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An audiophile and petrolhead's journal: Buckle up! - Page 412

post #6166 of 7371
Thread Starter 
A guy in Florida, but it appears he wants quite a lot for it. Not that I blame him.
post #6167 of 7371
Quote:
Originally Posted by Magick Man View Post

A guy in Florida, but it appears he wants quite a lot for it. Not that I blame him.


A lot as in Bugatti money. Or a lot for an historical racer?

post #6168 of 7371
Magick man do own a Veyron?

Also I think the Marussia B1 and B2 looks nice.
post #6169 of 7371
Thread Starter 
No, though they've tried hard to sell one to me. It really isn't my type of car.
Quote:
Originally Posted by Hutnicks View Post


A lot as in Bugatti money. Or a lot for an historical racer?

Over 80k, which I think is a little strong.


Remember me talking about the Koenigsegg 1:One's Nurburgring time a couple days ago? Well, here's the telemetry from Christian's phone (an iOS app was made for the car), that just happened to get shown (for ~2 frames) during a video that was being recorded.



Yep, there very well could be a new king of the `ring, I just don't understand why they're not crowing about it? Do they even care since it isn't an official "production car"?
Edited by Magick Man - 3/5/14 at 4:02pm
post #6170 of 7371
As I read the ad for the Marmon, it's not actually an authentic historical racer. It's a recreation from authentic parts - including an authentic chassis and an authentic engine. The description of the body was a bit odd - I think this is saying it is new?
Quote:
All hand formed aluminum with the exception of the original Marmon grille shell and original headlights. The aluminum body is absolute perfection, as is the fit and finish. The Body was built in Buenos Aries, Argentina.

I guess it's all a matter of degrees of authenticity when you are talking about historic racers. the likelihood of finding even a nearly complete, original race car from the 1920s must be incredibly rare.
post #6171 of 7371
Thread Starter 
It's nearly identical in description, and origin, as my type-35b. Some parts are original, most are recreations from Argentina (Pur Sang). That makes it worth ~20-30% of the value of a largely original car, which would be around $250k, so not having the original powertrain or body panels really hurts.
post #6172 of 7371

A recreation would bring the value way down on that.

 

Authentic can have a lot of interpretations.

post #6173 of 7371
Good grief, what does it cost for those Pur Sang body panels? I would think building a car like that would cost much more than $50K. That might be worse than the typical restomod muscle cars as far as being a foolish build from an investment perspective. It's probably MUCH better to be the second buyer than to be the builder.
post #6174 of 7371
Thread Starter 
Sorry, I was trying to say an all-original Marmon would be about 250k, an all-new Pur Sang "recreation" (a 100% accurate copy) would likely run $100k. A Pur Sang partial kit, like the one above, would probably be 50-60k, but you supply your own drivetrain.


Okay, I'm semi-seriously considering buying Spyker (controlling shares), word from a reliable source is that the company is up for sale and the price isn't bad at all. They have an amazing new design, it's like a Maserati and a Audi had a love child, that's already DOT/EU approved, but things are so bad they're trying to sell $150k preorders just to build the cars:

http://jalopnik.com/spyker-is-selling-bonds-so-it-can-build-the-b6-venator-1537374960

I really like my little C8 Turbo, it's a shockingly well made little car, and with the right marketing it could do very well here.
Edited by Magick Man - 3/6/14 at 3:04am
post #6175 of 7371
Quote:
Originally Posted by Magick Man View Post

Okay, I'm semi-seriously considering buying Spyker (controlling shares), word from a reliable source is that the company is up for sale and the price isn't bad at all. They have an amazing new design, it's like a Maserati and a Audi had a love child, that's already DOT/EU approved, but things are so bad they're trying to sell $150k preorders just to build the cars:

http://jalopnik.com/spyker-is-selling-bonds-so-it-can-build-the-b6-venator-1537374960

I really like my little C8 Turbo, it's a shockingly well made little car, and with the right marketing it could do very well here.

Still a better investment than bitcoins :tongue: Why are they selling the company anyways? 

post #6176 of 7371
Thread Starter 
Wow! Nevermind, they have over €20M in debt. eek.gif
post #6177 of 7371

As much as I love Spyker to death, I would never invest in the company. Maybe if they had pulled off the Saab buyout I'd have more confidence in their financial management, but there are very few botique supercar brands that have a decent financial team and I doubt that Spyker is one of them (hence the -€20,000,000).

post #6178 of 7371
Quote:
Originally Posted by Magick Man View Post

Sorry, I was trying to say an all-original Marmon would be about 250k, an all-new Pur Sang "recreation" (a 100% accurate copy) would likely run $100k. A Pur Sang partial kit, like the one above, would probably be 50-60k, but you supply your own drivetrain.

Okay, I'm semi-seriously considering buying Spyker (controlling shares), word from a reliable source is that the company is up for sale and the price isn't bad at all. They have an amazing new design, it's like a Maserati and a Audi had a love child, that's already DOT/EU approved, but things are so bad they're trying to sell $150k preorders just to build the cars:

http://jalopnik.com/spyker-is-selling-bonds-so-it-can-build-the-b6-venator-1537374960

I really like my little C8 Turbo, it's a shockingly well made little car, and with the right marketing it could do very well here.


Would that be to return them to profitability and then look for a company buyout, or as a long term ownership proposition?

post #6179 of 7371
Is the debt in the supercar business (Spyker Cars) or in the parent company (Spyker NV)?

I think a car company would be a really difficult business. The capital investment needed to do anything related to the cars is huge. Tooling, parts, assembly, distribution - the costs are enormous and the risks are high. The only thing worse would be an aircraft company... wink.gif

I think a better investment might be as a supplier. Build the body panels, or the transmissions, or the seats or whatever. You get a PO from the car company and you build to order. Much less fuss and bother than dealing with the end user. Be Pininfarina, not Ferrari.
Edited by billybob_jcv - 3/6/14 at 9:10am
post #6180 of 7371
Thread Starter 
The debt is in the car company, not the parent holding company, which is a basic shell. However, it's scattered all over different banks in Europe with interest rates all over the map, and a sizeable amount is from the Danish gov't itself. Some of it has even changed hands a few times due to default. That's not a hornet's nest to casually stick a hand into.

My friend Richard said, "Why don't you buy Saleen?" I laughed, and then... hmm... blink.gif
Edited by Magick Man - 3/6/14 at 10:16am
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