FS: 1969 911S Coupe - $145k

[beh911]

I'm just the messenger. No affiliation

VIN - 119300117

http://cooperclassiccars.com/CarPage...ine%202012.asp

[Frank Beck]

Just when you thought you were at the Penthouse the elevator keeps going...
Wow.

Very pretty car but what's with those seatbelt receptacles?

[beh911]

From the ad (for S Reg posterity):

"This 1969 Porsche 911 S Coupe remains in its original and stunning period livery of Tangerine (6809) over a Black Leatherette interior. It also retains its original matching numbers engine, factory equipped foglights and Blaupunkt Frankfurt Radio. All of these items are listed on the Certificate of Authenticity from Porsche. The car was delivered new to San Diego and was always a dry Southern California car that was well cared for. The car comes with a newspaper classified from 1974 that describes the car as a "magnificent showroom car," showing that it was not abused early in its life. After that point, the car was owned by a single enthusiastic owner from 1974-2001. There is excellent documentation going back to 1971 that accompanies the car.

From 2001 to 2003 the car's owner at the time, a serious Porsche enthusiast, commissioned some freshening, which included new paint by a renowned Socal painter, new seat covers, and a full engine rebuild by a Porsche expert. The rebuild included rare NOS "S" Valves and an MFI pump rebuild. Besides the headliner and seats, the interior is original and in great original condition with a very light patina. The dash, door panels and carpets are all original. The car has also been checked and tuned by a premier Porsche shop. Some of the work performed included a new fuel tank, new brakes and new tires.

This is an excellent, well documented '69 911 S with the desirable free-revving 2.0 liter motor making 170 Horsepower. The car comes with extensive receipts, books, and a full factory toolkit. A discerning collector looking for an extremely well documented 911 S in excellent condition should look no further."

[LongRanger]

. . . . some history . . .

http://www.early911sregistry.org/for...ight=119300117

See post #13 . . .

http://www.early911sregistry.org/for...ight=119300117

Rick

[reed]

This sale has all of the hallmarks of a speculative bubble: Buy retail at a well-publicized auction (Gooding) and attempt to flip the car for 50% profit in less than a month. The last time I saw this kind of audacious pricing was in 1989, and we all know how that ended.

[Reza]

Snorkle, makes bubbles inconsequential

[beh911]

Tying it all together (probably should have piggy backed this onto the existing thread, thanks Rick):

Sold a few months ago at Gooding for 92K + BP.

http://www.early911sregistry.org/for...l=1#post552618

[ETexSpeedo]

This sale has all of the hallmarks of a speculative bubble: Buy retail at a well-publicized auction (Gooding) and attempt to flip the car for 50% profit in less than a month. The last time I saw this kind of audacious pricing was in 1989, and we all know how that ended.

Have to stifle myself as this is not an economic forum, but that period was not a bubble. Sales were more difficult as demand was down no doubt because the market had been charged with a new volume of vehicles, but the values stayed where they were, generally. Porsches over the long term, and specifically 356's since the run up on 911's is fairly recent, have held their value ever increasing from the absolute value floor of the early 70's. Baring an economic calamity, there is every reason to believe yesterday's values for desirable Porsches is gone forever. (unless a war over Hormuz) And besides, most of us are going to be buried in a Porsche anyhow if we can get by with it.......

[62S-R-S]

"...Baring an economic calamity, there is every reason to believe yesterday's values for desirable Porsches is gone forever."

Hopefuly, history and condition will not start to take a back seat to the monetary value of the car. That is, if the 1st page of thread reads to you that way.

One week to the next, and the process starts all over again. A question difficult to answer is whether ownership brings someone the feeling of joy - as when the cars were generally bought and sold for relatively small amounts of bread ?

___________

[JackG]

This sale has all of the hallmarks of a speculative bubble: Buy retail at a well-publicized auction (Gooding) and attempt to flip the car for 50% profit in less than a month. The last time I saw this kind of audacious pricing was in 1989, and we all know how that ended.

Keep in mind that in '89 a lot of the pricing run-up on collector cars was financed by bank debt. Many banks called notes and ended up in trouble themselves, thus forcing rather short term liquidation of auto investment positions. Many, many, collector cars were owned by "dealers" who bought cars to speculate with bank money, driving up prices in primarily Ferrari and a few other exotic marques. Totally different now with collector cars owned by equity money. So, I believe it's very unlikely there will be anything like the bank pressure driving down prices like the period following '89. I think the demand for very nice cars will continue to drive prices up unless people have to sell cars to eat.

My .02