Is Bruce Anderson on crack?
#1
Track Day
Thread Starter
Is Bruce Anderson on crack?
In the May 2001 issue of "Excellence", Anderson values 2.4L 911Ses at $10,528 in poor condition, $11,971 for good, and $16,025 for excellent. In defending these valuations, he notes: "Recently, we received five reports of 911S models that were purchased for prices ranging between $8,000 and $10,000, with two more cars offered for under $12,000. One car was sold by the original owner and most of them sound like solid examples."
Has anyone seen prices like these? From my (very limited) experience, nice Ses go in the mid 20s.
For those of you who do not think that Anderson is a crackhead, I will happily pay you a 15% finder's fee if you can locate one of those elusive sub-$10k Ses for me. I'm looking for a weekend driver, not a show car, so cosmetics aren't terribly important. As long as it's got solid mechanicals and no rust, I'd be interested.
Has anyone seen prices like these? From my (very limited) experience, nice Ses go in the mid 20s.
For those of you who do not think that Anderson is a crackhead, I will happily pay you a 15% finder's fee if you can locate one of those elusive sub-$10k Ses for me. I'm looking for a weekend driver, not a show car, so cosmetics aren't terribly important. As long as it's got solid mechanicals and no rust, I'd be interested.
#2
You know, I rarely waste my time with this sort of response, but I have to say it: "Crackhead" and "Are you on chemicals?" kinda talk belongs on some obscure rice site. It does not belong here. Whether or not you agree with what Bruce Anderson (someone who has forgotten more than most of us will ever know about Porsches) has written, drop the derogatory tone (and sign your name to your post) if you want to be taken seriously on Rennlist.
Paul
Paul
#3
Technical Specialist
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Bruce has been doing these valuations for years, and he uses a number of different sources to track prices each month. Sometimes his valuations lag the market, being higher or lower than what people are seeing in their area. And Bruce would be the first to point out that there are variables that can add or subtract 10% to 20%, or more. However, the valuations he reports aren't the final word. They're one data point, which you may agree or disagree with, of course, depending on whether you're selling or buying.
#4
Advanced
I don't think Anderson is a crackhead. In fact, I enjoy his work. Have you tried ebay?(ebaymotors.com) Or autotrader? On ebay, there is currently a '76 911S with 96k original miles, good condition, no reserve, almost two days left in the auction, currently priced at $7,000 and will probably sell for around $8,000. Several other nice older 911's also. It could save you a lot of money to travel to buy one (and get a PPI!). If you do, post it and I'll let you know where to sent the 15%! <img src="graemlins/beerchug.gif" border="0" alt="[cheers]" />
#5
Must chime in here and say that I do agree with puz...'s statement. Although Bruce does contribute a boatload of great info, his values for those early 911S and E's aren't correct. For the record I am not one of the early911sregistry.org zealots. I searched ALL the resources for almost 3 years intensively to find these prices when I bought my car. I would definitely agree that if someone could find me an "excellent" 2.4S for close to his price I'd fork over the finders fee. It is very odd because it seems like none of the other models or year ranges are that incongruous with the market. Of course this comes down to how much personally are you willing to pay for exactly what you want. I just found that for my consideration of "excellent" which I do not think is too insane (I'm a driver not a concours dude) it cost me alot more than the published magazine value. And I can't afford crack after forking all this cash over for a thirty year old car.
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mjenko (05-31-2023)
#6
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Paul, you are absolutely correct. People should just forward sales reports to him (once they gain some experience, I suppose) if they want to improve the db. I rely on many sources for market values & I don't recall B. guaranting his... The model descriptions & analysis are more useful to me anyway - he should write a buyers guide.
#7
I believe that some of B. Anderson's view on the market comes from folks who found the perverbial " gem in old lady's garage". When was the last time someone confessed that they overpaid for something?? I think what Bruce bases his prices on tend to be a bit skewed due to this fact. That said, I always welcome his advice but realize that the prices are just a ballpark in which to work from. The bottom line is if you really love the car, you're going to get it anyway
James
James
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#8
Advanced
Just to update you on the one-owner, 96k original miles, '76 911S with records, leather/interior in great condition, paint/body in great condition, cd, california car, etc....20 hours to go and bidding is up to $7913.
#9
Advanced
FYI...the '76 911S just sold for $8600...spirited bidding in the last 1/2 hour pushed it up...still a bargain! <img src="graemlins/xyxwave.gif" border="0" alt="[bigbye]" />
#10
Instructor
Early S's are those only made up to '73, which is the last year of non-accordian bumper, also known as "long hood" cars.
Values for those are much higher than the 'S' from 74 to 77.
I am in the camp of being partial to an "excellent" 911s for 15k. I don't have the $$$ though
Values for those are much higher than the 'S' from 74 to 77.
I am in the camp of being partial to an "excellent" 911s for 15k. I don't have the $$$ though
#12
Banned
Well - here are two "datapoints"...
First - data point one is Bruce Anderson provides the Porsche community with a huge service - and has for years at many levels - his price guide being just one of those "services". I know Bruce very well - and can tell you he considers multiple inputs for his pricing models, including Rennlist where we have set up feedback form for Rennlisters to provide him their data on their cars buy/sell values. We have done that over the past several years.
Second - in the past 6 months in my area - there was a 1972 911S with a fair body (some rust), poor interior, mechanically fair (needed new/rebuilt Webers) and it was a poor re-spray of the original color. It sold for $12,900 in less then two days. I'm not sure that his price estimate isn't right on target, IMHO...
First - data point one is Bruce Anderson provides the Porsche community with a huge service - and has for years at many levels - his price guide being just one of those "services". I know Bruce very well - and can tell you he considers multiple inputs for his pricing models, including Rennlist where we have set up feedback form for Rennlisters to provide him their data on their cars buy/sell values. We have done that over the past several years.
Second - in the past 6 months in my area - there was a 1972 911S with a fair body (some rust), poor interior, mechanically fair (needed new/rebuilt Webers) and it was a poor re-spray of the original color. It sold for $12,900 in less then two days. I'm not sure that his price estimate isn't right on target, IMHO...
#13
Track Day
Thread Starter
John,
Wouldn't a rusty car that needs engine work and has a poor interior and paint qualify as a "poor" condition car? In which case, it quickly sold for more than Mr. Anderson's valuation?
I don't mean to be snotty, but I haven't had much luck getting even anecdotal evidence from Rennlisters or the guys at Pelican Parts of 2.4L cars in decent driving condition trading at $16k or below.
PI
Wouldn't a rusty car that needs engine work and has a poor interior and paint qualify as a "poor" condition car? In which case, it quickly sold for more than Mr. Anderson's valuation?
I don't mean to be snotty, but I haven't had much luck getting even anecdotal evidence from Rennlisters or the guys at Pelican Parts of 2.4L cars in decent driving condition trading at $16k or below.
PI
#14
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FYI - the 76 911 is one of the lower valued 911s. They're in the autotrader out here all the time for between 5 and 10k. As someone mentioned above the early S's are an entirely different story. Good luck finding an excellent one for under 15k.
#15
Advanced
On ebay, again, there's a '73 911S that's completely restored, in perfect shape, currently at $16,100 but reserve hasn't been reached yet...I'd guess $20k...beautiful car...22hours left. There's also a '67 911S 2.0 with 83k original miles, currently bid at $10,100 with 4 days to go...I'd guess about $12-13k...I didn't know about '76's being undesireable, just to avoid the 2.7, but I see lots of nice ones...