tcsracing1

Almost all 911 Porsches have gone up in value in last 18-24 months. Resales have adjusted to the demand.

911s are in demand. Especially the good ones.

JamesP

I was lucky to go the other way plus the AUD-USD exchanges rate was around 25% more favourable. Every now and then I like to look at the prices back home and have a bit of a smile.

Then again, the 993 C4S I sold in early 2012 has appreciated around 60% after speaking with the current owner and hearing the offers he has knocked back.

tgil

Could not resist a comment even though I no longer own my GT3.
I know its not a apples to apples comparison to modern GT3s, but just saw the owner/founder of SnapChat paid crazy money for 3 - 911s recently: a 993 GT2, and 2 other similary lower production and special 911s.

I agree with some of the comments about especially the 996 and 997 GT3/GT3RS with the relatively low production numbers, MT, more analog, performance suspension, Mezger engine, etc., that these cars will one day be the highly sought after 911s, and yes the 991 RSs are going for crazy money due to the fanatical GT following by Porsche and some well informed car enthusiasts.

Tedster

The market for all performance and collector cars has definitely cooled off during 2016 and Porsches are not immune. The crowd tends to stampede when scared and fear is in the air what with our political system in doubt and the likelihood of major international disruptions ahead what with the clown prince in charge. The smart money is moving again and it is looking for liquidity. It's likely that expensive cars will not be as good of an investment as they have been for the last 5 years. And that is probably a good thing for the true believers priced out of their favorites by well heeled casual collectors jumping on the bandwagon. Most of them may still be OK with their paper earnings but when they see that the latest buyers try to sell and realize there are no more chairs left when the music stops watch out. Too many cars crept up too fast. Some had been under valued (1973 2.4 911S at $60 k in 2011 then $260K in 2015, now $180). Gt3 RS 997.1 - $130K in 2009, $230 in 2015, now? maybe $170 and falling). Read Sports and Classic Car Market magazine and the latest auction sales for popular cars (think 246 not 250 GTO) are generally 20-30% below their recent peaks. GT3 and RS had been considered "weapons grade" and not collectible so they were driven and tracked regularly until recently Now most RS and many GT3 are tucked away gathering dust in expectation of capital appreciation that will not happen. Drive them my friends, this you will never regret.

Greg Lab

If the stock market goes up, and it looks very healthy with good demand and breadth (Trump rally), specialty Porsche prices will stay strong. 2016 was a long sideways correction in the stock market, so not surprised if the Porsche prices backed off some.

oldskews4

When my friends from Asia visited, they were shocked at how LOW the prices are here. A particular friend of mine bought 3 and shipped them home. Even with import duties and shipping, he said it still represents a 50% discount compared to prices there.

Spyerx

My cleaning lady told me 2017 is going to be fking epic.

Earnings are hot.

mooty

send them to me


i also have GT4 for sale
drugs and human organs too.

Perimeter

Prices in some Asian countries include nearly 100% TAX on high end luxury goods like Porsche GT cars. Make sure you are comparing just the car prices and not inflated out-the-door-including-taxes prices because countries structure taxation differently

madmurdock

lived in the states for almost 30 years and did all my education there. Never had plans of moving, but a visit to AUS and NZ five years ago got me thinking. I'm here now and staying in Central Coast for the time being.

Car prices are insane here. Even with the exchange rates on our side. On the other hand it's made me work harder since I love cars and need money if I want to play.

bmw_e30

you're wrong.

i think you thinking of jan koum the founder of whatapp. he just bought 3 of the rarest porsche's ever made...

https://www.tapatalk.com/topic/106387-33783

-eztrader-

wow - the man has great taste!

modoz61

Welcome to the neighbourhood, I'm on Central Coast NSW too. its a great spot and close to some rather nice roads

You're right car prices in OZ are crazy.

Nizer

I'll just leave this here...

http://www.goodingco.com/vehicle/201...-gt3-rs-3-8-3/

jasonturbo

I sold my 997.1 GT3 in spring of 2015 for roughly 110K CAD (91K USD), interest was intense and the car sold quickly and for more than I had initially asked.

I then received my GT4 in July of 2016, out the door price was 115K CAD and I sold for 135K CAD just a few months later, Cayman simply lacked the presence of a 911, brilliant car though. Took a bit longer than expected to sell, roughly 1 month.

Fast forward to last week, I purchased another 997.1 GT3 which had been sitting at a dealer for at least a month for 120K CAD (88K USD). Compared to my previous 997 GT3 this one is a stripper and has slightly more miles. Essentially suggesting that over two years the price of a 997 GT3 went up approximately 10-15%... not exactly a huge leap.

What I’m seeing in Canada is that 997 GT3’s have been pegged around 125k+ regardless of mileage, and they aren’t moving, I’ve yet to see one of these cars come to market and move within 30 days.

IMO 997 GT3 prices aren’t going anywhere anytime soon, if anything I could see them dropping before they go back up. Makes no difference to me, bought it to drive it.

Macro econ situation is bullish but the geopolitical situation is bearish, we're presently in some sort of bizarre stand off between the two forces.