964 Turbo market
#181
This 15k-mile Midnight Blue 3.6 Turbo will be up for auction on Pcarmarket in a couple days. They were asking $335k or thereabouts for awhile. Based on the paint meter readings, the car looks like it has had some previous paintwork.
https://www.pcarmarket.com/auction/1...64-36-turbo-2/
https://www.pcarmarket.com/auction/1...64-36-turbo-2/
Last edited by RapidGT; 01-18-2022 at 12:19 AM.
#182
you guys do realize that the economy could have taken a massive sh!tter between last Oct (when Mike had to make decisions), and Jan 15th, right???
hindsight is 20/20 and now everyone gets to say they think they could have done better. If you think it was so under valued, YOU SHOULD HAVE BID ON IT!!!
hindsight is 20/20 and now everyone gets to say they think they could have done better. If you think it was so under valued, YOU SHOULD HAVE BID ON IT!!!
Relax. The chances of the economy going into the ****ter was marginal at best and even BaT would have brought more for the car. Looks like the money came from overseas and there is plenty to go around.
I wanted to buy it back in 05 and the wife said no then because I already had one. Mike didn't make the decision till much later to list it at Mecum and could have easily switched venues. I walked through the sale to Matt with Mike and I think I gave him some sage advice he chose to take. It resulted in a win win for him but was all his decision that made it work. The second I heard he was considering Mecum I begged him not to and was clearly apparent to me this would happen. Amelia in a few weeks would have been a much better choice. You were part of the text chain when I said this. These are simple facts.
This impacts the entire market so I have interest but more so I was so disappointed when I saw the look on Mikes face on TV. I lived through most of this cars life with him and I felt hurt by what they did in general and something I have been saying for years about them. So yes I am taking this to heart maybe a bit too much but it affected me on a personal level as well. Even with the crowd there they did nothing to promote the sale IMO. I just deleted all the emails and mecum from my email list. I won't give them the time of day anymore and I hope others learn to do the same when selling their Porsche. They IMO should be ashamed and way undersold that car in this market. I can't help but say it as I see it.
This 15k-mile Midnight Blue 3.6 Turbo will be up for auction on Pcarmarket in a couple days. They were asking $335k or thereabouts for awhile. Based on the paint meter readings, the car looks like it has had some previous paintwork.
https://www.pcarmarket.com/auction/1...64-36-turbo-2/
https://www.pcarmarket.com/auction/1...64-36-turbo-2/
I do find it odd that this car has no charge for special order paint. Mine doesn't either and yet most of the later non 718 coded 3.6T's are charged for special order paint. I guess it was dependent on the selling dealer?
#183
Hi all. I'm looking at a '91 Turbo Euro import and had a few initial questions:
1. all things being equal would a recent Euro import have the same/higher/lower resale market value here in USA/Canada as an USA/Can specific car?
2. this might have been talked about before, but recent sales on BaT and PCar seem to have jumped a lot. The challenge is that there aren't a lot of Turbos for sale so sample size is small, but I'm hoping that some folks here who are much more knowledgeable that me can help pin point why some are going for 1.5-2x the price within 4-5 months of each other:
Recent Turbo 3.3L sales
1991 / 36,000miles / Jan 2022 / Black = $350,000 (BaT)
1992 / 11,546miles / Nov 2021 / Silver = $245,000. (PCar)
1991 / 17,000miles / Oct 2021 / Black = $210,000 (BaT)
1992 / 58,000miles / Oct 2021 / Amethyst = $160,000 (PCar)
1991 / 18,000miles / Oct 2021 / Meteor Grey = $256,000 (PCar)
1991 / 29,000miles / Oct 2021 / Red = $169,000 (BaT)
1991 / 44,000miles / Aug 2021 / Cobalt = $150,000 (PCar)
Cheers!
1. all things being equal would a recent Euro import have the same/higher/lower resale market value here in USA/Canada as an USA/Can specific car?
2. this might have been talked about before, but recent sales on BaT and PCar seem to have jumped a lot. The challenge is that there aren't a lot of Turbos for sale so sample size is small, but I'm hoping that some folks here who are much more knowledgeable that me can help pin point why some are going for 1.5-2x the price within 4-5 months of each other:
Recent Turbo 3.3L sales
1991 / 36,000miles / Jan 2022 / Black = $350,000 (BaT)
1992 / 11,546miles / Nov 2021 / Silver = $245,000. (PCar)
1991 / 17,000miles / Oct 2021 / Black = $210,000 (BaT)
1992 / 58,000miles / Oct 2021 / Amethyst = $160,000 (PCar)
1991 / 18,000miles / Oct 2021 / Meteor Grey = $256,000 (PCar)
1991 / 29,000miles / Oct 2021 / Red = $169,000 (BaT)
1991 / 44,000miles / Aug 2021 / Cobalt = $150,000 (PCar)
Cheers!
