Price Drops Here there and Everywhere...It Has Begun in Earnest

[Alan A]

Talking about price adjustments

https://forums.pelicanparts.com/porsche-cars-sale/1006515-1989-930-turbo-cab.html

Post #2 - I can’t help but wonder what the unreasonable offers were...

[Macroni]

Sure signs of a down market

https://www.ebay.com/itm/1988-Porsche-911-Carrera/392507395822?hash=item5b63438eee:g:EfgAAOSwwp9duP7 p

another bargain

https://www.ebay.com/itm/1991-Porsche-911-Carrera-4-964-Coupe/293343681444?hash=item444ca55ba4:g:a24AAOSwPeRdwx4 S

too cheap to even discuss

https://www.ebay.com/b/Porsche-911-Cars/6001/bn_39440220?rt=nc&_dcat=6001&_dmd=1&_pcats=6013%2C 6001%2C6000&_pgn=6&_sop=22

https://www.ebay.com/itm/1993-Porsche-911-RS/113988199863?hash=item1a8a39e5b7:g:lhUAAOSw9NJdgFB C

What is up w/ RSs? I didn't realize they were so strong.... a bunch on eBay all expensive.

[trader220]

Some of those prices are really laughable. Not a chance that RSA sells for that price anytime in the near future.

I love the cassis red coupe but not at that price.

[Macroni]

Originally Posted by speednme1

My guess is north of $40k or more

Sold for $49,000 + buyers premium; Good buy....

[Matt Monson]

Good cars bring good money.

[trader220]

Originally Posted by Macroni

Sold for $49,000 + buyers premium; Good buy....

Good buy or good bye?

What's so great about paying 50 grand for a 100k mile SC?

A 50% premium for orange? LoL

Good bye

[Macroni]

Originally Posted by trader220

Good buy or good bye?

What's so great about paying 50 grand for a 100k mile SC?

A 50% premium for orange? LoL

Good bye

Maybe a $10,000 premium..... but I don't think it was grossly overvalued...

[trader220]

Plenty of 100k mile SC coupes can be bought in the low $30's which makes $50k a roughly 50% premium.

[matt930s]

Yup...

Originally Posted by trader220

Plenty of 100k mile SC coupes can be bought in the low $30's which makes $50k a roughly 50% premium.

[nathanbs]

With mismatched motor I’m not sure where the added value came from. I think it indicates that the sky isn’t falling on Black Friday at least

[Macroni]

Bottom line is what it sold for. A few SC coupes have sold in the same range in the last three months. There is no doubt that the market has a wide range from $20 to $50K.

https://bringatrailer.com/listing/1981-porsche-911sc-26/

https://bringatrailer.com/listing/1979-porsche-911sc-29/

https://bringatrailer.com/listing/1978-porsche-911sc-25/

https://bringatrailer.com/listing/1982-porsche-911sc-60/

https://bringatrailer.com/listing/1982-porsche-911sc-54/

https://bringatrailer.com/listing/1980-porsche-911sc-29/

IMO, Conti Orange and condition sold this car.....

this is not supposed to be rational to an enthusiast, It is only rational to professionals.

Opinion on this.....
https://bringatrailer.com/listing/backdated-1981-porsche-911-14/

[specialtyoneinc]

Originally Posted by Macroni

Sold for $49,000 + buyers premium; Good buy....

Damn I was way off with my guess. Vaive's doom & gloom take has been getting into my subconscious I guess

https://bringatrailer.com/listing/1978-porsche-911sc-27/

[specialtyoneinc]

Originally Posted by trader220

This car was listed and sold on BAT back in Sept, the buyer flaked out. This time it sold for less than the previous listing. A year ago that car would have gone for even bigger bucks so I would say the market did get the memo on this one.

The aftermarket turbo flare / wheel combo doesn't look right on that car. Also has been only driven 300 miles since 2009. Highly doubt that is accurate. I'm sure there is paint work on that car other than the turbo flares. I think $45k is pretty good money for that example.

[speednme1]

Originally Posted by Macroni

Bottom line is what it sold for. A few SC coupes have sold in the same range in the last three months. There is no doubt that the market has a wide range from $20 to $50K.

IMO, Conti Orange and condition sold this car.....

this is not supposed to be rational to an enthusiast, It is only rational to professionals.

Opinion on this.....
https://bringatrailer.com/listing/backdated-1981-porsche-911-14/

I agree. Let’s be realistic the whole classic car market is not rational. It’s all emotional buys, none of it is practical. I called on an 1990 E30 M3 Sport Evolution out of curiosity. The car has 53k miles. I was told the asking price.....wait for it....$300k. The seller has a reputation for selling top BMW’s and has a great gift of gab. He believes his own hype but why shouldn’t he...the lowest he has sold a Sport Evo was for $250k. My point is it’s not just Porsche’s that are selling well above what opinions think they should sell for. The BAT car was a nice car and all it needed were two buyers who felt they really wanted it. Average cars will continue to sell at average prices. Cars with rare colors, rare color combinations, rare options, low production and excellent conditions will probably always command a premium. Regardless of what the naysayers think.

[Macroni]

Originally Posted by speednme1

Average cars will continue to sell at average prices. Cars with rare colors, rare color combinations, rare options, low production and excellent conditions will probably always command a premium. Regardless of what the naysayers think.

I agree.

I do not understand how someone feels that if a mediocre car sells for $25,000..... that is the market ......or if a car sells for $50,000 that's the market. Why is so hard to understand that a market and buyers both can discriminate as to characteristics.

Now Howard.... my math depends upon the cars in the sample group....

[MAH77]

How is this hacked up SC transformed into a 72 as high as it is. So much illegal crap and displaying it for the world to see.

https://bringatrailer.com/listing/backdated-1981-porsche-911-14/

[Macroni]

Originally Posted by MAH77

How is this hacked up SC transformed into a 72 as high as it is. So much illegal crap and displaying it for the world to see.

https://bringatrailer.com/listing/backdated-1981-porsche-911-14/

Explain why is this illegal it used to be common practice.

[speednme1]

Originally Posted by MAH77

How is this hacked up SC transformed into a 72 as high as it is. So much illegal crap and displaying it for the world to see.

https://bringatrailer.com/listing/backdated-1981-porsche-911-14/

Hell I’m intrigued.....what’s illegal about it?

[MAH77]

Originally Posted by Macroni

Explain why is this illegal it used to be common practice.

Transferring a VIN from 1 chassis to another is illegal. It may have been common, but that doesn't make it legal.

[Macroni]

Originally Posted by MAH77

Transferring a VIN from 1 chassis to another is illegal. It may have been common, but that doesn't make it legal.

Can you cite code?