Toyota 2000GT
12-27-17, 06:56 PM
#1
Pit Crew
Thread Starter
Toyota 2000GT
Have always lusted after a 2000 GT. Would like opinions on how good of an investment you think it would be. I think it would be a great companion to my LFA.
12-27-17, 08:23 PM
#2
Certainly a fun idea.
A few years back these were 7 figure cars.
There are 2 currently listed by Hemmings that are worthy possible targets.
https://www.hemmings.com/classifieds.../toyota/2000gt
The target price for the restored one ($600 to $700K) felt low to me but perhaps the market has slipped (no idea why).
The second one probably has a big number as it is a very low mile car.
It would be reasonable to assume that future collectors would like a 200GT conveniently paired with an LFA.
The thing is, would you be better off putting the money it would take to acquire a 2000GT to use with some 60s 12 cylinder Ferraris and Lambos that might have stronger appreciation rates.
A few years back these were 7 figure cars.
There are 2 currently listed by Hemmings that are worthy possible targets.
https://www.hemmings.com/classifieds.../toyota/2000gt
The target price for the restored one ($600 to $700K) felt low to me but perhaps the market has slipped (no idea why).
The second one probably has a big number as it is a very low mile car.
It would be reasonable to assume that future collectors would like a 200GT conveniently paired with an LFA.
The thing is, would you be better off putting the money it would take to acquire a 2000GT to use with some 60s 12 cylinder Ferraris and Lambos that might have stronger appreciation rates.
12-27-17, 09:51 PM
#3
Why would the classic market tank?
What I have found is that I make money, no matter what moron is in the White House.
The super haves (the 0.5% and above) are doing/will do great, and they like having such toys to enjoy and/or show to friends.
It is all about the car you pick.
I worked at a Big Biotech in MA for most of my career. This one guy near the top or the org chart was an amazing picker (275 GTB alloy body, DB4 supercharged convertible, 300SL Gull wing, all purchased ahead of their price trajectory changes upward).
What I have found is that I make money, no matter what moron is in the White House.
The super haves (the 0.5% and above) are doing/will do great, and they like having such toys to enjoy and/or show to friends.
It is all about the car you pick.
I worked at a Big Biotech in MA for most of my career. This one guy near the top or the org chart was an amazing picker (275 GTB alloy body, DB4 supercharged convertible, 300SL Gull wing, all purchased ahead of their price trajectory changes upward).
12-28-17, 04:33 AM
#4
Driver School Candidate
You only lose money if you have to sell. Market always comes back. If you can add to your collection while market is down its even better. I plan on adding a new “hyper car” next downturn.
Last edited by Goldenboys; 12-28-17 at 05:01 AM.
12-28-17, 10:55 AM
#6
Driver School Candidate
Why would the classic market tank?
Is that really a question? Same reason as always: the objects' real value (were you really going to drive it to work?) is .01% of their trading price, and one day everyone woke up, looked at the stock market, decided they wanted to keep their house instead. The value of a "collectable" is determined by the most hysterical, foolish, gullible investor. When their risk aversion reaches the red zone, they bail.
Market always comes back
Right, like it did after 1929 - it only took a depression, a war, and 16 years.
When will Bear-Sterns "come back"?
Is that really a question? Same reason as always: the objects' real value (were you really going to drive it to work?) is .01% of their trading price, and one day everyone woke up, looked at the stock market, decided they wanted to keep their house instead. The value of a "collectable" is determined by the most hysterical, foolish, gullible investor. When their risk aversion reaches the red zone, they bail.
Market always comes back
Right, like it did after 1929 - it only took a depression, a war, and 16 years.
When will Bear-Sterns "come back"?
I was talking about collector car market. Not bear sterns or anything else. Dont trade or invest in equities. Have a real life job myself where we make real things
12-28-17, 05:19 PM
#7
Driver School Candidate
Its worth what someone is willing to pay at any given time. Like any purchase or investment if you cant afford to lose it all dont get involved. If you want the car get it. Dont know what this person means by mentioning scrap metal.
