Runaway increases in values of early 911's

[etmerritt33]

Years ago I owned a 70 911S and a 73 911S and sold them for next to nothing in the 80's. Last Porsche I owned was an 89 C4.

I am amazed to see how the values of these cars have soared in recent years. Please humor me and explain why the values of these cars have gone up to the extreme in recent years?

I see what I would describe as rags go for $ 30K+. I know all the great attributes of the early 911S and 911E cars, especially those with perfect MFI systems.

I still love these cars but will never again be able to afford one. I had a dream last night that I was driving a 73 911S with a rebuilt engine, just testing it after the new engine went in. Unfortunately, I woke up and realized it was only a dream.

Tom Merritt
Richmond, Virginia

[Milou]

Because the feeling keeps on getting better and better, and the passion never goes away!

From the first to the latest, they are fantastic cars to drive and own, and never fail to put a grin on your face:

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[stretch]

Simple, they dont make them no more. 5 years ago, i had the chance to buy the jay kay dalmation blue RS for £79k. I passed, thought it was too expensive at the time.
Now, £120k + The rapid increase of the RS has pulled up the value of all other models.
Where will it end.? who knows.
You cant drive an antique clock

Dave

[xenifizi]

It is a question of offer and demand. There will never be more cars, on the contrary...
Apart from value but they offer a unique feeling that new cars do not have.

[boxster03]

I think prices are down a fair bit from perhaps 2007 or 2008 but of course the best will always comand top $ but that is very subjective.

[erick72pors]

It's because these are some of the best damn cars ever produced

[etmerritt33]

I get where all of you are coming from but I'm not sure any responses really answer the question. You can buy a nice 964 C2 for $ 25K which is faster, handles and brakes better, is more rust resistant, and has modern conveniences like AC. I do love the early 911S cars but I still don't get why they are priced so high??

Saying that they don't make them any more applies to lots of different older cars. I can understand the 73 911 RS but not the 911S and 911E. Even rag 911T car are bringing amazing amounts. Perhaps there is no explanation? Just wish I had held on to my 70 911S. For what I've spent on cars since then that car could have been absolutely mint. I would guess the weakness of the U.S. dollar is part of it.

I have a childhood friend that bought a nice 73 RS touring in the 80's for $ 32K. He and another friend bought another RS as the market went over $ 100K. Then, the market crashed and they could not sell the other one. Not sure what happened to that car but it sat in his friend's showroom unsold for years. I've never been any good at predicting these trends. If I bought a nice 73 911S tomorrow it is almost guaranteed that the bottom would fall out of the market for them in the next 2-3 years.

Lastly, with these cars having become so valuable being able to drive one of these cars without worrying about something happening to them is probably a thing of the past. I drove a 911 as a daily driver for years.

[John Straub]

Tom, maybe...just maybe, newer and faster is not always better.

John

[69Sman]

Here we go again!

[a911s]

I get where all of you are coming from but I'm not sure any responses really answer the question. You can buy a nice 964 C2 for $ 25K which is faster, handles and brakes better, is more rust resistant...

You just answered your own question...

Pre-76 911s rust like crazy. If you drive one daily here in the PNW you should be doing rust repairs every 5 years. All this costs money, and labor is not getting any cheaper. Unlike 964s, 993s, 996s and 997s you do not just drop off your car and get accident damage fixed in a couple of weeks. These cars are expensive to restore, because more time is involved and early factory trim when you can find it is not cheap. Never mind the joys of driving these nimble, lightweight sporty cars. It costs more money than usual to restore them. That's where a lot of the value for the truly excellent cars is.