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-   -   356 values? (http://forums.pelicanparts.com/showthread.php?t=767099)

BK911 08-21-2013 05:20 AM

356 values?
 
Its been interesting seeing the 911 market take off recently.
Nice drivers, not exceptional cars
Early 911s going for >$30k
SCs in the $20s

356s seem to be lagging lately. (Not the speedsters or cabs.)
Nice examples are not selling at $40k.

Did the 911 market overtake the 356?

Where do you see the value of a nice original driver 356 as compared to a similar 911?

vracer 08-21-2013 09:50 AM

Join the very knowledgeable organization, 356 Registry.

racer 08-21-2013 03:31 PM

The "right" car, whether 911 or 356 should continue to increase in value.

BK911 08-22-2013 12:40 PM

Quote:

Originally Posted by vracer (Post 7614021)
Join the very knowledgeable organization, 356 Registry.

Wasnt really looking for what 356 owners thought their cars were worth, but what somebody would pay for one relative to a similar condition long hood.
Plus isnt the 356 registry pay to play?

mattC2993 08-22-2013 08:44 PM

I don't think you can generalize about 356s. The pre A and A model coupe pricing still seems to be rising. I can't say that about the B and C coupes and cabs. Convertible D's and Speedsters haven't gotten any cheaper either :)

I think you can still look at the 356 Registry forums even if you are not a member. You definitely can't post. Its a policy I never agreed with but the people that make the decisions are of an older generation and have totally disregarded the fact (IMHO) that forums don't run this way and its a big turnoff for many. Its all about getting revenue to fund the magazine which really is good.

wgwollet 08-23-2013 08:20 AM

The 356 is a great car, but generally it relates to older drivers. I have more then one friend under 40 years old looking for LONGHOODS. The common 356's will and are taking over the 356 world. First the 356 speedsters and cabs are just plain too expensive to own and enjoy today. Plus many are just restored buggies, the longhood T, can make a very wonderful car, plus it's a vintage 911, with 50 years of history. I like 356 but have on pulled the trigger for one mainly because of performance, I have a 912 and love the car, but slow, but much cheaper..

Lastly, 356 common cars, seem to have peaked for now, remember no matter what car you talk about it relates back to what the buyer remembers in his youth. 356 are now very old cars, my Uncles loves Model T's but most guys who love them are dead.

Matt Monson 08-23-2013 09:55 AM

I would be interested in seeing nice examples of 356s sitting stagnant at $40k...

BK911 08-23-2013 12:14 PM

By 40 I meant 40s. :D

TheSamba.com :: VW Classifieds - Vehicles - Porsche - 356

$49k
TheSamba.com :: VW Classifieds - 1964 Porsche 356C Coupe - Newly Rebuilt Engine

$40k but with 912 engine
TheSamba.com :: VW Classifieds - 1964 356 C Coupe

$41k non number matching S90
TheSamba.com :: VW Classifieds - 1961 Porsche Super - 90

And a handful of others. All look like decent drivers. Seeing long hood Ts flying off the shelf at $50k, with some nice examples with asking prices near 6 digits.

Seems like the early 911 market has over taken the 356 market, at least for the B and C coupes.

wgwollet 08-23-2013 12:16 PM

I agree for the above reasons....that's not to say common 356's are not improving just not as fast as longhood 911's.

Matt Monson 08-23-2013 06:54 PM

Gotta compare equal cars. I don't see a 210k mi 911T or mid mileage 911T's with non-original engines jumping off the shelf at $50k. 911Ts of the caliber of this 356s you have linked are 25-30k cars IMO. Maybe a really nice '72 with 915 and a $20k 3.0 hot rod engine swap is a $40-50k car. But I'm just not seeing T's in particular surpass equal condition 356s.

wgwollet 08-24-2013 02:19 PM

Ummm...disagree....a equal common 356 vs a 911T both original engines, etc. the T is moving ahead...I passed up common 356 in 30-35 range, the problem with most 356 is they are very common with replaced panels, yes 911T are too but to find both in factory undercoating original panels, the T goes for more, not much, but next year when we have this conversation, the T could be 5-10 ahead....the Anihiem, CA 356 Registry woke up many sleeping vintage 911 cars, plus a lot of 911 guys like their cars with 3.0 engines....356 just not possible....and some of these modified 911 are bring big dollars.

mattC2993 08-24-2013 03:25 PM

Sure, the early 911s are perhaps rising in price faster than some of the 356s. Have you priced out a 356A Outlaw lately? It'll cost you double an equivalent longhood.

