67 911, $85,120 with commission. Looks like it deserved more than that?
https://www.bonhams.com/auctions/25221/lot/171/
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67 911, $85,120 with commission. Looks like it deserved more than that?
https://www.bonhams.com/auctions/25221/lot/171/
Weak year overall so far.
Unless it was done south of the border, the work, parts, and materials for what was done to this car must have reached nearly 1/2 of that sale price. Hope the seller got the car for a song.
Agreed! A stunningly prepared SWB. Anyone contemplating a full resto (unless of course there are strong sentimental reasons!) would be better advised to purchase something like this! Turn the key & enjoy!
Amen!.....Quote:
Originally Posted by 911kiwi
Wow. I remember thinking the car was nice at $115k. -$30k later... Seller must be disappointed to say the least. Buyer must be thrilled.
Scott
Well that’s depressing.
What a blood bath.
Polo Red 67S went for $140,000.00 last night at Sotheby auction. Really disappointing. Sold no reserve. $18,000,000.00 McLaren just before it sucked all oxygen out of the room. No reserve and people leaving in droves.
With the high asking price of old posche parts will we see people breaking up nice cars ;) ?
I hope I’m wrong, but 911’s might be the canaries in the coal mine.
I was watching Mecum Monterey on TV. Random sampling indicated that auctions may no longer be the way to go. Multiple examples of nice cars (foreign and domestic) yielded ho-hum results. Two mid-70's 911's only got to the 20K range. May be time to go back the old, slow, patient way of finding the right buyer in a non-auction environment. My .02
There's no shortage of nice old 911's to choose from now.
Heard that there's a 1970 911 in Once Upon A Time In America with Margot Robbie at the wheel. That should help boost interest for next year. 😉
$19.8 Mil for the Mclaren F1. New Zealand car was owned by my friend Andrew and he is ""stoked''Quote:
Originally Posted by doigthom
As Frank mentioned "a blood bath'' for many marques
Quote:
Originally Posted by jaudette3
Not sure if it means anything, but the 356 coupe canary just fell over
Yikes !! Hard to see such quality cars sell cheap. But, no reserve cars mixed in with reserve cars could catch bidders off guard.Quote:
Originally Posted by doigthom
Felt really bad for the owner of the 1956 A Coupe that sold in the last slot at Gooding on Saturday. $125k-$150k Estimate, sold for $84k. Ouch.Quote:
Originally Posted by John912
Some of us with early 911s are crying. Some of us with 912s are dying.
Go for a drive Jim and the smile will come back xxQuote:
Originally Posted by Jim Morris
After 25 years of 911's being restored; there are so meany out there that all the collectors in the world could have 3 each it seems. Chris
Chris, I think you have it right there!
As the prices of a few years ago began climbing, so did the number of cars coming out of the woodwork that could justify the spend of a full restoration. Resto costs moved up with the cars' values and the earlybirds got the buyers & cashed in on the excitement (speculators and those with FOMO). But it's supply and demand, and it appears that those with the money have got their cars and now there's a surplus!
Upside, those that thought they couldn't afford to own an early 911 now have a glimmer of hope!
Still glad I bought mine when I did (26 years ago) and still "drive it like I stole it". Which I pretty much did, when you consider what it's worth now, even with the current "dip".
Agree. We must be bought around the same time. Got a whole matching numbers good provenance RS for probably what it would cost just to buy a a handful of choice spare part for the thing now.Quote:
Originally Posted by 911kiwi
They had been higher in late eighties six figures for RS and fell so not sure why it would be expected to be only ever a one way price journey these days given the dramatic ride of late.
Maybe even longer term owners than got early 911 even cheaper e.g. for the price of a couple of Sport Recaros in today's asking price or possibly even in early nineties they felt they'd overpaid in late eighties faced with early nineties "correction".
The price rises have brought in a lot of new "experts" who have spent money and saved a lot - many that were in a sorry state - and pet peeve restored already nice things that maybe should've been preserved. However when looked at once the breathless excitement died down some are not greatest cars or restorations and no doubt some folks will be upside down financially.
Hardly anyone knew what an early RS was when I bought it and most thought it an odd choice Vs a brand new beemer of the time but now everyone is an early 911 expert. Quaintly my postman lectured me on what the car is and had a go at describing the finer points of model when he saw it.
When broadsheet newspapers take an editorial interest in the investment of a not uncommon classic car like early 911 then the market is probably already over hyped. I talked a friend out of impulsively buying at what felt like a 911 market high point and he has now realised that was good advice as he had never been a 911 guy and he might be underwater.
I don't care on price, if I did I'd have sold it. I don't view it as an investment. I'm sure there are many others smarter on investments in assets but I just know it's a good choice of classic car that I've enjoyed.
