Empirical Pricing Matrix

[jaudette3]

While it might be impossible to reduce pricing of early 911's to a purely empirical level given all the variables, it's fun to reduce the variables to two and give it a try. Suppose we use the following scales to judge the two variables of collectibility and condition:

o Collectibility: A through F with A the highest
o Condition: 1 through 5 with 1 the highest

We can then build a matrix and insert values, ideally from recent sales, less ideally from "feel". It would look something like this:



For example, the top value of $125,000 is assigned to a A-1 rated car: top rated for collectibility and top rated for condition. A middling car, say at C-3 is valued at $35,000. These values are just relative at this point as I haven't done much research on recent comparable sales and am going mostly by personal feel. But it should be possible over time to assign real world values by monitoring real world sales.

You can build a chart from the data that looks like this:



It would be possible to put an interactive spreadsheet here that members could use to plug in their own values. Here's an example of one that I built for my company - The Internet Marketing Cube. If there is any interest I would be glad to build one for early Porsches.

Just diddling around on a cold and snowy holiday weekend in Central Oregon.

Cheers,
JohnA

[DasBoot]

Seems to be many, many variables that affect pricing. I know that trying to sell a disco brown 70's 911 is almost impossible. Paint it Viper Green or Mexico Blue...SOLD! Sometimes even the projected (bad) attitude of a seller (cough, cough...NutJob from WY) in their ad can kill the price.

It would be interesting, though, for someone to create a database of sales from ALL available sources (Internet forums, E-Bay, AutoTrader, etc.) just as they do in real estate. Unfortunately, it would take a LOT of work and I don't know if you could get anyone to pay you for your time. Would have to be a labor of love.

[jjflash]

Hagerty's (the classic car insurance company) has a "Cars That Matter" website and subscription service that attempts to track prices on a wide range of "collectible" cars including Porsches. Here's the website:

Hagerty's Cars That Matter: Reliable prices for collector cars

I subscribed for awhile, but don't really have a use for it now. They track models by condition, with 4 levels of condition. I don't think they try to quantify "collectibility."

They track LOTS and LOTS of auctions, so in that respect they have actual prices on cars. Getting that data--he actual prices at which cars change hands--from private parties would seem to me to be just about impossible ;-).