Value of 1987 driver...mid project

Dueller · 12:02 PM

Just curious...been sidelined due to health (stroke) on 1987 carrera project. I'm plodding forward. Engine top end refresh. G50 non lsd. 150k miles. I've owned it for over 20 years. 2 prior owners. Before you start chastising me, I am converting it to a safari toy. Reason is that it was too low for egress and Ingress I due to partial left side paralysis. AC delete. RS interior conversion from camel to black. Erp front modifications to drop spindles. All new bushings in suspension . New Bilstein shocks . Original Paint is weak in guards red but a Windows Out professional respray is scheduled. No rust.. Never wrecked. Still have original door cards and interior parts that would allow someone to restore too original but I don't think it would warrant the investment due to some upholstery work needed. Have both regular tail and Factory whale tail. Also have a separate set of front suspension at stock height.

Seen below on 15 x7 PD used for rolling around shop. Have set of 17 in rota fox and will be using Braid Wheels 16x7 with rally rubber since nothing in 17 rally tires work.

Certainly not a Keen or Luft quality build but nice enough.

I know this is not a lot to go on, but what is a general range of value? Assuming completion to a nice driver quality reliable Safari?

TIA for your thoughts.

Dueller · 06-25-2018, 05:08 PM

Thanks, all, who've wished me well in my ongoing cva recovery via PM...no, my car is not for sale...too attached to the ol' girl. ' want have at least a few more dances with her before I check out. Not to worry...it's in my will that SWMBO post it in here post mortem and offer it to someone who makes the case to enjoy it and (not a flipper) at a discounted enthusiast price.

My inquiry was not intended to set a price or blaspheme a classic, but rather to get an idea of the point of diminishing return on this 'Safari' build. Guess I came to wrong forum.

danco_ · 06-25-2018, 07:10 PM

Are you considering installing an LSD? I would think you want all the traction you can get now that it's direction are back dirt roads and paths less traveled.

Have you seen what Le Keen is doing with "The Keen Project"?

Dueller · 07:37 PM

Yes, danco...considering LSD. Familiar with Leh's work...was glad to see his interpretation as I was considering this in here 2 years before he started his...lol. His builds have really gone up in price since inception. Now he commands $100k plus suitable donor car. When they were 30ish thought about it. But not now at 100k.

What do you think nice non-Keen builds command in the market? I know it's difficult to speculate because of such limited demand....

specialtyoneinc · 06-25-2018, 07:46 PM

This car flatlined at $73k. A nice non Keen build will probably bring $50-60k. Tough one to peg since so few hit the market.

https://bringatrailer.com/listing/1983-porsche-911-sc-rs-coupe-rothmans-safari/

Dueller · 08:17 PM

Specialty, I've seen that one and the orange #2 Luft car that went for $142k...which seems nuts. Although REALLY well built. Seems that all Safaris coming on market are SCs or 915 3.2s...haven't seen a g50 safari yet to my knowledge. In any event can't see my amateur build being at that level.

Dueller · 06-26-2018, 04:35 AM

I haven't paid attention to the are cool Market that much. But it does seem that the prices are falling back to relatively realistic numbers from the frenzy back in 2015. So what are non garage Queen but mechanically sound G50 coops trading hands for?

SalParadise · 06-26-2018, 05:17 AM

Quote:

Originally Posted by Dueller

I haven't paid attention to the are cool Market that much. But it does seem that the prices are falling back to relatively realistic numbers from the frenzy back in 2015. So what are non garage Queen but mechanically sound G50 coops trading hands for?

Strangely enough, for pretty much the same money as sticker price back when they were brand new - $42K-$48K.

Dueller · 06-26-2018, 05:27 AM

Quote:

Originally Posted by SalParadise

Strangely enough, for pretty much the same money as sticker price back when they were brand new - $42K-$48K.

Yeah, but wouldn't that be a pristine low-mileage garage Queen? I'm talking about run-of-the-mill drivers cars

SalParadise · 06-26-2018, 08:27 AM

Quote:

Originally Posted by Dueller

Yeah, but wouldn't that be a pristine low-mileage garage Queen? I'm talking about run-of-the-mill drivers cars

No. Then you are talking $55k + (easily) for low-mileage.

Dueller · 08:48 AM

Quote:

Originally Posted by SalParadise

No. Then you are talking $55k + (easily) for low-mileage.

