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-   Boxster General Discussions (http://986forum.com/forums/boxster-general-discussions/)
-   -   Bubble? What Porsche Bubble? (http://986forum.com/forums/boxster-general-discussions/59634-bubble-what-porsche-bubble.html)

thstone 11-24-2015 04:16 PM

Bubble? What Porsche Bubble?
 
All this can be yours for only $49,500! Don't worry, that will buff out!

The sad truth is that it will probably sell within 10% of the asking price. Insane.

1957 Porsche 356a Sunroof Coupe For Sale


http://i1114.photobucket.com/albums/...pswaiiphml.png

http://i1114.photobucket.com/albums/...ps4ttsn2zt.png


http://i1114.photobucket.com/albums/...psiej1ousk.png

http://i1114.photobucket.com/albums/...psbivokd18.png

http://i1114.photobucket.com/albums/...psbhlzkhuk.png

BFeller 11-24-2015 04:50 PM

How about this one:

1970 Porsche 911S

The Radium King 11-24-2015 05:31 PM

or this little jem ...

Buff It Out: Kafkaesque 1967 Porsche 912 | Bring a Trailer

j.fro 11-24-2015 05:52 PM

Yeah, kinda nuts. There are 7 993 turbos on eBay at/above 200k, including this 97 turbo S at 500k
Porsche 911 Turbo S | eBay
All nice cars, but I can't believe how much they are going for.

bobbeck 11-24-2015 06:22 PM

Even the Boxster is going up in value, especially the low production number GT that's track ready. I know this was seen here before. Totally deserves a second look.

1999 Porsche Boxster GT CUSTOM TRACK BUILD! W/Navi & Bluetooth In Stafford VA - CARS 4 BEST PRICE

Porsche9 11-24-2015 06:51 PM

The bigger fool theory is in full effect.

Crono0001 11-24-2015 07:15 PM

Quote:

Originally Posted by bobbeck (Post 474598)
Even the Boxster is going up in value, especially the low production number GT that's track ready. I know this was seen here before. Totally deserves a second look.

1999 Porsche Boxster GT CUSTOM TRACK BUILD! W/Navi & Bluetooth In Stafford VA - CARS 4 BEST PRICE

I threw up a little.
Slapping a wing and putting "illest" stickers on it doesn't make it a track car. Illest doesn't even make any car parts.

thstone 11-24-2015 09:03 PM

Quote:

Originally Posted by bobbeck (Post 474598)
Even the Boxster is going up in value, especially the low production number GT that's track ready. I know this was seen here before. Totally deserves a second look.

1999 Porsche Boxster GT CUSTOM TRACK BUILD! W/Navi & Bluetooth In Stafford VA - CARS 4 BEST PRICE

Kind of cool looking, but...

http://i1114.photobucket.com/albums/...psiwtv8x5v.png

Timco 11-24-2015 09:09 PM

Meh. That's like one episode of any car restore show.

Brand new. Done. 60 minutes.

litespeedp 11-24-2015 09:36 PM

Currently looking through my sock drawer for some old Porsche logo socks to sell for $5000. LOL

flouese 11-25-2015 02:47 AM

I guess I'll sit on my 1966 912 for a little while longer. Paid $2,500 for it in 1997, did an engine overhaul then took it to Sardinia Italy and used it as my daily driver for 4 years. Brought it back home, drove it for a few years and it has sat since 2007. No time to work on it. Once I get my Box up and running, might shift gears and take a look at the 912 again. Fun car to drive, I miss it...

bobbeck 11-25-2015 02:50 AM

Quote:

Originally Posted by thstone (Post 474608)
Kind of cool looking, but...

I'm thinking of putting some "illist" and prancing horse stickers on my '98 to make it track ready and double the value.

Smallblock454 11-25-2015 03:37 AM

Well, prices are rising. Even for 996 cars with with Mezger engines.

2004 996 Turbo S with 60.000 Km in good condition was sold for 95K (100K USD) euro. And that price was paid last week. So not an offer no one bought. 2 years ago that car was around 60 K euros.

Prize tags for 996 and 997 with Mezger engine have been risen by 50-100% in the last 2 years over here in europe.

