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-   -   Price Drops Here there and Everywhere...It Has Begun in Earnest (http://forums.pelicanparts.com/showthread.php?t=1044746)

Unobtanium-inc 12-11-2019 08:28 PM

Quote:

Originally Posted by Rawknees'Turbo (Post 10685921)
That "never makes mistakes" line makes me think of the times when a topic/mod/improvement is being discussed in 911 Tech and someone pipes up with, "You think you know better than the Porsche designers", and I always respond along lines of "apparently so, have you seen the good thinking that went into things like head studs materials, wiring worst practices, turbocharger oil plumbing, turbocharger selection (ridiculous turbo lag for no good reason), valve guide material choice, exhaust system fasteners, etc., etc., etc.". For some though, the almighty, Porsche knows best, lore is the be all end all, despite data that says otherwise.

I also heard about this IMS thingie with the newer Porsches, maybe it's just a glitch...

---Adam

Macroni 12-11-2019 11:46 PM

Whew that was a storm of opinion..... good to see everyone brought game to the conversation.....

911heaven 12-12-2019 03:22 AM

Quote:

Originally Posted by Rawknees'Turbo (Post 10685921)
That "never makes mistakes" line makes me think of the times when a topic/mod/improvement is being discussed in 911 Tech and someone pipes up with, "You think you know better than the Porsche designers", and I always respond along lines of "apparently so, have you seen the good thinking that went into things like head studs materials, wiring worst practices, turbocharger oil plumbing, turbocharger selection (ridiculous turbo lag for no good reason), valve guide material choice, exhaust system fasteners, etc., etc., etc.". For some though, the almighty, Porsche knows best, lore is the be all end all, despite data that says otherwise.

20 years ago now I bought 964 Cab accident car for 4k. It had been hit hard enough on a rear quarter to bust one of the tranny 4 bolt casting off and broke the adjoining engine case as well. We stripped the case down, and my Japanese friend (engineer, machinist/mechanic) proceeded to weld the engine case back together where it had broken off (from top to bottom nearly). He kept complaining that it was hard due to the fact that the alum rods he was using were so much cleaner than the filthy aluminum Porsche used in their engine cases. He did a proper job, but he did comment that Japanese engine cases are made of much higher quality material. Makes you think too about other components Porsche makes that are or were lesser than. This close friend and foreign car mechanic/car restorer said all German cars break down often for these reasons i.e. quality of components and clearances. Moreover, as he said. that's why Japanese cars don't break down conversely, especially Toyota. For what it's worth.

Unobtanium-inc 12-12-2019 03:35 AM

Quote:

Originally Posted by 911heaven (Post 10686016)
20 years ago now I bought 964 Cab accident car for 4k. It had been hit hard enough on a rear quarter to bust one of the tranny 4 bolt casting off and broke the adjoining engine case as well. We stripped the case down, and my Japanese friend (engineer, machinist/mechanic) proceeded to weld the engine case back together where it had broken off (from top to bottom nearly). He kept complaining that it was hard due to the fact that the alum rods he was using were so much cleaner than the filthy aluminum Porsche used in their engine cases. He did a proper job, but he did comment that Japanese engine cases are made of much higher quality material. Makes you think too about other components Porsche makes that are or were lesser than. This close friend and foreign car mechanic/car restorer said all German cars break down often for these reasons i.e. quality of components and clearances. Moreover, as he said. that's why Japanese cars don't break down conversely, especially Toyota. For what it's worth.

Quality of parts and components has always meant something different to the Japanese in comparison to the rest of the world. I remember reading a case study in college where an American tractor company contracted a Japanese firm to make starter motors for their tractors. They insisted that they would tolerate no more than a 5% defect rate! This got lost in translation. When their order was ready there were about 10 pallets of starters and then the Japanese said there was an 11th pallet with the bad starters. They were really confused why the Americans wanted 5% bad starters, they painted red X's on these. To them they would only deliver 100% good starters and would test every one before they shipped them. It was a different mentality in terms of what quality means.

---Adam

Alan A 12-12-2019 03:56 AM

Quote:

Originally Posted by Unobtanium-inc (Post 10685926)
I also heard about this IMS thingie with the newer Porsches, maybe it's just a glitch...

---Adam

You can tell what market you serve from this statement alone - newer in this case is 20 years ago.

