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I'm not sure about that; ie., 675 owner giving it up to go into a p14.



I'll probably get the p14 but not by giving up 675 coupe. I like the 675 coupe too much.



Based on the hype of P14 I don't think it will be so easy to get into the first year's allocations.


Absolutely. Not sure any drivers are chomping at the bit to get rid of their LTs. But what do I know? Not much apparently.
 

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Many say that a transparent public market is never wrong, as the most recent transaction price is by definition where buyer and seller agreed. Some say that a transparent public market is almost always wrong, as the next transaction price will almost always be different from the last.

Regardless of that, I thought the juxtaposition in this McLaren specialist (A. Bols) ad - in the most recent issue of evo, and placed immediately following their McLaren "Mega Test" - was curious.

We have a 675LT coupe being offered at £345k. That would be a minor premium over its list price despite the car's having only a few hundred miles on the clock and having received universal rave reviews by both journalists and owners.

In the same ad, we have an SLR 722, eight years older than the 675LT and with nine times as much mileage on it. Without wishing to offend anyone, I think it must be admitted that the reception of the SLR models was lukewarm at best; evo gave the 722 Edition three stars - an especially low rating for them.

The SLR is offered at £599k, more than a 50% premium over the 722's list price from eight years previously and 73% more than the price of the 675LT.

Yes, the market is what it is, but there are times when relative prices seem hard to reconcile.


With all due respect sir, apples and oranges.

Easier to reconcile when they aren't making any more derivatives of that chassis. We have a tub, engine and tires. It is what it is. And the different flavors are more alike than different.
 

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With all due respect sir, apples and oranges.

Easier to reconcile when they aren't making any more derivatives of that chassis. We have a tub, engine and tires. It is what it is. And the different flavors are more alike than different.
Yes, although they are both fruits. ;)

I was not trying to make a direct comparison, but the contrast kind of leapt off the page
 

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Does relative pricing ever make sense though? A 650 on trofeo tyres and bucket seats is maybe half the price of a 675 for example and they are 2 awfully similar cars. Or any modern Porsche RS vs the standard GT model, nevermind the older RS ones particularly the very earliest one.

the 722 does look very expensive I grant you but good examples of any SLR with strong history have to be pretty hard to come by and it's supposedly a rather rare (150 only if the website ad is right) model and rarity seems to trump absolute worth or common sense I might add where car prices are concerned.
 

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Does relative pricing ever make sense though? A 650 on trofeo tyres and bucket seats is maybe half the price of a 675 for example and they are 2 awfully similar cars. Or any modern Porsche RS vs the standard GT model, nevermind the older RS ones particularly the very earliest one.

the 722 does look very expensive I grant you but good examples of any SLR with strong history have to be pretty hard to come by and it's supposedly a rather rare (150 only if the website ad is right) model and rarity seems to trump absolute worth or common sense I might add where car prices are concerned.
Yes, I was trying to allude to what you articulate.

I wouldn't say that Porsche RSs are that similar to standard Carreras.
SLRs are not really rare (didn't they end up producing about 2,500 - 2,800 of them?), and there were several editions. And rarity is one trait, but if the rare product is not all that great, how do we (how does the market) value rarity in relation to absolute quality or measurable utility?

A man named Fred Hirsch wrote a book called The Social Limits to Growth. In it, he coined the expression "positional goods", which he contrasted to "material goods".

For Hirsch, a material good is something that is valued by the owner or user purely for its intrinsic qualities. How much I might enjoy watching a certain Sony TV, for example, is unrelated to how many other people have the same TV.

A positional good is something that is valued by its owner or user not because of its intrinsic qualities, but because not everyone can have it. The owner/user values it precisely because by having it he imagines that he/she has differentiated (usually elevated) himself from others.

These things tend to develop a life of their own. Why anyone would pay many hundreds of dollars for a pair of Yeezy mass-produced fabric shoes is beyond me, but it is what it is.

It gather that the pricing strategy for some elitist products is to price them so high that the primary purpose of the pricing is for the owner to signal that he/she is so wealthy that he is utterly indifferent to what something costs. In that case, and contrary to classical economic theory, demand rises with price.

I don't say that this applies to the SLR 722 per se, but clearly it has been a major factor in the bull market for "hypercars".
 

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Yes, I was trying to allude to what you articulate.

