Value of an Excellent 993 Cup Car
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Value of an Excellent 993 Cup Car
Have there been any 993 Cup Cars passing the auction block or otherwise changing hands in the last many months? If so, at what price, if known. The Gerry Seinfeld 993 RSR, which went for about $950K, is a close cousin of the 993 Cup so I was hoping some of that would rub off on a 993 Cup Car in excellent condition! Naturally some part of the $950K price was due to the Seinfeld factor. My 993 Cup Car was never raced in the SuperCup series, just limited PCA Club racing so it has only 7,500 KM and is mechanically and cosmetically beautiful. It's also notable in that it was produced on the last day they made air cooled 911's (June 30, 1997), is the third to last cup car made (by VIN) and is unique in that it's apparently (according to Porsche) the only 993 Cup Car that was painted Pastel Yellow (not Speed Yellow which is not that uncommon).
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Historically race cars including Porsche race car values have been significantly affected by race history and driver history usually cars without that history do not bring equal money. That being said 993s may be less affected by that rule but not sure not many change hands.
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Value is in the eye of the beholder, price is set by buyer and seller finding agreement.
This is rarified air, with very few sellers and few buyers, but find the match and you can strike gold.
993 inflation seems to have flattened this summer, waiting to see if it collapses of holds. Multiple "rare" 993 models have remained unsold for asking price. Lack of racing history limits pool of collectors even more. Seinfeld (and McQueen) was an exception, not a trend.
So set a selling price and see what happens.
This is rarified air, with very few sellers and few buyers, but find the match and you can strike gold.
993 inflation seems to have flattened this summer, waiting to see if it collapses of holds. Multiple "rare" 993 models have remained unsold for asking price. Lack of racing history limits pool of collectors even more. Seinfeld (and McQueen) was an exception, not a trend.
So set a selling price and see what happens.
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Value is in the eye of the beholder, price is set by buyer and seller finding agreement.
This is rarified air, with very few sellers and few buyers, but find the match and you can strike gold.
993 inflation seems to have flattened this summer, waiting to see if it collapses of holds. Multiple "rare" 993 models have remained unsold for asking price. Lack of racing history limits pool of collectors even more. Seinfeld (and McQueen) was an exception, not a trend.
So set a selling price and see what happens.
This is rarified air, with very few sellers and few buyers, but find the match and you can strike gold.
993 inflation seems to have flattened this summer, waiting to see if it collapses of holds. Multiple "rare" 993 models have remained unsold for asking price. Lack of racing history limits pool of collectors even more. Seinfeld (and McQueen) was an exception, not a trend.
So set a selling price and see what happens.
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Hi daedton,
As is said on occasion, "I think we're both right". Let me explain. A close friend bought a '1998' 993 Cup Car direct from the factory in 1998. However that car, and he believes all 17 '1998' 993 Cup Cars were produced (manufactured) earlier in 1997. Because they were 'sold' by the factory to customers after the 1997 to 1998 model year designation date (I think that date was July 31st at least at that time) they were designated 1998 cars and apparently a new VIN sequence was used. The last 993 Cup Cars were produced (manufactured) on June 30, 1997 of which my car was one. The last three digits of the last car were 114. My car is 112. I believe the 993 Cup Cars were used in the SuperCup races through the 1997 Formula 1 season. The 996 Cup Cars began in the 1998 Formula 1 season.
If anyone has more info on this subject, please chime in.
As is said on occasion, "I think we're both right". Let me explain. A close friend bought a '1998' 993 Cup Car direct from the factory in 1998. However that car, and he believes all 17 '1998' 993 Cup Cars were produced (manufactured) earlier in 1997. Because they were 'sold' by the factory to customers after the 1997 to 1998 model year designation date (I think that date was July 31st at least at that time) they were designated 1998 cars and apparently a new VIN sequence was used. The last 993 Cup Cars were produced (manufactured) on June 30, 1997 of which my car was one. The last three digits of the last car were 114. My car is 112. I believe the 993 Cup Cars were used in the SuperCup races through the 1997 Formula 1 season. The 996 Cup Cars began in the 1998 Formula 1 season.
If anyone has more info on this subject, please chime in.
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My understanding is similar but not the same. Yes produced in 1997 as MY 1998. But what I believe is that the first 15 (001-015) were Cups. (016-030) were RSR. You are saying yours is a 98 Cup with last three digits of 112?
