Meanwhile, this nice '89 Targa with some paintwork just sold for $51.5k on BAT:

http://bringatrailer.com/listing/1989-porsche-911-2/

 

It's BAT. People lose their collective $hit on that site for some reason. I wouldn't sell an enthusiast car anywhere else at the moment.

You could put the same car on ebay and somehow your final selling price will be thousands more on BAT. I honestly can't figure it out.

Best place to sell a car right now, likely the worst place to buy one.

 

At least we can trust the BAT prices a lot more than what we're getting from the auction houses. I've gotten to the point where I don't believe anything an auction house tells me.

Richard Newton

 

As soon as the '87-'89 3.2 Carrera coupes drop to about $20K for a very clean, all original car, I will grab one......

 

Bubble or no, I don't think you're going to see those prices again ever barring extraordinary circumstances.

 

I'm thinking a nice 3.2 coupe might be $45,000 soon. Hagerty has the 1988 #2 at $52,000 and holding steady. I can see finding a really nice one for $45,00 very soon.

Richard Newton

 

The market has peaked. Time for it to sleep for awhile again.

Good cars have traded handed for record money.
Asking prices on all cars and auction reserves have hit all time highs.

Do not expect prices to climb any higher in the next 5 years. This is it for now.

On the creme de la creme cars, they will continue to trade hands at their current prices.

Everything else will either sit or adjust price to sell.

Follow the auctions between now and this time next year. Should be interesting to see what happens.

 

5 years is a long time. I think there's more room to run, but agree that the market will rest for a while.

 

LOL, when you find one that comes close to that criteria for sale irrespective of price you let us know. Not sure which is forming faster the line for one or the cob webs.

Agreed. Many cars have sold for record highs on the open market once; possibly flipped for a slight profit privately early on but I haven't seen them come up for sale again at any price since. I still see cars come into my friends shop weekly for complete bare metal restorations or quick make overs. So long as people are still putting huge money into mediocre cars to make them what they have been searching for these past 3-4 years I doubt we will see much change to pricing. Needs nothing or well restored cars are still seeing big $$ if you can find them. I don't see any slow down on being harassed by strangers to sell our beloved air-cooled 911's. It has made ownership quite annoying. Although as you said the crap will either sit at the ridiculous prices they had been asking or prices adjusted to sell for what they were worth all along.

I am seeing more buyers relaxing on trying to find a car that meets their criteria and more willing to buy a needs everything car and spending to make them like new again than I have ever seen before. To me that speaks boat loads

 

Perfect cars are getting harder to find and are now very expensive. I think it has buyers buying "drivers" and spending the money into making them perfect again as it is easier to find "drivers".
However, it is not cheap to take a driver and bring it up to perfection status.
But with current values, it has been worth while for some.

 

The good ones aren't cheap & the cheap ones aren't good....
In any market when it comes to any classics!

 

and importantly you can still actually drive an upgraded driver as opposed to babying a rarity.

 

Anybody read this article about price plateau, and is it really true?!

http://www.foxnews.com/auto/2016/10/...rsche-911.html

 

Maybe but a value plateau is nothing over time if the object itself holds an intrinsic value which the 911 does. Again, I remember plateaus and sharp drops in the values of Jag E types - especially the "less desirable" series 2 and 3 models. Take a look at those cars now and hold your breath.

If you're looking to buy and flip a 911 in a year or so - then maybe you won't be totally thrilled but otherwise these cars will continue to appreciate.

 

And seriously - if you read that article, do you think anyone that was interested in a 911 is going to find a plastic Corvette or an Eagle Talon an adequate substitute? No way.