I wouldn't say that Porsche RSs are that similar to standard Carreras.
SLRs are not really rare (didn't they end up producing about 2,500 - 2,800 of them?), and there were several editions. And rarity is one trait, but if the rare product is not all that great, how do we (how does the market) value rarity in relation to absolute quality or measurable utility?
Ah I meant at least in the watercooled era the RS cars are pretty similar to the non RS GT2/3s and are probably on average 2x the price. I'm not as familiar with the air cooled era but say the 2.7RS, which is whatever multiple it is over a 2.7 MFI which is very mechanically similar (I think)... Agreed the SLR wasn't rare but the 722s were tweaked enough to differentiate them I suppose with different suspension and engine hp. Not entirely dissimilar to the way the 675 is over a 650 in some respects albeit on a lesser scale as I can't imagine as much was refined/improved on it as the 675.

One other issue as well is that the concept of 'greatness' in a car isn't really a fixed one either. I remember when the 964RS were £30k and struggling to be sold as they were too firm/unusable on the road etc and now they are considered a car that offers a wonderfully pure and analogue driving experience.... Rarity at least is fixed (unless you're Ferrari and turn out a few older ones for your star driver :p)

Interesting that bit about Hirsch. The concept of positional goods certainly is a familiar one but never knew the exact source of it. I'm not sure however on the forum we're on that we can easily criticise the mentality that gives rise to them though... :eek:
 

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I believe if Mclaren gives us LT owners some type of power increase it will hold better value. The early 12c received this power upgrade via an ECU reflash so if we get some more torque or whatever they can do.
 

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My favorite recent example of a "positional good" is the market for high-end Bordeaux in China, where they still often add Coke and/or ice to it.
Yes, I was trying to allude to what you articulate.

I wouldn't say that Porsche RSs are that similar to standard Carreras.
SLRs are not really rare (didn't they end up producing about 2,500 - 2,800 of them?), and there were several editions. And rarity is one trait, but if the rare product is not all that great, how do we (how does the market) value rarity in relation to absolute quality or measurable utility?

A man named Fred Hirsch wrote a book called The Social Limits to Growth. In it, he coined the expression "positional goods", which he contrasted to "material goods".

For Hirsch, a material good is something that is valued by the owner or user purely for its intrinsic qualities. How much I might enjoy watching a certain Sony TV, for example, is unrelated to how many other people have the same TV.

A positional good is something that is valued by its owner or user not because of its intrinsic qualities, but because not everyone can have it. The owner/user values it precisely because by having it he imagines that he/she has differentiated (usually elevated) himself from others.

These things tend to develop a life of their own. Why anyone would pay many hundreds of dollars for a pair of Yeezy mass-produced fabric shoes is beyond me, but it is what it is.

It gather that the pricing strategy for some elitist products is to price them so high that the primary purpose of the pricing is for the owner to signal that he/she is so wealthy that he is utterly indifferent to what something costs. In that case, and contrary to classical economic theory, demand rises with price.

I don't say that this applies to the SLR 722 per se, but clearly it has been a major factor in the bull market for "hypercars".
 

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Gonna resurrect this. I've had multiple offers for my car at higher prices than expected... are we still seeing a high demand for the 675LTs?
Here in the UK, pre-owned, of all makes, have increased in value monthly as supply is impacted by lack of trade-ins. 570's have increased £30k this year. Small example I was offered £7000 for a Smart 4/2 8 weeks later price had increased by £2000. Dealer has offered to buy back a year old ID3 at the price I paid and offer 11.5% discount on a new one on 4 month delivery, crazy market!
 

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Here in the UK, pre-owned, of all makes, have increased in value monthly as supply is impacted by lack of trade-ins. 570's have increased £30k this year. Small example I was offered £7000 for a Smart 4/2 8 weeks later price had increased by £2000. Dealer has offered to buy back a year old ID3 at the price I paid and offer 11.5% discount on a new one on 4 month delivery, crazy market!
I am on the hunt for a nice spec 675lts here in the UK. Not a fan of what's currently on the market.

If you anyone looking to sell a nice example pls let me know.

Thanks
 

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I am on the hunt for a nice spec 675lts here in the UK. Not a fan of what's currently on the market.

If you anyone looking to sell a nice example pls let me know.

Thanks
Might part with mine for £500K but still not sure if I actually would as there's nothing out there as good!

Have you looked at the Lantana purple spider at McAscot? If not, give Phil Nolson at Ascot a call on it.
Good luck finding one 👍
 

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Might part with mine for £500K but still not sure if I actually would as there's nothing out there as good!

Have you looked at the Lantana purple spider at McAscot? If not, give Phil Nolson at Ascot a call on it.
Good luck finding one 👍
Thanks for chiming in.

I am not a big fan of purple. The rest of the spec seems nice. I will give Ascot a call.
 
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