Barn find on Pelican

[robertmark]

Another turd barn find floats to the surface. Another Porsche that was shown no love or respect from its owner, is now richly rewarding him, or his heirs. To this day still drives me crazy. Porsport has it. I emailed them twice with a couple of questions about a car they had, they never responded. Rather Porsports!!

[Matt Monson]

He screwed them but he outbid you?

[robertmark]

Originally Posted by Matt Monson

He screwed them but he outbid you?

What????????

[sugarwood]

http://forums.pelicanparts.com/porsche-cars-sale/1021026-1952-356-coupe-barn-find.html

This will make you feel better.
MSRP for a 1952 was $4k
What did the owner pay in the early 1970s? $10k? I have no clue.

$10k invested int0 the S&P in 1970 would be worth $750,000 today.
Just $4k invested int0 the S&P in 1970 would be worth $300,000 today.

So, he's actually getting a fraction of that.
Holding the car for 40 years was a colossal mistake, from a financial standpoint.

Feel better?

[Matt Monson]

Originally Posted by robertmark

What????????

I just don’t get the point of the thread.

There’s a b coupe in a barn down the road from me I would not pay a cent over $35k for it. If porsport is digging out cars and thinks he can get $90k for it, more power to him. Most of his cars here sit for a month or more through multiple markdowns. He starts high and then sells at 75-80% of his original ask.

[robertmark]

Originally Posted by sugarwood

http://forums.pelicanparts.com/porsche-cars-sale/1021026-1952-356-coupe-barn-find.html

This will make you feel better.
MSRP for a 1952 was $4k
What did the owner pay in the early 1970s? $10k? I have no clue.

$10k invested int0 the S&P in 1970 would be worth $750,000 today.
Just $4k invested int0 the S&P in 1970 would be worth $300,000 today.

So, he's actually getting a fraction of that.
Holding the car for 40 years was a colossal mistake, from a financial standpoint.

Feel better?

Appreciate your efforts, love your point!! However, still a handsome reward considering it was a source of transportation, to and from work, weekend drives, etc. You can’t do that with an S&P investment. Also had he bought an old 4 door Oldsmobile land yacht, in this cars current condition, it would be valued at Zero!!

[robertmark]

Originally Posted by Matt Monson

I just don’t get the point of the thread.

There’s a b coupe in a barn down the road from me I would not pay a cent over $35k for it. If porsport is digging out cars and thinks he can get $90k for it, more power to him. Most of his cars here sit for a month or more through multiple markdowns. He starts high and then sells at 75-80% of his original ask.

Sorry, I didn’t make it easy enough for you to understand my point.

[Matt Monson]

Originally Posted by robertmark

Sorry, I didn’t make it easy enough for you to understand my point.

Sorry, I stop listening when someone starts whinging for no good reason.

[Nukar sales]

I think it just needs a good detail and buff.

[sugarwood]

Originally Posted by Matt Monson

Sorry, I stop listening when someone starts whinging for no good reason.

Yet you felt compelled to post three times in this thread.

[robertmark]

Originally Posted by sugarwood

Yet you felt compelled to post three times in this thread.

Exactly!!!

Only point I was making is that these wonderful cars go neglected for decades and someone in the chain of ownership gets handsomely rewarded. It’s like watching CCC, Wayne says, “What a wonderful car, you’ve taken such care of it”. Really, why then is Wayne dragging all the boxes and snow shovels off of it. Not to mention the 10 boxes of parts that were removed from it.

[1979-930]

This thread is like an inside joke. W.T.F. car are you guys talking about?

[robertmark]

Originally Posted by 1979-930

This thread is like an inside joke. W.T.F. car are you guys talking about?

It’s a 356 barn find just posted on Pelican.

[Unobtanium-inc]

Personally, I never complain when cars are not kept well, I'm just grateful people kept them at all. It makes up for all the times guys come up to me and say, "I had one of those, it was pretty rusty so I scrapped it, still have the emblem!"

---Adam

[Matt Monson]

Originally Posted by sugarwood

Yet you felt compelled to post three times in this thread.

Oh sugarnuts. He asked me a question, so I replied. Then he got snarky so I got snarky back. It's all in good fun. I don't think you are as stupid as you act...

[sugarwood]

Originally Posted by 1979-930

This thread is like an inside joke. W.T.F. car are you guys talking about?

Link is in post #4

[Matt Monson]

Originally Posted by sugarwood

Link is in post #4

Such a helpful fellow.

[speednme1]

Originally Posted by robertmark

Another turd barn find floats to the surface. Another Porsche that was shown no love or respect from its owner, is now richly rewarding him, or his heirs. To this day still drives me crazy. Porsport has it. I emailed them twice with a couple of questions about a car they had, they never responded. Rather Porsports!!

Easier to just call him. He might be old school. I've talked to him before on a different car. Picked up the phone after two rings.

[PD41]

Originally Posted by sugarwood

What did the owner pay in the early 1970s? $10k? I have no clue.

$10,000 would have got you a nice Pre A back then. Saw a decent 52 Cab
for $9000 in the 90's. Nobody wanted Pre A's back then

More like $300 in the 70's

I bought a 52 just like it in the late 80's except more rusty and hit hard in the front.
Paid $350, no motor or trans just wanted some parts off it for a 53 that cost $850.
Chopped up the 52, most went in the dumpster.

Still have the 53. Doesn't do any good to look back at prices.
Keep your S&P I'd rather wish to have purchased Bitcoin at a dollar and sold
for $19,000 at the peak.

[Unobtanium-inc]

Originally Posted by PD41

$10,000 would have got you a nice Pre A back then. Saw a decent 52 Cab
for $9000 in the 90's. Nobody wanted Pre A's back then

More like $300 in the 70's

I bought a 52 just like it in the late 80's except more rusty and hit hard in the front.
Paid $350, no motor or trans just wanted some parts off it for a 53 that cost $850.
Chopped up the 52, most went in the dumpster.

Still have the 53. Doesn't do any good to look back at prices.
Keep your S&P I'd rather wish to have purchased Bitcoin at a dollar and sold
for $19,000 at the peak.

How about $500, 13 years ago, 51 Coupe, 10629.

---Adam