Steve
I have been in the Porsche hobby for a long time and always followed this simple rule: buy the car you like and want. I guess that's why I've had so many speedsters. A major fringe benefit for me has been the ease of upkeep and maintenance. Working on the cars is almost as enjoyable as driving and more rewarding in a way.I have never bought a car for investment and don't plan on it. As Steve said it's about enjoyment.
Lord knows... I couldn't have an old car if I had to pour tons of $$$ into it. Thankfully these cars are relatively easy to keep.Quote:
Originally Posted by steve shea
Scott
912 prices just where Hagerty and latest Excellence would place them. Actually the 69 Targa a little high. We can have no complaints when the sell the half baked ones. Crying about my 911 though.
Then on the other hand the silver 67S rally car did $825,000. Not including fees. double the estimate.
Nice Correction to this Market of OVER-VALUED and OVER-PRICED Collector Cars. Helps keep Insurance Costs Reasonable.
I did not Buy to Invest but Use. When someone asks for $4k for Wooden Streering Wheel or $15k for 4-1/2 x 15 Fuchs, the Market is Way Too Ridiculous.
R
Marvel in SW MT
'88 911 Carrera 3.2L
'72 911S Sunroof Coupe ex-R-Gruppe
'68 912 Outlaw Coupe
So if we “correct” to 2008 prices and you get terminally ill and have to sell your cars for market value you’ll be happy?Quote:
Originally Posted by Marvel
I’ll bet your wife/kids/heirs won’t be so tickled.
Glad i cleared out my barn a few yrs ago , lol
Pretty sure I got 5K+ for my Aluminium wood wheels.:)
I also got my 3.0 930 for super cheap in 2008ish,, I think its time to "See what happens" with the old gal .
When my wife looks in the garage she sees a new kitchen, bath and several nice vacations. I won't burst that bubble just yet.Quote:
Originally Posted by Frank Beck
911MRP wrote: “We must be bought around the same time. Got a whole matching numbers good provenance RS for probably what it would cost just to buy a a handful of choice spare part for the thing now.”
Steve, I bought my first Porsche in UK, 1984 - 1973 911S coupe. Price: 4,300 Pounds. That was the beginning of the “hobby”.
And that’s how many of us regard it - a hobby we are passionate about.
Hobbies aren’t embarked upon as an investment - of time and of the soul perhaps, but not for money. When a hobby moves to “making money” as its objective, then it becomes a “business”. Some owners have chosen that route so buying and selling moves to the fore. For us “Hobbyists”, it’s the joy & pride of ownership, the camaraderie and friendships, sharing and gaining of knowledge and the tinkering that goes with it. That’s the part that’s PRICELESS!!!!:D
When the values go up, you thank goodness you already own and enjoy one. When they go down, you drive it just as much.
It only really matters when you want to sell it - one day that will happen - but for me, it ain’t any time soon!!! ;)
Agree. Just before reading board I had couple of emails from friends about early 911 events attended this weekend and discussing sad anorakish trivia like the exact location of the electric aerial hole in rh fender of rhd car from the long term family owner of 72s rhd car and an equally inane point about a particular body panrl from another pal . Reached out to by two people: different genders, walks of life and age range that have among many many others folks become friends through our little hobby.Quote:
Originally Posted by 911kiwi
My proper £ investments don't do that.
I am 69 years of age & Retired. I really don't care about the Overvalued & Overpriced Market for Collector Cars. My Interest is now the Cost for Replacement Parts when needed.
I didn't Plan My Investment Strategy around a Porsche(s). If I had I would now own a 356 Carrera GT. However, I understand that most Parts for same are NLA and require mfr..
R
Marvel
Even if this is a trend I don’t see parts taking a huge hit.Quote:
Originally Posted by Marvel
Besides NOS and gourmet bits what kind of parts are you taking about?
I assume since you’re not interested in “overvalued collector cars” you’re mainly interested in mechanical parts to keep it running and enjoyable to drive?
Just my opinion but those types of parts seem very reasonable to me.
..be interesting to see if price of parts has a "correction" if whole cars are experiencing such a thing. Doubt it. Like Marvel that is a factor for me in ownership ...more so than being concerned about the price of the car if it were to be sold.
Not massivley exposed to it as I've got many parts accumulated over years but have to say I find the pricing and the approach to pricing of parts by some sellers a bit odd.
Anyone know how high the '65 got to at Gooding?
John
Think it got to $150000.00 and then stopped dead. They didn't waste a lot of time on it.
Thanks! It looked pretty nice, fresh restoration. I spotted a few things that needed attention.
John
I Failed to Mention to include DIY.