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What you all may find interesting is that the valuation conversation seems to permeate almost all Porsches these days. I'm visiting the 997 turbo forum on RL these days (more active then Pelican on those models) and it seems like a large number of threads discuss value, 997.1 turbos as future collectibles due to being the last of the mezger engined, and manual trans turbos, etc. Probably the safest haven from this mindset is to be among brand new 991 Porsche buyers who plan on extracting value from their cars through driving experiences. Unless it's a "special" model, I can't imagine anyone rolling off the lot in their new 130k 911 thinking that it's going to do anything but depreciate...so they drive them all the time, confident that when it comes time to sell the car will be worth substantially less than they paid for it. |
There's a '86 turbo on BAT worth watching. Has a few mods.
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And then the McQueen 76 930 got $2M at auction...
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A (small) problem with these crazy valuations is that now everytime I drive the car, some shady looking guy is trying to buy the it. Often while we're in traffic. :rolleyes:
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This happened to a lesser extent in the late 80's. 930's that had been low 20's were going for mid to high 40's. Same with 325 F cars. One could pick them up mid to low 20's all day long. And the poof it was over. Only in the last couple years has it gotten weird again. I do know about a month ago we had 12 tornadoes touch down in our county. Three at one time. As my wife and I were crawling under our pier and beam floor for the first time in 20 years I was telling my wife I should have paid for Hagerty insurance for the P-cars. It was that sketchy.
Actually I look at this bubble as amusing. I'm not selling unless some dumb ass hands me 250k which probably will never happen |
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not unlike steve's lusso bringing $1.4MM when the market for a "run of the mill" lusso was $550k.
mike regalia knew what he was doing when he bought steve's 930 for what many thought was stupid money a few years back. the 930 still stands tall in the market place whether it was icon owned or just a great "run of the mill" example. just an observation guys. |
I went to the Hagerty valuation site, it is new and has some significant changes.
The new site has a very disconcerting tool, an ability to transpose gold or the DJIA, etc., over your car value graph! This is truly a sign to me that the wrong crowd or reasons are also buying these cars. End users and what they will pay are the true value of a car and the rest are speculators that will dump them as soon as the 'wind of economics' shift. So yeah, I expect some changes in the classic car market when the investors get out and move to something different. |
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Perhaps thats why the info is so inflated... 930's at $300k is a bubble... At $100k, it probably about where it should be... When these cars were $30k, that was just stupid... |
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Wrong forum??? :-).....I hate seeing these threads....I just want to drive mine and forget about the values.
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The rising popularity, -public awareness and following gain in market value is the definitively most significant thing about the 930 at the moment..........IMHO of course. It would be a strange "Porsche 911 Turbo forum" if this topic was left untouched because some people like to get offended by the concept of monetary value and any debating of that topic. I have noticed a tendency of a "holy few" to gun down these threads whenever they appear. To me, it looks like teenage bullying and displays extremely poor style. |
Don't forget the Asian marked opening soon, that will result in higher prices for iconic classic cars... A lot of potential buyers in China if you ask me.
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If people are interested in "following gain in public market value" there's a forum specifically for that. I'm glad your noticing a tendency of the people here gunning down these threads whenever they appear. They don't belong here. However, we're not the "holy few". The vast majority of folks who participate here on a regular basis are more interested in how we can enhance our cars not how much there appreciating. Like it or not this aint a q-tip crowd. I'll always voice my opinion on the subject because I'd like to see this forum stay focused on mods instead of dollars. |
not exactly sure how pointing out that THERE IS A SPECIFIC FORUM SECTION DEVOTED TO THIS TOPIC Porsche Marketplace Discussion - Pelican Parts Technical BBS is considered "bullying" whatsoever, nor how there are any "holy few"?
confuzored. :confused: things that make ya go hmmmmmm... |
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