69 Targa S value?

[motion]

How the hell can an old Targa be worth 125K? Are they really that rare? Are all pre '74 cars destined to be worth big $$$? I thought they made a zillion of those things... maybe not?

Really interested to hear what the values are in Europe? Or is this an American thing?

Thinking of picking this one up

1972 Porsche 911 T Targa - Restoration project

[Jim Richards]

It seems every longhood today is suddenly "worth" $50k-150k. I have no idea how this crazy market came to be. I wonder if it'll collapse just as suddenly.

[speeder]

I can remember when you could buy half-decent, complete early targas for $4k. And it wasn't during WW2, it was like 8 years ago.

Sigh...

[techweenie]

Originally Posted by motion

How the hell can an old Targa be worth 125K? Are they really that rare? Are all pre '74 cars destined to be worth big $$$? I thought they made a zillion of those things... maybe not?

Really interested to hear what the values are in Europe? Or is this an American thing?

Thinking of picking this one up

1972 Porsche 911 T Targa - Restoration project

That car is long sold. The scammers who put it on Craigslist are spamming it with thousands of cars already sold. Their strategy is puzzling. I sent a note to Craig Newmark about it.

But yeah, I have a '69S Targa for sale in the mid-70s only because its a 'driver.' Easily $125-150K if restored. And if it had happened to be a soft window, add 20% to that.

[speeder]

Originally Posted by Jim Richards

It seems every longhood today is suddenly "worth" $50k-150k. I have no idea how this crazy market came to be. I wonder if it'll collapse just as suddenly.

The people pumping it up say that it's only going higher. IDK. I have a friend who recently (over)paid about $500k for a concours '73 RS.

Of course I've been thinking about all the cars I didn't buy recently, like the "back of Panorama" quality black/black '71 911S sunroof coupe for $21k in about '04, (southern car, books/records/incredible maintenance and low miles), or the truly showroom condition black/black '73.5 targa with low original miles for ~$16k around the same time. That car was a targa and had CIS but when I say showroom condition, I mean it made PWD's car look like a swamp donkey.

The bummer is not just the pricing today, it's that examples like I list above are non-existent on the market. Truly first-rate enthusiast or concours original cars NEVER come up for sale on the open market and they used to be available at all times. All I see are 2nd or 3rd rate restored cars with questionable histories or "projects", like the one we're all drooling over this week on this BBS. Cars like that used to be on eBay every day of the week for $5k.

Oh well, that's life...

[Shaun @ Tru6]

All pre-74 cars are going up in value. Northern Europe is paying higher prices than the U.S.

I have no idea what mine will be worth someday. Right now it's a basketcase. But it's also a single-spec or one-off car.

[126coupe]

Originally Posted by motion

How the hell can an old Targa be worth 125K? Are they really that rare? Are all pre '74 cars destined to be worth big $$$? I thought they made a zillion of those things... maybe not?

Really interested to hear what the values are in Europe? Or is this an American thing?

Thinking of picking this one up

1972 Porsche 911 T Targa - Restoration project

Only 1200 S's were built in 1969, less than half Targas, of those 600, maybe 200-250 survived, there are more 300SL's Gullwings still around.

[BK911]

Look at eBay completed listings for '65 - '73 cars. Most are in red "reserve not met". Sorta tells me owners are expecting too much.

[techweenie]

Yes, I had a '73 S Targa that topped out at $80,100 and did not meet reserve. Sold 10 days later for $95,000

Watch for the ones that 'come back.' They're the ones not selling.

Some people just use eBay as a big ad platform.

[sammyg2]

In 2010 I posted this:

my best friend's sister and brother-in-law have an old Porsche in their garage that hasn't moved in a really long time. My friend told me about it years ago but he said he thought it was a 912 so I didn't pay any attention to it.

Well, I just found out it's a 67 911S targa. All original except some fool painted it eggplant (aubergine). Original color was green.
Reportedly it will start and run but the tires are flat. I asked about rust and she said there are a few rust bubbles on the paint but that's all she knows about. She said there wasn't any rust on the floors. I'd have to check that for myself.

Evidently the guy bought it a long, long time ago and never got around to fixing a few minor things so it just sat under the cover.
It's in Riverside ..............

At that time I (or anyone else) probably could have bought it for under $25k.

Then about a month ago I started the thread below about it, they put it on e-bay and it sold for $71.3k and it was not in operating condition. Granted the 67 has a soft rear window and is vere rare, that might have added to the price.

missed out huge on a barn find

[onewhippedpuppy]

Originally Posted by speeder

I can remember when you could buy half-decent, complete early targas for $4k. And it wasn't during WW2, it was like 8 years ago.

Sigh...

Amen to that. I paid $4500 for my '70 911T back in 2003, and it was a good driver with a new clutch and freshly rebuilt 901 gearbox. I sold it for $7500 a year later and was pretty happy. That car was nothing special but I doubt you could buy a similar one for less than $20k today.

[RWebb]

since it seems like they are popping up all over this week, the prices will surely decline

[VZ935]

I found this thread during a search and it caught my eye because I have a 69S targa I am going to sell.
Funny, seems like the conversation about early Porsche's and values has not changed much in two years Unfortunately for those who want to buy one the values have!

[74-911]

Not to hijack the longhood thread but asking $38K for a plain 74 911 Targa? Looks like a nice well taken care of car but ???

1974 Porsche 911 Targa 2,7

[LakeCleElum]

People locally thought I paid too much for a one owner '69 Coupe at $2,000 about 8 yrs ago.....it runs well, BUT needs paint, interior, right side rocker and repair a rust hole under the passenger seat.......When in Belgium last summer, a small shop offered me $15,000 sight unseen........