Notices
911 Forum 1964-1989
Sponsored by:
Sponsored by: Intercity Lines, LLC

Air Cooled Bubble?

Thread Tools
 
Search this Thread
 
Old 05-17-2016, 08:34 AM
  #526  
Mondrian
Three Wheelin'
 
Mondrian's Avatar
 
Join Date: May 2014
Location: Hampshire
Posts: 1,369
Likes: 0
Received 4 Likes on 4 Posts
Default

Follow the price trend of big ticket 73RS vs driver level 964/3.2/SC over the past 5 years and you will see a very direct relationship.
Old 05-17-2016, 09:58 AM
  #527  
73911
Racer
 
73911's Avatar
 
Join Date: Dec 2004
Location: Naples, Florida
Posts: 323
Likes: 0
Received 0 Likes on 0 Posts
Default

A rising tide lifts all boats.

Richard Newton
How to Select a Brake Pad
Old 05-17-2016, 12:07 PM
  #528  
911Dave
Rennlist Member
 
911Dave's Avatar
 
Join Date: Mar 2004
Location: Colorado
Posts: 2,211
Received 6 Likes on 6 Posts
Default

But not all boats rise equally.
Old 05-17-2016, 02:37 PM
  #529  
Honkity Hank
Pro
 
Honkity Hank's Avatar
 
Join Date: Jan 2002
Location: Morgan County GA
Posts: 590
Received 45 Likes on 39 Posts
Default

Originally Posted by Mondrian
Mixed results at Monaco too, quite a few failed to reach reserves/estimates resulting in no sale. Sobering of the market is the correct term as some estimations were just silly such as this Peter Klasen 007 - 65 which was estimated at 300-400,000 euro but went for €75,000 ish + fees.

http://www.rmsothebys.com/mc16/monaco/results/
Not sure how this car really relates though. A 1965, painted by Klasen in 2009. Pretty much an anomaly in my opinion, apparently the bidders thought the same.

An 89 speedster only brought 128,000 euro, maybe more indicative.
A RUF turbo had the buyers' interest at 224,000 Euro though.
Old 05-29-2016, 05:05 PM
  #530  
73911
Racer
 
73911's Avatar
 
Join Date: Dec 2004
Location: Naples, Florida
Posts: 323
Likes: 0
Received 0 Likes on 0 Posts
Default

Since the upper segments of the car market seem to follow the art market this is an interesting story. It may not involve anyone on this forum but it's interesting. I could see the same thing happening with some Ferraris. Porsches? Not so much.

Richard Newton
Has Your Restoration Hit the Financial Wall?

Last edited by 73911; 06-05-2016 at 09:42 AM.
Old 06-05-2016, 09:34 AM
  #531  
canuck964
Burning Brakes
 
canuck964's Avatar
 
Join Date: Oct 2006
Location: British Columbia, Canada
Posts: 761
Received 110 Likes on 69 Posts
Default

A few crazy examples of asking prices in Canada.

1987 911 nothing special 87,000 miles asking CAD$115,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=23_15_75

1992 C2 107,000km asking CAD$93,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=28_15_75

1988 911 81,000km asking US$80,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=38_15_75

There is no way those cars will get sold remotely close to asking price.
Old 06-05-2016, 11:04 AM
  #532  
ljpviper
Rennlist Member
 
ljpviper's Avatar
 
Join Date: Jan 2009
Posts: 319
Likes: 0
Received 37 Likes on 31 Posts
Default

I definately see a correction. Cars are sitting a lot longer and you are seeing price reductions on the normal 911s.

I sold my 997 TT earlier this year and have been watching the market carefully. I am going to take a wait and see approach. A year ago any G-50 car would be sold in a day or two, now that's not the case.

