993 WB Values are UP!!!
#1216
Rennlist Member
i would say, with 6 available at one time, this is a good time for someone to possibly grab a deal. there will obviously be cross over of some bidders, but some of the more 'average' of the bunch might be bought for a very good price considering the market this past year. this is like having 6 similar cars going across a standard auction floor in one day. the lower of the bunch could be deals.
The following users liked this post:
jfischet (09-28-2021)
#1217
Here's what the market looks like in picture form. These are all BaT and PCAR Market sales, buyer's commission included. Unlike a year or two ago, the spreads are now so huge it's virtually useless as a price guide:
9/29/21 EDIT: the trendlines are correct as shown but the equations should be:
C2S: .68x +166.0
C4S: .73x +160.6
9/29/21 EDIT: the trendlines are correct as shown but the equations should be:
C2S: .68x +166.0
C4S: .73x +160.6
Last edited by Jay777; 09-29-2021 at 02:28 PM.
The following users liked this post:
rk-d (09-28-2021)
The following users liked this post:
Gdub (09-28-2021)
#1219
Rennlist Member
#1220
Rennlist Member
Market will level but go up eventually. Porsche isn’t producing any more Air Cooled 993s.
#1222
Our fiat dollars are worth less and less daily as they keep printing so it takes more of them no matter what you buy. Prices aren't going up the value of the dollar is going down. Except for precious metals.
The following users liked this post:
toona (09-29-2021)
#1223
A couple of things...
Haven't seen an RNM, yet (with the exception of that one with the questionable mods) - tells me there is still demand...this batch of cars should prove either greedy sellers, a saturation of offerings, or, that auction yesterday wasn't a great example of the market conditions.
This White C2S https://bringatrailer.com/listing/1997-porsche-911-66/ will be a better a gauge of market conditions...and then, well, there is this...from a seller that knows what he's doing...and which is already appropriately surging (see first point) https://bringatrailer.com/listing/19...carrera-4s-36/.
Based on the peanut gallery thread, the "known" seller in the $128k car apparently is a dealer that had the car on display in his show room?
My take, that $128k result was a combination of a Monday ending, a lack luster presentation and response, and a steal for the buyer....at $133k cost to buyer!
We shall see...
Haven't seen an RNM, yet (with the exception of that one with the questionable mods) - tells me there is still demand...this batch of cars should prove either greedy sellers, a saturation of offerings, or, that auction yesterday wasn't a great example of the market conditions.
This White C2S https://bringatrailer.com/listing/1997-porsche-911-66/ will be a better a gauge of market conditions...and then, well, there is this...from a seller that knows what he's doing...and which is already appropriately surging (see first point) https://bringatrailer.com/listing/19...carrera-4s-36/.
Based on the peanut gallery thread, the "known" seller in the $128k car apparently is a dealer that had the car on display in his show room?
My take, that $128k result was a combination of a Monday ending, a lack luster presentation and response, and a steal for the buyer....at $133k cost to buyer!
We shall see...
And with 6 WB 993s competing for $, I'd expect prices to be closer to $130+/- than the $150-$170k, except perhaps Tarek's.
Will not be surprised if prices deflate a bit, and in the medium to long run it's actually healthy; having sales at $130-$140k'ish for a few months and then pose to shoot back up to $140-$170k'ish by next summer.
And in 3-4 years, $180-$220k WBs will feel like the new norm, w/ Turbos routinely going for low to high $200ks.
#1224
Rennlist Member
If I ignore the best fit curves and throw out the outliers less than 20k miles, the interesting data is horizontal. Many of these cars are trading in the same price range regardless of mileage up to about 80k miles.
Which says those that know the longevity of these cars are taking other items into consideration; options, maintenance records, responsiveness of seller for example.
Which says those that know the longevity of these cars are taking other items into consideration; options, maintenance records, responsiveness of seller for example.
#1225
If I ignore the best fit curves and throw out the outliers less than 20k miles, the interesting data is horizontal. Many of these cars are trading in the same price range regardless of mileage up to about 80k miles.
Which says those that know the longevity of these cars are taking other items into consideration; options, maintenance records, responsiveness of seller for example.
Which says those that know the longevity of these cars are taking other items into consideration; options, maintenance records, responsiveness of seller for example.
seller is the biggest factor for me. period.
#1226
[QUOTE
Which says those that know the longevity of these cars are taking other items into consideration; options, maintenance records, responsiveness of seller for example.[/QUOTE]
or that FOMO is at an all time high….
Which says those that know the longevity of these cars are taking other items into consideration; options, maintenance records, responsiveness of seller for example.[/QUOTE]
or that FOMO is at an all time high….
#1227
or that FOMO is at an all time high….
When I bought my car a few years ago, it stung a little that the same car was selling in the ~60s a few years prior to my purchase at 89k. I realized at the time that I just needed to get over it and buy the thing. And now look at it.
There has to be a ceiling though. I just don’t see a C4S breaking $200k. Not consistently and not anytime soon, unless inflation just goes unchecked.
#1229
Rennlist Member
Isn't it possible that the latest cohort enthusiast buyers decide the 993 isn't for them (unimaginable, I know) and try their luck at flipping for a profit? I plan to keep mine forever but there are a lot of good cars out there, vintage and modern. I think there could be enough 993s changing hands to keep the market moving.