Registered
Join Date: Nov 2006
Location: Naples Fla / Avalon NJ
Posts: 5,863
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Not a Deal!
Funny, I was asked this yesterday during the auction. I hear the car is heading back to Europe. The land of strong euros; $16,000 USD equals $12,000 euro.
To me it was a strong price unless it is your business to restore Porsches.
The numbers for me; the motor needed an MFI system and rebuild due to fire, estimate $12,000. I thought in addition it would need a $30,000 restoration (paint, interior, missing trim, etc...) on top of that. This would have me in the car at $58,000.
Given today's market, it appears a very nice 2.2S could be had for $65,000 with a spectacular going for $90,000. This car doesn't have the pedigree (original paint, defined ownership, paperwork, etc...) to be spectacular. So for me it shows a potential for making $10,000.
My conclusion; not a deal.
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63 356 2.1 Rally Coupe
75 911M 2.7 MFI
86 Sports Purpose Carrera "O4"
19 991.2 S
Last edited by Macroni; 12-30-2010 at 09:58 AM..
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