𝚃𝚒𝚖𝚎𝚕𝚎𝚜𝚜 𝚒𝚗𝚟𝚎𝚜𝚝𝚖𝚎𝚗𝚝𝚜 - Part III

It goes on ...

Part I https://app.getquin.com/activity/PFSzNoWiME

Part II https://app.getquin.com/activity/giyJpLzFeW

I have now downloaded the app myself, logged in and verified it.

In advance of course it is easy to find negative in all things, you just have to look for it. Who does not have this gift, congratulations, probably you are the first satisfied German. My point is not to make the provider down. Whether my thoughts for an investment is relevant, everyone decides for himself.

𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐳

You can't see in the app and on the website all the properties that are currently offered. It is clear to me that the Welcome Asset is only sold to the respective new user group. But why can't other users see beforehand that this asset is on the platform at all? I noticed this specifically with the 7x Nike Strange Love.

𝐄𝐢𝐧𝐡𝐞𝐢𝐭𝐥𝐢𝐜𝐡𝐤𝐞𝐢𝐭

I don't understand why some products have a drop report, some have consumer information, and some have both.

Ü𝗯𝗲𝗿𝘀𝗶𝗰𝗵𝘁𝗹𝗶𝗰𝗵𝗸𝗲𝗶𝘁 (Addendum: App has been changed since the post and is much clearer).

Personally, I don't feel the app is very clear in its current form. Once assets are in the Tradeable group it is just a huge list of shoes, watches and in between are other things. I can't quickly determine how many shoes, watches or other stuff has already been fractionalized. That would be interesting though, because if an asset type only exists once on the platform (like the Porsche), then the asset is automatically more sought after.

In the app I have not found a way to view high res images of the objects. Although some of the images are very high quality. Possibly I am too stupid, feel free to let me know. You can also play around a bit with the images and read the data. I did not find anything really interesting. The only thing that could be deduced from the metadata would be that there is probably not yet a fixed workflow and / or the editing people vary.

𝟗𝟗𝟑 𝐓𝐚𝐫𝐠𝐚

Since I'm not interested in most of the objects I took a closer look especially at the Porsche. First of all I have no idea technically, I do not drive badly, but very badly.

I find it stupid that you have to look for the information, pictures and videos together yourself. Here again the reference to the high res pictures. If you have pictures on which I can even read the "made in Germany" lettering on the taillight, why not make them easily available?

Timeless scatters everything over Facebook, Insta, the pdf to drop. Why not bundle it all in one place? From the app or the website, it is not clear to me, for example, that the car was 5 days for inspection in the Porsche Center in Berlin. [1,2]

I noticed in one of the pictures of the Porsche that there may have been a different license plate mounted. Also felt encouraged by the fact that there are 4 days between the picture without [3] Timeless Plate and the one with the white Timeless Plate [4]. If you look carefully in the video [1], you can see at 0:16 the Porsche is wearing a dark license plate. Since the image looks even in the Error Level Analysis and as mentioned there is a gap between the images, it seems that several shoots were made and Timeless Custom Plates were used for the second one. What do we learn from this? K̶e̶i̶n̶e̶ ̶A̶h̶n̶u̶n̶g̶,̶ ̶v̶i̶e̶l̶l̶e̶i̶c̶h̶t̶ ̶d̶a̶s̶s̶ ̶i̶c̶h̶ ̶B̶i̶l̶d̶e̶r̶ ̶u̶n̶n̶ö̶t̶i̶g̶ ̶g̶e̶n̶a̶u̶ ̶a̶n̶s̶c̶h̶a̶u̶e̶.̶ Searching further, I found another clip in which the dark plats (and later the light ones) can be seen in their entirety. [5] From the dark plates you can read the dealer, Neumann Sportsclassics. From the dealer's page, you can quickly see that the pictures of the car were also taken at this dealer. [6] I searched further, but it seems that the vehicle was not listed on the dealer's page. At least it was not recorded in the Wayback Machine and does not appear in the archive. Since the seller's location is Meerbusch and the seller type is commercial, I would guess that Classic Car Consult from Meerbusch was the seller and Neumann Sportsclassics was the agent, but that's just speculation.

What caught my eye in the description "In expert circles, it has long been considered a new investment insider tip - and that despite the fact that at barely 30 years old, it is still pretty green behind the ears for the classic car market." The sentence refers to the 993 model in general, which debuted in 1993. So 2021 - 1993 = 28 fits. But the Targa model is younger (from 1996) and the car is from 1997. 30 years is important marker, because from then on a classic car registration is possible, which usually increases the value. 2021 - 1997 = 24 Even with rounding up, you don't get close to 30 years here. (2021 was the drop and that's when the description text was published) Factually, there's nothing wrong there, because it refers to the overall model. Nevertheless, the car is a whole 6 years younger than one might assume from a quick read here.

For the current storage Timeless states the Remise Berlin. You can get a good idea by looking at pictures or videos or by going there yourself. I watched a few videos from Dec. 2021 and hoped for the coincidence, but could not discover the car.

I also find it a pity that despite the cooperation with Porsche, they don't specify how many cars of this model were built. Of the Targa it should probably be 4600 [7] Porsche would certainly know exactly.

I don't understand the gear and cylinder information with "soon available". If they are delivered later how does the car run for 24 years? Or was someone too lazy to fill out the table?

Regarding value estimation no idea. I tried to find a comparison car. 993 Targa with under 60k km there are only 2 cars on mobile. The more expensive of the two [8] is slightly above the value Timeless gives. In this respect, the information seems realistic to me as a layman.

Of course I can't say anything about the future development of the value. But you can calculate how much the vehicle must be worth to justify the respective token price. Unfortunately Timeless does not show the number of tokens directly. But you can calculate it. Tokenized volume / issue price per token. 99,950 / 50 = 1999 shares. However, the Porsche is not 100% tokenized, but only 95.19%. There are quasi 101 shares that are not in circulation. The calculated amount of shares is 2100. The most expensive share was 80€, plus fees. Let's calculate with a share for 59€, plus fees the share costs 61,36€. For a breakeven it needs a vehicle value of 128.856€ (2100*61,36). Alternatively someone can buy the share for a higher price. For a token price of 80€ or 83,2€ incl. fees it needs then 174.720€. With the past increase in value per year of 12% stated by Timeless, it takes 4-5 years to reach the 80€ token price.

Since I have more things to write about, IV will come at some point.

[1] https://www.facebook.com/timelessinvestmentsofficial/videos/603836527701532

[2] https://schoesslers.com/timeless-gibt-anteile-am-porsche-911-993-targa-zum-erwerb-frei/

[3] https://documents.timeless.investments/assets/f5dbfc43-4342-4ca7-bde9-4843d14697f6/documents/091ad74d-f3a3-4306-a2c5-f7c17c0e3026-1632.jpeg

[4] https://documents.timeless.investments/assets/f5dbfc43-4342-4ca7-bde9-4843d14697f6/documents/8728c007-61cc-496b-907e-619ceeb47849-1632.jpeg

[5] https://www.facebook.com/timelessinvestmentsofficial/videos/2071890406300175/

[6] https://www.sportclassics.de/

[7] https://www.elferspot.com/de/magazin/kaufberatung-porsche-993-carrera

[8] https://suchen.mobile.de/fahrzeuge/details.html?id=330944571