REALLY? Just seems surreal. Still gonna forge ahead with my project because I'll enjoy it even if I do depreciate it's value by building a Safari. While the paint is original, the patina might be more appropriate than a respray.. I suppose ultimately I might want to reconsider upgrading seats, and cosmetics.

I recognize that it is a easy button for me because I paid $15,000 for it in 1999 for a twelve-year-old 60000 mile car. I've certainly enjoyed it and never really considered it be coming valuable.

matt930s · matt930s's Garage

Jim-

Are you in SC?

MattR

Dueller · 06-26-2018, 09:51 AM

Quote:

Originally Posted by matt930s

Jim-

Are you in SC?

MattR

No...in mississippi. Lots of dirt roads here, race tracks are all at least 200 miles away. Hence the Safari. LOL

specialtyoneinc · 03:43 PM

Quote:

Originally Posted by Dueller

Yeah, but wouldn't that be a pristine low-mileage garage Queen? I'm talking about run-of-the-mill drivers cars

https://bringatrailer.com/listing/1988-porsche-911-carrera-16/

Nice high quality driver with a bunch of recent work done.

pmax · pmax's Garage

It depends on what your complete "nice driver quality reliable Safari" will look like.

Sounds like it's gonna be a fun project.

Dueller · 04:18 PM

Quote:

Originally Posted by specialtyoneinc

https://bringatrailer.com/listing/1988-porsche-911-carrera-16/

Nice high quality driver with a bunch of recent work done.

Yeah, I saw that car and was impressed with it and the price. Obviously a much closer to stock car than mine was lower mileage, Etc. I've been looking at some of the ads and auction and then reading the description I am surprised that things like non-functioning air conditioning don't hit it in value as much as I would think. That being said, my completed project is going to be more mechanically sound then cosmetically stock. But it does make you think that if I worked on cosmetic such as fresh carpets or Pole Positions, etc it might be money well spent to bring it up to a custom standard. Anyway, however it turns out I'll enjoy it regardless of whether value-added or not. Thanks for you guys educating me.

Been around this board for 15 years or so but never paid attention since I wasn't buying or selling.

Dueller · 06-27-2018, 09:59 PM

I mentioned in my initial post the point of diminishing return. The discussion about the value of G50 911 has me thinking. Obviously my main concerns on modification centered around excellent mechanical attention and modification. Assuming I were to step it up a notch on cosmetics such as upgrading to leather custom GT classics seats, fresh carpeting, a quality windows out respray. Say that those cosmetics would run somewhere in the $7,500 range. In the event that I where to sell the car down the road, how much of those cosmetic improvements add to the value of the car? In other words, what do you feel I would recoup out of that investment? What would the value added be?

Gaspassin · Gaspassin's Garage

Not sure you can do all your ‘cosmetics’ listed for only $7500

Gaspassin · Gaspassin's Garage

I think you are heading down the road making the way you like it rather than original which is where the money is right now. IMO any changes other than paint would have little investment potential. If you can afford it make it the way you want it, enjoy it and don’t worry about recouping the “investment”.

Disclaimer: Rawnees Turbo adds immeasurable value

Quote:

Originally Posted by Dueller

I mentioned in my initial post the point of diminishing return. The discussion about the value of G50 911 has me thinking. Obviously my main concerns on modification centered around excellent mechanical attention and modification. Assuming I were to step it up a notch on cosmetics such as upgrading to leather custom GT classics seats, fresh carpeting, a quality windows out respray. Say that those cosmetics would run somewhere in the $7,500 range. In the event that I where to sell the car down the road, how much of those cosmetic improvements add to the value of the car? In other words, what do you feel I would recoup out of that investment? What would the value added be?

SalParadise · 06-28-2018, 05:19 PM

Quote:

Originally Posted by Gaspassin

I think you are heading down the road making the way you like it rather than original which is where the money is right now. IMO any changes other than paint would have little investment potential. If you can afford it make it the way you want it, enjoy it and don’t worry about recouping the “investment”.

Disclaimer: Rawnees Turbo adds immeasurable value

Yea forget the investment. Make the investment in fun. And that's what Porsches were all about until 2012 - until people started making them investments.

I'm a stock guy, and place little, if any value in modifications. I would not do what you are doing. I like stock. But that's me. Whether it will be worth more or not - that's up to time and the millennials.