Went to dinner with a colleague last night and found out he was a fellow Porsche enthusiast. He has developed a health issue which prevents him from enjoying his 96 Targa. He would like to get somewhere around $60-$70k. Can't remember exact amount he told me. It appears to be a cream puff, and I wish I had the funds to buy it. I told him I'd put a post on RL to help him find a buyer. His name is Tim and his email is tmorris1959@yahoo.com

 

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Interesting article in Total911 which does confirm some view discussed on here and other threads;

http://www.total911.com/sales-debate...arket-heading/

1 - End of panick buying
2 - Lack of top level collector cars so prices should hold or even increase for these.
3 - Price adjustment on remainder cars, expect bigger drops as you go down the quality ladder.

Also something that is not discussed is cost of parts and labour which has risen dramatically over the past few years. Porsche has increased some part prices twice over the past year or so each time hiking it up by 30%. A longhood bonnet is now close to $3k, Fuchs are $3k, an interior refresh is $5-10k (more if you need to do the dash too), an engine rebuild on an SC to factory spec by a good specialist is now $20k and a 915 gearbox rebuild close to $10k (specialist rates + $120/hr). However this is not reflected in prices (yet) as the price difference between a certified low miler with all history that needs nothing doing and a high miler driver with little or no history that needs everything sorted is what 10-20k?

So the ceiling is intact but the bottom is dropping .... All good though as enthusiasts get more affordable choices.

 

This has all been stated a long time ago it was just a matter of time. Interestingly I have a friend who called me yesterday and he is putting his 3.3T up for auction. The auction houses are desperate to have good cars to sell. There is so much crap that everyone believes is gold on the market that a clean low mileage example is still shooting up through the roof. They informed him they would expect to see as much as $200k for a 3.3T. he was trying to get me to put mine up for sale as well he figures it should easily fetch $300K.

Although I have never seen so many 3.6T's for sale since forever there are very few that are worth the money they are asking and even less that are not riddled with bad history. So long as WW III doesn't start I don't see why the cream of the crop will not continue to rise and the rest filter down.

Mark,

Your friends car is undoubtedly a beautiful example however being a targa and the mileage I would expect a price closer to $45 or $50 would be more realistic. The problem with the 993 right now is there are numerous cars all for sale so it is becoming a somewhat buyers market. Don't get me wrong it is worth his asking price but unlike the 964 which is next to impossible to find a clean example the 993 has become a dime a dozen. Everyone cashed out to dealers and eventually these guys will need to move some product which means a drop in price.

 

I get scolded for going off topic but now were are posting late air cooled cars for sale and talking turbos in the longnose/IB forum?

The 930 market is really a bit of a different beast than SCs and Carreras. Though the polished turds with high asks are everywhere.

 

A 930 is my next move for sure, but not sure I would spend any more than $100k on one w/ around 20k on the clock, that I would also expect in top condition. I can see outrageous pricing, only for one under 5 or 10k on the clock, w/ plastic still on the seats!

 

Late to this thread party... I just bought a really nice 85 Carrera last month. I feel like I paid too much for it but it was relatively clean with very low mileage. Hopefully I didn't buy the automotive equivalent of buying a home in 2008. LOL

 

Was it the one in this thread? Its a very nice car. I too picked one up and it didn't come cheap albeit a year newer than yours. I have spend a tidy sum bringing what was already a good car to a excellent car. I only have the synchro issue to resolve and its basically done for many, many more years and looks fantastic.

I don't know how long I will keep it but if the market craters I guess I will have a great car to enjoy but I believe good, honest and well maintained cars will always have a buyer.

 

If the market craters, you can buy another one in a different color and average out the price

 

...and hopefully enough left for a good divorce lawyer because if I add Porsche number 6 to the fleet I will need it.

 

^^^There are worse habits to have than a fleet of Porsche's....

 

Fleet of Ferrari's