:D

Unobtanium-inc 12-12-2019 03:58 AM

Quote:

Originally Posted by Alan A (Post 10686032)
You can tell what market you serve from this statement alone - newer in this case is 20 years ago.

:D

People ask me how new we do Porsches, I say if it was built after me, we aren't very interested. I was born in 74.

---Adam

911heaven 12-12-2019 04:56 AM

Quote:

Originally Posted by Unobtanium-inc (Post 10686020)
Quality of parts and components has always meant something different to the Japanese in comparison to the rest of the world. I remember reading a case study in college where an American tractor company contracted a Japanese firm to make starter motors for their tractors. They insisted that they would tolerate no more than a 5% defect rate! This got lost in translation. When their order was ready there were about 10 pallets of starters and then the Japanese said there was an 11th pallet with the bad starters. They were really confused why the Americans wanted 5% bad starters, they painted red X's on these. To them they would only deliver 100% good starters and would test every one before they shipped them. It was a different mentality in terms of what quality means.

---Adam

Yes Adam, I guess the Japanese were known for excellent quality control back in the 70s and 80s. Their electronics were second to none. Think of the names that have now gone by the wayside due to off shore production or market change -- Hitachi, Sony, Panasonic, Toshiba etc. I landed here in the late 80s and even made a living off of these components out of the garbage during and after the bubble economy. No used market then for great stuff then Japanese were loading out on the street for the garbage man to pick up the next day. All still working and fairly late model! TVs, VCR, Stereos name it. They had no space to keep last years model if they bought the new one. I got to see those components first hand. Loaded a van load every night for years all over the city, that is until the earthquake which destroyed my game! That's when I got into cars instead of electronics.

bernie

Cobalt 12-12-2019 05:20 AM

Quote:

Originally Posted by sugarwood (Post 10685275)
You again miss the basic idea of how the market works. 51k is 51k. Your method of valuation is but one method. Just because YOU would not pay $48k for a low milage unicorn, that's doesn't mean others will not.

If I think a Gucci belt is only worth $10, but others pay $100, I am wrong on the value. THE MARKET IS NEVER WRONG. if I insisted the belt was only worth $10, I'm an idiot who doesn't understand how the fashion belt market works. The belt is worth $100 and I don't understand how belts are priced. This does not mean I don't understand belts, however.

The complex pricing reality exists regardless of your opinion (or ignorance) of it. if you have a one-dimensional view of pricing markets that's on you....The market has spoken. Mileage trumps everything in this particular car market. $48k is the actual market value and market doesn't matter what your solitary opinion is. Is your job to understand reality and operate within it. That means trying to understand why the market values that car at 48k, regardless of your personal feelings.


Keep smoking that crack. And what the $uck does a Gucci belt have to do with the car market? I was heavily involved with the grey market back in the 80's. Helped import over 70 Porsche's. I said when the current rise in the market started it had all the earmarkings of the 80's market all over. People laughed at me but time has proven me right. We are seeing the same thing happening I observed back then.

I find it hilarious that you think you have a clue to what the market is and how it works. Although my primary focus is on the 964 which is probably the most misunderstood of them all. it isn't much different for the SC's and all air-cooled cars.

I looked at countless Porsche's for people do PPI's all the time. I can't say for sure but this year alone I looked at hundreds of these cars for people. Your comment just proves you have no clue. There were a lot of ignorant people willing to throw their money at crap cars but those days are coming to an end. The buyers are far more educated now and are learning to pass on the junk and wait and pay up for the good ones.

I can line up a dozen 911's all with the same low miles and point out why one is worth $89k another not worth buying and the remaining fall someplace in between. The days of the uneducated buyer who will throw their money on anything air-cooled is over. Maybe you are that clueless that you believe mileage dictates unconditionally. The truth is condition is now as important as mileage but your ignorance seems to tell you otherwise.

Once again if you want an education I am not far away I would be happy to edjimicate you when you have the time to open your mind to reality.


As far as the cast cases of the 964 they are not all that bad. No doubt they could have been better but the problem with welding was he was using a pure aluminum rod on an alloyed case. I spent 30 years of my life supplying aluminum and magnesium castings to the Dod and aerospace industries I can assure you the quality is not a concern. I work on vintage Japanese cars as well and the quality of most of their castings IMO are crap compared to the Porsche parts.

