Need help determining a selling price on a 911S

[BC Monroe]

I have a 1977 911S Targa that I need some help determining a selling price. Some background on the car: the car was purchased around 1990 by my Dad. Quite a bit of work had been done on the car prior to his buying it.

1977 911 Targa 2.7L mileage 108,137
To my knowledge the car has never been in an auto accident and does not appear to have had any body work. The original color is black and it had a respray in black in 1990. The paint is not great; it is starting to lift around the edges and there is a chip along the decklid where the gap is not correct. There is also a place on the passenger side front wheel well that is blemished


Below is the work that was done around 1989 to 1990
Window regulator
Rear regulator
Clutch disc
Pressure plate
Throughout bearing
2 heater vents
Valve cover set (these appear to be aluminum)
Mainshaft seal
Timing Chain
stereo upgraded to a Blaupunkt Phoenix SQR 29 (stereo and cassette player)

Materials on the ticket show:
key
door handle (assuming interior)
Fan Blade
Rings
Hose heater
Guides
Pulley engine fan
Gasket set
seals/oil tube
Valve job & heads
inserts
seal
tensioner kit
welding (no idea about this but the fee was $40.00)
It also appears that one of the heat exchangers was replaced at some point
Ball bearing
oil
spark plugs
air filter
I know several of these items were just maintenance related

My Dad drove it briefly and then it sat with gasoline in it for many years in a garage.

In the past 14 months, this is what has been done to the car:

new Dansk OES gas tank installed
new fuel tank seal
new fuel lines
new fuel pump
Injectors cleaned twice
replaced fuel injection lines
spark plugs
spark plug wires
Ignition rotor
Distributor cap
valve cover gasket set
filler neck to fuel tank
brake system bled
tune up
replaced another interior door handle
front seats removed and reupholstered in German vinyl with perforated inserts to match the original seats
replaced deck lid shock
replaced the 2 hood shocks
windshield wipers changed to home on passenger side
pedal cluster rebuilt
shift rebuilt - all 4 bushings replaced
vacuum hoses replaced
sending unit cleaned - gas gauge is now working
2 new tires Firestone Affinity Touring BL P195/65R15 89T 70,000 mile warranty
2 new tires Firestone Affinity Touring BL P215/60R15 93T 70,000 mile warranty
(tires have less than 1,000 miles on them)
oil changed July 31st, 2015

complete set of Porsche shop manuals (4 volumes)

I also have the following parts that have not been installed
air box pop off valve
various gaskets
oil pressure switch (appears to be leaking though working)
extra air filters
extra oil filter
extra passenger side interior door handle

The car has one or more oil leaks - several drops each night. It has been running and has been driven close to 800 miles in the past 6 weeks. It is currently not running after unsticking the plunger in the fuel distributor and getting the gas out of the motor, replacing the spark plugs and changing the oil. The engine turned over several times and started, but died. I don't know if it has air in the lines or what at this point. The only rust I have seen on the car is mild surface rust only on the area immediately above the front part of the engine - not on the deck lid. The felts in the bonnet are complete and the doors and door pockets are in very good condition.

Currently the blower motor is out of the car. It works but needs a new blower hose (about $47.00 from our host) and the hoses that go to the heat exchangers need to be replaced - they are currently removed while it was being worked on. It needs front floor mats - one is dead, one is missing. Rear mats are good. The targa top needs a new outer skin. It fits tight, but it is original. There is also a small tear in the headliner at one of the seams though it doesn't flop on your head.

I am interested in getting an idea of what the car is worth. I have looked at the Hagerty's website and their values seem low to me compared with what I see cars sell for. Your input would be very much appreciated. Thanks.

I have many more pictures, but am limited to 10 in this post.

Below are pictures:

[maninblack]

Good project for someone.

Needs paint. not quite running, targa top needs restoration, cookie cutters instead of Fuchs.

I think $10k, maybe just a tad more, is going to be pretty close to all the money for that one in its current state (which is about what Hagerty estimates for a condition 4 car).

[93097004xx]

Worth more than 10k.. That car is all original and makes for a perfect candidate for a restoration. Nice car!

[maninblack]

Not when it isn't running it isn't. And not much more running in that condition.

[Nachtfalter]

It has a cool look, get it running and it's probably a quick sell between 15-20k. I love cookie cutters.... and that red MGA.

[Matt Monson]

Similar cars are selling on EBay for high teens and low 20s. Get the car running before you list it. You won't take a hit all the way to 10k, but it will be a hit of several thousand dollars. Might cost you $500 or more in labor to repair the CIS but every dollar didn't will return 3-5 on the sale.

[christiandk]

Originally Posted by 93097004xx

Worth more than 10k.. That car is all original and makes for a perfect candidate for a restoration. Nice car!

+1 probably 15k as it sits.

[CountD]

So very few of these cars exist in this state. Many were abused, used, slant-nosed, flared, blown up, disco-sledded, repainted red and just not cared for.

No way this car is $10K. Sorry, but no way. Closer to $18K if not more. You never see them clean and the amount of work done to get this 911 going is going to save the future owner $3K to $5K alone with the new tank, pump, lines, etc. All the work getting this back on the road was done right and it is extremely time consuming not to mention frustrating when the motor fills with gas.

This looks like a great car for anyone interested in a last year mid year. Or a mid year in general.

I wouldn't be surprised if you got $24K on eBay. Again, you don't see them like this. The days of one of these going for $10K in this condition are long gone.

[CountD]

...and yeah, $10K? You guys are still living in 2011 if you think it's even close to this amount.

[NYNick]

Pay the piper if you have to, to get it running.
At that point, it's $20 +/-

[sm70911]

In spite of the anemic power plant its a very pretty driver. I would think running it would sell quickly for somewhere in the high teens very low twenties. If i was looking for a middie Id be all over it.

[LUFTKUL]

In its current state it would sell now at $15K. I think it would sit at $20K.

[brianvb]

Pm sent
Sell it to me !!
Brianvb
Brianvb_911@hotmail.com
I'll take good care of it. I'm not a reseller.

[Matt Monson]

Comp on a care that is not as nice as yours. $20k at a dealer.
http://forums.pelicanparts.com/porsche-cars-sale/877558-1977-911s-targa-arrow-blue.html

[BC Monroe]

Originally Posted by Matt Monson

Comp on a care that is not as nice as yours. $20k at a dealer.
http://forums.pelicanparts.com/porsche-cars-sale/877558-1977-911s-targa-arrow-blue.html

After reading the ad and seeing the pictures, I think "going to need going over" as it states in the ad is an understatement. Thanks for posting this.

[maninblack]

Originally Posted by Matt Monson

Comp on a care that is not as nice as yours. $20k at a dealer.
http://forums.pelicanparts.com/porsche-cars-sale/877558-1977-911s-targa-arrow-blue.html

Arrow Blue = +$5-10k at least