Mint 85 going at Barrett Jackson
06-27-2010, 07:03 PM
#34
Burning Brakes
Wait. Updated original posting says price was $22,000 including a $2000 buyers commission. Does that mean that the purchase price was actually $22K?
Just asking because I've never purchased a car at auction...
Just asking because I've never purchased a car at auction...
06-27-2010, 07:07 PM
#35
Archive Gatekeeper
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Yes. Winning bid = $20K + 10% BJ commission = $22k out the (tent) door.
06-27-2010, 07:23 PM
#37
Rennlist Member
Maybe so. 
In retrospect, certainly the last thing we need to be debating this aft!
With a moderate bank account and steady work, I would spend more than most folks on a very well-preserved 928.
In retrospect, certainly the last thing we need to be debating this aft!With a moderate bank account and steady work, I would spend more than most folks on a very well-preserved 928.
06-27-2010, 07:56 PM
#39
Chronic Tool Dropper
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Greg,
If you are dead and broken, no need to worry about any 'next project'.
I've learned my lesson on buying 'projects'. Usually, by the time I get them, 'projects' are still 'projects' because the market doesn't have room to reward 'projects' that are brought back. Maybe I'm cynical because I can legitimately value my 'project' time somewhere north of minimum wage. Of course, for my -own- car, it takes whatever time it takes, and I'm not in the habit of tracking that time anyway; It would show that I'd be better off in a new [place car brand here] and paying the dealer to service it for me. So no economic justification for 'projects'. Of course they can be rewarding in other ways, like driving them.
On the original subject, it's way cool that the 928 sold well. It buoys the value of all of the cars when a car sells like that.
If you are dead and broken, no need to worry about any 'next project'.
I've learned my lesson on buying 'projects'. Usually, by the time I get them, 'projects' are still 'projects' because the market doesn't have room to reward 'projects' that are brought back. Maybe I'm cynical because I can legitimately value my 'project' time somewhere north of minimum wage. Of course, for my -own- car, it takes whatever time it takes, and I'm not in the habit of tracking that time anyway; It would show that I'd be better off in a new [place car brand here] and paying the dealer to service it for me. So no economic justification for 'projects'. Of course they can be rewarding in other ways, like driving them.
On the original subject, it's way cool that the 928 sold well. It buoys the value of all of the cars when a car sells like that.
06-27-2010, 08:07 PM
#40
Three Wheelin'
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Greg,
If you are dead and broken, no need to worry about any 'next project'.
I've learned my lesson on buying 'projects'. Usually, by the time I get them, 'projects' are still 'projects' because the market doesn't have room to reward 'projects' that are brought back. Maybe I'm cynical because I can legitimately value my 'project' time somewhere north of minimum wage. Of course, for my -own- car, it takes whatever time it takes, and I'm not in the habit of tracking that time anyway; It would show that I'd be better off in a new [place car brand here] and paying the dealer to service it for me. So no economic justification for 'projects'. Of course they can be rewarding in other ways, like driving them.
On the original subject, it's way cool that the 928 sold well. It buoys the value of all of the cars when a car sells like that.
If you are dead and broken, no need to worry about any 'next project'.
I've learned my lesson on buying 'projects'. Usually, by the time I get them, 'projects' are still 'projects' because the market doesn't have room to reward 'projects' that are brought back. Maybe I'm cynical because I can legitimately value my 'project' time somewhere north of minimum wage. Of course, for my -own- car, it takes whatever time it takes, and I'm not in the habit of tracking that time anyway; It would show that I'd be better off in a new [place car brand here] and paying the dealer to service it for me. So no economic justification for 'projects'. Of course they can be rewarding in other ways, like driving them.
On the original subject, it's way cool that the 928 sold well. It buoys the value of all of the cars when a car sells like that.
06-27-2010, 09:33 PM
#41
Rennlist Member
That's me. About 90% of the attraction is working through the puzzles. Some projects are more appealing than others. Don't care how much or little the cars cost, prefer less so I can work more of them. I maintain zero illusions or delusions about value. I expect zero for my work input. I wish I was the one who bought and worked James' Euro, for instance.
That said, if it came down to buying a new camry or accord, vs, spending 20 to 30 K on a well-preserved 928, I'd have trouble not buying the 928.
That said, if it came down to buying a new camry or accord, vs, spending 20 to 30 K on a well-preserved 928, I'd have trouble not buying the 928.
06-27-2010, 09:59 PM
#43
Rest in Peace
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I prove my time working on cars is worth more than minimum wage 5-6 days a week.
I know what you are saying though, my problem with cars is that i can see what I want the end result to be in my mind, and the only way to get there is to do it myself.
I think my next one will be a looker, and wont be worth much to any body but me, but I rarely sell my projects and when I have done so I make money on them, or break even not counting my time.
The last one I sold, it took the guy over ten years to convince me to sell it to him, and I turned down offers far greater than he paid for it.
but I knew it would be back and would all ways be "My Baby" and it is in the shop now for upgrades to make it what he wants it to be.
I will make money on the labor and parts that go into it.
Greg,
If you are dead and broken, no need to worry about any 'next project'.
I've learned my lesson on buying 'projects'. Usually, by the time I get them, 'projects' are still 'projects' because the market doesn't have room to reward 'projects' that are brought back. Maybe I'm cynical because I can legitimately value my 'project' time somewhere north of minimum wage. Of course, for my -own- car, it takes whatever time it takes, and I'm not in the habit of tracking that time anyway; It would show that I'd be better off in a new [place car brand here] and paying the dealer to service it for me. So no economic justification for 'projects'. Of course they can be rewarding in other ways, like driving them.
On the original subject, it's way cool that the 928 sold well. It buoys the value of all of the cars when a car sells like that.
If you are dead and broken, no need to worry about any 'next project'.
I've learned my lesson on buying 'projects'. Usually, by the time I get them, 'projects' are still 'projects' because the market doesn't have room to reward 'projects' that are brought back. Maybe I'm cynical because I can legitimately value my 'project' time somewhere north of minimum wage. Of course, for my -own- car, it takes whatever time it takes, and I'm not in the habit of tracking that time anyway; It would show that I'd be better off in a new [place car brand here] and paying the dealer to service it for me. So no economic justification for 'projects'. Of course they can be rewarding in other ways, like driving them.
On the original subject, it's way cool that the 928 sold well. It buoys the value of all of the cars when a car sells like that.
06-27-2010, 10:55 PM
#44
Nordschleife Master
I hope that the car is represented fairly and the buyer got a deal
Auction: ORANGE COUNTY 2010
Sale Price: *$22,000.00
Year: 1985
Make: PORSCHE
Model: 928S
Style: COUPE
Exterior Color: GUARDS RED
Interior Color: BLACK
Cylinders: 8
Engine Size: 5.0 LITER
Transmission: 5-SPEED AUTOMATIC
Summary: Stunning classic Porsche 928S. Guards Red over black leather with just under 25,000 original miles.
Details: Stunning classic Porsche 928S. Guards Red over black leather with just under 25,000 original miles. This one owner 928S has lived a pampered life in a climate controlled garage and it is evident. Original manuals included. 5.0L V8 engine with automatic transmission and options including power steering, power seats, power windows and power sunroof. The 928S combines the power, poise and handling of a sports car with the refinement, comfort and equipment of a luxury touring coupe.