#184
For starters you have turbos that range from quite good to so so condition. Some people overpaid but as you see the nice cars fetch a premium. I always say buy because you like and not an investment. This craziness has to settle out eventually and a plateau will happen.
I have a few friends importing cars as we speak and the going rate for good RoW 3.3's in unique color or options seems to be in the 170k euro range and climbing. Unlike the earlier air-cooled there is little difference between RoW and US spec. Some cosmetics but mostly it. There are some buyers I know that won't touch a RoW car so it narrows the market but there are people that just want anything 964 these days and will pay up for less than perfect examples. I have been following the market for 20 years and it makes less sense to me now than ever. Prices for any 964 have been on a steady climb a nice 964C2 prior to 2020 was selling for $85k today the same car will fetch $150k or more. So it isn't just the turbo market which seems to be slightly lagging behind the N/A cars in market growth but quickly catching up.
I have a few friends importing cars as we speak and the going rate for good RoW 3.3's in unique color or options seems to be in the 170k euro range and climbing. Unlike the earlier air-cooled there is little difference between RoW and US spec. Some cosmetics but mostly it. There are some buyers I know that won't touch a RoW car so it narrows the market but there are people that just want anything 964 these days and will pay up for less than perfect examples. I have been following the market for 20 years and it makes less sense to me now than ever. Prices for any 964 have been on a steady climb a nice 964C2 prior to 2020 was selling for $85k today the same car will fetch $150k or more. So it isn't just the turbo market which seems to be slightly lagging behind the N/A cars in market growth but quickly catching up.
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heliolps2 (01-22-2022)
#185
Interesting car. It has had paint work. You can see the tape lines, meter readings and the rear bumper vin sticker has been painted over. Looks to need some TLC, new door seals which are NLA, front smile and small things. They need to add some underside photos which could change how we see it. Midnight is the second most common special order paint color to silver. I think it will do well but we will see.
I do find it odd that this car has no charge for special order paint. Mine doesn't either and yet most of the later non 718 coded 3.6T's are charged for special order paint. I guess it was dependent on the selling dealer?
I do find it odd that this car has no charge for special order paint. Mine doesn't either and yet most of the later non 718 coded 3.6T's are charged for special order paint. I guess it was dependent on the selling dealer?
#186
The seller responded to someone asking about paintwork and accidents with the following, “Never been in any accidents, car is fully original and I have no record of paint work, attached to the photos are the Car Fax and consistent paint meter. Car has a 3 layers of Ceramic Pro and shines as new.”
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heliolps2 (01-22-2022)
#187
#188
Lol Consistent paint readings. ??? The car clearly has had paintwork, they painted over the vin sticker on the rear bumper which is still there under the new paint.. The readings on the rear lid at 4.7 with 11.2 to the left and 19.1 to the right. Rising to 19.7 on the right quarter then dropping down to 4.1 on the door. I highly doubt it. Ok believe it if you choose to but that warrants some investigation in my book. There was a 13k mile 3.6T that had a full repaint at 13k miles to very high standards. I am assuming this might be the same car and I might be stepping on toes here but if so it is still a wonderful example but not all original. If you can't tell by looking what does it matter after 30 years?
Last edited by RapidGT; 01-19-2022 at 04:00 PM.
#189
Regarding paint meter readings; I have a 964 Turbo (21k miles) and a 993TT (18k miles) both with about as good documentation as one could expect; full service history since new and known ownership as well. I have an Elcometer coating measuring device, far superior to the garbage for sale on Amazon. Both cars measure 4.5-5.5 on EVERY panel. They are both amazingly consistent. The paint meter don't lie...
On the other hand, I have a delightful, low mileage 930. Every panel meters 4.5 - to 5.5, except the hood. It reads 7-9. I know its been repainted. It's nicely done, but I guess the previous owner just couldn't live with the rock chips. I knew this going in to the purchase and priced the car accordingly. If the owner of any car metering above 4-7 claims the car has never been repainted, its time to look for another car, or at least price the car as a repaint. I hasten to add that there is nothing terribly wrong with a respray, unless one is buying the car under the impression that it's all original paint. I have found "all original" cars to be increasingly rare, despite protestations from ignorant owners who have never put a paint meter on their car. I once traveled all the way across the country to buy an allegedly perfect 3000 miles 993 Turbo, only to find that the driver's side rear fender has so much Bondo under the paint that the meter couldn't read it. (>21 was the reading, as I recall). I pity the poor sucker who bought that car as a concourse example...it certainly wasn't cheap.
