Considering selling my Targa, what to ask?

[Deschodt]

Originally Posted by Hugh R

One or two inquiries, but 1,425 "looks" on Pelican alone in about two weeks. If I don't sell, no biggie,

Nothing wrong with your car or your price... In my opinion, it's just that the people who love that vintage of aircooled cars tend to have liked them for a while, and might have a hard time adjusting to the current market prices... It'll come ! Same goes for older cars like long-hoods, but there you have more of a speculation/investment grade...

I'm just basing this on a sample of me and a few of my aircooled friends - while I've been lucky to own a few of those things in my day (from 50s to 90s models), I could not justify buying one now at their current prices given what I know of them from ownership...

To me an SC (for example) is a fantastic $15-20K car... It'll never be on my shopping list again at 30K, for that I'm going Cayman or whatever. Just a thought, but that's how my noggin' works.

[speeder]

Originally Posted by Deschodt

Nothing wrong with your car or your price... In my opinion, it's just that the people who love that vintage of aircooled cars tend to have liked them for a while, and might have a hard time adjusting to the current market prices... It'll come ! Same goes for older cars like long-hoods, but there you have more of a speculation/investment grade...

I'm just basing this on a sample of me and a few of my aircooled friends - while I've been lucky to own a few of those things in my day (from 50s to 90s models), I could not justify buying one now at their current prices given what I know of them from ownership...

To me an SC (for example) is a fantastic $15-20K car... It'll never be on my shopping list again at 30K, for that I'm going Cayman or whatever. Just a thought, but that's how my noggin' works.

Boy, did you nail it for me. I completely lost interest in most of them when the market took off, I'd rather have a 997 that I can DD and take to the track, totally replaceable car, etc.

[Seahawk]

Originally Posted by Deschodt

Nothing wrong with your car or your price... In my opinion, it's just that the people who love that vintage of aircooled cars tend to have liked them for a while, and might have a hard time adjusting to the current market prices... It'll come ! Same goes for older cars like long-hoods, but there you have more of a speculation/investment grade...

I'm just basing this on a sample of me and a few of my aircooled friends - while I've been lucky to own a few of those things in my day (from 50s to 90s models), I could not justify buying one now at their current prices given what I know of them from ownership...

To me an SC (for example) is a fantastic $15-20K car... It'll never be on my shopping list again at 30K, for that I'm going Cayman or whatever. Just a thought, but that's how my noggin' works.

I have to echo this yet again. It sums up my thought process exactly: I have owned enough 70's, 80's and 90's 911's to not even consider paying current prices, and I can afford to without issue.

I wish Mike and Hugh all the best in getting their price(s), however: may the market support their desires.

[Shaun @ Tru6]

Originally Posted by Deschodt

Nothing wrong with your car or your price... In my opinion, it's just that the people who love that vintage of aircooled cars tend to have liked them for a while, and might have a hard time adjusting to the current market prices... It'll come ! Same goes for older cars like long-hoods, but there you have more of a speculation/investment grade...

I'm just basing this on a sample of me and a few of my aircooled friends - while I've been lucky to own a few of those things in my day (from 50s to 90s models), I could not justify buying one now at their current prices given what I know of them from ownership...

To me an SC (for example) is a fantastic $15-20K car... It'll never be on my shopping list again at 30K, for that I'm going Cayman or whatever. Just a thought, but that's how my noggin' works.

I agree that many have a hard time adjusting to the current bubble pricing, they are mostly those who have followed the 911 market for years. But there's a whole new crop of buyer which I think is dwindling slightly, or better put, most jumped in early and midway through in the bubble which is now mature. I know a few. There are still buyers for cars like Hugh's at his price but they are getting fewer and as a Targa, looking at G50s at his price.

There's no doubt you can get a lot more car for the same money. But many today are buying a memory of a hoped for dream. And we see threads of people who sold their SCs and Carreras, got a modern car and regretted it.

The longhood market has been settled for a long time. I'm doing a lot of window frames for these cars both as hotrods built to sell and excellent cars of both buyers and sellers wanting the last few feet. Doing a set right now for a customer who just sold his nice 73S for $200K even. And this car that will be sold very soon.

[Hugh R]

Like I said, I'd like to sell but I'm not in a hurry.

When I sold the DB4, I asked $250K and I was told I'm nutz, I even had callers telling me it was $75-$100K over priced, but then again, they were calling ME. Sold it for asking. Looking back, I should have waited to sell it five years later.

[Charles Freeborn]

Mid to high 20's would be my guess. Might even tickle into the 30's. Not the best year of IB cars.

[GWN7]

This the thread where I list my ROW targa for sale?

69 E $65K

A kid left a note on the windshield the other day "Would you be interested in selling your car? Call (phone number) So I did. He thought it might be worth as much as $7,000

I have it insured for $120,000 CDN

[jwasbury]

Originally Posted by GWN7

This the thread where I list my ROW targa for sale?

69 E $65K

^You guys know there is a marketplace forum right. this is the off topic forum, what'sup with this on topic post?

[stomachmonkey]

Originally Posted by Shaun @ Tru6

That sure is purdy.

[onewhippedpuppy]

Originally Posted by GWN7

This the thread where I list my ROW targa for sale?

69 E $65K

A kid left a note on the windshield the other day "Would you be interested in selling your car? Call (phone number) So I did. He thought it might be worth as much as $7,000

I have it insured for $120,000 CDN

I'll give you $10k!!!

