73 2.7 RS (Touring) at Gooding 2017 Monterey

[nine11speedster]

Guys,

I just saw someone reposting the result; apparently this car (a 73 2.7RS Touring) was sold (before buyers commission) at 530k.

This sounds incredibly below what market indicates what a nice RS would fetch. So, perhaps this RS is flawed?

I wonder if anyone of you saw the car up close and can give any comments about the result.

Thanks
Carson

(here is a link to the car)
1973 Porsche 911 Carrera 2.7 RS Touring | Gooding & Company

[Bill Douglas]

"Willhoit Auto Restoration in Long Beach, California, carried out corrective cosmetic work on the car’s deck lid and ducktail during the same period for $14,482.50."

LOL, THAT is an expensive engine lid repair.

[tdw28210]

Originally Posted by nine11speedster

Guys,

I just saw someone reposting the result; apparently this car (a 73 2.7RS Touring) was sold (before buyers commission) at 530k.

This sounds incredibly below what market indicates what a nice RS would fetch. So, perhaps this RS is flawed?

I wonder if anyone of you saw the car up close and can give any comments about the result.

Thanks
Carson

(here is a link to the car)
1973 Porsche 911 Carrera 2.7 RS Touring | Gooding & Company

Hemmings shows another RS Touring for sale around $600k, so not sure this was way underpriced. More like the car was "well bought".

I would guess the "tourings" lack the racing provenance that can drive the prices higher, like many of the RS cars.

[McLovin]

It's "New Market" correct.

Prices have been slowly declining the last few years, but once the price bubble pops they will revert back towards "the mean" appreciation rate.

A huge speculative bubble built up around the '73 RS from around 2004 to 2014. They went from a roughly $100,000 car to around $750,000. That leap, after having "normal" price appreciation for almost 40 years, is the definition of a speculative bubble.

Because of inflation (and the value of the dollar) they aren't ever going to be $60,000 cars like they were in the 90s, or $100,000 like in the 2000s, but they will drop back down in the $200,000s eventually.

They are already generally IMO down from the $700s to the $500s so they are 35-40% of the way there already.

They are a relatively high production car (by numbers, a '73 S Coupe or '73 E Coupe is a more "rare" car than a '73 RS). They are also a car that is easily "duplicated" in looks and performance.