Future pricing trends?

[Mikey83835]

OK, I have a '74 Targa, widebody, 3.6 motor, black powdercoated RUF Speedline 17" wheels, big bars, Sparco seats, roll bar, blah blah, all the right stuff, my dream car actually but has a couple of bugs from the 3.6 conversion, I can't find anyone who will work on it, even looking as far as Portland, and I am too old and doufless, so it is going to go away,

Car is not for sale although I am thinking $40K value, however I am not really wanting opinions on that, but assuming that is a ballpark value, I am curious what it might be worth in 1,2, or 5 years. I have another Targa to bop around in, don't need the money, the only real down side to keeping it for an indefinite period is that my daily driver has to sit outside in the sometimes ugly N Idaho Winter, and even that is not a huge deal as I am a big-time homebody and rarely HAVE to be anywhere, (again, car is NOT for sale, (yet)),

Future value opinions?

[specialtyoneinc]

Small market for a Targa Hotrod. You won't see a huge change in pricing in 5 years IMO. The original, low mileage cars will always be the hot ticket. Prices have doubled in the past 1 1/2 year so I don't see that trend continuing... even for the middies.

[Brokentoy]

I live just up the road from you, and have a 74 in the mix.
I am constantly aware that the current market is unsustainable, and if/when it pops I will have lost a bundle.
I hope that day comes anyway. I enjoy these cars less and less the more expensive they become.
If I could find a local coupe with some patina, I'd drive it all year. Cant do that in todays market though.
Parabolic Markets nearly ALWAYS crash…..eventually.
One of our local Porsche flippers thinks this pricing climb will continue. He refers to the 911 as tomorrow's Ferrari.
The production numbers just don't support that.
When the old guys like us go away, I'm not sure who will be buying up our collections.
Think about it, who wants a Packard anymore? That was yesterday's sports car to an even older generation.
I still love the 911. Hope my kids do.

[CountD]

Great to see people actually posting photos when they ask a question.

Awesome color, tail not so much. It's unusual to see a modified '74 Targa done with so much taste. I actually really like what you did with the color and the wheels, and I don't usually like non-stock wheels.

A stock '74 Targa is going to be worth more, IMHO, because it is the rookie card of the bumper Targas. I don't see it worth much more if any more than a really clean stock '74 Targa with an engine conversion. I think at $40k you are way pushing it.

It's not really a midyear in the sense that it has the sweet engine conversion, flares, wheels, etc. I bet it's a blast to drive, and I also bet it can't be done again for less than $40K, but if you find a number of a very clean '74 Targa and add the price of the motor you'll probably be where it needs to be.

Matt Monson should chime in here, because it was a '74 or '75 Targa that he originally wanted and he scoured the country looking for examples so he would really know what the deal is.

It's a really sweet car though, and without the tail it would completely do it for me.

[littleoldman]

IMHO it is Worth 40 all day as the parts are worth more than the whole.

Expect a market correction. And then in 5-10 yrs a modest 3-5% annual increase.

So in 10 years your car is worth 50k due to fluctuations and gradual increases.

There will always be a market for a drivable sports car as iconic as porsche.

Packards are not Porsches.

[Rick Brooklyn]

Originally Posted by littleoldman

Expect a market correction. And then in 5-10 yrs a modest 3-5% annual increase.

So in 10 years your car is worth 50k due to fluctuations and gradual increases.

Wow, I wish I had that level of forecasting ability.

[Nick Triesch]

Most looking for a 911 will pass because of the motor swap and other stuff you did to it.

[Matt Monson]

I agree with littleoldman, though I don't think there will be much of a market correction/contraction in prices.

I don't think the widebody or the engine swap dink this car as much as people are saying. Fewer buyers in the pool but the guys who want something like this will know they can't build it for this. JimTweet's 74 hot rod took a while to sell but went to Europe eventually.

[Mikey83835]

Originally Posted by specialtyoneinc

Prices have doubled in the past 1 1/2 year so I don't see that trend continuing... even for the middies.

That why I was cautious about selling it now, if prices double again in the next 2 years, I would be kicking myself, haha, It does not seem likely to me either but when I look at Speedster, 356, longhood 911S prices, good grief,

[Matt Monson]

The middies were the last IB 911 to pop in price and when they did their percentage gains on paper were the highest even though they are generally still behind their younger brothers in value unless it's a Carrera. But I don't see any of them tanking.

