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CJ could you expand your response to include Singer, Guntherweks, and other branded restomod houses? Curious if you think these will hold their sticker price over time? -hyp
hell no they will not. they're reverse rare with new ones being built nonstop. most of them are ugly or boring colors.
only RUF is worth the cult price in terms of holding value- they have real performance. they have a real following. they have history.
back to the question- I'd rather buy CGT's and 997 4.0's and TDF's and 993 GT2's and 993 RS vs a restomorph that they charge 700-1.7m on. makes no sense to me. like an richard mille- blind people styling for people who hate money? gunther is ugly. crosseyed - weird pointy carbon bits probably not NHTSA crash tested. no thanks. singer is 3+ year wait...lol sounds fiscally secure. 50% of the cars are painted gray. yawn.
gun to the head, 800k to spend on a Porsche? Buy 911R, boxster spyder and spend the rest on a GT3 or 3RS
hell no they will not. they're reverse rare with new ones being built nonstop. most of them are ugly or boring colors.
only RUF is worth the cult price in terms of holding value- they have real performance. they have a real following. they have history.
back to the question- I'd rather buy CGT's and 997 4.0's and TDF's and 993 GT2's and 993 RS vs a restomorph that they charge 700-1.7m on. makes no sense to me. like an richard mille- blind people styling for people who hate money? gunther is ugly. crosseyed - weird pointy carbon bits probably not NHTSA crash tested. no thanks. singer is 3+ year wait...lol sounds fiscally secure. 50% of the cars are painted gray. yawn.
gun to the head, 800k to spend on a Porsche? Buy 911R, boxster spyder and spend the rest on a GT3 or 3RS
Going off topic… My son and I are building an all out restomod myself right now from an ‘84. Granted it’s not a singer, it still is going to be incredibly cool with a 1997 3.6 varioram, brembo gt brakes, Tractive electronic coilovers, center fill tank, rotiform wheels, full custom interior, all new wiring, etc etc. We have gone all out with everything - paid zero attention to a budget and the cost including the donor car is well under $150k. That includes the car, the body work, paint, 930 wide body conversion, and a full nut and bolt restoration of every component. Of course we are saving a ton doing almost all of the work ourselves.
I do not understand how in the hell these cars fetch $1M or more. They just are not that expensive to build. The margins must be crazy for these high end builders. Granted the attention to detail is insane but so is the price!
I am building an all out restomod myself right now from an ‘84. Granted it’s not a singer, it still is going to be incredibly cool with a 1997 3.6 varioram, brembo gt brakes, Tractive electronic coilovers, center fill tank, rotiform wheels, full custom interior, all new wiring, etc etc. I have gone all out with everything - paid zero attention to a budget and the cost including the donor car is well under $150k. That includes the car, the body work, paint, 930 wide body conversion, and a full nut and bolt restoration of every component.
I do not understand how in the hell these cars fetch $1M or more. They just are not that expensive to build. The margins must be insane for these high end builders. Granted the attention to detail is insane but so is the price!
Bespoke Carbon body panels and interior components aren't cheap.
Taste is subjective, but these cars have jewel like finish. I've probably spent upwards of $40k upgrading my 993 with RS components and a variety of OEM body panels (not a resto-mod) and I'm very happy with it, but it's nothing like those cars (and frankly I wouldn't want it to be - I want my air-cooled car looking (and smelling) like an air cooled car. The Guntherwerks I examined smelled oddly like a brand new car.
More to the point - most people don't want the hassles and don't want to nerd out on building a 10/10 resto-mod. It takes a lot of time, effort, research and passion to modify these cars. Some people want a turnkey solution and are willing to pay for it.
Bespoke Carbon body panels and interior components aren't cheap.
Taste is subjective, but these cars have jewel like finish. I've probably spent upwards of $40k upgrading my 993 with RS components and a variety of OEM body panels (not a resto-mod) and I'm very happy with it, but it's nothing like those cars (and frankly I wouldn't want it to be - I want my air-cooled car looking (and smelling) like an air cooled car. The Guntherwerks I examined smelled oddly like a brand new car.
More to the point - most people don't want the hassles and don't want to nerd out on building a 10/10 resto-mod. It takes a lot of time, effort, research and passion to modify these cars. Some people want a turnkey solution and are willing to pay for it.
Cool looking car BTW
Thanks… and to be clear, I’m in no way comparing it to a GW or Singer. But I really can’t wrap my brain around those prices.
The FED has pretty much done what it wants to do since Congress gave them a "dual-mandate" back in 1977 when they amended The Federal Reserve Act of 1913.
They've never taken any orders or felt any pressure from career politicians. To even make such a claim is preposterous.
The Fed Chair shows up twice a year in front of Congress in Feb and July and gives them an update on their goals.
Period.
The Fed Chairman is the most powerful person in the country because he and his governors set monetary policy and the price of money.
He answers to no one, let alone a congressman who never got around to taking Econ. 101a or knows what the Taylor Rule is.
