docmirror

Alex disagrees with Hagerty insurance. THE actuarial on all things classic/vintage car related, and purveyor of classic/vintage car insurance and revenue which would be enhanced by higher than provenance valuation.(note, I wrote Hemmings before which was a mistake)

Check

Let's go with NADA shall we?

http://www.nadaguides.com/Classic-Ca...r-Coupe/Values

Gulp,,,,

Well. Well. Let's just forget about the 'professional' valuations and go to the real world where cars are bought and sold:

https://classics.autotrader.com/clas...9&year_to=1979

Oh my. This - is getting tres embarrasse'.

I think my work here is done. But - y'all carry right on without me. Got your checkbook out?

linderpat

Those indicators are grossly lagging. This is what happens when a particular model starts to take off. The pricing jumps all over the place, skewing values downward. Until they catch up. Look at Excellence as Exhibit A - that rag is an embarrassment of inaccuracy, for virtually every model they value. And they are considered the definitive experts on the marque.

VanD

Like I said, find me a true concourse '78 or '79 for 32.6 and I'll buy it. Give you a very generous finders fee also.

But it has to meet the Haggerty Definition:

"Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is "concours."

NONE of the cars you showed or even the $59k one this thread started this come close to that definition. The above definition would require a >100k restoration to achieve, or a super low mile unmolested original (Kermit?).

The valuations are lagging.

docmirror

I don't work for you, I work(and post) for me. Here's a car, comparable to the OPs car at half the price and UNDER my first qualified value est. You don't want to admit you are wrong? That's fine, but you poo-pooed my number, and here it is - in metallic black splendor. There's a bonus car there, restored pretty well for under $10k, also a manual, also 79, in good shape. I would say the one I found is better as it's actually LOWER mileage, no sunroof, manual also and nicely cared for.

Justify the $60k. You can't. The OP can't. I stick with my number and went the extra mile to prove it to you and everyone else. Have a nice day.

VanD

Link missing? And what Concourse was it accepted to?

Only "Concourse" examples I can find, and I search a LOT...
http://suchen.mobile.de/fahrzeuge/de...ion=eyeCatcher

This one is an automatic, so add %20 if manual:
http://suchen.mobile.de/fahrzeuge/de...er=1&fnai=prev

Either of these would fit the bill. And to tell the truth, these really are not low milers, and have some non-correct items.

linderpat

Sorry Doc, just not with ya. The high end stuff will always get a premium. Right now, there are deals o be had, but the prices are vascillating all over the place because the market is in flux with rising values over all. The indicators - Sports Car Market, Hemmings and Haggerty cannot keep up with it, so their values lag. You sure can find some nice cars at good prices (relatively speaking, like that black 79 you found for $30K, that will need to have work done to make it original (filling holes after the S spoilers are removed and repairing paint, for starters). Anyway, no need to get huffy about it, it's all just fun for us, as I assume none of us make our living at this, and whether we are right or wrong means nothing in the grand scheme of things. That said, a 928 (in the right combo of condition, year and model) might make better sense than your typical 401K right now.

drooman

If that paint is indeed all original and in good condition, that's impressive. Original 70s black porsche paint went away pretty quickly without constant care and UV protection. The miles are a tough call there's been a lot of broken odometer gears over the years. the paint situation would tell more than the odometer IMO.

newcollector

Similar interior to my '79 no?

Aside from the auto stick

Jadz928

This is a '79 so it has what I call a 'transitional interior', where it's part vinyl and part leather. And this is how they did it with the cork color. Door panels, headliners, rear quarter pieces, rear glove box are the early 'mottled' cork vinyl we all love. Dash, console, armrests and seats are cork leather, solid in color.
MY80 was when Porsche went to mostly leather as standard (until it became an option in '84).
So that is why I call it transitional.

I believe the interior of the black '79 is original as it looks. I have an oak green one at the shop with the same interior. I really like it!

The Deputy

Made another observation, this time on the 78. It's gauges, speedo and tach, are a different shade of black...and the screws are different, too. Speedo was black screws with slightly rounded edges, but the tach was rusty screws with slightly squared edges. Basically, just like this car. Only thing missing on mine are the finger prints/smudges.

Brian.

GregBBRD

For all the "naysayers":

I've got news for you....you can't have an early car "restored" for $60,000.

(While I know that William did not spend this much money, if you were to add in just Rob's time at any kind of reasonable hourly rate, it would be way over $60K.)

To me, an unrestored car in this kind of condition is worth every penny.

hlee96

Agree. My just arrived '79 auto with complete restorations of interior, top shelf repaint, and engine rebuild done within the past 5 years cost at least ~$45,000. I have all the receipts and some pics of all the work done.

It still does not have an original radio nor original muffler, so $60,000 is not out of ordinary for a very nice restore.

docmirror

C'mon, he's not the only one. I've seen 6 for sales in here in the last week I think.

newcollector

Went for $35,000

Fair? Y/N?

Guy

With fees on top of that. Probably close to 40k. Without seeing it in person, I think that's fair money.