can anyone explain the price of this 911

[simonstorey]

I hope this link works. I just found this on e bay and I'm struggling to understand
why there is so much interest...

http://cgi.ebay.com/ebaymotors/Cars-Trucks___1972-Porsche-911S-52kmi-California-Car-Restored-By-Pros_W0QQitemZ300276706409QQddnZCarsQ20Q26Q20Truck sQQddiZ2282QQcmdZViewItemQQptZUS_Cars_Trucks?hash= item300276706409&_trksid=p4506.c0.m245&_trkparms=7 2%3A727|65%3A12|39%3A1|240%3A1308

Cheers
Simon

[Macroni]

http://www.early911sregistry.org/forum/showthread.php?t=24112

These guys are the experts.

[bmendel]

maybe because it is a "user id kept private" auction...? no legitimate reason for a private auction except to make it easy for a seller to engage in shill bidding, so for your own protection, assume "user id kept private" = shill bidding

[fryardds]

I understand your skeptitism about private auctions, in this case though I am very certain the seller is not shill bidding. I have met this seller and have seen some of his cars which were/are very nice. He has a good reputation among his peers so I think what your a watching is an honest auction on obviously desirable early 911. I will say though I have not seen this car in person although I would like to.

[ossiblue]

I agree with fryardds though I have not met the seller. To directly address the initial post, part of the enthusiasm is the car is a 72, and an "S", in addidion to the apparent quality, condition, and maintainence of the car during the past 36 years.

[tfiv]

Originally Posted by simonstorey

I'm struggling to understand
why there is so much interest

It's a 72S! Check your pulse.

[geshaghi]

Even a mint 72S is still not worth $79k (the current bid as I write this) particularly in this market. I agree with bmendel - bids are not real. Even if they aren't shill bidding, if several friends of the seller are aware of the reserve, they can simply bid just below the reserve, making it appear that there is plenty of interest and inflating the price hoping to attract one legitimate bidder.

[914agogo]

Originally Posted by geshaghi

Even a mint 72S is still not worth $79k (the current bid as I write this) particularly in this market. I agree with bmendel - bids are not real. Even if they aren't shill bidding, if several friends of the seller are aware of the reserve, they can simply bid just below the reserve, making it appear that there is plenty of interest and inflating the price hoping to attract one legitimate bidder.

" Even a mint 72S is still not worth $79k "
where may I ask, do you get that notion
are you an appraiser??

early S cars in this condition appeal to folks who can weather most economic
adjustments/recessions ect...
what you are describing are cars or items that must be sold as in "a need to sell"
there are many private trading of the best cars and we only hear about it if
someone volunteers info. It is understood and known to some degree that
a car like this may trade for well over $100K privately.
If this car was offeered at EC (European Collectibles) how much do you think would the sticker price be?


This gentleman selling this car has drawn bids up to $40K for real nice T's in the recent past.

This is a ONE year S coupe in a very desirable color and superb condition,
the 72-73 2.4S is at the top of early Pcar target list and investment guides.

It is very deserving of spirited bidding. this seller doesnt NEED to shill it up.

and who buys this without going out to see it themselves?

[fryardds]

Pure speculation on your part, geshaghi.

This '72S is advertised on the PCA.org site for $115K. I think that # is very unrealistic for sure but a good friend just sold a very nice, original paint '70S coupe for just over $90K so the current price on this auction is very much market correct inspite of the financial/economic meltdown.

[Macroni]

I agree w/ Brian given the recent sales of known Ss, cars especially coupes have commanded premium pricing into the $90s. This car is a known car that will trade out of the publics sight closer to the owner's asking than the last bid on Ebay.

I do not know if Ebay is the best place to sell the top cars.

[onboost]

Originally Posted by Macroni

I agree w/ Brian given the recent sales of known Ss, cars especially coupes have commanded premium pricing into the $90s. This car is a known car that will trade out of the publics sight closer to the owner's asking than the last bid on Ebay.

I do not know if Ebay is the best place to sell the top cars.

Macroni makes a very valid point here, known cars are usually sought after and often trade privately.

I think ebay is a good way to put it out to the world that a particular car is available. Inevitably, if someone wants it they'll make contact with the seller.

[geshaghi]

Just my two cents, and no slight intended towards the seller, but I've been following the market a bit over the last two years. In the current environment, I think $79,000 was a very generous bid for an admittedly very nice car. Twelve months ago, it would have been light, but of course most of us had plenty more money 12 months ago. eBay wouldn't be my first choice to sell or buy a top tier collectible, but the car does receive exposure.

[wm711]

I have not been able to figure this market for the past several years. I sold a damn near perfect 73E (silver) for $40k 16 months ago, I thought that was fully valued. It sold 6 months later for $62K. If you have a truly exceptional car, the money is out there.

[geshaghi]

In regards to values, and further to wm711's observations, I saw a numbers matching non-sunroof 73E coupe with sport seats that appeared to be a nice driver quality car that languished at a small dealer for over a month. Car was numbers matching, missing only the MFI and looked like it needed a very small amount of exterior cosmetic work to make it perfect. He did advertise the car on his website and in various internet sites, although I don't think the car was posted here. I spoke with him during the course of a week about the car, and decided to make an offer first thing Monday morning. By the time I called him, the car had been sold for $30,000 (the ask was only $32,500). This was less than a month ago. I think this one was below market.

I also saw a 70T, non-sunroof coupe, that was also a very nice driver quality numbers matching blue plate California car. Decent history, fresh repaint, tiny spot of rust in the battery box, offered to me at $18,500. I passed.

While I agree that the best of the best will tend to hold value better than lesser quality cars, the market is coming down overall.

[poorsche930]

Originally Posted by bmendel

maybe because it is a "user id kept private" auction...? no legitimate reason for a private auction except to make it easy for a seller to engage in shill bidding, so for your own protection, assume "user id kept private" = shill bidding

thats not always true. The auction was probably kept private is because of the amount of $$$ transacting. I would consider doing the same if I was selling a high $xx,xxx dollar item.

[gsjohnson]

One of the reasons they run private auctions is to keep other bidders and other low lifes from emailing other prospective bidders and ruining the auction.

[glenndeweirdt]

Here is my two cents worth. I think the interesting thing here is the gentleman listed it. I would think a car that putatively is this nice and this rare coming on the market (especially in Southern CA) would sell simply by word-of-mouth if its asking price were truly commensurate with its value. It seems the market has spoken and determined the value to be around $70K today. Who knows what it may be worth a few months from now as high net worth individuals continue to lose asset value.

[trader220]

Originally Posted by gsjohnson

One of the reasons they run private auctions is to keep other bidders and other low lifes from emailing other prospective bidders and ruining the auction.

Correct me if I am wrong but they can run autions where only part of the bidders id is viewable so you can see if its the same zero feed back quacks running up the price without being able to contact them.

I used to laugh at the emails and ebay meaasges I would get from other bidders on an item I was bidding on telling what a scam artist the seller was so I would not bid on the item. Particularlly funny when I had already done business with the seller without issue and these guys were trying to keep the price down to buy the item on the cheap

[atlair]

Some old story, old Porsche plus a celebrity connection makes for wishful thinking.

[gsjohnson]

Originally Posted by atlair

Some old story, old Porsche plus a celebrity connection makes for wishful thinking.

A drunkin celebrity connection.