The $1,000,000 73 RS

[dicklague]

I just got an e-mail from Gooding & Co. for the Emelia Island auction.

CATALOG:

Vehicles | Gooding & Company



Lot #10 1973 RS Estimate $900,000 to 1,100,000

Chassis: 9113600883
Engine: 6630875
Trans. No. 7830863

listing 1973 Porsche 911 Carrera 2.7 RS Lightweight | Gooding & Company

[porsche930dude]

crazy. think id take that bmw 507 over most others . thats a damn sexy car

[sc_rufctr]

It's official... The world has gone nuts!

[dicklague]

OR the $250,000 1974 Carrera 2.7

1974 Porsche 911 Carrera 2.7 | Gooding & Company

[sc_rufctr]

Originally Posted by dicklague

OR the $250,000 1974 Carrera 2.7

1974 Porsche 911 Carrera 2.7 | Gooding & Company

More "nuttiness" but it's a lot of fun.

[fanaudical]

Huh - Maybe my '75 Targa WILL be worth something in a few years...

[dicklague]

Originally Posted by fanaudical

Huh - Maybe my '75 Targa WILL be worth something in a few years...

Targas don't count!

[sc_rufctr]

Originally Posted by fanaudical

Huh - Maybe my '75 Targa WILL be worth something in a few years...

Why is that in green?

------------------------------------------

About 8 Years ago I saw a 74RS Touring up on a hoist at a local independent workshop.

It had been privately imported from the UK and it was for sale and the owner wanted $150,000!
One thing that did concern me is that the car had been converted to RHD and you could see the scares on the floor pan.

But for not a lot of money that car could have been converted back to LHD. We all have regrets

[Augustus]

Doesn't surprise me.

[dicklague]

In 1999 I looked at a really perfect lightweight RS for $80,000 USD. I had just bought my 1973.........oh wooda, coulda.....shoulda!!!

[Augustus]

In 1987 I paid $33,000 for my Touring RS..In 1975 I paid $3800.00 for a beat to death MBZ Gullwing. I think it's time to sell.

[Wayne 962]

That is ridiculous. I usually don't comment on subjects like these, but I've had a few drinks already tonight.

Firstly, they made 1,500 or so of these cars - a HUGE number in the collector car world. Sure, a bunch of those are no longer around, but still that's a large number of cars out there. Secondly, when you get into that price range you start to compete with other cars that are quite a bit more rare, and quite a bit more accomplished than the production 1973 RS. Don't get me wrong, these are great cars, but I would value the RSR series as perhaps valid for this price range - not the production series. This car in question doesn't even appear to be in the first series with the light-weight sheet metal. Those cars - first-series, light-weight sheet metal RS lightweight (non-touring), are the most desirable. Just on low-production rate alone, the Porsche 959 should be valued at way more than an RS, seeing how they made 7X more RS cars than production 959s (200 production 959s made). If this car makes near the $1M mark, then for sure, I think that this would be the sign of a bubble. I've held off using that B-word for a while now, but a tripling of values of RSs in a few short years is a clear potential indicator of that. That is, if this car sells for anything near that amount. Last I heard they were trading in the $300-500K range off of the high-publicity auction block.

Just one data point, eight months ago at Gooding Monterey, the 1975 911 RSR Sebring Winner fetched $800K or so. This was / is a monumentally historical car intrinsically worth far more than a 2nd-series 911RS.

I guess I shouldn't complain though, as the prices of mere 911RSs go up, it increases the values of just about everything else related (like the 935s).

This is just my opinion - valid for one evening only, until the liquor wears off!

-Wayne

[Raceboy]

In Europe the price of pretty much any 911 with aircooled engine has been going through the roof, be it '69 911T with its 2liter engine or pre-SC impact bumper cars.
Also prices are crazy even for rust-buckets because the "end product" is so valuable.

I remember just 5-6 years ago you could get a very nice 3.2 G50 for 15 000 euros or 911T 2.4 for 7000-8000 euros..

[HawgRyder]

You can ask whatever you want for an object...what the buyer pays is another matter.
So....if you have a wheelbarrow sized diamond...and the only bid you get is for $10 ... then that establishes the price of huge diamonds...LOL.
Bob

[sc_rufctr]

Bob

Ever heard of conspicuous consumption?

That means some idiot with old money will buy that car because... he can. $$$$$$$

Edit...

Arguably the Most Recognizable Classic 911
Desirable German Delivery, Second-Series M471 Lightweight
One of Only 240 Such Examples Produced
Original Grand Prix White with Blue Livery
Highly Original Example
Matching-Numbers Engine and Transmission
A Remarkably Pure and Sorted Carrera 2.7 RS

[sc_rufctr]

How about this one Wayne? 959 Sport... Estimate: $900,000 - $1,200,000

One of 29 "Sports" made.

1988 Porsche 959 Sport | Gooding & Company

[NYNick]

The RS Touring at Mecum last month at Kissimmee was estimated at $500-600K. It got to $500K and didn't sell.
Crazy.

[Dirty911]

There's also a 74 2.7 estimated at 200,000. I realize it's MFI, but that's quite a number for an impact bumper car...

[Jezza]

Reminds me of 2006/2007 when it was determined that rare Muscle cars were going to begin fetching millions of dollars.

[Flojo]

yes, its crazy, but only as someone pays for it.
even if it was 200k+ "only" still not many more would go for it.
so what, life is too short to get bogus on this.

all of you, enjoy the cars you own now!
all of you soon-to-have-one-ers, buy descent SCs or 3,2s, barnfinds, and rebuildable buckets and be happy.

pelicans will strive on, do engine drops, welding, painting, etc. and exactly this base (parts consumer, track-dayer, paint-jober, etc.) will "survive" in confidence of the real value (sweat, elbow grease, and the rewarding first roll out after any sort of rebuild.

THAT is THE passion!
not paying silly $$$.