new standard
#1
new standard
A new value standard may have been set yesterday. A very nice 79 5 speed silver, rub strip delete car, pascha interior, apparently sold on ebay for $33,033. What makes this notable is that it is a second year, 122,000 mile car, it looks very nice, but it is not a 3000 mile Kermit (concours quality first year car). The seats have tears in each one, the engine bay looks like it needs a top end refresh, and a few other things I noticed. It shows as a good looking driver, and with an investment can be made into a good show car. But that price has been historically reserved for only the best of the best cars. We are seeing real movement in value now.
Here is the listing with pictures: http://www.ebay.com/itm/1979-Porsche...p2047675.l2557.
I hope the buyer finds this site. I'd like to hear more about the car, what plans s/he has for it, and of course more pictures.
Here is the listing with pictures: http://www.ebay.com/itm/1979-Porsche...p2047675.l2557.
I hope the buyer finds this site. I'd like to hear more about the car, what plans s/he has for it, and of course more pictures.
#3
One data point. The other $5k cars on ebay don't move... I wouldn't generalize it to the entire market. The "under the tarp in the backyard" rust buckets are still practically worthless. Does seem that there are many many nice examples out there that appear when the prices start going up.
Also am suspicious to see if it will come back on ebay due to deadbeat bidder..
Also am suspicious to see if it will come back on ebay due to deadbeat bidder..
#4
Unmolested and one owner.
And a 5 speed.
Looks like the seller didn't even bother to get the vacuum cleaner out!
How many early cars like this are out there, a dozen?
I can see the price being real.
And a 5 speed.
Looks like the seller didn't even bother to get the vacuum cleaner out!
How many early cars like this are out there, a dozen?
I can see the price being real.
#7
One data point. The other $5k cars on ebay don't move... I wouldn't generalize it to the entire market. The "under the tarp in the backyard" rust buckets are still practically worthless. Does seem that there are many many nice examples out there that appear when the prices start going up.
Also am suspicious to see if it will come back on ebay due to deadbeat bidder..
Also am suspicious to see if it will come back on ebay due to deadbeat bidder..
As to your second point, I too am a bit suspicious of seeing this car back on ebay due to a deadbeat buyer. The converse could also be that the buyer is not a deadbeat, but when he sees it, it does not meet expectations.
We'll see.
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#8
Chronic Tool Dropper
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If you watch any of the 'live' auctions, prices can go up on cars when there is some personal attachment to a car. Sometimes it's financial speculation, but more often the idea of something that someone has "always wanted". So we get blips in the space-time continuum.
Seeing increases in prices like this will hopefully coax the cars out of the barn and from under the tarp in the south forty. Values on the better cars might then shed their perceived constraints in the market. Hard to get $30k for a good early car when there's a same-year ran-when-we-parked-it car for $3k that "just needs a little restoration".
Seeing increases in prices like this will hopefully coax the cars out of the barn and from under the tarp in the south forty. Values on the better cars might then shed their perceived constraints in the market. Hard to get $30k for a good early car when there's a same-year ran-when-we-parked-it car for $3k that "just needs a little restoration".
#10
Really good news - now where did I store those 78 and 79 cars??
__________________
Does it have the "Do It Yourself" manual transmission, or the superior "Fully Equipped by Porsche" Automatic Transmission? George Layton March 2014
928 Owners are ".....a secret sect of quietly assured Porsche pragmatists who in near anonymity appreciate the prodigious, easy going prowess of the 928."
Does it have the "Do It Yourself" manual transmission, or the superior "Fully Equipped by Porsche" Automatic Transmission? George Layton March 2014
928 Owners are ".....a secret sect of quietly assured Porsche pragmatists who in near anonymity appreciate the prodigious, easy going prowess of the 928."
#11
This is what I have been telling my investors. I think I could get 80,000 if I have the car in Beijing China with sign, $80,000 USA currency only. Drive home today. Thanks for the share Renlist.
Imagine the 'butt hurt' when the Multi millionaire has to go home and search Craigslist "CHINA" for a 928. Guess what. There are none in CHINA.
It cost about $1200 to put it in a container.
Imagine the 'butt hurt' when the Multi millionaire has to go home and search Craigslist "CHINA" for a 928. Guess what. There are none in CHINA.
It cost about $1200 to put it in a container.
#12
BOOM
Heads explode. We'll get a buyer first day. Dude will be driving it home and probably end up on WreckedExotics.com and we'll buy it back for scrap.
Rinse and repeat. Who wants to make some money with me doing this.
I sold 700 cars working at the dealer for BMW, LandRover & Porsche. Newport Beach California. 707 604 7672 Lambright@gmail.com
#13
What are the import taxes or tariffs on importing cars to China? Importing to Philippines will cost you a huge tax on the "original sticker price" of the car (they don't care that it's old now). The Philippines does this to help the "local car industry" (translation: guys with shanty shops that hand fabricate fake "Jeeps" and the ubiquitous "Jeepney's". There are reasonably priced used cars and "multicabs" (non-street legal small utility trucks we might see used by golf course greenskeepers) - but the low prices indicated some level of bribery to avoid the taxes. I think they also take them apart, which makes them "parts", which are taxed differently, and then put back together, moving the Japanese right-hand drive to left.
So...the Philippines isn't Japan, but I'd be really surprised if there weren't lots of similar obstacles, corruption, etc. when trying to import old Porsche's into China.
Hope I'm wrong, but I know it's never easy.
So...the Philippines isn't Japan, but I'd be really surprised if there weren't lots of similar obstacles, corruption, etc. when trying to import old Porsche's into China.
Hope I'm wrong, but I know it's never easy.