Prices Keep Drifting Up
#4996
Instructor
High mile '99 missing the 408's and ambers. Still a $20k car or maybe a $25'er?
https://bringatrailer.com/listing/19...1-carrera-254/
https://bringatrailer.com/listing/19...1-carrera-254/
I didn't buy for the 'investment potential' but, it will be interesting to me me to see what that car sells for, as I paid well under $20k for mine, a few weeks ago.
I felt better buying a high mileage car for a price that factors in an engine rebuild in the next few years, rather than buying a low mileage example that I will feel bad about driving. I bought the car to drive, so buying a car that has already lost the "low mileage" and "original condition" prestige will allow me to drive the hell out of it and when the engine needs to be refreshed, and transmission bearings need replaced; I will be able to afford to replace the wear items and keep on driving it.
Those 993s that have high mileage, but a recent engine rebuild (or two) are probably cars like this. Well loved, and well used.
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az968gpw (01-25-2022)
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Icelia (01-25-2022)
#4998
Three Wheelin'
I bought a similar car,.. not quite as option heavy, but a 1998 build date car, with some modern updates (read: missing original front and rear lights, and original wheels), but a clean example (though high mileage)
I didn't buy for the 'investment potential' but, it will be interesting to me me to see what that car sells for, as I paid well under $20k for mine, a few weeks ago.
I felt better buying a high mileage car for a price that factors in an engine rebuild in the next few years, rather than buying a low mileage example that I will feel bad about driving. I bought the car to drive, so buying a car that has already lost the "low mileage" and "original condition" prestige will allow me to drive the hell out of it and when the engine needs to be refreshed, and transmission bearings need replaced; I will be able to afford to replace the wear items and keep on driving it.
Those 993s that have high mileage, but a recent engine rebuild (or two) are probably cars like this. Well loved, and well used.
I didn't buy for the 'investment potential' but, it will be interesting to me me to see what that car sells for, as I paid well under $20k for mine, a few weeks ago.
I felt better buying a high mileage car for a price that factors in an engine rebuild in the next few years, rather than buying a low mileage example that I will feel bad about driving. I bought the car to drive, so buying a car that has already lost the "low mileage" and "original condition" prestige will allow me to drive the hell out of it and when the engine needs to be refreshed, and transmission bearings need replaced; I will be able to afford to replace the wear items and keep on driving it.
Those 993s that have high mileage, but a recent engine rebuild (or two) are probably cars like this. Well loved, and well used.
I know our buddy Bdron likes to think 996's will follow 993's, and he may be right, but time will tell. Probably still 10+ years off that mark, prices are up, (in my opinion), because everything is inflated right now.
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Icelia (01-25-2022)
#4999
Rennlist Member
Inasmuch as 996 is the next 911 Type following 993, then yes prices will initially lag behind, eventually catch, and ultimately surpass that previous model
If 911 history is any indication, that is
If however 911 history inexplicably passes over and somehow exempts Type 996 from the pantheon, then 996 will fade into worthless obscurity like every other “normal” car
Looking currently at prices for 996 GT1, GT2, Turbo, 4S, etc…
And given than no other formerly “hated” 911 Type failed to eventually recover itself, and rise into “Classic 911” status (912, SC, 964)…
Which of these two potential outcomes is logically more likely??
If 911 history is any indication, that is
If however 911 history inexplicably passes over and somehow exempts Type 996 from the pantheon, then 996 will fade into worthless obscurity like every other “normal” car
Looking currently at prices for 996 GT1, GT2, Turbo, 4S, etc…
And given than no other formerly “hated” 911 Type failed to eventually recover itself, and rise into “Classic 911” status (912, SC, 964)…
Which of these two potential outcomes is logically more likely??
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Icelia (01-25-2022)
#5000
Three Wheelin'
996 GT's, 4S, specials will always pull the higher dollar. The rest will plateau and be a regular used sports car. Even if the range maxes at $45-$50k for well kept lower mileage C2's, that's respectable. Maybe I'm wrong, but wallet gains aren't realized with a car. If you can drive it then sell for a net zero (factoring running costs, maintenance, insurance, etc.), most cases that's a figurative net positive.
Always depends on the mix of mileage and quality. Hell there's an Integra Type R on BAT that's at $110k right now...., for what was a $25k car in 2000. Supply / demand / yada yada yada.
Always depends on the mix of mileage and quality. Hell there's an Integra Type R on BAT that's at $110k right now...., for what was a $25k car in 2000. Supply / demand / yada yada yada.
