1971 Porsche 911T Targa. Albert Blue

[wgwollet]

Hello

In the next week or so I will be selling a 1971 Porsche 911T Targa. The car is a great color Albert Blue, 5 speed, Fuchs 6 x 15, new tires. This is one of the nicest Targas I have owned. The body is very straight and true, with factory undercoating still intact.

Usually, a car 40 plus years had some body work, but I can find no issues, it was painted the correct color in 1997, a full trim and window out paint job and still looks very good.

It's original interior, dash with some cracks, only thing replaced was radio. Targa top average, 2.2 liter matching engine with Zenith carbs...

I have seen prices all over, pictures to follow when done, mounting new tires, would like to sell to the Porsche community...before listing..

Thoughts on value...regards....PM if interested.....

[techweenie]

Certainly possible to get $22-24K for a car like that needing only a dash. Maybe more, depending on how it presents itself.

[billwagnon]

I've had the same insurance on my 1973 911T for about 10 years. I think $10,000 or so agreed value. I paid $8k for it, fixed the brakes and replaced the Koni shocks.

I took the car yesterday to the local expert to get an official opinion on the replacement value - he owns, shows, and judges a lot of 356s. My car is not perfect (Webers not MFI, paint issues, non-factory radio). He said it was about a 2.5 where 1 is perfect and 4 is parts car.

His opinion was the value of my car should be $33k to $35k which has kind of freaked me out. My daily driver minivan is worth maybe $2000.

I would think your Targa is at least as good as my 911. The early 911 prices are climbing. I always thought the prices would follow 356s but I didn't expect the curve to be so steep.

[914agogo]

a real nice 70 T Albert blue just sold yesteerday for $45K BIN going to Europe
Porsche : 911 T in Porsche | eBay Motors

[PropellerHead]

The range of value is wide - and this is because the range of condition is also very wide and the costs to restore are expensive.

Door pockets, for instance, are unique to the early interiors and are very expensive to replace if they are missing or damaged beyond repair. And they are easily damaged and a common problem. Seemingly simple things which are 'common' ailments to old cars are costly items as viewed by the new buyer because it isn't easy to source a new set. They represent a headache to the new potential owner and headaches to them cost you money/time. Seats, door panels, headliners/Targa tops, dash pads, etc. leave a huge impression on the potential buyer. They are expensive too though.

Rust (under the skin) is a big enemy and so are interior issues with these cars. A well preserved, largely original car (matching numbers but perhaps a few reversible modifications) is easily a $30k car. Perhaps more in top condition (or well restored such as perhaps the eBay link above). A car which hasn't been well preserved/presented but is complete, running and presents okay as a driver will be in the low $20k range.

The eBay link appears as a really nice car. Well restored and seemingly well sorted. From the presentation it looks like more than a 'nice driver' and it brought high-end 911T pricing. It is also a coupe and they bring more than Targa models.

A car which has aging paint, small flaws such as dings or a rust bubble or two, interior and detail work all around (chrome pitting, trim damaged, weather stripping cracked, glass, etc) could use some help. Perhaps some mechanical work looms in the future with grinding gears or smoke on start-up but otherwise runs well - These are cars hard to classify with a value. Depends on the buyer and might be high teens or even high 20's if the patina is correct.

[techweenie]

^^^

All excellent points. What people don't consider is that you might as well have door pockets and trim that's completely missing as have damaged parts. The cost is the same. Most 'core' parts have no value. So a car that looks good in photos may not be worth $1 more than a total fright pig.

[PropellerHead]

Originally Posted by billwagnon

I've had the same insurance on my 1973 911T for about 10 years. I think $10,000 or so agreed value. I paid $8k for it, fixed the brakes and replaced the Koni shocks.

I took the car yesterday to the local expert to get an official opinion on the replacement value - he owns, shows, and judges a lot of 356s. My car is not perfect (Webers not MFI, paint issues, non-factory radio). He said it was about a 2.5 where 1 is perfect and 4 is parts car.

His opinion was the value of my car should be $33k to $35k which has kind of freaked me out. My daily driver minivan is worth maybe $2000.

I would think your Targa is at least as good as my 911. The early 911 prices are climbing. I always thought the prices would follow 356s but I didn't expect the curve to be so steep.

In the last 10 yrs, replacement value of a long hood 911 is almost 3x what it was. You were (I hope you rectified this) significantly under insured unless it was a non-running car needing a significant amoutn of work. I doubt this.

Hagerty has a good tool for evaluating the year over year value of a car by model. I used it to increase the insured value of my '71 911T by about $10k last year (helps that I use Hagerty). I had made some improvements and the market has adjusted so I found myself under insured too. I rectified this and my rates went up by less than $100/year. That's an easy decision!

For kicks, I just re-ran the tool on a '71 911T Coupe and the range is $21k-$62k depending on condition. Average was $32k. Two years ago, it was $15k-41k range. For clarity, the bottom end is not a parts car. Here is how Hagerty classifies a #4 and #3 condtion (#1 is top of market):

#4 cars are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the fender has a minor dent. The interior could have split seams or a cracked dash. No major parts are missing, but the wheels could differ from the originals, or the interior might not be stock. A #4 car can also be a deteriorated restoration. "Fair" is the one word that describes a #4 car.

#3 cars could possess some, but not all of the issues of a #4 car, but they will be balanced by other factors such as a fresh paint job or a new, correct interior. #3 cars drive and run well, but might have some incorrect parts. These cars are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. "Good" is the one word description of a #3 car.

An average condition 'driver' probably qualifies as a #3 or #4 and fall in the high $20k or low $30k range of value. Of course Hagerty wants your valuation to be high enough that you are 'over insured' rather than under insured but I don't see their description or valuations grossly out of range. Curiously, they have Targa models at a slight premium to Coupes. I see the opposite in my view of the market, but then again I am a Coupe owner and prefer the lines over that of the Targa so I am biased.

[wgwollet]

Gee, thanks guys for the discussion. I see the Ebay car is very nice, I have no idea why people like coupes over Targas? Maybe for the handling, but to me the same. The EBay car has expensive Fuchs and is a nicer car then mine.
I bought the car from a guy who had it painted in 1997 with a good window out job. But when he had it done decided to add a RSR front and a duck tail rear deck. To me he ruin the car but it was in style to do to these cars. Luckily he keep the original front bumper and deck lid, that's my main reason for buying...because it would be a paint match problem...but I am excited because your comments are true and I will list some pictures to fully understand that condition makes the range so large.

[coldstart]

Hagerty also values the 1971 model year 911T targa as higher than than 1972 model year.

I would think that a 1972 would be more desirable given the extra hp, one-year oil door and exact same looks.