jeff968

It's not over yet but I thought I would point out some of the recent highlights in the secondary 968 market in 2017 that shows how it continues to grow:

Speed Yellow 968 cab sells for $29k - SY cab #1 showed up on BaT. A nice car with 73k miles but it needed some work. despite that, this collectible example was bid all the way to a strong $29k selling price.

19K mile Wimbledon cab - A beautiful example, it had 3 buyers who wanted it and it sold for just under its $46k asking price.

8K mile Speed Yellow coupe - Many thought the $76k asking price was out of line but this car had it all, color, M030, options, and the mileage. It also recently sold.

Good news for ALL 968s. The market is confirming what we already knew, that these are great cars.

ALCAPONE968

Jeff,
​​​​​​​I've seen a few more sell for very impressive numbers lately if you want to expand your list and keep this thread going

grants_968

Nice to read
+1

odurandina

Nicely done, Jeff.

Very impressive, considering you could pick up a Wimbledon for cheap money in 2010.

potent951turbo

I hate to rain on the parade but the 3 cars mentioned are all outliers with unique colors, options, low miles or all the above. This should be more described as a big year for collectible 968's. Premium cars will always demand premium money. I fully agree the general 968 market has gotten better in recent years but the truth of the matter is the vast majority of 968's are still 15k cars +/-.

Also based on the post we don't know what 2/3rd's of the sample got. Why tickle us with "just under its $46k asking"? If it was 45k just say it was 45k, is a grand going to let the cat out of the bag?

odurandina

True

there has been a HUGE devaluation of the US DOLLAR since 2008.

adjusting for that, the red ones, black ones and white ones haven't appreciated one dime since then.

but the field of unique colors that command good money does seem to be widening.

when i bought my 968 (in white before i changed it to blue) i kinda kicked myself when i saw some insane buys on

Aventerine Green (including a pristine one in Massachusetts w/ NOTHING LOW miles that went for $15K in 2008)
Cobalt Blue (1 with like 110k miles in Massachusetts went for $7K in 2008 in a quick sale i missed out on)!
Amazon Green
Wimbledon Green (at least 2 kicked around that went for soooo cheap it made me sick)
Amethyst
etc
There was even a Riviera Blue back in 2009 (i think) that changed hands for insanely low money.

jeff968

Well you are raining. I think those sales are confirmation of the 968 as a collectible. Otherwise even those examples wouldn't bring in those numbers. They may be premium 968s but even premium cars for other models don't necessarily bring in the dollars. IMHO.

As for disclosing the actual sale price, I leave that to the new owners to do. I respect their privacy. All I can tell you for sure is the public asking price and in the case of my sale, that we took close to ask.

odurandina

no one has ever disputed that some 968 colors are collectible.

the regular cars still lag soooo far behind the 964/993s and 928s of the same vintage.

when you consider how few 968s were delivered, it's kind of egregious.

there were so few made, most people aren't aware the car even exists......

maybe that's played out to have an opposite effect than so many other cars.

i've only seen 1 in my life out cruising amongst the wildlife, and another parked (21 years apart)!

*especially sad; they're so economically challenging to hot rod for big power and performance.

so sad, because the cars not only can take it, IT SEEMS LIKE THEY'RE DESIGNED FOR IT.

911Syncro

A few thoughts for discussion: (thought I'd throw my $0.02 in here during a boring lunch hour).

• The market is segmented into various Porsche lines: The 911, 356, 914, 928, Boxster, etc. Of course the 911 line is segmented even more into the different generations.
• The 968 will always be in the market segment called "924/944/968". It will not become its own accepted line of cars even though the styling is far superior than the others, "80% new" is not enough. The form factor is still a 924. These cars will always be known as "entry level" within the Porsche family like the 912 and 914 and Boxster.
• The 968 will "generally speaking" not exceed the value of the 944 Turbo - but will align along with it as prices go up. There is no pedigree or reputation or nostalgia or racing history for the 968 as there is with the 944 Turbo.
• The threats to 968 values are the 996 and the Boxster S / Cayman S. Excellent examples of these cars are now plentiful in the high teens prices where the 968 is headed. The 996 and Cayman will always be more desirable.
• There were no "specialty" models for the 968 (e.g. Turbo, "S" model, or special editions). M030 is an option, not a sub-model. Therefore the mind will always see all 968s as some type of "base model", the regular/plain model, and not associated with some high-end special edition pulling it up.

If there is one word I always think of the 968 it is "balance":

• Sure the handling is great balance. Side note: I've always liked great handling more than power, you know the old adage: "if you want a faster car go to driving school".
• It has balance between great performance and practicality and easier to repair.
• It is balanced between old and new. There was a break-point with Porsches around the mid 90s -- everything before including 928 and 993 are different than the 996 and Boxster that followed (including Cayenne, Panamerica, etc.). The 968 has a terrific balance between the older mechanicals and the newer Porsche styles and can appear very contemporary and fit well as a modern car. (except the B and C pillars on the coupe).
• The price is balanced, not too cheap and not too expensive.
• However "balance" by definition is "somewhere in between", it doesn't stand out in any characteristic at all, there are no extremes, no stories.

The Porsche market is fickle, based a great deal on emotion and perception. For most people the 968 will not stir the heart like other models. And yes it is a great car, but it is still unknown: ya kinda gotta own one to figure it out. I have nothing against the 968, owned mine for 11 years and 80K miles, terrific car. Just trying to add some objective realism to the pricing debate.

odurandina

Yep. the paltry 18 Turbo S/RS cars weren't even sold in the states.

the interior of mine covers the range of 968-996-997. i'm quite pleased with it, overall.

pete968/928

Bringatrailer.com has a cool chart that shows the sales result of 968s listed on their site since mid 2015. The low is $9,500 vs $29,000.

https://bringatrailer.com/porsche/968/

BaT Auction results (22) Sold

Chaos

I'm the high bidder on the gold wrapped one!

jeff968

All three of the buyers for the Wimbledon cab where serious, multi-Porsche collectors. The gentlemen who got the car has been dealing in collectible Porsches for 30 years and is one of the foremost authorities on collectible Porsches. He was more then thrilled to get this special car. I don't think you can compare a 944 turbo to a 968. I owned one. Great car but not a 968 and there are far too many and little variation in them. but that is my opinion. Still, be sure to post the 944 turbos that are trading with these numbers. Maybe i missed them?

spark1

There are many things in this post that are true. I truly do not fully understand how or why. As a rule, later model cars are better made that their earlier predecessors. Example: I had a '72 911 that was a European S imported from Finland. It was a great car and screaming fast. I sold it to buy a '74 Carrera. The '74 was a much better car...not close. The '74 was a rare car but will get less money than the '72. There were only aboThat describes the 911 schisms to a tee in my mind. I had the good fortune to drive the 944 prototype (1981) and found it to be incredible, not the same as a 911, but great in it own right. I had an S2 that was much better than the base 944. The 968 is that much better than the S2 but even more rare (per year). I believe that rarity will eventually prevail but it may take some time. Hopefully we will all become enlightened soon.

911Syncro

Hi Jeff, here is the best I can do to supply some sales examples, from BAT. It doesn't distinguish between 944 and 951, but I think we have to assume the higher priced sales are the 951. Also, I never meant to suggest the 951s are getting into the $46K or $76K range as they are for special 968s, only meant to say the 951s are in the same range as "most" good 968s, perhaps $15-25K.