#5001
Rennlist Member
Agree to a point, on the Acura
However Classic 911 manual coupes have always forged an unprecedented path in the collector market
They simply always beat expectations
Always
Edit: There has never, ever been anything in the 911 Porsche world like the Mezger. AND there never will be, ever again, Thus like CGT is doing now, Mezger will eventually launch along its own trajectory into another galaxy altogether
However Classic 911 manual coupes have always forged an unprecedented path in the collector market
They simply always beat expectations
Always
Edit: There has never, ever been anything in the 911 Porsche world like the Mezger. AND there never will be, ever again, Thus like CGT is doing now, Mezger will eventually launch along its own trajectory into another galaxy altogether
Last edited by bdronsick; 01-25-2022 at 02:53 PM.
#5002
Rennlist Member
How quickly we forgot the SC depreciated well below $10K; now nearing $100K
And 964's could be bought all day long around $15K; now nearing $150K
Classic 911 history always repeats itself, and 996 is (eventually becoming) just another Classic 911
Take the bottom, and add one zero: there's your 35+ year value
(996 bottom was $12K)
Ain't rocket science: 996 has already doubled almost twice (since $12K). Easy peasy to double only once (or even twice) more, just takes time
And 964's could be bought all day long around $15K; now nearing $150K
Classic 911 history always repeats itself, and 996 is (eventually becoming) just another Classic 911
Take the bottom, and add one zero: there's your 35+ year value
(996 bottom was $12K)
Ain't rocket science: 996 has already doubled almost twice (since $12K). Easy peasy to double only once (or even twice) more, just takes time
Last edited by bdronsick; 01-25-2022 at 02:49 PM.
#5003
Drifting
They made 3,823 Type R's according to lazy google search. I'd imagine fewer remain today and I'd imagine the bidders are putting together big collections - not buying a single collector car like I would. I can't remember the vehicle but I saw a 90's Japanese car go for big money recently and someone pointed out that the buyer had also recently purchased or bid on 2 Porsche CGT's, a Bugatti, a G63 AMG, and then a Gen 1 NSX, Honda S2000, etc. So someone who obviously has money for a nice collection that also had a soft spot for those 90's J vehicles growing up.
#5004
Rennlist Member
Agree to a point, on the Acura
However Classic 911 manual coupes have always forged an unprecedented path in the collector market
They simply always beat expectations
Always
Edit: There has never, ever been anything in the 911 Porsche world like the Mezger. AND there never will be, ever again, Thus like CGT is doing now, Mezger will eventually launch along its own trajectory into another galaxy altogether
However Classic 911 manual coupes have always forged an unprecedented path in the collector market
They simply always beat expectations
Always
Edit: There has never, ever been anything in the 911 Porsche world like the Mezger. AND there never will be, ever again, Thus like CGT is doing now, Mezger will eventually launch along its own trajectory into another galaxy altogether
If nothing else you're predictable.
You just happen to be right about both, but I still think it's funny and IMO fairly predictable.
Unfortunately there is no bargain 911 anymore, as it should be. What's not easy to predict is how high will they go and also what's not easy to predict is our bank account purchasing power.
But hold tight, once LGB is finished doing his thing, all this will correct to a degree. Something big is coming and if you've got a $200,000 993 S you need to dump to pay the mortgage, good luck with that.
Can I hire you for M2 CS pump and dump?
Last edited by 168glhs1986; 01-25-2022 at 03:39 PM.
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#5005
Rennlist Member
I'm a huge Mezger fanboy, nothing has changed; you can find many such Rennlist posts going all the way back to 2005 (and other forums previously). And I was driving (what you call pumping) my first 1999 as early as 2004
FWIW I saw the 2001 Turbo US patent application in the late nineties, almost two years before the launch: blown away
I said 6TT is the next Countach then, and I'm still sayin it today
Only difference is perhaps one or two people are listening today
FWIW I saw the 2001 Turbo US patent application in the late nineties, almost two years before the launch: blown away
I said 6TT is the next Countach then, and I'm still sayin it today
Only difference is perhaps one or two people are listening today
First the early 99 pump and dump. Now here comes the Mezger pump and dump! lol.
If nothing else you're predictable.
You just happen to be right about both, but I still think it's funny and IMO fairly predictable.
Unfortunately there is no bargain 911 anymore, as it should be. What's not easy to predict is how high will they go and also what's not easy to predict is our bank account purchasing power.
