mr914

if you sold it in China it would be a museum piece , that car would never be legal to drive in China..Chinese don't want old cars

medipedicman

If I understood the post correctly that is what the widow would take for it. He has bought it back himself and done some repairs($$$).

linderpat

Doc - I also disagree with you on a couple of points. First, your $20K figure for top line early (non-Kermit) models is way low. Way way low. PM for an updated data point if you wish, as I can share what I have been offered by a number of folks over the past year.

As to the nut and bolt restoration, I urge you to look at thread with William's and Rob's restoration on the Minerva car. They may never get back what they put in, as Hacker said, but they will still command a significant premium if they ever decide to sell. In any event, Hacker hit it on the head, the restorations at this level aren't for a quick flip (as is the case with those silly TV shows). These are serious car aficionado restorations - where the car may or may not be used much, but will be a stunning piece of automotive history regardless.

mr914

why not share with the group your data points ? Educate the flock not just a select few ..

Dan87951

I'm a fan of the color combo. Unfortunately, this one is too gone for me to even consider.

VanD

Roger has had multiple VERY large orders going into cars in Europe for single car >$100k restorations. Mostly 78-79 cars. This would in my eyes be very telling. Prices over there are a good 30% more than here (and that was last summer - 'good' driver cars that would be 10-15k here were in the 18-20k Euro range). And selling quickly at that number. Cars in condition like Ed's likely 75k Euros over there, maybe more.

Times are a changing, interest is growing, supply dwindling on both parts and complete cars. Prices have at least doubled - tripled here from 4 years ago when I started. The past few months have been crazy as far as interest and prices. The biggest change is the supply, and when they appear they are sold pretty quickly whereas before - "crickets" for months on most early cars.

mr914

yeah I wrote something similar to your second paragraph on the fb 928owners page . How two years ago I could go to pick a part at my leisure and take all the parts I wanted from a 928 over a two week period .. Well this past weekend I went to check out a 79 they just received during that week and it was already picked over.thanks for your post

docmirror

You're trying to fit the sixth sigma examples into the first or second StD curve. I knew someone would. Go ahead, talk about the far, far right of the scale and try to sell it here. I can go find 20 craigslist ads for 78-84 cars under $8k in 10 minutes. If you are getting offered $20k for a driver car, and you aren't taking it - well that's on you. Then, you provide an example to counter your first para! "They may never get back what they put in....."

There are very, very few early cars that will bring $20k. I'd like to waste the time to go through the universe of 78-84 cars for sale and build you a curve, but I just don't want to bother.

If anyone knows the market well, I'm hoping Bailey will post up in here. The old saw; '$10,000 away from being a nice $5,000 car' is rooted in history and reality. We've got a white Euro on this very board in quite tasty condition asking $18k(note, $2k BELOW my commentary top line). We will see what we will see.

Forget the PMs, just post your known sales prices for early cars here. Put up man.

docmirror

http://dallas.craigslist.org/dal/cto/5552834818.html

http://oklahomacity.craigslist.org/cto/5554949602.html

http://corpuschristi.craigslist.org/ctd/5542201823.html

http://wichita.craigslist.org/cto/5530970329.html

http://boulder.craigslist.org/cto/5552156715.html

5 min work. Think you can flip ANY of these cars for double asking? If you can, then get your checkbook out. Sell it in Yerrup and make 18k Euros? I ain't from Missouri, but - show me.

linderpat

Sorry Doc, but you said "The top of the 928(non-Kermit) early pricing is maybe $20k?" That is flat wrong, and you did not post anything that fits that description. There are plenty of non-Kermit top level early ones out there but not for sale, and if they were their prices would far exceed $20K. Remember, Kermit is a plus $100K range car. Also, to me, early cars are the 78s and 79s. Not 80s and not 84s (two of your examples above). And not trashed, but nice well kept drivers with mostly original stuff. I know a number of these cars, and I know what it would take to get one, and it ain't $20k or less.

GregBBRD

Everyone is entitled to their own opinion....that's why there are so many thousands/millions of different investment opportunities out there.

I think I've got a pretty unique point of view....I've been doing nothing but Porsches for over 45 years.....nothing else.

I find your thought that I'm an "outlier of the 928 world" hilarious. All I do, these days, is repair, hotrod, and restore 928s. I've currently got 3 restorations going and another half a dozen patiently waiting for me to get to them. I'm not going to go into how much other 928 work I've got backed up, to do.....probably a years worth, at least. I'd love to know who and where you think the "heart of the 928 world" is, if I'm an "outlier".