Problem will still be the 996 and 986 without Mezger engine. They get lower, maybe they stagnate some time. But maintenance and parts prices are still high and getting higher. So not an investment if you looking on the money side.

Regards, Markus

alm001 11-25-2015 03:57 AM

Quote:

Originally Posted by bobbeck (Post 474598)
Even the Boxster is going up in value, especially the low production number GT that's track ready. I know this was seen here before. Totally deserves a second look.

1999 Porsche Boxster GT CUSTOM TRACK BUILD! W/Navi & Bluetooth In Stafford VA - CARS 4 BEST PRICE

This is a "track car" like I am a "race horse"

BIGJake111 11-25-2015 04:30 AM

Quote:

Originally Posted by thstone (Post 474608)


http://images.tapatalk-cdn.com/15/11...4ef8170310.jpg

kk2002s 11-25-2015 05:15 AM

I think this Air Cooled bubble is going to creep into the early water cooled. Not the Basic stuff like 996, 986 but the 996 Turbo. There are many thoughts that the 996 turbo could be the the best performance car you can get in the mid $50k range. It will be interesting to see how the values of these type cars are influenced by the increasing 993 prices

jdraupp 11-25-2015 05:20 AM

Quote:

Originally Posted by bobbeck (Post 474620)
I'm thinking of putting some "illist" and prancing horse stickers on my '98 to make it track ready and double the value.

Don't forget all the added horsepower

JayG 11-25-2015 05:27 AM

Quote:

Originally Posted by thstone (Post 474608)

Definitely not a track car, especially with M&S tires, even if it does have coilovers and a wing

Love the painted calipers, high quality work

CoBeerToad 11-25-2015 07:08 AM

I had to go back and look at the calipers. Solid work.

http://i896.photobucket.com/albums/a...psoyqxgazu.png

Perfectlap 11-25-2015 08:20 AM

I don't think its a bubble *** IF **** the numbers of that specific model of Porsche are truly limited. And by limited I mean you've got money in hand and you simply can not find the car you want in a day or even a week, without compromising on many things about the car that you otherwise would not have wanted if more examples were available.

Cars you find in a day, and are willing to pay the market rate, these are firmly in bubble territory. Most have not recouped their original sticker prices. Once the economy takes a dive, I'd be scooping these up by the dozen, restoring and flipping for a profit when the next bubble comes around.

lkchris 11-25-2015 09:40 AM

I think Boxsters will eventually gain value simply from the fact that they're currently priced in the Dodge Neon range and therefore attract a crowd that's going to ruin many of them.

Perfectlap 11-25-2015 09:49 AM

Quote:

Originally Posted by lkchris (Post 474651)
I think Boxsters will eventually gain value simply from the fact that they're currently priced in the Dodge Neon range and therefore attract a crowd that's going to ruin many of them.

I think they'll attract people due to the price, but not the crowd you're referring to.
In the decade plus of driving this car I've been approached by all kinds of people asking questions, simply making comments all unanimously positive. One thing I noticed repeatedly is that many people who were currently driving "Dodge Neon range" cars when they approached were all very hesitant or absolutely terrified about the costs of running a Porsche, or any high end German car for that matter. The only people who did not run away when I told them what it costs to maintain, were guys who were in pretty nice cars already but didn't know much about Porsche. These tended to be guys in their late 30's to mid 50's, dressed well, maybe wearing a nice watch and just gave you the impression that they were established in their careers. And even since prices have fallen to below $10 for the first Boxsters, I've not seen ANY young people in these cars. All of the Google searching that comes up with IMS probably has a role in getting young people or people on limited budgets turned off to these cars. But I agree, a very high % of Boxsters will be in the scrap heap simply because defferred maintenance can quickly outrun the cost of buying the car in the first place. It's really a DIY'ers car, and one with space, time, tools and $$$ to install the overpriced parts... a small slice of the public.

lkchris 11-25-2015 10:04 AM

I hope you're right about the owners, but there sure are some awful customs happening. Fender flares? Big wings?

thstone 11-25-2015 04:19 PM

Quote:

Originally Posted by Perfectlap (Post 474653)
... I've not seen ANY young people in these cars.