Matt Monson 08-24-2013 08:21 PM

What Matt said. Take an Emory built A with a Polo engine and put it against an Aase or Rothsport built '69 T with a twin plug slide valve 3.2 and I bet the A pulls 10-20% on the T.

wgwollet 08-24-2013 08:38 PM

I have no idea what your talking about....I am stupid on doing anything to Porsches but making them original.

I am sure they are great cars, but experience tells me, if you ever want to be unside down on the value of a vintage car,..modify it...it's very costly and can never reach original prices..after you do the subtraction...now your not comparing apples to apples...

mattC2993 08-25-2013 06:54 AM

You're the one that brought up modified cars...911s with 3.0 engines :)

Matt Monson 08-25-2013 01:41 PM

Never say never. Considering Magnus Walker's modified '72 T just brought $275k at Pebble Beach the idea that modding a vintage car is an impossible way to turn a profit or retain good value just doesn't hold water.

Clearly the exception to the rule but speaking in nevers or other absolutes generally can be disproven with multiple examples.

Augustus 08-25-2013 06:33 PM

^^^ Magnus probably spent $275k promoting his car.

Matt Monson 08-27-2013 02:59 PM

Quote:

Originally Posted by Augustus (Post 7621318)
^^^ Magnus probably spent $275k promoting his car.

Magnus probably made $1/4 Million on hats and t-shirts from the Urban Outlaw brand while advertising that car. And wrote off all the advertising budget to his clothing line. And the car probably cost $125k to build. Not a bad year's work in my book...

ficke 08-28-2013 08:34 AM

What I am hearing for example is " I am just not driving my 356 as much any more. I can not compete in traffic with it as easily as my SWB 911 and I still get the early vintage feel with the SWB" I have heard a variation of that with some frequency.
356's are entering the realm of static display collectable, many are driving of course but the early 911 has taking the 356's place as a drivable vintage Porsche.
The early 911 is looking as simple to the modern Porsche owner as the 356 did to the 911 owner so the vintage feel is just as pronounced to the modern Porsche owner.
I am seeing the price of 1965-1973 911's climbing and easily surpassing 356's of equal shape and options.
The SWB 911's are the pre A 356
The 2.4L 911 are the 356 C's
The 73 911 Carrera is $ wise on par with the 356 Carrera
Of course the 356 Carrera has a much more unique engine than the 73 Carrera and it can not be as easily duplicated like its 911 brethren so I doubt that price rise integrity of the 73 Carrera.

Matt Monson 08-28-2013 11:00 AM

I think ficke is starting to nail this down a bit more accurately than the rest of this discussion.

The 356B is kind of the unloved 356. You could say that it is the 70-71 911T of the 356 line. As I mentioned previously, we've got to compare like to like if we're going to genuinely look at this.

Take a 356C SC for example. Nice original and restored examples are anywhere from $60k-125K. I would compare that car to something like a 69-73 911E, which have somewhat similar pricing.

The only 356 one could compare to a longnose 911S would be a Carrera with 4 cam.

That's why I immediately asked about what $40k 356s were just sitting while 911s went past them. Maybe the 911 is starting to edge past the 356, but not by much, yet. Long term, who is to say. When '68 911S cars are going for close to $200k, it makes you wonder when it's going to stop because you could buy an ok Carrera GS with 4 cam for that same $200k.

Augustus 08-28-2013 11:00 AM

Quote:

<div class="pre-quote">
Quote de <strong>Augustus</strong>
</div>

<div class="post-quote">
<div style="font-style:italic">^^^ Magnus probably spent $275k promoting his car.</div>
</div>Magnus probably made $1/4 Million on hats and t-shirts from the Urban Outlaw brand while advertising that car. And wrote off all the advertising budget to his clothing line. And the car probably cost $125k to build. Not a bad year's work in my book...
I'm not easily impressed... seems you are.

Matt Monson 08-28-2013 11:05 AM

Quote:

Originally Posted by Augustus (Post 7626151)
I'm not easily impressed... seems you are.

You really are a bit of a prick. :rolleyes:

I respect what Magnus is doing, as a businessman. I'm not one of the masses who is a Magnus fanboi and hangs on his every action. I've met the guy and hung out with him. While his love of the marque is true, he is first and foremost a businessman and wouldn't be doing what he is currently doing if there weren't a profit in it for him. The fact that I see that and speak openly about doesn't mean that I am impresed, but it does mean that I respect the guy's vision and that he had the foresight to capitalize on the 911 craze and make a few fistfuls of money off of it.

ficke 08-28-2013 12:18 PM

Quote:

Originally Posted by Augustus (Post 7626151)
I'm not easily impressed... seems you are.

