Will this prove to be self-perpetuating though? With Sheffield moving up to the next level of lunacy, and we start all over again?
Hi Chris,Yes he's private (i think)but he likes Ducati's and sells as well on the side, i did send him messages last year on the 996r before i brought mine
Of course. That’s what they’ve always done, and like sheep we all follow behind. Greed will always prevail.
And lots don’t that I know of. That’s why- for example- the 8 or 9 D16s that are suddenly for sale now that ‘values have increades’- are relisted without being sold every week. Asking isn’t getting. And the notion that “I’ll just put it out there and see if I win but I don’t care if it doesn’t sell” makes it impossible to buy something nice now. Everyone thinks they’re a shrewd investor/ speculator now, rather than someone who’s lucky enough to own a lovely thing.
True - but I invest for a reason - and that reason is to have enough money to retire early and enjoy life. I don't pay over the odds for bikes, although my last 2 have been up there I guess. My 996R I bought in January was £9k less than the Jap import on Ebay and has much less miles and full UK history, so you can still find 'reasonable' prices - like the 999R that was on Ebay 2 months ago - no one bought it at the 'reasonable' expectation of the owner - except a dealer who snapped it up and stuck a few grand on it. If I speculate with bikes it's something I have a passion for - I don't wish for conventional investments. Also I run a 'niche' business which would pay me a wage (low overheads) but choose to work in a full time professional career too: so that's 50+ hours before I even think of my business which is a 7 days a week commitment. The business bought the last bike (and has it on stock - non depreciating) as I would pay 40% tax due to being just over the threshold in my day job. I just see it as making sense for me and it's something I enjoy - and yes it would be good to realise some profit and retire early. I count myself lucky certainly, but I do work for it too Overall I agree with your sentiments - but everyone can't have cheap rare bikes and the market will always find the worth at any point in time, same with £50K Mk1 Escorts and the like...
I agree with you both in principal and in sentiment- and- for the avoidance of doubt- my comments weren’t directed at you personally, only on the ‘market’ as a whole. Like you, I buy/ bought things because I loved them first, and secondly because they were a safe/ sensible (as much as these things can be) purchase, that was to some extent going to underwrite my Fun.
I buy what I like. I just try to do it sensibly and have only ever bought one new bike in my life. If I lose money, I lose money. It's not my driver for buying them. But I give myself every chance.
Me too. Win some, lose some: it’s all win, as I still got to enjoy the bike. It’s just Fun tax, and there’s far worse ways to lose money.
I was the highest bidder for the above mentioned 999R when it suddenly disappeared from eBay.I’m not one of these people who emails the seller asking if he has a buy it now price when it is being sold as an auction,so very frustrating when a dealer comes in and takes the bike only for it to reappear the very next day at £2k more!