NYNick 12-12-2019 05:50 AM

Quote:

Originally Posted by Cobalt (Post 10686097)
Keep smoking that crack. And what the $uck does a Gucci belt have to do with the car market? I was heavily involved with the grey market back in the 80's. Helped import over 70 Porsche's. I said when the current rise in the market started it had all the earmarkings of the 80's market all over. People laughed at me but time has proven me right. We are seeing the same thing happening I observed back then.

I find it hilarious that you think you have a clue to what the market is and how it works. Although my primary focus is on the 964 which is probably the most misunderstood of them all. it isn't much different for the SC's and all air-cooled cars.

I looked at countless Porsche's for people do PPI's all the time. I can't say for sure but this year alone I looked at hundreds of these cars for people. Your comment just proves you have no clue. There were a lot of ignorant people willing to throw their money at crap cars but those days are coming to an end. The buyers are far more educated now and are learning to pass on the junk and wait and pay up for the good ones.

I can line up a dozen 911's all with the same low miles and point out why one is worth $89k another not worth buying and the remaining fall someplace in between. The days of the uneducated buyer who will throw their money on anything air-cooled is over. Maybe you are that clueless that you believe mileage dictates unconditionally. The truth is condition is now as important as mileage but your ignorance seems to tell you otherwise.

Once again if you want an education I am not far away I would be happy to edjimicate you when you have the time to open your mind to reality.


As far as the cast cases of the 964 they are not all that bad. No doubt they could have been better but the problem with welding was he was using a pure aluminum rod on an alloyed case. I spent 30 years of my life supplying aluminum and magnesium castings to the Dod and aerospace industries I can assure you the quality is not a concern. I work on vintage Japanese cars as well and the quality of most of their castings IMO are crap compared to the Porsche parts.

Anthony,
Let's have a cup of coffee someday. I'm not that far away in Westchester. If you're ever up this way give me a ring, and vice versa.
Nick

Cobalt 12-12-2019 05:59 AM

Quote:

Originally Posted by sugarwood (Post 10685275)
You again miss the basic idea of how the market works. 51k is 51k. Your method of valuation is but one method. Just because YOU would not pay $48k for a low milage unicorn, that's doesn't mean others will not.

If I think a Gucci belt is only worth $10, but others pay $100, I am wrong on the value. THE MARKET IS NEVER WRONG. if I insisted the belt was only worth $10, I'm an idiot who doesn't understand how the fashion belt market works. The belt is worth $100 and I don't understand how belts are priced. This does not mean I don't understand belts, however.

The complex pricing reality exists regardless of your opinion (or ignorance) of it. if you have a one-dimensional view of pricing markets that's on you....The market has spoken. Mileage trumps everything in this particular car market. $48k is the actual market value and market doesn't matter what your solitary opinion is. Is your job to understand reality and operate within it. That means trying to understand why the market values that car at 48k, regardless of your personal feelings.

Quote:

Originally Posted by NYNick (Post 10686130)
Anthony,
Let's have a cup of coffee someday. I'm not that far away in Westchester. If you're ever up this way give me a ring, and vice versa.
Nick

Nick,

Most definitely I always enjoy meeting others. I don't get up that way often but we should exchange info and find a time.

It is interesting that there is a 964 being discussed on Rennlist with high miles but completely and properly restored. Asking just <$100k. A lot of interesting changes in the markets.

voitureltd 12-12-2019 06:50 AM

Quote: I can line up a dozen 911's all with the same low miles and point out why one is worth $89k another not worth buying and the remaining fall someplace in between. The days of the uneducated buyer who will throw their money on anything air-cooled is over. Maybe you are that clueless that you believe mileage dictates unconditionally. The truth is condition is now as important as mileage but your ignorance seems to tell you otherwise.

Agree totally. Good to hear Porsche air cooled buyers ( and others ) are getting good info if they are smart. My take, as a now retired appraiser, dealer, concours judge of Exotic cars for many decades. Also VoitureLTD had a world class restoration shop specializing in 300 SL, 507 etc. Buyers of poorly kept ones they had acquired without our inspection soon realized how much in total dollars it costs extra to prepare for concours or just to have a respectable one when completed when buying a neglected, and / or heavily damaged, poorly serviced, or one driven previously in salt conditions. Low miles and " totally original" or rare color / Paint to sample claims are just a couple of many value considerations.