You might not be impressed, but people who have money and buy Porsche's are obviously impressed and frankly those are the ones who are setting market price. It would be silly to ignore that.

mattC2993 08-28-2013 06:37 PM

Quote:

Originally Posted by ficke (Post 7625878)
...
I am seeing the price of 1965-1973 911's climbing and easily surpassing 356's of equal shape and options.
The SWB 911's are the pre A 356
The 2.4L 911 are the 356 C's
The 73 911 Carrera is $ wise on par with the 356 Carrera
Of course the 356 Carrera has a much more unique engine than the 73 Carrera and it can not be as easily duplicated like its 911 brethren so I doubt that price rise integrity of the 73 Carrera.

I don't see 911s surpassing 356 prices. A's coupes are $50k-$80k, Pre As are $80k-$120k. The 356 Carreras are $250k and up. Even project cars are $30-$50k. Open cars are another big step up. Is this where the '65-73 911s are at? I really wouldn't mind seeing my '70 911E project car rising in value so I'm not upside down on it :)

ficke 08-29-2013 07:06 AM

There are many sources to support claims made, Here is one E-bay buyers asking prices. there are a lot more if you want to look for yourself. 59,000 1962 356 with S engine Porsche : 356 Reutter Coupe in Porsche | eBay Motors
52,000 1964 356
Porsche : 356 Factory in Porsche | eBay Motors
129,000 1963 356 S Porsche : 356 in Porsche | eBay Motors
50,000 Porsche : 356 B in Porsche | eBay Motors
45,000 1967 912 with 911 engine Porsche : 911 SWB Coupe in Porsche | eBay Motors



105,000 1973 911E Porsche : 911 E | eBay
75,000 1966 911 Porsche : 911 Coupe 2 doors in Porsche | eBay Motors

mattC2993 08-29-2013 07:25 AM

You picked two B's (cheapest of the lot) and an unrestored C :) Let me guess....there wasn't even an A or pre A coupe for sale on Ebay.

ficke 08-29-2013 08:38 AM

Quote:

Originally Posted by mattC2993 (Post 7627631)
You picked two B's (cheapest of the lot) and an unrestored C :) Let me guess....there wasn't even an A or pre A coupe for sale on Ebay.

Matt no need to guess, just look for yourself and compare S to S and Normal to Normal, maybe post your comparison from E-bay or the source of your choice.
What I see is 356's have had a steady climb in ten years.
911 have had a rocket like climb, and I do not see a bubble so much as these cars are being discovered by the Porsche masses.
As the Porsche population changes with time, I see that the average Porsche person of today looks at old 911's as vintage cars and 356's are akin to them as model T Fords are something like that, antiques, they might not even recognize a 356 as a Porsche.
911's are "old skool Porsche's" at least that is what I hear.
I remember when 911's were the "new" car and 356's were what the high school and poor Porsche owner drove. Times and perception is always changing.
I guess I am showing my age but it is to illustrate all the changes and we are going through one of those changes now.

mattC2993 08-29-2013 11:32 AM

Sure. 911s are rising in price. I think my 993 might even be on the climb. My point was that there are no 356As for sale because they are in big demand and short supply = expensive. I think comparing 356s to old Fords is a bit of a stretch!

Matt Monson 08-30-2013 09:23 AM

Ebay is being held up as the benchmark of where the prices are at on these cars?http://forums.pelicanparts.com/support/smileys/cat.gif

This conversation has dipped into the silly. I thought we were talking about nice drivers, restored cars, and top notch concours vehicles. You don't find them on Ebay. You don't gauge the market on the project cars and shadetree restored cars that pollute Ebay...

ficke 08-30-2013 01:09 PM

Quote:

Originally Posted by Matt Monson (Post 7629778)
Ebay is being held up as the benchmark of where the prices are at on these cars?http://forums.pelicanparts.com/support/smileys/cat.gif

This conversation has dipped into the silly. I thought we were talking about nice drivers, restored cars, and top notch concours vehicles. You don't find them on Ebay. You don't gauge the market on the project cars and shadetree restored cars that pollute Ebay...

Matt, In no way am I suggesting E-bay is the "benchmark" for prices, what I have done is offered up hard numbers to support my opinion and frankly speaking the PO is the only one else who has done the same. As much as I like hearing opinions, I and I believe others like opinions even more with supporting information, then the conversation actually changes into a conversation of facts.
But of course some times facts get into the way of opinions;)


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