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Banned
Join Date: Aug 2011
Location: The Wet Side
Posts: 5,675
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Quote:
Originally Posted by COLB
Now, maybe not much. But had this car been originally red, it wouldn't get two glances. And in ten years?
History of other classic cars says it will matter.
And before you argue "they made too many SCs for them ever to be valuable" etc.,
Ford made 559,451 Mustangs in 1965 alone. That is more than all the 911s built in any generation combined.
The 73,000+ Convertibles they made in 1965 is more than all the SCs that Porsche built. And they made even more fastbacks: 77,079.
A relatively common '65 289 convertible with a 3-speed in very good shape, but not original or concours condition, sells for more than all but the most exceptional SCs.
Those who are convinced that "the bubble" is a passing phenomena, perhaps driven by an exceptionally cold winter (PML) are probably wrong. No doubt there will be ups and downs with the US economy, and short term price corrections, but the market fundamentals for Porsches are pretty sound in terms of supply and demand.
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The benefit of restoring one of these cars right now is that replacement parts are plentiful and cheap. The costs will really be in the labor to get it all done right.
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03-16-2014, 07:33 AM
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