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Good question I have thought about also.
930's are well, not very fun stock, but rare stock and a prominent piece of Porsche history, so stock 930's are collectable but not really for drivers and worth good money to own and not drive but brag about the low mileage at shows and such, like Ferrari owners do. So worth big money stock for those guys, the spenders.
Modified 930 are way more fun than stock ones to drive but not as fun to drive as hot rodded NA 911's, this is coming from some one who owns a hot rodded 930.
So if you are after a fun car to drive a 3.6 or 3.8L 911 would be hard to beat, even by a hot rodded 930. Hence the high price for them.
Hot rodding a 930 is just a weird none liner experience, easy to go over the edge and cause huge $$ in damage, power comes on the same way.
NA is much more predictable and frankly tougher with more room for mistakes. Hot rodded NA 911 really beats hot rodded 930's and the prices reflects that. maybe not in peak HP. but almost every where else.
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