Carrera RS Values...

[Wayne 962]

Just read this today in Sports Car Market Letter - a very interesting magazine, although not too many people know about it:

http://www.sportscarmarket.com

Carrera RS - The value of these cars have been moving skyward in the last six months, with starting prices now at about $85,000 for the RSL Touring versions and well into the six-figure level for nice lgihtweight examples.

There have been several at recent auctions that have sold in the $85K-$95K range. If you read SCM, it's all documented in there. Buyer beware - I believe that people are vastly overpaying for some less-pristine examples these days...

$97K at the super-wild Barrett-Jackson auction this year...

-Wayne

[adomakin]

Wayne have you seen the prices of these cars in the UK? just change the $ to a £. Im not kidding. heres a car I saw at the PCGB meet last year at Brands Hatch. yes the car was clean but £90000???? I love the 73 RS but not that much.

Andy

[Doug&Julie]

Is it possible that all the "fakes" are driving up the cost of real ones?

[adomakin]

good point Doug, there are plenty out there

Andy

[thrown_hammer]

The fakes are better, faster, cheaper, and you can drive them without worrying about destroying history.

[adomakin]

exactly shawn.

[Deschodt]

Well, not to liken this theory to Wayne's housing bubble theory, but even though he may be right on both accounts, they could just as easily continue to go up for a couple of years... Hard to say where you draw the line...

The "replicability" of an RS vs. its current price makes me scratch my head too. I'd pay $50K for a real one maybe, but no more. Oh well...

How'bout a 356 cab instead, those have been going off the chart this year, and unless you like the VW pan tupperware kits, those aren't mistaken for replicas!

PS: Ditto on SCM, my fav' mag, it caters to my masochistic side (Ohh, look at all those deals I missed this month) ;-)

[randywebb]

BTW, I hear there is a sale on tulip bulbs also!

[johncj8989]

So you mean that old car thats been in my Grandfathers barn for 25 years .....with the funny tail and the big lettering down the side is worth real money??




Dont I wish.

[Doug&Julie]

If your grandfather's barn doesn't have concrete floors, neither does that car with the funny tail and big lettering down the side!

[kenikh]

Hate to say it, even after a bubble the prices never drop back to where they were. We are now officialy past the point where a mortal can own a real RS ever again.

[RSupdate]

Originally posted by thrown_hammer
The fakes are better, faster, cheaper, and you can drive them without worrying about destroying history.

Very well said and absolutely true.

[PorscheGuy79]

I perfect case in point.

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&rd=1,1&item=4541182251&sspagename=STRK%3AMESE%3AIT

For $130k I better be able to eat off of it, and at least know the name, address, and location of first born for every hand that has laid hands on the car.

[rjay]

Real RS... $85K+
Real RSR... $200k+
Real 935... $400K+

Clone RS blowing off everyone else in your run group...priceless!

[Bill Verburg]

Same thing is happening to the prices of 964 and 993RS. Its like beach front property, "they ain't makin any mo"

[RONWISER]

It's a puzzle. The 73 RS sold on ebay for 130k without original engine, but I just bought a 74 Euro Carrera for mid-20's, and as far as I can tell it's essentially the same car for $105k less money? There seems to be no logic to this - irrational exuberance?

At some point, the 73 RS's prices will be so out of reach, even my much 'hated' 1974 Carrera must go up in price - I can only hope?

BTW SCM prices are way behind what is happening in the marketplace on RS's. You can't buy a nice one for 85k.

The clones may be better, faster, cheaper but there seems to be an infinite supply of them, as every day somebody is cutting up a 72 or 73 911T to start builiding his clone RS. So their value will always be held down by an ever expanding supply.

I showed my son the picture of the 130k RS on ebay. His only comment, " For 130k I'd rather have a Ferrari" - blasphemy!

[CarreraS2]

Originally posted by RONWISER


At some point, the 73 RS's prices will be so out of reach, even my much 'hated' 1974 Carrera must go up in price - I can only hope?

I don't think that is necessarily true.

The speculators have stepped into the RS and early 911 market (S cars, E cars, and even starting on the Ts).

These speculators have driven the price of these cars the way that speculators do - they are paying *today* the price they predict the car will be worth in 2006 or 2007. Because they think the price in 2008 will be even higher.

But speculator driven prices are usually very specific as to the cars they affect.

Like in the late 80s when Ferraris went through a tremendous speculative bubble. ($150,000 308s, $300,000+ 246s, etc.). It was, amazingly, almost completely limited to Ferraris, to the exclusion of just about every other sports cars. Some rare Jags seem to catch the coattails a bit, but nothing like Ferraris.

So, what's happening with the RS and other shorthoods may or may not significantly affect longhoods. I'd guess it will not.

I remember the Ferrari bubble, it was amazing. One of those Ferrari price tracking guides reported several months straight of 20% monthly increases in prices.

Same kind of logic that drives every speculative bubble - "They aren't making 308s anymore, so the price MUST continue to rise."

Well, it was true that they weren't making 308s anymore in 1991, but they also haven't made any since, and that 1982 308 that sold used in 1991 for $85,000+ is now worth . . . $22,000.

[kycarguy 935]

Originally posted by Doug&Julie
Is it possible that all the "fakes" are driving up the cost of real ones?

I don't believe all the fake slant nose cars in the late 80's drove up the prices of the real 930S slant nose cars either on a similar situation.

[pwd72s]

There is enough RS value reading here
http://d240157.u39.zeonhost.com/forum/showthread.php?t=5876

to burn out your eyes...
Frankly, the '73 RS was once my ultimate dream car, but all the clones out there have reduced it's desirability to me...

[speeder]

The cars are starting to have a price:value ratio similar to Beanie Babies in 1992.

What are all the rich people so afraid of these days? They're behaving like something is going to end soon.