On the other hand, I have a delightful, low mileage 930. Every panel meters 4.5 - to 5.5, except the hood. It reads 7-9. I know its been repainted. It's nicely done, but I guess the previous owner just couldn't live with the rock chips. I knew this going in to the purchase and priced the car accordingly. If the owner of any car metering above 4-7 claims the car has never been repainted, its time to look for another car, or at least price the car as a repaint. I hasten to add that there is nothing terribly wrong with a respray, unless one is buying the car under the impression that it's all original paint. I have found "all original" cars to be increasingly rare, despite protestations from ignorant owners who have never put a paint meter on their car. I once traveled all the way across the country to buy an allegedly perfect 3000 miles 993 Turbo, only to find that the driver's side rear fender has so much Bondo under the paint that the meter couldn't read it. (>21 was the reading, as I recall). I pity the poor sucker who bought that car as a concourse example...it certainly wasn't cheap.
#190
Well said 1000000% he could of got way more on bat. mecum sucks they should stick to american muscle
Steve,
Relax. The chances of the economy going into the ****ter was marginal at best and even BaT would have brought more for the car. Looks like the money came from overseas and there is plenty to go around.
I wanted to buy it back in 05 and the wife said no then because I already had one. Mike didn't make the decision till much later to list it at Mecum and could have easily switched venues. I walked through the sale to Matt with Mike and I think I gave him some sage advice he chose to take. It resulted in a win win for him but was all his decision that made it work. The second I heard he was considering Mecum I begged him not to and was clearly apparent to me this would happen. Amelia in a few weeks would have been a much better choice. You were part of the text chain when I said this. These are simple facts.
This impacts the entire market so I have interest but more so I was so disappointed when I saw the look on Mikes face on TV. I lived through most of this cars life with him and I felt hurt by what they did in general and something I have been saying for years about them. So yes I am taking this to heart maybe a bit too much but it affected me on a personal level as well. Even with the crowd there they did nothing to promote the sale IMO. I just deleted all the emails and mecum from my email list. I won't give them the time of day anymore and I hope others learn to do the same when selling their Porsche. They IMO should be ashamed and way undersold that car in this market. I can't help but say it as I see it.
Interesting car. It has had paint work. You can see the tape lines, meter readings and the rear bumper vin sticker has been painted over. Looks to need some TLC, new door seals which are NLA, front smile and small things. They need to add some underside photos which could change how we see it. Midnight is the second most common special order paint color to silver. I think it will do well but we will see.
I do find it odd that this car has no charge for special order paint. Mine doesn't either and yet most of the later non 718 coded 3.6T's are charged for special order paint. I guess it was dependent on the selling dealer?
Relax. The chances of the economy going into the ****ter was marginal at best and even BaT would have brought more for the car. Looks like the money came from overseas and there is plenty to go around.
I wanted to buy it back in 05 and the wife said no then because I already had one. Mike didn't make the decision till much later to list it at Mecum and could have easily switched venues. I walked through the sale to Matt with Mike and I think I gave him some sage advice he chose to take. It resulted in a win win for him but was all his decision that made it work. The second I heard he was considering Mecum I begged him not to and was clearly apparent to me this would happen. Amelia in a few weeks would have been a much better choice. You were part of the text chain when I said this. These are simple facts.
This impacts the entire market so I have interest but more so I was so disappointed when I saw the look on Mikes face on TV. I lived through most of this cars life with him and I felt hurt by what they did in general and something I have been saying for years about them. So yes I am taking this to heart maybe a bit too much but it affected me on a personal level as well. Even with the crowd there they did nothing to promote the sale IMO. I just deleted all the emails and mecum from my email list. I won't give them the time of day anymore and I hope others learn to do the same when selling their Porsche. They IMO should be ashamed and way undersold that car in this market. I can't help but say it as I see it.
Interesting car. It has had paint work. You can see the tape lines, meter readings and the rear bumper vin sticker has been painted over. Looks to need some TLC, new door seals which are NLA, front smile and small things. They need to add some underside photos which could change how we see it. Midnight is the second most common special order paint color to silver. I think it will do well but we will see.
I do find it odd that this car has no charge for special order paint. Mine doesn't either and yet most of the later non 718 coded 3.6T's are charged for special order paint. I guess it was dependent on the selling dealer?
#191
#192
From what I hear that was all the money for that car.
#193
#194
#195