Otis Chandler 1973 RS Touring

[sithot]

This car sold for $181,500 including 10% buyers premium.

It had pretty good references too. Phil Bagley of Klubsport being one.

Tom


http://www.chandlerwheels.com/autos/auto_pages/1973_porsche_rs.htm

[jackb911]

That is one stunning '73 RS.

Love that Signal Yellow!

[klaucke]

Seinfield bought one last year for around 300k, or so I heard. Hopefully the market is coming back down.

[pwd72s]

Gee, I dunno. Better check with "Pal Joey", he and his buddy keep close tabs on these things. (edit)Seriously? I've been thinking that the early 911 speculative price bubble was going to break for some time. I now think it has broken, and we will continue to see prices fall. I say this only as an idle observer, one not interested in being either a buyer or a seller.

[livi]

I can´t believe I didn´t order one back in ´73 !!

I was 7 years old of course, but still..

[naparsei]

Originally posted by klaucke
Seinfield bought one last year for around 300k, or so I heard. Hopefully the market is coming back down.

That was an IROC.

[Halm]

Tom, I suspect you watch the high end / collector car market as much as anyone. Do you see this price as an anomaly or is it the beginning of a return to normalcy for early car pricing?

[fryardds]

This car has a non-original restamped case which did effect the price paid.

[pwd72s]

Originally posted by Halm
Tom, I suspect you watch the high end / collector car market as much as anyone. Do you see this price as an anomaly or is it the beginning of a return to normalcy for early car pricing?

I'm pretty sure that Tom & I both believe a turnaround is happening. He does buy & sell a bit while I'm a buy & hold guy.
We've shared some chuckles about those who are members of the "prices will always go up" church. That flock is diminishing in numbers.

[sithot]

Originally posted by Halm
Tom, I suspect you watch the high end / collector car market as much as anyone. Do you see this price as an anomaly or is it the beginning of a return to normalcy for early car pricing?

Hal:

I cannot say for sure but it would seem that a "cooling off" period is happening. Housing prices are coming down steadily and it's rapidly becoming a buyers market. Several brokers have admitted that price reductions are becoming SOP.
20% corrections are not uncommon. The worst offender was a near 40% drop but that was in a neighborhood that had gotten way over-heated and the owner thought he was living in Beverley Hills. (It sort of reminded me of the early 911 market)

Now, while most of these cars are bought by collectors with deep pockets even they think twice in a shaky market.
Corrections are good and if we have one then do not be surprised. It is normal because NOTHING goes straight up.

The "Otis Chandler RS" was an auction sale. That should mean the truth, the whole truth and nothing but the truth. The he said, she said stories are out the window. Show me the money.

The bottom line is that the car was worth $165,000 to someone.

Re-stamped or not the car was "Show" and that brings a premium. I don't know anyone who has a "Show" RS. ("Show" is a Manhattan type car) If you are driving it, it isn't "Show".
The difference between "Show" and "Excellent" is big money. The similarities are close but in the end the "Show" car is worth more; a lot more.
As for this car I state emphatically that Phil Bagley does not turn out junk from his shop. I've got proof in several cars that I've had the luxury of looking at up close and in person. The work is beyond reproach.

People have a tendency to pay up by letting their emotions get in the way and that's how prices get run up. Everyone thinks their car is worth "X" because someone else has one that got "X".
It is pure fallacy to think this way but believe me; it is perpetrated on the public every day of the week. Look at E-bay and go no further.

FWIW: Just today I was warned about a seller who has multiple (personalities) on E-bay and goes so far as to "ask" questions under the guise of his alter egos to add strength to his auctions as he bids them up himself. How about that?

Never buy anything on emotion unless you want it so badly that you are willing to live with your mistakes, financial or otherwise.

If it's a keeper, then it's a keeper. (Wanna sell the SC???)


Best,

Tom

[Augustus]

From looking at the picture of the RS can anyone tell me what size the rims and tires are? I'm curious. The rears really fill up those wheel wells nicely.......

[klaucke]

Originally posted by naparsei
That was an IROC.

He may have bought an IROC too, but I heard from someone close to the transaction that he bought a really low miles RS Lightweight for around the 300k mark.

[fryardds]

Originally posted by Augustus
From looking at the picture of the RS can anyone tell me what size the rims and tires are? I'm curious. The rears really fill up those wheel wells nicely.......

Agreed, the RS does sit nicely. The 15" wheels are 7" front and 8" rear. The tires maybe 205/60 in the front and 225/50 in the rear. The rear may also have a spacer to bring it out to the edge of flare.



Those are the tires and wheels I have on mine w/ a small (5mm) rear spacer.

[philippeF]

hello Brian
did you install the 5mm spacers on stock wheels bolts ?
Philippe

[88911coupe]

Can someone tell me what color of yellow that is? It's really nice.

[sithot]

Signal Yellow

Tom

[fryardds]

Originally posted by philippeF
hello Brian
did you install the 5mm spacers on stock wheels bolts ?
Philippe

Hi Philippe,

I am not sure but I think the studs are stock length. I will find out though.