[speeder]

The funny thing is, while I wouldn't pay the "new price" for a Carrera or SC, I'd pay quite a lot for an early car if it was a good one and I thought it was a deal, (which is a relative term these days).

I was watching this one last week and talked to the seller, (good guy), I'm kicking myself a little for not bidding because I'd have paid the closing price but not too much because I think it would have been a lot more. IOW, the winning bidder's high bid might have been $75 or $80k and he lucked-out because no one bid against him. The seller told me that he'd gotten an offer considerably higher than the current bid when it was @ $60k to end the auction but he did not think it was fair to other bidders since the car had hit reserve.

Yes, some people still have principles.

Oh yeah, the car:

Porsche 911 S | eBay

[onewhippedpuppy]

Originally Posted by speeder

The funny thing is, while I wouldn't pay the "new price" for a Carrera or SC, I'd pay quite a lot for an early car if it was a good one and I thought it was a deal, (which is a relative term these days).

I was watching this one last week and talked to the seller, (good guy), I'm kicking myself a little for not bidding because I'd have paid the closing price but not too much because I think it would have been a lot more. IOW, the winning bidder's high bid might have been $75 or $80k and he lucked-out because no one bid against him. The seller told me that he'd gotten an offer considerably higher than the current bid when it was @ $60k to end the auction but he did not think it was fair to other bidders since the car had hit reserve.

Yes, some people still have principles.

Oh yeah, the car:

Porsche 911 S | eBay

Ugh, still blows my mind what these cars are selling for.....

[sc_rufctr]

65k... lol

[speeder]

It's worth more, IMO.

Yes, it needs restoration but it's a very dry, low mileage 1971 911S w matching numbers and all original MFI intact, etc. The factory sport seats need to be reupholstered but they are worth $6k alone when done.

It would be an easy resto and probably be worth about $150k when done.

Do you lol over nice ones for $200k and up? That would be coupes but dry, straight early 911S cars are big money.

[Shaun @ Tru6]

Originally Posted by speeder

The funny thing is, while I wouldn't pay the "new price" for a Carrera or SC, I'd pay quite a lot for an early car if it was a good one and I thought it was a deal, (which is a relative term these days).

I was watching this one last week and talked to the seller, (good guy), I'm kicking myself a little for not bidding because I'd have paid the closing price but not too much because I think it would have been a lot more. IOW, the winning bidder's high bid might have been $75 or $80k and he lucked-out because no one bid against him. The seller told me that he'd gotten an offer considerably higher than the current bid when it was @ $60k to end the auction but he did not think it was fair to other bidders since the car had hit reserve.

Yes, some people still have principles.

Oh yeah, the car:

Porsche 911 S | eBay

That was a bargain.

[sc_rufctr]

"Bargain" Really?

After spending $65,200.00 US what would it cost to restore?

How much would you have to spend on the engine, gearbox and MFI alone?

[Shaun @ Tru6]

Originally Posted by sc_rufctr

"Bargain" Really?

After spending $65,200.00 US what would it cost to restore?

How much would you have to spend on the engine, gearbox and MFI alone?

How much would I or how much would a checkbook mechanic?

I think a $100K check would make a rust free car pretty close to excellent.

[sc_rufctr]

I must be getting old. I value my weekends.

When I was 20 something I'd take it on but not now.

[speeder]

Originally Posted by sc_rufctr

I must be getting old. I value my weekends.

When I was 20 something I'd take it on but not now.

I would have had that car in new factory quality paint for around $6k, (only the outer shell needed repainting if you look closely @ the pictures, I wouldn't touch the mint condition original door jams or under hood), I would have taken the glass out and all trim off, though.

Refinish wheels, new tires, service all mechanics, the interior would have been incredibly easy. The sport seats would come out and be put on a shelf, (I hate them and they weigh a ton each), I'd find regular stock seats and recover them in correct black leather. I'd put lightweight RS door panels on it and also put stock ones on the shelf to worry about later. The car has an almost mint original dash, (one very small and repairable crack), only the speaker cover is trashed and someone makes those reproduction now. It also needed new, correct square weave carpet mats, (the floor part), because they are missing. I would only clean the existing carpet on kick panels and rockers, it looks excellent. The rear seat area looks very good for age.

This is a low mileage, bone dry car that has sat in a garage for 30+ years. It starts and runs well, shifts well, etc. I would anticipate some engine-out resealing but that is SOP for any old air-cooled 911 at this point. It needs new targa seals and other new rubber, that is some $$ but I'd personally be hard-pressed to put $15k additional into that car and it would be an excellent example compared to most of what is for sale these days.

As for my weekends, I'm completely self-employed and not limited to working only weekends on a project like this. I could justify spending a few weeks on it and it would pencil-out to a very high paying job for myself when considering the final value of the car.

I'm constantly amazed that on what is ostensibly a Porsche enthusiast BBS, so many members seem to have no gift for being able to look at a car, no clue about values and no ability to restore or repair the cars.

[speeder]

Originally Posted by sc_rufctr

I must be getting old. I value my weekends.

When I was 20 something I'd take it on but not now.

I should amend my remarks to say that there is nothing wrong w being an enthusiast who only buys the best and purchases mint original or correctly restored old Porsches. If you are a busy professional who can afford them and have highly valuable weekend time, I get it.

I'm in the category of DIY types who like to restore things, houses/cars/motorcycles/vacuum cleaners, you name it. It's actually my favorite thing. I'm balls-deep in a 1963 Airstream trailer as we speak. If I was a zillionaire, I'd just have a better shop and be restoring more valuable stuff.