Well, that escalated quickly.

[SilberUrS6]

91 911 Turbo for sale

Earlier this year, there was a very nice blue 965 offered at ~$75k, and I was lamenting not pulling the trigger when I saw one a couple of years ago at ~$40k.

I wonder if the market will support a $97.5k ask on the 965. And the next question is this: are non-S 993TTs going to start trading hands for over $100k? Am I gonna punch myself in the face for not picking up a non-S 993TT for $65k?

[Matt Monson]

With 993 RS variants trading hands in six figures I honesty doubt the turbos will be very far behind.

[pors1968]

Well if 86-87 turbo going up these should go .

[NYNick]

This:
1989 Porsche 911 Turbo Cab Stock #u12506| Manhattan Motorcars near Manhattan Long Island NY

Plus, he then offered my buddy 100k for his 96 993TT with 19,000 miles. Wonder what he'd price that at afterwards?

I'm afraid it's too late to stop this irrational exuberance.

[SilberUrS6]

Originally Posted by NYNick

This:
1989 Porsche 911 Turbo Cab Stock #u12506| Manhattan Motorcars near Manhattan Long Island NY

I think I just pooped my pants.

[speeder]

And it's the model that only has a 2.5 liter engine. (roll eyes).

[speeder]

I could not open the first link but seriously, is there anyone here that thinks that in the pantheon of 911 turbo variants, a '91 is the one you want?? That's a car that was always a hard sell with it's '80s 3.3 liter engine, ugly styling, etc.

It seems like the bubble/ panic on older 911s had also removed all discrimination and taste from the hobby, at least on this forum.

[Matt Monson]

I could not open the first link but seriously, is there anyone here that thinks that in the pantheon of 911 turbo variants, a '91 is the one you want?? That's a car that was always a hard sell with it's '80s 3.3 liter engine, ugly styling, etc.
It seems like the bubble/ panic on older 911s had also removed all discrimination and taste from the hobby, at least on this forum.

It's the first of the G50 boxes and last before they made them "safer" with AWD. The 964 turbos have been the desirable ones for many years, and especially the 3.6 and S variants. Long term I expect them to be worth more than 993 turbos.

Ps. I'm a purist. There is no such thing as a 965. It's a 964 turbo.

[Niche]

What do these prices do to my 1995 993 Ruf Btr value? Essentially, similar to 965 single turbo from Ruf before porsche made a 993tt.

[speeder]

RUF cars have their own separate market. I don't know values off the top of my head but I know that it's so.

Probably not directly connected to the rest of the used Porsche market, but could be wrong.

[WPOZZZ]

Originally Posted by Matt Monson

It's the first of the G50 boxes and last before they made them "safer" with AWD. The 964 turbos have been the desirable ones for many years, and especially the 3.6 and S variants. Long term I expect them to be worth more than 993 turbos.

Ps. I'm a purist. There is no such thing as a 965. It's a 964 turbo.

Damn. I should have kept my 91 with 20k on it.

[CountD]

Originally Posted by speeder

It seems like the bubble/ panic on older 911s had also removed all discrimination and taste from the hobby, at least on this forum.

Right on. This gets my vote for quote of the year.

[COLB]

Originally Posted by CountD

Right on. This gets my vote for quote of the year.

People were doing Strosek and other bizarre conversions long before the recent run up in prices.

[speeder]

Yes, there were euro trash people and drug dealers ruining Porsches before this forum existed.

That's not what I'm talking about. I'm talking about people assigning great value to stock models, like mid-'70s 911s and 912s or 964 3.3 turbos that don't have a lot of intrinsic value if you remove the fact that their prices have risen lately.

[COLB]

Originally Posted by speeder

Yes, there were euro trash people and drug dealers ruining Porsches before this forum existed.

That's not what I'm talking about. I'm talking about people assigning great value to stock models, like mid-'70s 911s and 912s or 964 3.3 turbos that don't have a lot of intrinsic value if you remove the fact that their prices have risen lately.

Like 911Ts?

This "high driver quality" 73 T Coupe is "only" $69,500.



1973 Porsche 911T MFI Coupe

One wonders what offers the seller considers to be "reasonable."

[speeder]

A good MFI 911T was always worth about half of an equivalent 911S, (maybe a third?), so it makes sense in today's goofy market.

[Matt Monson]

I don't completely fathom the remark about intrinsic values. I think what we are in the process of seeing is that anything air cooled has significant intrinsic value as a collectible Porsche.

People keep calling it a bubble. I don't believe it. I think these cars have been undervalued in the market for 10-20 years and their day has finally come. I expect them all to just keep going up. Not stupid fast like the silliness of this winter, and we may see a slight correction here.
But I will go on the record as saying we are going to see $100k '65 912s and $50k '74 911s in the next 3-5 years.

[NYNick]

$100k 65 912's?
God, I hope not.
At times I think people are just buying age, and not value.
I'll just keep buying value.
Age is overrated, and underperforms to boot.

Sent from my SAMSUNG-SGH-I337 using Tapatalk

[COLB]

I don't completely fathom the remark about intrinsic values. I think what we are in the process of seeing is that anything air cooled has significant intrinsic value as a collectible Porsche.

Although it is quibbling about semantics -- all Porsche prices involve extrinsic evaluation.

The intrinsic valuation would be its worth as scrap or parts, or its value as a conveyance (if it runs). They are not made of gold, and it won't get you to the Starbucks faster than a Honda.

As such, values change with perceptions. There is nothing inherent in an early car that makes it worth more than a 964 era turbo. Not doubting it is true -- just noting that it is about taste and preferences. Some preferences are durable (Monet, Rembrandt) others fleeting (Andy Warhol?).

I think Porsche values will be pretty durable, but there is a ceiling on all car values, and relatively plentiful cars like Early Ts are probably getting there.

[Matt Monson]

Nick,
I know its crazy talk but there is currently one (a restored one with an article written about it) in the UK being offered at the equivalent of $75k. For a 912. I'll never be an interested buyer for a car like that but I think that they are out there.