But hold tight, once LGB is finished doing his thing, all this will correct to a degree. Something big is coming and if you've got a $200,000 993 S you need to dump to pay the mortgage, good luck with that.
Can I hire you for M2 CS pump and dump?
If nothing else you're predictable.
You just happen to be right about both, but I still think it's funny and IMO fairly predictable.
Unfortunately there is no bargain 911 anymore, as it should be. What's not easy to predict is how high will they go and also what's not easy to predict is our bank account purchasing power.
But hold tight, once LGB is finished doing his thing, all this will correct to a degree. Something big is coming and if you've got a $200,000 993 S you need to dump to pay the mortgage, good luck with that.
Can I hire you for M2 CS pump and dump?
Last edited by bdronsick; 01-25-2022 at 05:00 PM.
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168glhs1986 (01-25-2022)
#5006
Rennlist Member
The Mezger galaxy will include all the previous 911 models...The New galaxy could easily leave behind the Carrera 996 997.1
#5007
Rennlist Member
Not all Mezgers are "Mezgers"
The water-cooled Porsche Motorsports motor specifically derived from the twin-turbocharged GT1 that won LeMans
That is what we now commonly refer to as the "Mezger"
I've owned several air-cooled 911's powered by Hans Mezger designs. And none of them were anything like my "Mezger" Twin Turbo. It's quixotic "964.." part number notwithstanding!
The "Mezger" is an epic, authentic, homologated Porsche Motorsports powerplant that never existed in any 911 before, nor ever will again
The water-cooled Porsche Motorsports motor specifically derived from the twin-turbocharged GT1 that won LeMans
That is what we now commonly refer to as the "Mezger"
I've owned several air-cooled 911's powered by Hans Mezger designs. And none of them were anything like my "Mezger" Twin Turbo. It's quixotic "964.." part number notwithstanding!
The "Mezger" is an epic, authentic, homologated Porsche Motorsports powerplant that never existed in any 911 before, nor ever will again
But ::: using this logic as a prediction on future values, the Mezger galaxy would bring along the previous 911 models, the 996,997.1 Carrera will be left out of that galaxy..
The Mezger galaxy will include all the previous 911 models...The New galaxy could easily leave behind the Carrera 996 997.1
The Mezger galaxy will include all the previous 911 models...The New galaxy could easily leave behind the Carrera 996 997.1
Last edited by bdronsick; 01-25-2022 at 05:27 PM.
#5008
Rennlist Member
Not all Mezgers are "Mezgers"
The water-cooled Porsche Motorsports motor specifically derived from the twin-turbocharged GT1 that won LeMans
That is what we now commonly refer to as the "Mezger"
I've owned several air-cooled 911's powered by Hans Mezger designs. And none of them were anything like my "Mezger" Twin Turbo. It's quixotic "964.." part number notwithstanding!
The "Mezger" is an epic, authentic, homologated Porsche Motorsports powerplant that never existed in any 911 before, nor ever will again
The water-cooled Porsche Motorsports motor specifically derived from the twin-turbocharged GT1 that won LeMans
That is what we now commonly refer to as the "Mezger"
I've owned several air-cooled 911's powered by Hans Mezger designs. And none of them were anything like my "Mezger" Twin Turbo. It's quixotic "964.." part number notwithstanding!
The "Mezger" is an epic, authentic, homologated Porsche Motorsports powerplant that never existed in any 911 before, nor ever will again
He was retired by the time the water-cooled "Mezger" 996 was built..
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GC996 (01-25-2022)
#5009
How quickly we forgot the SC depreciated well below $10K; now nearing $100K
And 964's could be bought all day long around $15K; now nearing $150K
Classic 911 history always repeats itself, and 996 is (eventually becoming) just another Classic 911
Take the bottom, and add one zero: there's your 35+ year value
(996 bottom was $12K)
Ain't rocket science: 996 has already doubled almost twice (since $12K). Easy peasy to double only once (or even twice) more, just takes time
And 964's could be bought all day long around $15K; now nearing $150K
Classic 911 history always repeats itself, and 996 is (eventually becoming) just another Classic 911
Take the bottom, and add one zero: there's your 35+ year value
(996 bottom was $12K)
Ain't rocket science: 996 has already doubled almost twice (since $12K). Easy peasy to double only once (or even twice) more, just takes time
My bet on the "next 993" is the 991. A 911 that has never gone through deep depreciation... and don't think will go.
#5010
Three Wheelin'
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168glhs1986 (01-25-2022)