IROC Carreras: $26,000 Each 'As Is'

[CurtEgerer]

From the Morning Journal February 15, 1974

IROC a.jpg


IROC b.jpg

IROC c.jpg

[72targa]

Oh, if I only had a time machine...

[fryardds]

If only that really was Donohue's last race.

[VZ935]

I have the original Invoice for my IROC from North Lake Porsche Audi for $26,482.13 . I also have the original Assignment signed by Roger Penske to North Lake and from North Lake to John Tunstall/T&C Racing.

[pht9]

fantastic historical fact !

[VZ935]

130,000 in todays dollar amount wasn't a give away.

raj

Considering my old IROC just sold at Mecum for $875,000.00 + Commission in August it does sound a bit like a give away

[Mr9146]

That is straight devaluation of dollar, investment of the 26K would have given a much higher return 875K not even close(that does not include any maintenance cost of such a car for 40 odd year)>this is a hobby not an investment tool

raj

The economic value of "utility" is often overlooked and should always be considered when evaluating profits and losses as they relate to automotive investments. In other words, Raj, the "utility value" of being able to drive such and such s car is worth X in relation to how much I make or lose on a car or motorcycle. It helps the medicine go down, sometimes.

[CurtEgerer]

My point in posting the newspaper article was not that the cars were sold for a bargain price. $26K was the price of a new home back then. I just thought it was remarkable that they were 'advertising' the sale of the cars in as-raced condition in the local Sunday paper to whoever happen to stop by with a sack full of cash

[uai]

So your ex is probably this one here
P1040310.jpg

[72targa]

My point in posting the newspaper article was not that the cars were sold for a bargain price. $26K was the price of a new home back then. I just thought it was remarkable that they were 'advertising' the sale of the cars in as-raced condition in the local Sunday paper to whoever happen to stop by with a sack full of cash

Well said!