Longhoods Escalate in Value Again....

[Sunroof]

WOW

I was awaiting the latest addition of Excellence (May) to see what Bruce Anderson was saying about the market value of the longhood models. Many volcalized a pessimistic outlook on the value of the longhoods based on current financial woes in the housing market and the "looming" recession. I thought at best that prices would stabilze, BUT much to my surprise they increased substantially, indicating in at least the eyes of Bruce Anderson that the longhoods once again are popular collectibles.

So, according to Bruce my 1973.5T has tripled in price since I purchased it eight years ago fully restored for 10K! That is amazing. But, the real test is, will they continue to sell at high prices and will the desire for these cars remain at a high level?

It certainly is far more valuable on paper as a sound investment then my Peter Max collection! Gotta love em............

Bob
1973.5T Sepia of Course

[Gogar]

Well . . . It's not worth $30K unless you sell it, and get $30K. I bought my T for $8000 5 years ago, it's in reasonable condition, and I seriously doubt I could get anywhere near a "Bruce" value for it. I can dream, though!

[500gls]

What you are forgetting is the impact european buyers have on the value off these cars.
A lot of guys in beginning 40's are suddenly at that point that they want to buy the porsche they have always wanted as a kid, now they can so they become more valuable and the answer is in the dollar-euro !
A $ 20K car is 12,5K in euro's and life standard is about the same so I think that has got a lot to do with the prices going up.
I heard that the port of LA is clogged at the moment with cars stacking up to be shipped to europe.

[Sunroof]

I agree that you cannot get the dough until its in your hands! But, Bruce is a respected guy in the business and however he came up with the updated value of the longhoods is anyones guess. I just cannot get over how popular these cars have become and sought after within a few years. The Euro value against the dollar reminds me of when the German mark was very low against the dollar in the late 70's-early 80's and folks were flying to Germany just to buy a "gray market" 911 at great values and send them back home. The trend has reversed itself still in our favor with supply and demand.

Proud owner of a 1973.5T

[Komenda Fan]

I agree that the low US dollar is bringing lots of Europeans into the market, and that has to help substantially. I would also suggest that Bruce's data probably lags the market, so if prices have slipped, that may not show up in his data for a while. Hey, my car is always for sale, if someone wants to give me good money for it, I'll take it.

[Macroni]

I am in Europe [Paris] now, The prices on Early cars or for that matter any Pcar are expensive. There are a few early Ss the cheapest I saw was $39,500 Euros ($60ish). The majority are between 50 and 60,000 euros. Do the math. My 87 cab over here is worth 32,000 Euros. I am trying to figure how to get it over here to sell! I purchased a magazine with European values but have not had time to digest it. That will be for the plane ride home.

[Sunroof]

Hey Luke,

Where are the yanks advertising where the Europeans are finding the P-cars?


Bob

[Macroni]

Originally Posted by Sunroof

Hey Luke,

Where are the yanks advertising where the Europeans are finding the P-cars?


Bob

Good question. Most of the ads I have seen are the European dealer ads, The cars here are all LHD which would make a reverse shipment very convenient. This is something I might pursue given the carrera values in the US. It also seems Cabs are popular which might also work in my favor. I need to hook up with a French Pelican.

There are quite a few interesting cars that we do not get to see in the US advertised here 993RSs, 964RSs. They are priced very dear. Interestingly, not as many 996 turbos as are available US.

[IDGAF27]

Originally Posted by Sunroof

WOW

I was awaiting the latest addition of Excellence (May) to see what Bruce Anderson was saying about the market value of the longhood models. Many volcalized a pessimistic outlook on the value of the longhoods based on current financial woes in the housing market and the "looming" recession. I thought at best that prices would stabilze, BUT much to my surprise they increased substantially, indicating in at least the eyes of Bruce Anderson that the longhoods once again are popular collectibles.

So, according to Bruce my 1973.5T has tripled in price since I purchased it eight years ago fully restored for 10K! That is amazing. But, the real test is, will they continue to sell at high prices and will the desire for these cars remain at a high level?

It certainly is far more valuable on paper as a sound investment then my Peter Max collection! Gotta love em............

Bob
1973.5T Sepia of Course

Why you so immpressed with prices going up to the roof ? It is just an illusion. 10years ago,when you got your Pcar for 8K's, gas was 1$/gal and etc. So to me , Pcars are not generating more money....just a value of a dollar is not the same. Your 1$ ten years ago worth 25-30c now. notthing to be excided about......
And as someone mentioned- you should get that $$$$ first, to say it is worth that much.

[IDGAF27]

Originally Posted by Luke Marano Jr

I am in Europe [Paris] now, The prices on Early cars or for that matter any Pcar are expensive. There are a few early Ss the cheapest I saw was $39,500 Euros ($60ish). The majority are between 50 and 60,000 euros. Do the math. My 87 cab over here is worth 32,000 Euros. I am trying to figure how to get it over here to sell! I purchased a magazine with European values but have not had time to digest it. That will be for the plane ride home.

Luke send PM and email to you.

[techweenie]

My impression of Bruce is that he's always late to the party -- under-reporting prices by a year or so through the run-up. So my opinion is that what you read now is a year old. Prices could be up or down.

I suspect they are up. I saw 911Ss cross $125K four years ago. Private sales. The public market lags. But the premium cars -- like the RS that recently brought over $400K -- have to be of exceptional provenance. And the top of the market doesn't tolerate 95% restorations. It pays more for patina-ed originals.

While the middle of the market will likely sag in absolute value (tracking the crashing dollar) I suspect the top of the market will continue to rise. In this particular market slowdown, the top 1% seem to be into value and not buying the most expensive, ostentatious cars, according to the analysts. Vintage 911s may be a good place to park money, for some.

[snbush67]

Originally Posted by Sunroof

Hey Luke,

Where are the yanks advertising where the Europeans are finding the P-cars?


Bob

Autoscout24 is the place to advertise, whether shopping or selling;


http://www.autoscout24.com/


Enjoy....

[jlandreth]

I just picked up a very nice,rust-free 69 911T that needs brakes(it's been sitting for 9 years).If and when the time comes,I'm sure I'll find a way to lose money on it!