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12-28-17, 09:27 PM
#8
My sense is he may pointing to scenarios where the owner opts to part out the car and the issues that may ensue.
I continue to say the folks with real coin (business owners, big family money, entrepreneurs) will always be able to participate in collector car ownership.
If you keep to the brands these folks gravitate to and then find the models they dial into you should be fine (again the 275 GTB being an easy to understand model).
What is a bit unclear for the moment is how disruptive McLaren will be to the overall super car space. They pump models and upgrades out kinda too fast. Their quality system ain't resembling Toyota, Honda, Nissan. But their ability to get better performance and dial into the customer preference has been amazing (720S faster than Sean Penn can light up a smoke, ideal visibility, snazzy interior) and is likely to move some of the long term market into their corner.
I continue to say the folks with real coin (business owners, big family money, entrepreneurs) will always be able to participate in collector car ownership.
If you keep to the brands these folks gravitate to and then find the models they dial into you should be fine (again the 275 GTB being an easy to understand model).
What is a bit unclear for the moment is how disruptive McLaren will be to the overall super car space. They pump models and upgrades out kinda too fast. Their quality system ain't resembling Toyota, Honda, Nissan. But their ability to get better performance and dial into the customer preference has been amazing (720S faster than Sean Penn can light up a smoke, ideal visibility, snazzy interior) and is likely to move some of the long term market into their corner.
12-30-17, 04:34 PM
#9
Moderator: LFA, Clubhouse
If you love it, get it. Simple as that.
I'd never buy something like this as an investment, so I'm probably the wrong person to opine on this topic. Now if you're asking for opinions on how protected the value is, I'd just say I'd always be hesitant about buying a collectible that recently tripled in value - and in such a short time period, to boot (auctions from <400k to >1M in 4-5 years?).
I'd never buy something like this as an investment, so I'm probably the wrong person to opine on this topic. Now if you're asking for opinions on how protected the value is, I'd just say I'd always be hesitant about buying a collectible that recently tripled in value - and in such a short time period, to boot (auctions from <400k to >1M in 4-5 years?).
01-02-18, 07:27 AM
#11
Lexus Test Driver
I missed out on this one...https://bringatrailer.com/listing/1967-toyota-2000-gt/ That one was fully restored I believe...
01-02-18, 03:58 PM
#12
Moderator: LFA, Clubhouse
Yes, that's the one Quiros restored - I saw it when I visited him in Costa Rica. IIRC he bought it from Africa of all places.
01-05-18, 01:20 PM
#13
Driver School Candidate
Aron here (Orange County, CA).
Potential LFA buyer - still looking
I own a few really low mile, stock, Toyota Supra cars.
They are great for collectability and they are REALLY hard to find bone stock with low miles.
The Supra is the best of Japanese engineering from the 90s. The LFA is the best of the 2000s. etc.
They pair well together.
The values of truly mint, stock, low mile Supras have risen greatly in the past 5 years. supply/demand is the main reason.
I know the Supra isn't a 2000GT type of awe inspiring car, but you should pick one up.
email me if you want: info@napkin.com
I have a 1994 with 11,000 miles and a 1995 with 5,000 miles. both stock.
great cars to occasionally drive, take to shows, etc.
Aron
Potential LFA buyer - still looking
I own a few really low mile, stock, Toyota Supra cars.
They are great for collectability and they are REALLY hard to find bone stock with low miles.
The Supra is the best of Japanese engineering from the 90s. The LFA is the best of the 2000s. etc.
They pair well together.
The values of truly mint, stock, low mile Supras have risen greatly in the past 5 years. supply/demand is the main reason.
I know the Supra isn't a 2000GT type of awe inspiring car, but you should pick one up.
email me if you want: info@napkin.com
I have a 1994 with 11,000 miles and a 1995 with 5,000 miles. both stock.
great cars to occasionally drive, take to shows, etc.
Aron