spyder driven by Hermann in the '54 Mille Miglia and such. His thing isn't so much classic Porsches as much as it is
significant classic Porsches - even more rare. He thinks nothing of paying more than he should for such cars.
Another friend and former business associate is a member of the Pritzker family, again from your neck of the woods. He owns $4.3B worth of the Pritzker wealth (Hyatt Hotels, TicketMaster, Royal Carribean Cruise Lines, the Marmon Group (8% of all Rail cars in the US) and more). Again, if something tickles his fancy, he just gets it, often paying more just because he has to have it. In several of his acquisitions, I fronted for him just to keep the price from skyrocketing because the seller would know a Pritzker was involved.
I would like to think that were I in their positions, I would be a little more value conscious, and I do know several others who are, such as my buddy who just bought a Ford GT. But, you never know...
Happy Motoring!... Jim'99
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