I agree with that ^. Also read/heard about dealers rotating their stocks, wholesaling to one another. I get the classic car phenomenon and resulting appreciation, but I am at a loss as well...
Quote:
Originally Posted by 911Envy
Envious of those that owned in 2011 and sold in 2015-16  |
I sold both my long hood 912s (SWB+LWB) for exactly that reason in 2015-2016. They were fun, but not that $$$level of fun or risk. Cashed in, cut the risks of a potential $15K rebuild for a damn 90 hp 616 engine (are you kidding me?). But don't be jealous: with the proceeds I bought a 991, which is a depreciating asset, so I'm stupid but I feel like I'm getting my $ worth in performance at least...
I've owned practically one of each 356-911 generation models over the past 20 years, we all have our scale of fun/price ratio. Personally from a driver/owner standpoint, I feel a late 356 coupe is acceptable up to $40K uber-max (not current 80). An early 911S at $200+ makes no sense to me, nor does a 75K 911T but even so the 125K gap for a few more HP does not computer either. I don't understand a $50K SC (nor do I see them selling), lovely tractors, unkillable, but it's at most a $30K car factoring appreciation... 993 was fine at $40 for me too, no more... Otherwise a Cayman S/996TT is a better car... etc...
Guess I'm stuck at wholesale levels, but I've bought a bunch of those over the years (as an average enthusiast, not all at once) and if *I'm* getting out of the classic P-car market, given my love of classics and porsches, that probably means I'm not alone and the market has gone nuts - I'm just as nuts as I ever was, and I'm out...
PS: Keeping my 1973 2002 though - cheap, just as fun, priced sensibly.