NYNick 12-12-2019 07:39 AM

Anyone see the Thread in Tech where Sugar offered to do a local drive by PPI for an out of state buyer? I'm almost choked on my coffee.

Matt Monson 12-12-2019 07:44 AM

Quote:

Originally Posted by Cobalt (Post 10686097)
Keep smoking that crack. And what the $uck does a Gucci belt have to do with the car market? I was heavily involved with the grey market back in the 80's. Helped import over 70 Porsche's. I said when the current rise in the market started it had all the earmarkings of the 80's market all over. People laughed at me but time has proven me right. We are seeing the same thing happening I observed back then.

I find it hilarious that you think you have a clue to what the market is and how it works. Although my primary focus is on the 964 which is probably the most misunderstood of them all. it isn't much different for the SC's and all air-cooled cars.

I looked at countless Porsche's for people do PPI's all the time. I can't say for sure but this year alone I looked at hundreds of these cars for people. Your comment just proves you have no clue. There were a lot of ignorant people willing to throw their money at crap cars but those days are coming to an end. The buyers are far more educated now and are learning to pass on the junk and wait and pay up for the good ones.

I can line up a dozen 911's all with the same low miles and point out why one is worth $89k another not worth buying and the remaining fall someplace in between. The days of the uneducated buyer who will throw their money on anything air-cooled is over. Maybe you are that clueless that you believe mileage dictates unconditionally. The truth is condition is now as important as mileage but your ignorance seems to tell you otherwise.

Once again if you want an education I am not far away I would be happy to edjimicate you when you have the time to open your mind to reality.


As far as the cast cases of the 964 they are not all that bad. No doubt they could have been better but the problem with welding was he was using a pure aluminum rod on an alloyed case. I spent 30 years of my life supplying aluminum and magnesium castings to the Dod and aerospace industries I can assure you the quality is not a concern. I work on vintage Japanese cars as well and the quality of most of their castings IMO are crap compared to the Porsche parts.



http://forums.pelicanparts.com/uploa...1576169045.jpg

manbridge 74 12-12-2019 07:52 AM

Love that Don Quixote guy!!

Rawknees'Turbo 12-12-2019 10:44 AM

Quote:

Originally Posted by Macroni (Post 10685973)
Whew that was a storm of opinion..... good to see everyone brought game to the conversation.....

I luvz me some noodles! :D

pmax 12-12-2019 10:52 AM

Quote:

Originally Posted by Macroni (Post 10685973)
Whew that was a storm of opinion..... good to see everyone brought game to the conversation.....

How bout dem Gucci belts ?

If Sugga in fact wears them, that would explain everything !

Macroni 12-12-2019 11:14 AM

Quote:

Originally Posted by pmax (Post 10686453)
How bout dem Gucci belts ?

If Sugga in fact wears them, that would explain everything !

Even Sugga deserves a little love.... he brought it....

Macroni 12-12-2019 11:35 AM

Quote:

Originally Posted by Rawknees'Turbo (Post 10686446)
I luvz me some noodles! :D


Forum fist bump...

Rawknees'Turbo 12-12-2019 12:25 PM

Quote:

Originally Posted by Macroni (Post 10686508)
Forum fist bump...

Speaking of which, I've heard some disturbing stories about ol' Bernz and fists! :eek:

Cobalt 12-12-2019 01:04 PM

Quote:

Originally Posted by Matt Monson (Post 10686254)

I needs my entertainment. Suga is at least good for some morning venting.

sugarwood 12-13-2019 02:26 PM

Quote:

Originally Posted by pmax (Post 10686453)
How bout dem Gucci belts ?
If Sugga in fact wears them, that would explain everything !

LOL, no, I would not be caught dead wearing such parvenu apparel.
I'll leave that to Kendall Jenner.
But, nor am I insane and insisting that Gucci belts should be $5.
If people want to pay $300, so be it. That is how markets work.
The belt is not worth what I insist it should be worth.
The belt is worth what people are paying for the belt.
Sweet reality.

manbridge 74 12-13-2019 04:12 PM

Ok, Zoomer!

pmax 12-13-2019 05:36 PM

Quote:

Originally Posted by sugarwood (Post 10687774)
LOL, no, I would not be caught dead wearing such parvenu apparel.
I'll leave that to Kendall Jenner.
But, nor am I insane and insisting that Gucci belts should be $5.
If people want to pay $300, so be it. That is how markets work.
The belt is not worth what I insist it should be worth.
The belt is worth what people are paying for the belt.
Sweet reality.

