The green 1967 911S sunroof that had been billed as perhaps the best of the best in Classic Porsche failed to sell for 195,000.00 pounds ($253,276.73) at Bonham's Goodwood Auction about 15 minutes ago. Estimate was for at least 210,000 to 240,000 pounds. Overly enthusiastic or slowing market? Oh well!
I'm just a humble craftsman that works on lights for the early cars. If lights are any indication I would say that things have been slowing down for some time now. First euphoria died now (some time ago), then overall demand. Now we're at a stage where many folks are looking for bargains. I stay busy with my LED production (very popular) but the demand for restoration services has definitely slowed. I'm doing more turn signals than headlights, H1 demand is especially weak.
Of course there's a chance that I've done a fair share of the cars out there already. A lot of cars have been restored in the last 3-4 years.
FWIW...
Cheers,
John
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seeing the same slowing down in my sphere of 911 activities for some time now.Originally Posted by jaudette3
but still enough work left for me...
You had to believe that 750 to 1000K for a 73 RS was a little...euphoric at the time when a premium 73S was less than a third. So too with the 67S, I guess and the late "65's as well.
"Still $253K plus a buyers premium ain't anything to sneeze at"said the individual that is 5 years into a reno.
Now back to my pipe.......
964 3.6 turbo sold for £138K including premium. If it is a good car that sounds pretty cheap
early S registry # 2596
For the UK, there's a lot of nervousness around Brexit dampening local appetites and overseas buyers there are doing the vulture thing at the moment waiting for the ball to drop...also seems to be a big shift of the profiteers/flippers to the new and newer limited edition releases like special 911's and Caymens etc as well as Ferraris like the F12 TdeF etc.
Early S #2826
Garage:
'73 E (2.7RS replica) - sold
'94 968 Clubsport M030 - sold
'67 250SE Cabriolet - sold
'71 Skyline GT - sold
'69 911S - sold
'73 911T/RS
If anyone read my last column in ESSES about the market slowing, this was back in November/December. It started with Brexit and hasn't bounced back since. Something is always selling you just have to adjust your inventory. Over the last few months cars I thought would be bring good money are only getting low ball offers so we adjusted to lower priced cars, they are still selling. I feel bad for the Vette shops who bought up Porch's over the last few year to put lipstick on a pig and send them to Scottsdale, those guys will really be holding the bag. I'll also be glad not to have these same shops call me for parts, not knowing anything about the cars, and bitching about prices. "Why can't there be a Year One Catalog for Porsche, this is BS!" I heard that a lot.
So yes the market has slowed but those of us that have been doing this for awhile just ride the waves when they come. Remember in 2007-2008 when long hood 911 prices were cut in half? Me too, I took a whole yard of cars, stuffed them in our old building, closed the door, and pulled them out a couple of years ago when prices came back up. When we did this we shifted to selling more 356's again. Ride the waves, just ride the waves
---Adam
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Sometimes the "world's best" isn't.
https://m.youtube.com/watch?v=CUPDRnUWeBA
...or maybe it could be as simple as the money not being in the room.
..year 1 catalog....
love it
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