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Slightly off topic, but has anybody checked the "Market Update" on early 911s in the new issue of Excellence? Where do they get these numbers? Reality shows them to be at least 40% above what cars actually sell for. It's so inflated it seems ridiculous.
Are you saying the Excellence numbers are high? In my experience they are 30 - 40% LOW. I would buy perfect 911S cars until there were none left at Bruce's prices. Trouble is, there are none for sale at that price.
Ebay is a joke for rare cars, except in unusual instances. I'd never sell my car there because serious buyers are so hard to come by. Every nice 911 I have seen on Ebay either doesn't meet a fair reserve or gets relisted due to dead beat bidders. I'd prefer not to pay $150 to list a car multiple times.
I guess it could be true that the S bodies are getting more than the Excellence lists, but the numbers put up for any E or T designations are pretty high. For instance, he lists a 1972 911T in "GOOD" condition (this is the lowest grade they give) as $13,000. You and I both see this car bought and sold regularly for well under $10,000 in decent driver condition. How do they arrive at $13k?
As for ebay, I've sold a few cars on ebay, the most recent being a VERY rare '51 356 Coupe, and have had nothing but good results and high selling prices. And of the $15,000 in parts we've sold on ebay this month, there has only been one bidder who flaked.
I think the ebay stigma is left over from a few years ago when everything you said about it was true. From where I sit, ebay is fetching top dollar for these sellers. You would never sell your car there, and you would be missing out. Ebay may be a cold, technological way to sell something as passionate as a Porsche, but it works.
I think the 356 market is still a different beast than the early 911 market. They are getting closer, but not yet there. I am glad you've had good luck, but I keep hearing too many horror stories. Maybe I just listen too much.
Year: 1973
VIN Number: 9113110464
Winning bid: US $5,500.00 (BIN)
Sale date: Apr-09-06
Notes: Another lost to the ages
Year: 1973
VIN Number: 9113110778
Winning bid: US $8,102.00
Sale date: Apr-10-06
Notes: "It does need some work. It has 13 years of garage dings."
First of all, thank you, for compiling these sales results. I find it interesting and confounding. To ease my troubled mind, I could not resist wasting an hour to reach my own conclusions. A quick glance shows why the average sales prices in Excellence, etc are so weighted down -- the low end sales of rollers, rust buckets and siezed engines overwhelms the few pristine examples. It is amusing that many of us that own early 911s want to insist that prices are higher than actual sales figures support -- what we probably mean is that if you have a "REALLY nice" 911T it might be worth $25k, but the vast majority of Ts are not really nice. The psychology of the rare $25k-$40 sale masks the vast majority taking place in the $10-15k range.
These are the sales per year, in thousands, rounded:
1968: $10,850
5.3
5.9
9.1
9.1
9.5
11.8
12
13
22
1969: $7,260
3
3.9
5.6
6.9
7
8.4
9.1
10
11.5
1970: $10,220
2.2
3.8
3.9
4.7
4.7
5.3
7.5
8.2
8.4
9.9
10.2
10.7
11
12.5
13.9
17.3
19.5
30.3
1971: $11,670
2.5
3.5
4.9
5.0
6
6.2
7.1
9.2
10
10.4
10.5
11.1
14.3
15.5
16.1
18.6
24.2
35
1972: $13,130
2.0
2.6
4.5
6.0
6.0
6.1
6.5
7.7
11
11.5
15.0
15.3
15.4
20
20.1
47.3
1973: $14,700
4.0
5.2
5.5
5.8
6.0
6.5
7.1
7.6
8.1
10.0
12.6
12.7
13.5
18.0
18.5
19.9
27.1
27.4
30.0
48.7
Here's a couple to add. My own personal data.
72' T Coupe
Bought for $5500. Socal car. Only rust was the bottoms of the windshields and the rear deck. Tired motor and tranny. None matching numbers. Had fiberglass rear turbo flares that I removed and welded on stock flares.
Rebuilt motor 72' 2.4T MFI and replaced with good used tranny 72' 915.
The unibody was bent on the passenger side from previous collision repaired incorrectly. Sold for the value of the parts.
$6500
73'T Targa
New Mexico car. No chassis rust, none. Rust in headlight bucket and front fender bottoms. I'm the 4th owner.
Has a 87' 3.2 Euro motor rebuilt 10k miles ago. RS flares. Straight, tight chassis never wrecked. Mechanically perfect. No issues. Tired Black paint. Original color was Metallic Gold. (Is currently having a bare metal repaint in Glasurit single stage Irish Green.)
Bought on Ebay for $7300.
Yeah, I stole it. I love this car.
Year: 1972
VIN Number: 9112101948
Winning bid: US $1,555.00
Sale date: Apr-10-06
Notes: Roller