People generally did not, and will not be buying these cars on credit. If the market contracts most people will shrug their shoulders and keep driving their $30-40k that just lost 5 or 10%. The run up is pretty much over and if you've owned a car a while and want to sell it, do so without any fear that you are leaving money on the table. If $30-40k makes a difference in your lifestyle, I'm pretty confident it will earn more in the market in the next 5-10 years than in your garage.

[COLB]

Originally Posted by Mikey83835

That why I was cautious about selling it now, if prices double again in the next 2 years, I would be kicking myself, haha, It does not seem likely to me either but when I look at Speedster, 356, longhood 911S prices, good grief,

Have prices doubled in the last 2 years?

Maybe since 2012 they have -- but that is 4 years.

Personally, I think parking a car like that for 5+ years is a dubious decision.

Whatever you gain in appreciation -- assuming it even appreciates -- is going to be eroded by inflation, and the costs entailed in long-term storage and subsequent re-awakening out of cold storage. Parked cars don't age gracefully.

Then there is the opportunity cost of parking $30-40k.

If it isn't an heirloom, or a possession of significant emotional value, I'd recommend selling it over parking it for 5 years.

[CountD]

Originally Posted by COLB

Have prices doubled in the last 2 years?

Maybe since 2012 they have -- but that is 4 years.



Whatever you gain in appreciation -- assuming it even appreciates -- is going to be eroded by inflation, and the costs entailed in long-term storage and subsequent re-awakening out of cold storage. Parked cars don't age gracefully.

This is true. It started in 2012 - it's going to be 4 years come summer. Parked cars are a headache. Any 911 that gets parked for this amount of time is a serious undertaking to wake it from its slumber. The job is huge. And so are the number of replacement parts when it all dries out. As much as I would like a '74 Targa to increase like a longhood or a Speedster (as I have a '75) this is an incredible, incredible long shot. Especially one that has been modified.

[robertebarnard]

This appears to be a genuine early Carrera or Turbo tail. It looks identical to the one on my 75 Carrera Targa. I think it looks great especially in relation to the flares, wheels and color! I personally think the midis are slightly weak on power with the 2.7 so this with the 3.6 rings the right bells. In my opinion a range of 35-40 is an accurate value today. I forecast no price appreciation for the next five years. I am a certified Porsche nut and with the recent run up in prices I have been looking at the newer Porsches and what is available for similar money. Think 996 turbos!

[Mikey83835]

Originally Posted by COLB

Have prices doubled in the last 2 years?

Maybe since 2012 they have -- but that is 4 years.

2, 3, or 4 years, just trying to define "near future",

See my signature also, I sold my '61 Roadster and my '71 "S" just before prices went through the roof, so am leery about skrewing up again, haha,

Another pic,

[Macroni]

Hot rod Targas are a very tough sell. I sold one last spring that was the peaches, extremely well sorted in need of minor housekeeping (Radio broken). Limited market appeal even as a long hood; do not expect much appreciation.

[ASD]

Opinions are like...well you know ...
A lot of owners got caught when the market on their VW split window buses went sky high.
Now the oval window beetles are heading up strong.
Pre mid 70s Porsches are super sellable.
SC models are touted as best collectible drivable sports cars all over the place.
Also stated as most reliable P car and best for a new Porsche owner.

So that makes a case for future prices to continue to rise..maybe not double every few years, but I personally am waiting before I sell mine....at least 5 years anyway..before my wife does as she has told me..bury me in it.
.

[NYNick]

Targas, Targas, Targas. For the love of God, there are a million of them for sale every day.
Well, maybe not a million, but you get my drift.

[ASD]

I thought Targas were more desirable lately? I had an 80 and thought it was a lot of fun. But I do like the lines of my no sunroof coupe better

[David Borden]

Originally Posted by Mikey83835

Man, beautiful car... Im not much of a targa guy, but I really like the look of yours. Nicely done.

David

[Matt Monson]

Originally Posted by ASD

I thought Targas were more desirable lately? I had an 80 and thought it was a lot of fun. But I do like the lines of my no sunroof coupe better

Its an argument as old as the internet. For many years Bruce Anderson placed targas higher while enthusiast forums always sung the praises of coupes. I think its mostly a wash. Equal cars same condition same year same rough price. Targa guy will shop for a Targa. Coupe guy will shop for a coupe. I was shopping for a Targa and bought a coupe. I've seen many threads with a guy introducing his new Targa who was shopping for a coupe first.