Keith Martin/Prescott Kelly on Porsche collector prospects

[Frankr]

Hagerty likes those numbers pretty well.
CURRENT & HISTORICAL VALUES Early Turbos

View current vehicle values and see how they’ve changed over time in 3-year, 5-year and to-date intervals. Compare these values to other vehicles and benchmark financial indices.
Current Values

#1 Concours$212,000
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is "concours."
#2 Excellent$171,000
#3 Good$122,000
#4 Fair$68,600

[Frankr]

Perhaps one of the best comments made on this site. I, for one, am tired about the endless drivel concerning values, trends. resale, etc.

Both comments are dumb and I doubt reflect the population.

[Frank Beck]

Again...
Yawn.

Not sure why this is a newsflash.

The talking heads have to come up with something to write about and their comments were benign and very safe.


Let’s hear something outrageous and surprising.
Like 924’s are WAY undervalued right now.

[Bullethead]

Again...
Yawn.

Not sure why this is a newsflash.

The talking heads have to come up with something to write about and their comments were benign and very safe.


Let’s hear something outrageous and surprising.
Like 924’s are WAY undervalued right now.

Lolled when watching a recent episode of WD, Mike bought one out of nostalgia as a 924 was the very first episode feature 14 years ago.

Then, from last year there's this: https://www.hagerty.com/articles-vid...che-to-buy-now

Still don't want one.

[Frankr]

Again...
Yawn.

Not sure why this is a newsflash.

The talking heads have to come up with something to write about and their comments were benign and very safe.


Let’s hear something outrageous and surprising.
Like 924’s are WAY undervalued right now.

Well, all the smart guys here were flabbergasted when my old car (70 S) went for over $100K back around 2010. "Boy was that buyer a fool or what" was the gist. Recently was resold for nearly $180K. So the street cred round here is unimpressive.

[Unobtanium-inc]

The problem always occurs when people compare 356's to most other Porsches in terms of value/collectability/etc, and the problem is numbers. In comparison to every Porsche that came after 356's are in very short supply. Sure, B/C coupes are plentiful, but try and find a Speedster or a Pre-A, I know, I find more 356's than most, and they just aren't out there, even like they were 10 years ago. Here is my prediction, and you can take it to heart, to the bank, or the can, it doesn't really matter to me. My prediction is 356 values for most of them will not drop, but you will see less of them. Already they are "investments", moth-balled in the corner of collections. Moving forward you will see some of the run of the mill cars out and about, but the rare ones are going to disappear, except at shows like you would see at The Quail.
Like I said, just look at quantity, in less than 10 years they made more than twice as many 996's as the whole of the 356 production. And they keep making them, in large quantities. It's apples and oranges.

Don't believe I know what I'm talking about, find someone else who has filled whole trucks in the last 10 years.

If anyone wants a copy of he poster let me know. We're going to do a new one next year, we've filled a bunch more trucks since this poster was done in 2016.

---Adam

[Frank Beck]

Well, all the smart guys here were flabbergasted when my old car (70 S) went for over $100K back around 2010. "Boy was that buyer a fool or what" was the gist. Recently was resold for nearly $180K. So the street cred round here is unimpressive.

You've made my point; ALL that matters is what actually happens. Not what someone thinks is going to happen.

Proof is in the puddin.

[NeunElf]

The problem always occurs when people compare 356's to most other Porsches in terms of value/collectability/etc, and the problem is numbers. In comparison to every Porsche that came after 356's are in very short supply. Sure, B/C coupes are plentiful, but try and find a Speedster or a Pre-A, I know, I find more 356's than most, and they just aren't out there, even like they were 10 years ago. Here is my prediction, and you can take it to heart, to the bank, or the can, it doesn't really matter to me. My prediction is 356 values for most of them will not drop, but you will see less of them. Already they are "investments", moth-balled in the corner of collections. Moving forward you will see some of the run of the mill cars out and about, but the rare ones are going to disappear, except at shows like you would see at The Quail.
Like I said, just look at quantity, in less than 10 years they made more than twice as many 996's as the whole of the 356 production. And they keep making them, in large quantities. It's apples and oranges.

Don't believe I know what I'm talking about, find someone else who has filled whole trucks in the last 10 years.

If anyone wants a copy of he poster let me know. We're going to do a new one next year, we've filled a bunch more trucks since this poster was done in 2016.

---Adam

I've owned a long-hood 911 for 20+ years and a 356A for 14+ years. It's the 356A that gets reactions, and that includes people who were born long after the last 356 left the factory.

[Frankr]

I also have a cute car that gets far more public reactions--1972 Alfa GTV. It also sells for about 20% of a comparable early 911 and has about 10% of the real buyers. I also paid a bit more for it than my other cars--in the mid 1990s.

[Peanut]

Same happens with the BMW 3.0 CS. Tons of reactions from young and old. I still enjoy the early 911 the most.

Scott