Becasue I've been doing Porsches my entire life, I've seen $1500-$6000 356's. I've seen $1500-$6000 early 911's. Not one or two, but dozens of them. I didn't want them....no one wanted them....they required too much work and money to restore, at the time.

I wish I had them all, now.....

I've got a buddy, a mile from where I live, that has an entire huge warehouse filled with VW busses. Dozens of the things. Every variety you could ever imagine....there must be 10 of the early 27 window ones.....maybe more.

Ten years ago....he was an eccentric idiot, storing junk.

Today.....he's a fricking genius.

I can assure you that the current interest, in the 928 "world" is much, much much bigger than I've ever seen....for any of the Porsche models. There's not a single car that comes up for sale that doesn't have dozens of people looking at it.

Yup, some of the people looking are "bottom feeders" looking for a great car at a great price. Something they can "flip" and make a few thousand dollars on.

Some, however, are serious people looking to spend serious dollars to restore one of these things, while most of the pieces still exist.


The percentage of 356's and early 911's that are currently in the hands of "bottom feeders" is extremely low. They, long ago, sold these cars and banked their few thousand dollars of profit....exactly like this guy is trying to do.

This will also be the case with the 928's.

Are the "bottom feeders" going to restore one of these? Of course not. They are going to sell them when they can make a few bucks.

And for the cars worth restoring....ones that have the correct wheels, the battery cover, the original radio, the spare bulb container, the tools, the emergency medical kit, the spare spark plugs, the spare belts, the original gas cap....$1500 or $6,000 is a rounding error....because there is over 4K worth of stuff, right there....at today's prices.

Tomorrow?

I'm not sure anyone knows, for sure, but I've got a pretty darn good idea....

docmirror

Show me.

There is some ethereal magic world out there where 928s are selling for incredible profit. It's a land of unicorns, and rainbows, with wine flowing from the tap, and all the girls weigh less than 110Lbs. You can sell 928s for $20k, and buyers will be knocking down your door to pay. If you don't like it, there's another magic world across the sea where prices are doubled!

928 fanatics have the best rose colored glasses when it comes to our marque. Reality is suspended, and all things are possible. I want to move there someday, and own a whole fleet of 928s that I just wipe down with a cotton cloth, put a for sale sign in the window, and rake it in. Livin' off the fat of the land we are. Let the good times roll, and free drinks for everyone.

docmirror

I like posts that start out telling someone they are allowed to have an opinion. That's always a good starting point.

Glad I could provide some comedy relief, that's what I'm here for ya know. So, you've been doing only Porsche all your life. Why didn't you grab up those $1500 356s? You had a chance at a half dozen or more $3000 911s. Maybe you aren't as smart a Porsche guy as you think. But - we aren't talking about 356s, or 911 - ARE WE?

The 928 is, was and always will be the red-headed poor step child of the fleet. People want to rant about the remarkable turn-around just on the horizon. Cinderella will be fitted with the glass slipper, and prices are going to go through the roof! It's happening, it's coming, it Will Be Here Soon! Get your's now before they are all gone.

Anyone around for the runup in the XKE market? Remember when the 'experts' were predicting half million dollars for ANY XKE? Then, the market cratered, and a bunch of rich folks got caught with their ***** hanging out and every XKE ever built was for sale, and tanked the market. I remember.

Sure, there are going to be special cars. There are going to be the 6th sigma cars that are worth +$20k. Out of a universe of thousands, there are going to be a couple that will bring that money. Willhoit seems to find them pretty often, but even there - they are not raking in Ferrari money. Or even 930 money very often.

I don't mind that there are good cars for sale. I'm all for it. But let's look at this thread. The car is for sale for $6k. Suppose he gets his price, and an actual 'restorer'(not like me) starts in on it. By the time the car is ready to show, it's so far underwater they will drown.

So, I've said my piece, and all water under the bridge. I'm buying 928s for fun and small profit. trying to keep them out of Mark's hands, and putting them back in the fold. Peace out.

mr914

[QUOTE=. I can assure you that the current interest, in the 928 "world" is much, much much bigger than I've ever seen....for any of the Porsche models. There's not a single car that comes up for sale that doesn't have dozens of people looking at it. I curious to see if the current interest in early 928's translates to our cars being offered for sale at the Monterey auctions in the next few years.

Daniel5691

The car is still really green.