#4 in Q1, thanks for opening our eyes to a different world !

http://forums.pelicanparts.com/uploa...1576290936.jpg

What's a thrown away fashion item of the year worth ?

911heaven 12-14-2019 02:45 AM

Quote:

Originally Posted by Rawknees'Turbo (Post 10686571)
Speaking of which, I've heard some disturbing stories about ol' Bernz and fists! :eek:

Just little ones though, and I managed to dodge them. I float like a butterfly, sting like a bee!

sugarwood 12-14-2019 04:09 PM

Quote:

Originally Posted by pmax (Post 10687959)
What's a thrown away fashion item of the year worth ?

Those cute little handbags often pay for themselves 5,000 times over.
Depends on how good her divorce lawyer is.

Le Chiquito was about a $500 bag. Pretty inexpensive.

Here is a used one for $350.
Looks like it depreciates like a German car!

You can get a fake one for $45

matt930s 12-14-2019 07:27 PM

http://forums.pelicanparts.com/uploa...1576384019.jpg

juanbenae 12-15-2019 07:51 AM

im with matt ^^^^^^

Matt Monson 12-15-2019 03:16 PM

Sit on it, Potsie.

pmax 01-02-2020 10:43 AM

Looks like thread's truly dead.

Have the prices stopped yet ?

speednme1 01-02-2020 04:52 PM

Falling like a pair of nuts on an old man:-) https://bringatrailer.com/listing/1986-porsche-911-turbo-48/
https://bringatrailer.com/listing/1984-porsche-930-turbo-4/

ljpviper 01-02-2020 07:00 PM

Yep, quality 930s bringing hig money. No drop there

Rawknees'Turbo 01-02-2020 07:10 PM

Quote:

Originally Posted by speednme1 (Post 10706710)

That's not nice to talk about Nick and his nutz like that!!! :eek:

speednme1 01-03-2020 05:54 AM

Quote:

Originally Posted by Rawknees'Turbo (Post 10706860)
That's not nice to talk about Nick and his nutz like that!!! :eek:

Lmao!!!!!

Matt Monson 01-03-2020 07:54 AM

Sold on Bat summer of '17 for $61k. Doesn't seem to have gone down...

http://forums.pelicanparts.com/porsche-cars-sale/1046237-1982-930-turbo-street-track-car-w-g50.html

NYNick 01-03-2020 08:19 AM

Quote:

Originally Posted by Rawknees'Turbo (Post 10706860)
That's not nice to talk about Nick and his nutz like that!!! :eek:

It's not often I have no response.
That's just funny!

pmax 01-03-2020 09:28 PM

https://bringatrailer.com/listing/1987-porsche-911-carrera-44/

Didn't get the memo here.

$65K strong for the "garage queen", if you can believe the mileage, former daily driver in driver condition.

trader220 01-04-2020 08:07 PM

Quote:

Originally Posted by Matt Monson (Post 10707325)
Sold on Bat summer of '17 for $61k. Doesn't seem to have gone down...

http://forums.pelicanparts.com/porsche-cars-sale/1046237-1982-930-turbo-street-track-car-w-g50.html

Hasn't sold here yet, plus the seller put $20k of work into it. We'll see where it ends up.

That cars been around Pelican for 15 or more years.

Matt Monson 01-05-2020 05:56 AM

Yep. Randy is a friend. He drove for us a couple times at Daytona. That 930’s gearbox is full of my Parts.

sithot 01-06-2020 05:45 AM

Everyone who wasn't in it for the long haul exited after this. (Oct. '14 Panorama) Those who bought in got beaten up when they tried to exit. Auction houses turned away quite a few for "unrealistic reserves".
http://forums.pelicanparts.com/uploa...1578321831.jpg

sithot 01-06-2020 05:47 AM

And not that it matters but an '07 GT3RS is about to sell for more than original sticker on PCAR Market. Good cars will ring the bell.


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