If anyone thinks otherwise, I guess they werent around in 2008-2009 when Ben Bernanke waved his "magic" wand and guaranteed all of the counterparty risk for market participants on the other side of the AIG CDS trades. - - - Never mind the extraordinary steps that Bernanke and the Fed undertook in regards to AIG.
Is the Fed Chairman infallible?
Of course not.
The same guy that increased M2 by over 40% from March 2020 - January 2022 and who had his head stuck in the sand thinking that inflation was merely "transitory" is now trying to play catch up with our economy at risk. It's like a football team that is behind by 2 touchdowns with not much time on the clock and has gone into a "no-huddle" offense. Even after Powell's Mea culpa in December 2021, it took him until March to raise Fed Funds by a measly 1/4 point because he had to wind-down their QE bond-buying program first. Never mind that the CPI in November of 2021 was already at 6.8%
He might just go down as one of the most incompetent Fed Chair's in history.
But we got stuck with him because Trump believed that Yellen was too short (5'2") to be reappointed.
But that's another topic.
Time will tell.
that was some of the best well written, BS. I have seen in quite a while. Thanks for the laugh. Happy new year.
First question is, why are you buying the vehicle?
Second question is, do you have F you money?
$100k ADM is definitely below the $150k that was quite commonly stated around here about a month ago.
I honestly thought ADMs were going away. I’m sure they will as the economy continues to crash, but they are still here now. I suspect mostly because of allocation shortages, but then you read on other threads that Porsche is cranking out Turbo S cars more than ever. I don’t know what to believe. However, I do know what dealers tell me and the very few allocations they are getting have ADM’s attached to them. Anywhere from 50K to 150K. That’s the situation in Florida.
“F you money” is very subjective. To me that means you have a fully staffed 150 foot yacht and a Gulfstream 5 in addition to your three houses.
I honestly thought ADMs were going away. I’m sure they will as the economy continues to crash, but they are still here now. I suspect mostly because of allocation shortages, but then you read on other threads that Porsche is cranking out Turbo S cars more than ever. I don’t know what to believe. However, I do know what dealers tell me and the very few allocations they are getting have ADM’s attached to them. Anywhere from 50K to 150K. That’s the situation in Florida.
“F you money” is very subjective. To me that means you have a fully staffed 150 foot yacht and a Gulfstream 5 in addition to your three houses.
i dont think those guys obsess and count the days to a new RS however.
i dont think those guys obsess and count the days to a new RS however.
I don’t know man. We all obsess over different things don’t we? People with that kind of money have hobbies and interests also. Maybe it’s fast track cars? They just have 20 of them Lol.
Going off topic… My son and I are building an all out restomod myself right now from an ‘84. Granted it’s not a singer, it still is going to be incredibly cool with a 1997 3.6 varioram, brembo gt brakes, Tractive electronic coilovers, center fill tank, rotiform wheels, full custom interior, all new wiring, etc etc. We have gone all out with everything - paid zero attention to a budget and the cost including the donor car is well under $150k. That includes the car, the body work, paint, 930 wide body conversion, and a full nut and bolt restoration of every component. Of course we are saving a ton doing almost all of the work ourselves.
I do not understand how in the hell these cars fetch $1M or more. They just are not that expensive to build. The margins must be crazy for these high end builders. Granted the attention to detail is insane but so is the price!
Man that is so cool! You are making great memories!
Going off topic… My son and I are building an all out restomod myself right now from an ‘84. Granted it’s not a singer, it still is going to be incredibly cool with a 1997 3.6 varioram, brembo gt brakes, Tractive electronic coilovers, center fill tank, rotiform wheels, full custom interior, all new wiring, etc etc. We have gone all out with everything - paid zero attention to a budget and the cost including the donor car is well under $150k. That includes the car, the body work, paint, 930 wide body conversion, and a full nut and bolt restoration of every component. Of course we are saving a ton doing almost all of the work ourselves.
I do not understand how in the hell these cars fetch $1M or more. They just are not that expensive to build. The margins must be crazy for these high end builders. Granted the attention to detail is insane but so is the price!
Cool project - can't wait to see finished project. And building with your son doesn't get any better.
I’m first on the list at my dealership. They just told me the markup is 250k and they will move down the list if I decline.
ridiculous. I have a 991.1 GT3RS and 992 GT3. I’m just going to Dundon’up my 992 and stay clear of this crap.
$250k. Who would pay > $500k for one of these? The problem is it’s just a dude with money. The GT’s always attracted true enthusiasts. The demographic of GT car owners has changed and will change even more radically.
I’m first on the list at my dealership. They just told me the markup is 250k and they will move down the list if I decline.
ridiculous. I have a 991.1 GT3RS and 992 GT3. I’m just going to Dundon’up my 992 and stay clear of this crap.
$250k? HAHAHA You can get a dozen allocations from other dealers if you are willing to pony up $150k. They are looking for a super and anyone who pays $250k ADM needs to lose all of their money because they are a complete moron.
12-26-2022, 04:48 AM
