value of a '69 911e mfi in slate grey restored

[hun911]

what do you think about the value of a '69 911e 2.0mfi. this car will have a collector type restoration witch means every part of the car will be restored to it's real original condition without any compromises. The car is in slate grey color, and all matching numbers. The only modification will be the leather interior instead of the leatherette. Nothing special in the history of the car. But will look real beautiful and like new.

[fryardds]

Coupe or Targa? If a Targa is a hard or soft window. Do you have the manuals and a good paper trail back to 1969?

Unfortunately you may find yourself underwater with a high $$$ restoration on this car.

[hun911]

It is a coupe. It has the Porsche Certificate of Origin. Every peace is proffessionally restored by real experienced restorators.

[techweenie]

I'd venture a guess at $30-32K if all is done to a high standard. But it's difficult to know without a personal inspection. I've seen plenty of cars done by "real experienced restorators" that were extreme disappointments.

[hun911]

Originally Posted by techweenie

I'd venture a guess at $30-32K if all is done to a high standard. But it's difficult to know without a personal inspection. I've seen plenty of cars done by "real experienced restorators" that were extreme disappointments.

Yes, i've seen many "restored" cars, that look terrible. What i'm talking about is a real professional work with a "money not an option" restoration. Every part of the car is brand new now. No part left untouched. So i expect at least $60K.

[G450X]

Great color, what color is the interior? I'd think factory red or another interesting color would ad a few thousand.

I think 911E's are a bit undervalued, but $60k seems optimistic. If it was a low mile original, I think it would bring that kind of money.

I ran across a nice fairly original maroon/black '70 E last year that sold in the low $20k range in good driver condition.

Until the euro gains in value, the days of euro based countries paying top dollar (due to the low valuation of the dollar) is over.

[fryardds]

Originally Posted by hun911

Yes, i've seen many "restored" cars, that look terrible. What i'm talking about is a real professional work with a "money not an option" restoration. Every part of the car is brand new now. No part left untouched. So i expect at least $60K.

You are going to disappointed then as this car, when done, won't sell for $60K or even close IMHO. You are spending all this effort on the wrong car (year and model).

[Matt Monson]

You might spent 60 on it but it's only going to be worth at most 2/3 of that when it's done...

[hun911]

G450X: Unfortunately the interior was black originally. so i restore it to black. but i really like the slate gray exterior/red interior combo...

the 2.0mfi is a one year only model. only 1000 cars were made. you can find more S than E on the market. A really good restored (not just street level) restored car from this type costs more than 45K Eur in Germany and that market is my primary target, so i hope i will get that price for a rare car with rare color... i'm optimistic :-)

[Macroni]

An over the top restored white 69E last year sat on the market; the owner finally took $89,000 for it. Unfortunately for him being he had over $100,000 into the restoration. Sloan had it offered at $12X,XXX. Here is the early S thread http://www.early911sregistry.org/forums/showthread.php?67139-1969-911e

I also believe a very nice but original E sold for over $85,000 at auction.
http://www.rmauctions.com/CarDetails.cfm?SaleCode=AZ11&CarID=r245&Currency=U SD


So yes, you can get all the money for an E but you better make sure you do not over restore to the point of being upside down.

[hun911]

Luckily there are a few really professioanl craftsman here in Hungary who can restore my car over the top on way much less money than in the US or even in Germany. I have a thred where i posted some pics what the craftsman fabricated from a piece of metal. We had very good painters and i can purchase every parts here or on ebay. I'm sure the car will be stunning and cheap compared to the $85,000

[Matt Monson]

Originally Posted by hun911

the 2.0mfi is a one year only model. only 1000 cars were made. you can find more S than E on the market. A really good restored (not just street level) restored car from this type costs more than 45K Eur in Germany and that market is my primary target, so i hope i will get that price for a rare car with rare color... i'm optimistic :-)

If Europe is your market the game changes a bit. I sold my rough 1970 911T targa over there for less than $10k in 2008. It was fully and properly restored by Seeland Klassische over 2 years and was resold for what I was told by the new German owner was more than the 45K Euro you list above.

[Christien]

If it were me looking to buy, for 60k I'd want something that was restored at the Porsche factory, nothing else. With all due respect, Hungary doesn't exactly have a world-wide reputation for craftsmanship like, say, Italy, Germany or even the US.

Restoration for sale is pretty much always a losing proposition. Restoration only makes sense to enjoy, not to sell.

[G450X]

Restoration for sale is pretty much always a losing proposition. Restoration only makes sense to enjoy, not to sell.[/QUOTE]

I somewhat disagree with this statement, but it does demand a proper car pick to begin with, many carefully picked used parts, lots of free labor, etc...

If you have to pay somebody to do everything, then it's almost always a losing proposition. If it's a retired enthusiast's labor of love with minimal outsourced labor, it could be profitable.

I think "E's" are a bit undervalued and a good early 911 with the potential to appreciate. They are arguably better drivers than early "S's," and (according to period road tests) quicker at most normal road speeds.

Good Luck with the '69 "E" hun911, they are nice driving early 911's.

[hun911]

Originally Posted by Christien

If it were me looking to buy, for 60k I'd want something that was restored at the Porsche factory, nothing else. With all due respect, Hungary doesn't exactly have a world-wide reputation for craftsmanship like, say, Italy, Germany or even the US.

Restoration for sale is pretty much always a losing proposition. Restoration only makes sense to enjoy, not to sell.

if you would know how much car from italian and german restorers come to Hungary for body work! we have very good craftsmen who work for way much less money than you could imagine in the US. And in absoulte high quality. My friend has a restoration shop (they do mainly porsches) and they have only clients from other countries like Grmany. They are booked for the next 2 year!

[hun911]

just a few pictures of my friends bodyshop





But of course Hungary is a piece of sh.t. It's very frustrating to live here... :-(

[Christien]

That may very well be true, but my point is that the reputation of your craftsmen isn't known around the world. That will make it harder to sell. Maybe the best restorer in the entire world lives in Somalia, but no potential buyer would realize that and consider it a plus.

[G450X]

Due to the strength (even with recent instability/downward push) of the euro it makes great economic sense to source craftsmen from non-euro currency based countries in the same region to take advantage of the currency strength.

Hungary, Poland, Czech Republic, etc., are countries that are relatively close to euro based countries. Unless you are uber rich (or extremely nationalistic) it's really wasteful to spend top dollar (i.e., Germany) when similar costs could be 50% less in a neighboring country.

The only wild card being any duty fees imposed for import/export. Maybe it would make sense to get a rough car to run & drive to another country and drive back a restored example - how do they track this type of mobile possession for tax purposes?

North America - not too many years ago the Canadian dollar was worth .50 to the USD, boy how the tables have turned - for the Canadians everything in the U.S. is half price!

That looks like a nice shop hun911 - I love to see old 911's brought back to life.

Have a Merry Christmas!

[hun911]

G450X

Yes, you're right. The terrible financial situation of Hungary can be an advantage if you work for foreign markets.

You d8n't have to pay any import/export duties if you don't sell the car to the destination country. You just pay for the shipping. No other cost.

Here is a beautiful example of the work of my craftsman. Had to replace the back seats but we couldn't buy one, so he fabricated one from a piece of metal.

Piece almost ready


Piece already welded into place. And now comes the next one.

[borisschaefer]

so hun911, how much is it to get a body restauration in hungary? I have a 1971 911e project car and am not sure yet what to do with it....