My good friend here in CO as well has VIN 012 which is also a very original 993 Cup in exceptional shape but no race history as well. Mine has all race history having competed in the German Carrera Cup. I'm now more curious about your Cup because it falls outside of everything we thought. If yours is MY 1998 with last three digits of 112 then we are wrong.
My good friend here in CO as well has VIN 012 which is also a very original 993 Cup in exceptional shape but no race history as well. Mine has all race history having competed in the German Carrera Cup. I'm now more curious about your Cup because it falls outside of everything we thought. If yours is MY 1998 with last three digits of 112 then we are wrong.
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A real deal Virgin 993 Cup car is great car to have.
However,
Value on a 993 Cup that has only been club raced is typically less then a 993 Cup with racing history, especially in European markets regardless of condition.
The Seinfeld car was a RSR virgin with no race history. Given the rare opportunity to own such a rare clean car, i do not think the Seinfeld name made it that much more valuable. It is just a desireable collectable.
Had it been a winning car it could have fetched more money.
The Legendary Motorcars virgin 993 GT2 race car went across the block last month with reserve not met at $1 million....
Had it been a car with history, it might have fetched the reserve price.
As it stands now, factory 993 race cars are double or triple of where they were in 2012.
It is a funny market place with race cars. Sometimes History trumps condition.
However,
Value on a 993 Cup that has only been club raced is typically less then a 993 Cup with racing history, especially in European markets regardless of condition.
The Seinfeld car was a RSR virgin with no race history. Given the rare opportunity to own such a rare clean car, i do not think the Seinfeld name made it that much more valuable. It is just a desireable collectable.
Had it been a winning car it could have fetched more money.
The Legendary Motorcars virgin 993 GT2 race car went across the block last month with reserve not met at $1 million....
Had it been a car with history, it might have fetched the reserve price.
As it stands now, factory 993 race cars are double or triple of where they were in 2012.
It is a funny market place with race cars. Sometimes History trumps condition.
Last edited by tcsracing1; 09-08-2016 at 06:02 PM.
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My understanding is similar but not the same. Yes produced in 1997 as MY 1998. But what I believe is that the first 15 (001-015) were Cups. (016-030) were RSR. You are saying yours is a 98 Cup with last three digits of 112?
My good friend here in CO as well has VIN 012 which is also a very original 993 Cup in exceptional shape but no race history as well. Mine has all race history having competed in the German Carrera Cup. I'm now more curious about your Cup because it falls outside of everything we thought. If yours is MY 1998 with last three digits of 112 then we are wrong.
My good friend here in CO as well has VIN 012 which is also a very original 993 Cup in exceptional shape but no race history as well. Mine has all race history having competed in the German Carrera Cup. I'm now more curious about your Cup because it falls outside of everything we thought. If yours is MY 1998 with last three digits of 112 then we are wrong.
I think you misunderstood what I attempted to say. MY Cup Car is a 1997. It was produced (came down the assembly line in Stuttgart) on June 30, 1997, the last day any 993 Cup Cars, and I think 993 street, production occurred. There were a few Cup Cars previously produced but unsold sitting at the factory at the end of 993 production. When they were not sold to customers until after the date specified for MY 97, they were designated MY 98, like yours. I assume the VIN stamped into the body of your car is WPOZZZ99ZWS398001? The W in the VIN designates MY 1998. My car has a V for MY 1997. What happened to the Cup Car and RSR's once they left the factory varies, of course.
#12
The two most knowledgeable individuals I know to help you with a current valuation are Paul McLean & Thomas Schmitz. Both are very helpful, reputable & worth an international call.
http://www.gtclassics.co.uk/
http://www.germansportscars.net/
http://www.gtclassics.co.uk/
http://www.germansportscars.net/
Last edited by geordie; 09-09-2016 at 03:01 AM. Reason: add website address
#13
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Now I understand and yes that all makes sense now as they made that many 1997. Mine is as you say a "W" VIN. I'm visiting Germany in October and as Geordie mentioned, I plan on visiting Thomas Schmitz to talk about his opinion on this very subject.
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This car listed for sale is actually good value compared to what it cost to build or to find a real GT2.
Jeff Zwart raced an early 993 turbo that was registered as a 1995 for Pikes Peak.
I believe europe might have seen the 993 turbo as early as 1995 model year and some of the early cars were converted to race cars by certain teams.
Porsche managed to get some early cars for these race teams is my guess.