This is an interesting point. To my sensibilities, I would expect younger people to be drawn to an affordable sports car like the 986 Boxster.

But I think that the threat of high repair prices drives off almost anyone on a budget - they take one look at $120 vs $39 for an oil change and walk away from the Boxster, never to return.

Timco 11-25-2015 04:46 PM

Quote:

Originally Posted by thstone (Post 474684)
This is an interesting point. To my sensibilities, I would expect younger people to be drawn to an affordable sports car like the 986 Boxster.

But I think that the threat of high repair prices drives off almost anyone on a budget - they take one look at $120 vs $39 for an oil change and walk away from the Boxster, never to return.

They all drive Subaru and save trees and animals with their purchase.

jdraupp 11-25-2015 04:49 PM

Quote:

Originally Posted by thstone (Post 474684)
This is an interesting point. To my sensibilities, I would expect younger people to be drawn to an affordable sports car like the 986 Boxster.

But I think that the threat of high repair prices drives off almost anyone on a budget - they take one look at $120 vs $39 for an oil change and walk away from the Boxster, never to return.

I'm younger (people tell me this, I don't feel that way) at 27, had my box for 2 years now. However Porsches have always been my dream car. The boxster was my dream car from a young age followed closely by the 2000 Carrera 4 when it came out.

So despite the high maintenance costs I'm just too infatuated with Porsches to own anything else, especially now that I've owned one. I love the look, the engineering behind them, everything. As such, I could never desecrate one like it was a Honda del sol. Don't get that and never will.

Fintro11 11-25-2015 05:03 PM

a guy local to me found a rusty 356 like that bought it for 3,000. He put it on eBay expecting to maybe get 5 -6 for it the bidding went up to 36,000

BIGJake111 11-25-2015 06:22 PM

Quote:

Originally Posted by thstone (Post 474684)
This is an interesting point. To my sensibilities, I would expect younger people to be drawn to an affordable sports car like the 986 Boxster.



But I think that the threat of high repair prices drives off almost anyone on a budget - they take one look at $120 vs $39 for an oil change and walk away from the Boxster, never to return.


They'd all rather have more horsepower instead of a good handling car.

And the prestige argument doesn't work on a testosterone raged teenager that demands a truck or something manly.

That leaves little interest in the boxster for young people, those that would get a boxster tend to drive mx5s instead as they still are cheaper.

78F350 12-12-2015 07:59 PM

Quote:

Originally Posted by thstone (Post 474577)
All this can be yours for only $49,500! Don't worry, that will buff out!

The sad truth is that it will probably sell within 10% of the asking price. Insane.

1957 Porsche 356a Sunroof Coupe For Sale


http://i1114.photobucket.com/albums/...pswaiiphml.png

http://i1114.photobucket.com/albums/...ps4ttsn2zt.png

I like the look of this Ghia better and it's only $900.
56 karman ghia
Maybe I should pick it up, slap a few vintage Porsche badges on it and sell it on eBay.
http://986forum.com/forums/uploads01...1449982543.jpg
http://986forum.com/forums/uploads01...1449982557.jpg
http://986forum.com/forums/uploads01...1449982569.jpg

tomonomics 12-13-2015 07:58 AM

A 1973 911 RS 2.7 Touring went for just under a million this week in NY, so the high end values are still holding pretty well. Then again, it is bonus season on Wall Street...someone paid $1.6 million for Janis Joplin's repainted 356.

1973 Porsche 911 Carrera RS 2.7 Touring | New York - Driven By Disruption 2015 | RM Sotheby's

http://986forum.com/forums/uploads01...1450025902.jpg

PaulE 12-13-2015 11:39 AM

These seem kind of too good to be true
 
1959 Porsche 356 1600 - $58500

Was the 1600 Craigslist Ad pinched from here?

1957 Porsche 356 Speedster - $45000

Maybe the Speedster is a replica kit? The ad doesn't say so, but it also doesn't say it isn't and this sounds like a kit to me-
"Beautiful, one-owner high quality 1957 Porsche The chrome and trim are all immaculate as well. The canvas top, tonneau and boot cover fit perfectly with all of the snaps and fasteners accurately placed on both car and canvas making"


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