Have you guys seen this?

http://www.bonhams.com/auctions/21392/lot/111/

I wasn't aware that the 2.7 impact bumper 911 had become collectable!

JF

 

Pretty rare to find ANY 70's 911 in that condition. I think that's the reason for the high sale price. Rarity equals $$ and there aren't many stock original beautiful 77 911's with 21k miles on them! This car will surely increase in value over the years to come. Is my 77 911s worth half that? Nah..... maybe 20k to the right buyer. And I'm into it for over $30k hahaha!

 

Ha..........spotted oil leaks. Then I read the babble only to find this thing supposedly had the engine rebuilt.

Suppose someone needs every variant possible for his vertical collection.

 

The market is crazy right now... I read Sportscar Market Newsletter every month, and even these guys are just shaking their heads over some of the sales.

Everything is "worth" what someone is willing to pay for it... heck, the Yankees paid A-Roid $300M... how'd that work out for them...?

Super low mile, original cars are demanding huge prices now, regardless of their underlying value as cars.

So who cares how it actually drives, because if you drive it, its not a super-low mile car anymore....

Wish I'd kept that old Pacer... it was super-low mileage... because it would never start.

 

market is nuts for sure... but that is a pretty nice example.

 

Nice, yes but not $88K nice... it's not hard to manipulate the car market...

Buy a really nice car for $28K... way over market... put it up for auction at a reputable company, and Bonham's is reputable.

Have a tout bid it up to stratosphere levels, and swallow the $8K premium, and then resell the "$88K" 911 for $56K to an unsophisticated buyer... "god we took a haircut"... such a deal.

And boom!

$20K profit, with virtually no work.

 

I inspected the car personally at Bonham's. it was a VERY nice car, albeit a 77 US Spec coupe is certainly never been high on the desirable list. I would believe it to be a genuine 21k mile car. The only nits I could pick was a poorly matched right front fender (see photo), rattle canned heat exchangers and paint work on the rear bumper. I could never imagine it would bring 88k, especially in light of the fact that an OUTRAGEOUSLY nice 1967 911 in light ivory at the same sale only brought $116k. I own several impact bumper cars with mileage well under 21k, it makes me rethink their values....

 

Thanks. You have confirmed that it is a '77 US spec 2.7 coupe with a poorly matched fender.

 

There is an old thread here from several years ago where I went into McKenna Porsche and looked at (I think) this car. Sure smells of the same car anyway. It was for a Euro buyer and I didn't think it was worth the coin. I'll try to find that thread.

Nevermind:

https://rennlist.com/forums/911-foru...?highlight=PPI

 

that seems to be the way things are going with classic cars though..... so one day, that $88K maybe a bargain..... perfect example ;

http://www.autoblog.com/2014/01/18/b...lls-3-million/

 

Agreed that the market is insane but this is a crackpipe price.

There is a 75 IROC tribute track car with 3.0 twin plug listed on Pelican for nearly 70k. Made me raise an eyebrow, as I paid well under half that for a similar 76 IROC 3.2 last may.

 

The L-88 that sold was one of 20 for 1967, not a common 77' 911....

 

Headline, front cover, Feb 2014 SCM: $36K 911SC - Finally Getting Respect?

Autoweek, Jan 6, 2014 - Article titled "2014 Wish List", #2 featured car, page 20, is captioned "Collector Cars - Porsche 911." From the text..."if you've dreamed about hearing that flat-six behind your head, the time to strike (buy) is now."

Well, I did advertise my '82 SC, more than a year ago, in the members only for sale forum. Had a couple bites, but no money changed hands. Never seriously advertised the car, and darn glad that I didn't! It appears that $20K was a little high then, but is a little low today. I will definitely watch the auctions and consider offers, but, for now, I'm happy that the car is still in my garage.


(SORRY! Clicked on the wrong picture, much too big, but can't delete it and do it over.)

 

IMHO, if you buy any car for "investment" value, rather than for it's inherent use, you are going to get a haircut.

Extremely wealthy people are paying ridiculous prices for A-list cars because they can... and if you are worth $2 Billion, over-paying a million or two for a car is like buying a second cup of coffee.

These people are not posting on RL.

For normal dudes like us who have bills to pay, just buy a nice car that you can afford, drive it, have fun with it, avoid depreciation, and you'll come out ok. Classic cars are a great hobby, but understand the deal.

Bulls and Bears make money and Pigs always get slaughtered.