You Know 911 Prices are Insane When...

[Perfectlap]

Yes I understand that air-cooled are a lot more wrenchable. But that's not really what I'm saying. DIY and very expensive parts are not a good mix with the current generations. I call it the iPad generations. They just didn't grow up tinkering in the garage. They expect things to be all done for them, they consume nearly perfect products layed out on a silver platter. Once the current middle-aged crop of Carrera die-hards are no longer the meat of the buyer curve, who will keep bidding up $12K heaps like the one TheStone posted? I wonder how many under 30 year olds would choose an air-cooled 911 or 993/964 over a 991 Turbo or GT3?

And as it now, even finding a reliable and well-respected indy to work on even a water-cooled Porsche that's out of warranty is a matter of handful of shops in any state. Here in NJ where we have a ton of Porsches we're talking 2 or 3 that have been around for at least 10 years. And I don't see many new shops opening up.
Those parts will only be getting more expensive and the specialized labor to work on the cars will stay limited. This is going to reduce the pool of interested buyers to those who can simply buy turn key cars or those with the tools, time and space to DIY (a minority). So basically the best,low-mileage, Carreras will do well as far as market value. Particularly the truly limited production Carreras. But most don't fit that bill. So if they experience a spike during the market ups and downs you definitely want to be a seller. Buy on the dip and flip on the bounce back, just like a house.

[Perfectlap]

Okay, $12K for a rusted heap sans engine is starting to make sense now. Apparently late 60's is where the deep-pockets look.


1967 Porsche 911 Coupe offered for auction | Hemmings Motor News

auction estimate: $175,000 - $225,000 US




1967 Targa $150K asking
1967 Porsche 911 Targa for sale | Hemmings Motor News


Although this is still the king of Porsche ROI .

$3.6 million Porsche

[jb92563]

I hate to say it but in 30 years all the baby boomers that have fond recollections and value these cars will be dead and the kids left with these ancient hulks of environmentally unfriendly, gas guzzling, passenger and driver unfriendly, decomposing plastic and metal heaps will be using them for boat anchors or sending them to the recyclers to gain some carbon credits.

Those that are selling now are getting out while the demand is high, incomes are still good and the supply is somewhat limited. Smart move!

Its best to get what you want now and enjoy it now as those that follow will likely not see the value in them, except for a very few, and these relics will just disappear into oblivion in favor of newer technology vehicles. Forget about the long term investment aspect as that will plummet at some point when the technology is so arcane that the demand diminishes to nothing.

How many of you would chose a Model T over a Boxster these days?
Few will see the value or desire the older technology vehicles at some point regardless of how rare they may be.

How many cars from 40 years ago are still around? They are all scrap metal but for a very few, out of Billions that were sold.

That's why I don't get why you would buy a car that your not willing to enjoy now while you can.

Just Saying...

[BIGJake111]

Originally Posted by jb92563

I hate to say it but in 30 years all the baby boomers that have fond recollections and value these cars will be dead and the kids left with these ancient hulks of environmentally unfriendly, gas guzzling, passenger and driver unfriendly, decomposing plastic and metal heaps will be using them for boat anchors or sending them to the recyclers to gain some carbon credits.

Those that are selling now are getting out while the demand is high, incomes are still good and the supply is somewhat limited. Smart move!

Its best to get what you want now and enjoy it now as those that follow will likely not see the value in them, except for a very few, and these relics will just disappear into oblivion in favor of newer technology vehicles. Forget about the long term investment aspect as that will plummet at some point when the technology is so arcane that the demand diminishes to nothing.

How many of you would chose a Model T over a Boxster these days?
Few will see the value or desire the older technology vehicles at some point regardless of how rare they may be.

How many cars from 40 years ago are still around? They are all scrap metal but for a very few, out of Billions that were sold.

That's why I don't get why you would buy a car that your not willing to enjoy now while you can.

Just Saying...

I wouldn't pay what is currently being asked but your points seem to contradict themselves, even outside of technology and use many people will want the very few left here many years down the road. I can't think of any old car that has virtually dimished to no value despite few being alive that could have owned them when new. Think of pre war cars.


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[Perfectlap]

my Indy guestimates about $20K in metal work alone. Hmm... no bids since the 24th. Guess all the other flippers went somewhere else for a foreclosed and gutted Porsche.

[thstone]

Originally Posted by Perfectlap

Okay, $12K for a rusted heap sans engine is starting to make sense now. Apparently late 60's is where the deep-pockets look.


1967 Porsche 911 Coupe offered for auction | Hemmings Motor News

auction estimate: $175,000 - $225,000 US




1967 Targa $150K asking
1967 Porsche 911 Targa for sale | Hemmings Motor News


Although this is still the king of Porsche ROI .

$3.6 million Porsche

Yes, its weird: late 60's 911's are insanely priced, yet a '73-'74 is $30K? Clearly, I do not understand the 911 market.

[shadrach74]

Originally Posted by thstone

Yes, its weird: late 60's 911's are insanely priced, yet a '73-'74 is $30K? Clearly, I do not understand the 911 market.

I think you'll find that the 1973.5 and earlier cars are priced well over the the 74+ cars when it comes to vintage 911s. The SWB cars of the 60s have gone into insane territory. I don't think it's justified. They've appreciated 500% in the last 12 years. I think Porsche's decision to phase out air cooled engines caused this insanity. For a long time every a new 911 was introduced, it was just a better more refined version of the last. Then we got the 996...

[Perfectlap]

Originally Posted by shadrach74

I think you'll find that the 1973.5 and earlier cars are priced well over the the 74+ cars when it comes to vintage 911s. The SWB cars of the 60s have gone into insane territory. I don't think it's justified. They've appreciated 500% in the last 12 years. I think Porsche's decision to phase out air cooled engines caused this insanity. For a long time every a new 911 was introduced, it was just a better more refined version of the last. Then we got the 996...

True but I think at the end o the day this is supply/demmand phenomena.
If Porsche sold 20-30K 993 and 964, rather than falling to barely ~2,500 in 98 for NA they'd be selling for a dime a dozen like the 996/997. Air-cooled or not. There simply are not that many buyers of secon-hand, out of warranty German cars.

I thought I heard Magnus Walker commenting that one fo the late 60's Carreras had turned out to be one of the most difficult for him to find. I'm guessing the rust issue has made an already limited supply ($$$$) even more ($$$$$$).