Handy930

Just looked up Hagerty values and wonder how realistic this values are.
For the 1979 : Concours $280K
Excellent $$225K
Good $173K
Fair $97.3K
There was a 79 that I would classify as Excellent auction for $176K last year. I plan to sell this year and am debating with myself as to how to market my 79. If I do an auction which company would you all recommend? I have already missed the BJ Scottsdale and Vegas is not until this fall. What is the opinion of Mecum? They have several around the country. I conservatively class my 79 as good plus. Are the Good and Fair cars bringing good prices at auctions? Would I be better off listing online? If so which site? I 'm not excited about parting with my 930, but the value is getting so high that some of the driving joy is being replaced with anxiety of a potential accident. I plan to replace with a 996tt. Appreciate any and all comments.

pu911rsr

I for one would be careful taking Hagerty values and getting my hopes up that you could sell a car at those prices. I follow 930 market fairly closely and sold a nice 930 last year - based on my experience it takes an exceptionally nice 79 to get $150k +. The big money at auctions is coming from really nice cars, decent ones don't do near as well. Mecum would not be my first choice- they cater to more of a muscle car crowd. I've never sold a car at an auction but I may try one later this year.

Good Luck!

Phil

herragge

Interested in this discussion as well. Just had my car appraised for collector car insurance and they used the Hagerty values (in combination with other metrics) and appraised my car for something I do not think would have any chance at selling at.

Mike

Handy930

The Hagerty site for evaluating ones car, that stated the above values quoted me about $2,800 a year for my 79. I am with Condon Skelly now with a premium of close to $500 a year for Agreed to Value. When I inquired as to the amount of loss required to total out the car I was told they would rebuild if the loss was under 85% which surprised me. I have always thought insurance companies considered 50% loss before totaling out a vehicle.

mikemdd

1976 930, 46K miles, just SOLD at Mecum auction for $210K.

pu911rsr

A lot of incorrect parts on that 76
Phil

mikemdd

Yes, some pretty crazy stuff going on in the collector world, especially for Porsches in general. It used to be you would never find a Porsche at these types of auctions. There were over 26 Porsches just at the auction yesterday. I think Barrett Jackson is looking to be similar. I think there are a lot of market makers on the move. Will be interesting to see if buyers follow.

Handy930

What about the 89 that just sold for $305K at Mecum. Less than 6K miles.

MUSSBERGER

Someone just had to have a 76. That "930" in the vin makes people do crazy ****.

Mistergee

Whatever their appraisal your 930 will surpass it one day,
Thats what most people forget, the rate at which these cars are going up,

Mine since i bought it 4 years ago on average has risen in value of $700 per week an no sign of let up. It has over the last 4 years risen more than Precious metals (gold and Silver) and property.. in fact people are not even worrying about originality anymore as long as it is a Matching numbers car is all that matters they are being built up no expense around the vin plate alone

mikemdd

It's going to be interesting to watch where these go over time. Value is always a function of supply and demand. Looking at the numbers.... There were 2819 turbos built from 1975 to 1977. However, there were 18,770 built from 1978 to 1989. Relatively speaking, that is a lot of "rare" cars. I'm guessing there are a very high percentage still around. What people are asking is not a basis of value. What they are actually selling for sets the market. Ads in Pano for my 60th Anniversary GTS Club Coupe are in the $250K range. They will never sell for that price.

Bidding seemed to have stalled at around $80K for 3.3 cars at the recent auction. 3.0 cars seem to do better, generally, due to lower build numbers and rarity. Right now, there are "market makers" throwing out very high numbers and some are biting. Over time, if some of the big inventory of turbos start to flood the market, things will change. Whether to sell now or wait is a good question. The market for all Porsches is sky rocketing in terms of asking prices. It should be a fun ride.

UDPride

The bottom line: they arent building any more 930s. No matter how high the realistic values are, the good ol days of $30-50K 930s are over. Just like the longhoods, just like the 914-6, just like the 356C. The values went up and never came down -- they just plateaued. Where the 930 plateaus is anyone's guess, but the winning move is already being an owner.

mikemdd

Good points for sure. The 930's are in new territory, with the only way up for now...way up I would guess. As with all collector cars, it comes down to supply and demand. Panorama has more 930 ads in the latest edition than I have ever seen. These will sort out as all other collector cars have done in the past...from rare Ferrari's to one off hemi Cudas. Quality, rarity and originality will rise to the top, while others will plateau early. It was only a few years ago that you could not sell a 930 for $30K. The rise has been amazing over the last 18 months. The big question is whether you are in it to sell at the plateau (whenever that is) or keep it and enjoy it. I loved my 930 and it was one of the most unique cars I have owned. I moved on, but if I still had it, I would be driving it. Again, it is a fun time and watching what happens will be very interesting. In the meantime, we should all enjoy where we are at in this incredible market for all Porsches. The market has finally figured it out.

double G

Does anyone have the sale results from the Gooding auction this past week in Arizona? There were 5 or 6 930's in that sale, and I am hearing second hand that a lot of them did not sell, or, sold below low estimate. Any feedback is appreciated.

tfaz

You can go here to see the Gooding results.

http://www.goodingco.com/vehicles/

Looks like the 76 930 turbo went quite a but under the low estimate at $198k low estimate was $250k for that car. The 78 930 went for $118k which was quite a bit less than the low estimate too. Looks like quite a few more nice 930 are up for sale today or the results are not up yet.