Wow ... this almost makes me want to sell my car.

[trader220]

Porsche 911 2dr Targa | eBay

Thats quite a sum for an 89 targa with 83k miles.

I don't have the sports seats and mine is an 88 but I only have 65k miles. I would have to think about selling if we're going to see these kinds of prices.

[Matt Monson]

That's pretty much the exact car my aunt offered me last year for $18.5k, except her's is an '87. I r dum!

[pnut_lee]

Never in a million years will the car sell for that kind of cash. Its a $35,000 car tops. If it were a coupe, maybe $40k.......

[trader220]

A million years is a long time, I'll take the time. I am sure g50 cars with those miles and options are not that far away from the time they sell there.

I also think they'll get more than $35k and probably more than $40k these days.

[silverc4s]

Damn nice example though.

[trader220]

Bummer Matt.... but as a trader I never waste much time worrying about the trades I didnt make or the bad ones I did.

[Matt Monson]

Originally Posted by pnut_lee

Never in a million years will the car sell for that kind of cash. Its a $35,000 car tops. If it were a coupe, maybe $40k.......

Typical Pelican comment. Targas have been valued over coupes for many years now. They just aren't the flavour that hot rodders like.

Trader,
Yeah, I don't get too lost in the couldas. Sold my 70T targa for $10k in 2008 and in 2009 it sold for $55k Euro after restoration. I've bought and sold so much stuff in the last decade I've lost count. Only thing constant is my actual business. That pays my bills. The rest is hobby.

[Racerbvd]

Hell, I'd sell my 88 for that, mine has 95K on it. Course, my 78 will never be on the market as long as I'm alive.

[pnut_lee]

Originally Posted by Matt Monson

Typical Pelican comment. Targas have been valued over coupes for many years now.

True for long hoods due to the rarity. I don't see values higher for Impact bumper Targa cars.

[pnut_lee]

I don't think anyone here can disagree that this guy is reaching for the stars at 69k. You are into driver quality long hood or nice 930 money at that point. Both of which will be better long term investments.

[pnut_lee]

Originally Posted by trader220

A million years is a long time, I'll take the time.

In a million years, or in short term another 100 the air cooled fad will be a thing of the past. How many kids dream of owning the car their great, great, great grandfather drove? The pool of enthusiastic buyers will slowly fade and so will the prices. We are hitting a flattening of the market, and I will be shocked if we see another surge like we've recently seen again in my lifetime. Those that believe these cars, or any mass produced car for that matter have an infinite appreciation in value are very misinformed. The uber rare on the other hand that end up in museums or private collections are a different story. An impact bumper 911 Targa I am sorry to say isn't one of them.

[Matt Monson]

What about a '76 coupe? Why is that more valuable than a '76 targa?

[black_falcon]

Originally Posted by pnut_lee

In a million years, or in short term another 100 the air cooled fad will be a thing of the past. How many kids dream of owning the car their great, great, great grandfather drove? The pool of enthusiastic buyers will slowly fade and so will the prices. We are hitting a flattening of the market, and I will be shocked if we see another surge like we've recently seen again in my lifetime. Those that believe these cars, or any mass produced car for that matter have an infinite appreciation in value are very misinformed. The uber rare on the other hand that end up in museums or private collections are a different story. An impact bumper 911 Targa I am sorry to say isn't one of them.

Makes me wonder what's going to happen with the pre-war cars as the greatest generation and baby boomers pass away. Great cars with some very rich history, but I can't imagine many Millennials will be fighting over them.

[Colour me gone]

Hi

I have an 87 white targa with 90K miles on it that I bought in Canada in rushed sale for $20K cdn. I think $69K for that car is a stretch and if he gets it good for him/her.

John

[matt930s]

Wantin ain't gettin......

MattR

[pnut_lee]

Originally Posted by Matt Monson

What about a '76 coupe? Why is that more valuable than a '76 targa?

Matt,

I don't quite understand the market either. Just my opinion is all I can offer. Seems to go in waves based on the hype. For the longest time, even with long hood cars, targas just weren't as desireable. Most purists prefer the lines of the coupe. The targa tends to detract from the classic lines of what a Porsche 911 should look like in the eyes of many, and I would argue the majority. Then air cooled cars took off in desirabilty and long hoods became collector cars. The rarest of them being targas, so inevitably those demanded more of a premium. When I bought my '84 Targa 9 years ago I wanted a coupe, but the coupes were almost always at least 25% more for a comparable car. I just don't see it. Maybe the Targas are catching up to the coupes, but I still think a coupe demands a slight premium for impact bumper cars. I could be wrong.

[Icepack]

About a year before I bought my car I looked at this one for sale in eastern Mass for $22k:

http://forums.pelicanparts.com/porsche-911-technical-forum/674485-drove-nice-88-targa-sale-today.html

A couple months later it shows up on ebay for $34k. Same seller, the sportscarcompany. This is the car:

1988 Used Porsche 911 Carrera Targa at Sports Car Company, Inc. Serving La Jolla, IID 8898145

50% markup seems to be his business model.

[gred04]

Originally Posted by Matt Monson

Typical Pelican comment. Targas have been valued over coupes for many years now. They just aren't the flavour that hot rodders like.

Lol

[Nachtfalter]

I like the way The Sports Car Company guy posts pictures of himself like a slimy real estate agent.

69k for a white on white cocaine package targa?..... uh, no.

[copbait73]

Originally Posted by Matt Monson

Typical Pelican comment. Targas have been valued over coupes for many years now. They just aren't the flavour that hot rodders like.

New data for this? IMO Guys are selling their Targas with the price increases but holding on to their coupes.
Look at Hagerty for the collectable longhoods. The spread really shows for the lower production models.