Larry
Old 06-05-2016, 11:14 AM
  #533  
FormulaRX
Pro
 
FormulaRX's Avatar
 
Join Date: Aug 2005
Location: Upland, CA
Posts: 562
Likes: 0
Received 8 Likes on 5 Posts
Default

Originally Posted by ljpviper
I am going to take a wait and see approach. A year ago any G-50 car would be sold in a day or two, now that's not the case. Larry
Maybe people are finally starting to realize that you don't get much car for the money lol
Old 06-05-2016, 10:17 PM
  #534  
berk
Instructor
 
berk's Avatar
 
Join Date: Aug 2015
Location: San Antonio, TX
Posts: 214
Likes: 0
Received 1 Like on 1 Post
Default

Originally Posted by FormulaRX
Maybe people are finally starting to realize that you don't get much car for the money lol
precisely
Old 06-06-2016, 12:55 AM
  #535  
ForceReconTrojan
Burning Brakes
 
ForceReconTrojan's Avatar
 
Join Date: Jul 2013
Location: Orange County, California
Posts: 808
Received 20 Likes on 15 Posts
Default

Originally Posted by ljpviper
I definately see a correction. Cars are sitting a lot longer and you are seeing price reductions on the normal 911s.

I sold my 997 TT earlier this year and have been watching the market carefully. I am going to take a wait and see approach. A year ago any G-50 car would be sold in a day or two, now that's not the case.

Larry
This has been said 100 times in this thread. There is no correction, the best cars get the best money. What you guys are talking about are driver quality cars trying to piggy-back on those best cars. Low mileage , top notch cars and documented 911's will continue to fetch good money. Absolutely those average drivers will languish in comparison.
Old 06-06-2016, 12:04 PM
  #536  
911Dave
Rennlist Member
 
911Dave's Avatar
 
Join Date: Mar 2004
Location: Colorado
Posts: 2,211
Received 6 Likes on 6 Posts
Default

Right, the weakness is in the driver-quality segment of the market. Exceptional cars are still bringing exceptional money.
Old 06-06-2016, 09:40 PM
  #537  
mooty
GT3 player par excellence
Lifetime Rennlist
Member
 
mooty's Avatar
 
Join Date: Apr 2002
Location: san francisco
Posts: 43,333
Received 5,482 Likes on 2,269 Posts
Default

well i have a 25,000 mile 86
$125,000 buys it ;-)
Old 06-06-2016, 10:17 PM
  #538  
tcsracing1
Rennlist Member
 
tcsracing1's Avatar
 
Join Date: May 2008
Location: Somewhere in a galaxy far, far away....
Posts: 17,106
Likes: 0
Received 256 Likes on 172 Posts
Default

Originally Posted by canuck964
A few crazy examples of asking prices in Canada.

1987 911 nothing special 87,000 miles asking CAD$115,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=23_15_75

1992 C2 107,000km asking CAD$93,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=28_15_75

1988 911 81,000km asking US$80,000
http://wwwa.autotrader.ca/a/Porsche/...&orup=38_15_75

There is no way those cars will get sold remotely close to asking price.
All those sellers are taking a ****.
Old 06-07-2016, 12:02 AM
  #539  
ForceReconTrojan
Burning Brakes
 
ForceReconTrojan's Avatar
 
Join Date: Jul 2013
Location: Orange County, California
Posts: 808
Received 20 Likes on 15 Posts
Default

Originally Posted by mooty
well i have a 25,000 mile 86
$125,000 buys it ;-)
I have personally seen crappy under 20k mile 1986's. I searched for two years for mine and I learned one thing...people's definition of " quality" varies so much that I almost gave up.
Old 06-07-2016, 01:15 AM
  #540  
Rick-A-Shay
Burning Brakes
 
Rick-A-Shay's Avatar
 
Join Date: Apr 2013
Location: San Mateo, CA
Posts: 1,058
Likes: 0
Received 4 Likes on 4 Posts
Default

When the IRS appraises my Estate, my heirs can worry what the car sells for.


Quick Reply: Air Cooled Bubble?



All times are GMT -3. The time now is 03:27 PM.