isn’t there a saying rising tide lifts all ships, or a different economist said, more appropriately, a rising tide only lifts yachts.

And I agree, these are super rare due to mileage and have some level of collectibility due to the generational aspect. Fast and furious generation buying up their hero cars. -Great term btw!

Even with that, I would have never thought they would go for that high a number!

I feel like the Porsche market follows a different drum beat, almost as if Porsche folks are a different breed. The whole 993 craziness that went on a couple years back, gt cars perpetually holding value or increasing... maybe its because Porsche is the pinnacle of automotive engineering...

 

The prices for Japanese cars on BAT is insane. But, nothing compares to this one: https://bringatrailer.com/listing/1971-datsun-240z-124/

 

Yes - that one pegs the insanometer.

I had one of those cars in the early 80's. In its day it was considered a competent sports / GT car. The earlier models had a great running 6 cyl (smog controls screwed up the '73 model 240.)

The cars handled badly. Interior materials were crap. Rust claimed most of them.

You would really have to have stupid amounts of disposable cash and be caught up in a twisted nostalgia warp to be willing to buy one of those cars for anywhere near that money.

 

I was offered about $6k more for my lowly optioned 2005 C2 manual with 40k miles from an MB dealer than I was about 3 years ago with less mileage.
This was for a potential trade in on a heavily discounted 4k mile 991 2014 C2S. Plus I have had more compliments, looks and "are you looking to sell" from random people in the last 5 months than i have had in a good number of years - maybe its my new wheels. So, I don't agree with the values going down, quite the contrary based on my anecdotal evidence.

 

That Z was amazing, but the price was unbelieveable.

 

High tide lifts all ships/cars except Pontiac Aztecs . On the flip side, as Warren Buffet said, low tide shows you who's swimming naked.

As for the Porsche market marching to a different drum, I don't disagree. The 911 in all its iterations always had a character all its own and car buffs who drove them almost always got hooked. Jerry Seinfield and Magnus Walker really got hooked with large collections. Also, look at the 15% to 20% of 911's still ordered with a manual transmission.

When Ferrari and Lamborghini stopped offering manuals altogether, maybe some cared but they stopped offering them because the demand for them was so minuscule that it no longer made financial sense to keep producing them. Not so for Porsche. They stopped offering manual for the GT3 but there must have been enough outcry where they brought back manual as an option.

 

Mine's coming on the market soon so I hope prices are firm

 

For what it’s worth, I had a dealer offer me $38k for my 06 C2S last year. About 3k miles later, I got one of those “we want your car” emails from a large dealership here. Just out of curiosity I gave them a call. They ran the vin, asked me about condition and offered me $30k. I of course declined, but surprised it was that low (it was a Porsche dealer). My car had 44k miles on it and is in very good condition with records from my 5 years of ownership (was a CPO car before that).

 

interesting... I always thought those we want your car mailers were just to get you in the door. $30k is def not enough for that! Was it the same dealer who offered 38?

$38k now if they paid cash and not trade seems reasonable.

 

Different dealers but both were cash with no trade in my part. The first was a Mercedes dealer that was looking to create a name in the local pre-owned Porsche market. They have some good cars coming through and I eventually ended up with a cayenne gts from them after they called a few months down the road to tell me what they had available.

My C2S is a manual and fairly lightly optioned outside of the S package but has full leather, Bose and a few other small options.

 

I have a log of all the final price of BAT 997 auctions with color, mileage and model. Adjusted for mileage and desirable options the average price for 2006-08 997 has been climbing on BAT since middle of 2019. Occasionally, you can still find a good deal but my opinion is that these cars have found the bottom of the market as far as BAT is concerned.

2009 and 997.2 are still bouncing around a bit so they haven't reached bottom.

2005 is still a bargain probably because IMS is still scary for a lot of buyers.

 

That's actually good for those of us in the know as an 05 either has a small replaceable bearing or the larger less failure prone bearing. Getting an early build car cheap because of the fear-mongering and swapping to the IMS Solution makes for a tremendous value. Both my 997s are 05s, but happen to be large bearing cars.

 

I used to think that about AMC Pacers too, now look at em. F. Who knew????

 

What? AMC Pacers are collectibles now?

 

Here is an interesting article appropriate for OP title:

Now Is The Best Time To Buy A Porsche 911 (997)

JUN 14, 2020 BY JARED ROSENHOLTZGet one before the prices go up.

The brand-new 992 is one of the best sports cars on the market right now. But if you are loathed to spend well over six figures on a base 911, the 997-generation has a lot going for it with prices yet to go crazy.

https://carbuzz.com/features/now-is-...orsche-911-997