Notable Recent Sales

[kenikh]

I've noticed a pattern. I'm not the first.

All Porsches languish as they age - some more than others. For 356s and 911s, the following has proven true...

• One day, cars start to appreciate - you can predict which ones, based upon the retirement age of the average male. For that age bracket, determine what years those individuals were 16 - 25. Those are the years to watch.
  
• The first cars to take off: All original, low mile, first of breed, top spec cars (e.g. Early Esses, 3L Turbos).
  
• The rising tide raises all boats, but not as dramatically. Lower, more common trim specs appreciate upward, but not as quickly.
  
• When the "perfect original" cars are all snapped up - off to the next in line...
  
• ...Well documented, restored cars take off and approach the prices of the pristine original cars during the first wave. People begin to realize that there aren't actually that many cars out there, much less worth restoring. Convertibles/Targas pass hardtops in value at an accelerating rate. Panic sets in and the rush is on.
  
• The market gets glutted by people looking to cash in and brokers looking to flip their way to profits. The world gets fooled into thinking that supply is greater than demand, as cars sit on the market for longer and longer periods.
  
• Things get very quiet and prices go very flat, for a good long while, as exhaustion overtakes the market. The pristine original cars now rarely change hands publicly and when they do, prices are rarely known - when they do, rumors swirl of double and triple appreciation.
  
• People start talking about a pullback in prices, just as cars start to change hands again, at climbing prices. The truly rare cars now start to dramatically outpace more common ones (RSs > Esses > Es/Ts; 930s > SCs, etc.)
  
• When it comes to the top models, now the turds float to the top - anything with a VIN and matching numbers is cobbled together to comprise a restored car. The margins aren't great, but someone can still make a few bucks at these valuations. The forgeries start showing up.
  
• Last, even the most common cars follow the rare models, and even these exceed the reach of people of average means.
  
• People start looking at 996s and realize that they ARE A LOT OF CAR FOR THE MONEY - and can almost afford the GT3/TT, that was over $150K new - even a nice, all original one!

Lather, Rinse, Repeat...

[tonypeoni]

Originally Posted by kenikh

I've noticed a pattern. I'm not the first.

All Porsches languish as they age - some more than others. For 356s and 911s, the following has proven true...

• One day, cars start to appreciate - you can predict which ones, based upon the retirement age of the average male. For that age bracket, determine what years those individuals were 16 - 25. Those are the years to watch.
  
• The first cars to take off: All original, low mile, first of breed, top spec cars (e.g. Early Esses, 3L Turbos).
  
• The rising tide raises all boats, but not as dramatically. Lower, more common trim specs appreciate upward, but not as quickly.
  
• When the "perfect original" cars are all snapped up - off to the next in line...
  
• ...Well documented, restored cars take off and approach the prices of the pristine original cars during the first wave. People begin to realize that there aren't actually that many cars out there, much less worth restoring. Convertibles/Targas pass hardtops in value at an accelerating rate. Panic sets in and the rush is on.
  
• The market gets glutted by people looking to cash in and brokers looking to flip their way to profits. The world gets fooled into thinking that supply is greater than demand, as cars sit on the market for longer and longer periods.
  
• Things get very quiet and prices go very flat, for a good long while, as exhaustion overtakes the market. The pristine original cars now rarely change hands publicly and when they do, prices are rarely known - when they do, rumors swirl of double and triple appreciation.
  
• People start talking about a pullback in prices, just as cars start to change hands again, at climbing prices. The truly rare cars now start to dramatically outpace more common ones (RSs > Esses > Es/Ts; 930s > SCs, etc.)
  
• When it comes to the top models, now the turds float to the top - anything with a VIN and matching numbers is cobbled together to comprise a restored car. The margins aren't great, but someone can still make a few bucks at these valuations. The forgeries start showing up.
  
• Last, even the most common cars follow the rare models, and even these exceed the reach of people of average means.
  
• People start looking at 996s and realize that they ARE A LOT OF CAR FOR THE MONEY - and can almost afford the GT3/TT, that was over $150K new - even a nice, all original one!

Lather, Rinse, Repeat...

As for rougher examples. Here is a 161000 mile example that was bid to $60000 on Bring a trailer.

1987 Porsche 930 Turbo | Bring a Trailer

[pu911]

So I have this beautiful 73 S targa and I am waiting for it to become more valuable than a coupe or not, .
Phil

[kenikh]

67S Targas are at least 20% over coupes now. Can't imagine a 73S Targa isn't in the same boat.

[pu911]

That only holds true for the soft window targa's which are very cool and very rare. Hard window targa's are generally 15-20 % less valuable than comparable coupe.
Phil

[tonypeoni]

1979 930 111k miles $90000

1979 Porsche 930 Turbo for sale #1728646 | Hemmings Motor News

My favorite of all color combos

[tonypeoni]

1979 930 26k miles asking $44000

http://www.ebay.com/itm/Porsche-911-930-/161653221832?forcerrptr=true&hash=item25a34869c8&i tem=161653221832#ht_310wt_956

Project car, I believe this is typical of a great number of 1970s R.o.W 930s. A number of 930s sit in similar condition. This seems to be greater with cars 1985 and down especially with cars 1975/1979.

[kc911s]

I'm a fan of that interior.

[quattrorunner]

Great color too.

[kenikh]

Originally Posted by kc911s

I'm a fan of that interior.

YUP - been thinking of redoing mine in Pascha, actually

[quattrorunner]

I'd sell my converted car to buy that

[onboost]

Originally Posted by kenikh

67S Targas are at least 20% over coupes now. Can't imagine a 73S Targa isn't in the same boat.

Originally Posted by pu911

That only holds true for the soft window targa's which are very cool and very rare. Hard window targa's are generally 15-20 % less valuable than comparable coupe.
Phil

Agree, and as very early cars go, these would be my favorite.. probably because this was my entry car to the Porsche world many moons ago. 67S soft window Targa w/torque thrust wheels. Fond memories.

[shlobeck]

I just don't understand how someone could neglect a Porsche, let alone a 930 like this. I know the values were nowhere 20-30 years ago but it still was a rare, expensive car none the less. Especially with that color combination. I wouldn't treat a commuter car like this...Very nice "euro style" pasha interior with light blue metallic paint. I'm sure some will take up this project.

[kenikh]

If it can happen to a SWB Ferrari 250, it can happen to anything.

[jay72]

Green '76 930 at Auctions America hammered at $150,000

[pu911]

Looks like someone got a nice 76 at good price!
Phil

[voitureltd]

Good to know. I have more than one interesred in my similar car except mine is almost perfect original. So $150K for that will make me think more towards $200K and I am really not that interested to sell right now with summer almost here.. With this one sold maybe one less interested in my Ice green metallic. It looked like a nice resto with a few things that need to be done over and changed out. Still not a bad deal if that boost guage was just turned , not run that high.

[rdwinelover]

That is cheap for a 76. Seems now rare to see any 76's come up for sale. Bill Noon keeps getting North of $250k for his cars he finds. Anyone have a link to the Auctions American car?

[kc911s]

What are 77 930's trading for? How much below the 76's are they?

[rdwinelover]

150k for a 77

200k+ for a 76 on their way to 300k

Someone stole that 76...