Magnus 911 S/TR sells for 275.000 dollar

[duaneh1]

D.
911's you (pick the model) are increasing in value and demand. I think we should all be happy they are. Magnus has done a beautiful job on building, promoting and selling his car. Good for him! As long as seller and buyer are happy....all is good.

I agree, I think it was a simple case of a ready, willing, and able buyer who saw the value and bought the car not necessarily as an investment but more of a liking for the car. I saw much of the Mecum Auction, the last few days, which featured a previously raced 550 Porsche Spyder go for $3,750,000, albeit with the history of a famous driver. Magnus has created his own following & history.
I saw several 356 Speedsters go for more than $200K. Saw an Albert Blue 911 Targa that would have been in the correct year to be a T,E, or S, but the dang anouncers/auction never mentioned which that sold for $38K plus.

[72Group4]

Man has money
Man spends money on car
Man gets car

Doesn't really matter what the price paid was. Maybe it was well priced and maybe it wasn't. I just wouldn't make the mistake of thinking this is necessarily a rational situation because markets aren't always rationale because people aren't rationale. Very few of us know this not to be true - and the current 911 market could change very quickly.

[a911s]

I think it was a simple case of a ready, willing, and able buyer who saw the value and bought the car not necessarily as an investment but more of a liking for the car.

From my understanding that is exactly what happened. A very knowledgeable and respected collector of means bought it because he liked it.

[dporsche74]

Famous Spyder.. 356 Speedsters yup that nice .
Magnus made a 911 "T" into a quarter million bucks plus some lol ...
I would just line them up and start pumping them out .. Just like Boyd Coddington or Jessie James does
CONGRATULATIONS!!! Well done Sir...

[Louie]

China and Russia are other factors which make me believe that classic car prices will continue to rise relentlessly. China already is the biggest car market in the world, but how many of us have sold an early 911 to China recently? I’d wager that’ll change...

By the way Louie, thank you for your insights and field reports from the auctions. I greatly enjoy reading them.

My pleasure.

[emnemn]

Just walked past Magnus's shop and I heard champange bottles being opened, sounded like machine gun fire!

[rockandrollrods]

I'm waiting for the day when the "Little Bastard" finally turns up. That'll be expensive.

[Stevie]

I'm waiting for the day when the "Little Bastard" finally turns up. That'll be expensive.

That'll be a minefield!

[964RS UK]

China is buying cars.

They just keep them all in Hong Kong.

But you can only register RHD in Hong Kong....so that's where lots of the UK cars have been going.

Totally agree with the quote about the world and people not being rationale and for the people paying massive money for these cars rationality does not come into it. It's petty cash and loose change to most of them...

[emnemn]

I'm waiting for the day when the "Little Bastard" finally turns up. That'll be expensive.

I thought Ferrari Historian Bob Devlin found it in the San Francisco East Bay Area a couple of years ago.