BaT poor result for rare car

[93097004xx]

Yes it has 170,000 miles. Yes it needs a $25,000 engine rebuild.

But ebay would have brought a better result.

Just a bad result. Why do people keep using BaT?

1989 Porsche 911 Turbo 5-Speed | Bring a Trailer



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[Jeff NJ]

I respectfully disagree.

Why is 64k for a high mileage car with a beat motor a poor result? I wouldn't even pay that. What do you think it is worth?

BaT consistently brings good money for good cars. This isn't one of them.

[-Levi-]

^^ jeff nailed that on the head. I agree 100%

[Macroni]

I also agree with Jeff. High Mileage and need of rebuild are major hurdles. What is the price of a quality rebuild; $40,000? The next issue is mileage related maintenance; how much is needed?

[Jeff NJ]

I just read the BaT thread. Its not original paint either...

[mulsanne79]

I think any rare car takes a hard hit when it has this many miles on the odometer. Unless, of course, it's a car that should be restored. Like any of the 50's and 60's cars.. Then the mileage does not really matter.

Rare, high priced cars, will not go to your next door Johnny but usually to the collectors and people that can simply afford to pay $150k. And they want simply the best. To them, '89 930 with this many miles is not really appealing no matter what the cost is. Trust me, I know. I have met plenty of them doing what I do, and I know their mindset. "Least miles possible, original paint, bone stock, records."

Someone like myself would be happy with any 930.. I don't have the money to pay the difference just so I can have one extra gear to shift into. So would I buy this 5-speed with 160K miles and in need of engine rebuild for $65K? Heck no. There are plenty earlier models with 50-70k miles for little bit more with lot less wear and no motor rebuild needed.

So the bottom line is, that this '89 car is really not going to bring much extra than any other similar 930. Maybe $10-$15k more.. But that's about it.

[specialtyoneinc]

Originally Posted by 93097004xx

Yes it has 170,000 miles. Yes it needs a $25,000 engine rebuild.

But ebay would have brought a better result.

Just a bad result. Why do people keep using BaT?

1989 Porsche 911 Turbo 5-Speed | Bring a Trailer



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Did you eat paint chips as a kid?

[Mehoff]

I usually think 930xx is completely disconnected from reality on the valuation assumptions of his beloved 930's, but on this one I've got to agree. These are special cars, and while certainly not a collector piece, I'd have to think $110k with a fresh motor is very reasonable (would make this car work about $85-90k). One year car with a very distinctive and important difference from other 930's should hold value well.....I'd argue significantly better than the non-intercoolered cars.

Part of it could be the flippers and dealers have been burned lately by these cars. Thinking driver 930's are $100k cars is probably bleeding money from this unsophisticated group. Fingers crossed, but trends could put these things back into the $60's before year end as transaction volume has cratered due to bid ask gap. Come on seller capitulation!!!

[93097004xx]

Originally Posted by Mehoff

I usually think 930xx is completely disconnected from reality on the valuation assumptions of his beloved 930's, but on this one I've got to agree. These are special cars, and while certainly not a collector piece, I'd have to think $110k with a fresh motor is very reasonable (would make this car work about $85-90k). One year car with a very distinctive and important difference from other 930's should hold value well.....I'd argue significantly better than the non-intercoolered cars.

Part of it could be the flippers and dealers have been burned lately by these cars. Thinking driver 930's are $100k cars is probably bleeding money from this unsophisticated group. Fingers crossed, but trends could put these things back into the $60's before year end as transaction volume has cratered due to bid ask gap. Come on seller capitulation!!!

I don't see that happening. Folks are more than ready to pay $40,000 $50,000 even $60,000 for 911S,SC,Carreras that they made 10Xs as many than 930s.

But yes BaT seems to be slowing down a little.
I've noticed that cars from $20,000 to $50,000 sell pretty good. Cars $100,000 or more really struggle.

[specialtyoneinc]

Originally Posted by 93097004xx

I don't see that happening. Folks are more than ready to pay $40,000 $50,000 even $60,000 for 911S,SC,Carreras that they made 10Xs as many than 930s.

But yes BaT seems to be slowing down a little.
I've noticed that cars from $20,000 to $50,000 sell pretty good. Cars $100,000 or more really struggle.

Agreed. BAT has saturated their platform. Too many cars the past couple of month with their $49 listing fee promotion. You really have to have something special (check out the M5 Wagon that just sold) if you are looking to get top dollar regarding 6 figure cars.

[Rawknees'Turbo]

Originally Posted by specialtyoneinc

Did you eat paint chips as a kid?

"Did"?!?! As in past tense?!?!

[SalParadise]

Originally Posted by 93097004xx

Yes it has 170,000 miles. Yes it needs a $25,000 engine rebuild.

But ebay would have brought a better result.

Just a bad result. Why do people keep using BaT?

1989 Porsche 911 Turbo 5-Speed | Bring a Trailer



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So, $64,000 + $25,000 = $89,000 for a car that will always have 170,000 miles and a poor paint job.

I would have taken that $64K and ran. I think it's a fair result. I would have never gotten into the ring with that car and collectors were smart not to drive it higher, plus they wouldn't go near a car like this with so many needs anyhow.

[93097004xx]

Originally Posted by SalParadise

So, $64,000 + $25,000 = $89,000 for a car that will always have 170,000 miles and a poor paint job.



I would have taken that $64K and ran. I think it's a fair result. I would have never gotten into the ring with that car and collectors were smart not to drive it higher, plus they wouldn't go near a car like this with so many needs anyhow.

Goes back to my theory that BaT are not collectors they are enthusiasts wanting to drive these cars not collect them. That's why the ceiling seems to be $100,000.

Here is what the enthusiasts miss about this car..

They only made 600.

Who cars what condition the car is in.

Again they only made 600.

A concourse level 89 930 can command $200,000.

Who cares if you have a $120,000 tied up in this 930 after you totally overhaul mechanically and repaint the exterior/ reupholster the interior.

At that point it's affectively new.




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[Rawknees'Turbo]

^^^

The enthusiast doesn't "miss" that the car was made in low volume, but simply does not care about goofy, egg-head stuff like that.

[G450X]

Originally Posted by mulsanne79

I think any rare car takes a hard hit when it has this many miles on the odometer. Unless, of course, it's a car that should be restored. Like any of the 50's and 60's cars.. Then the mileage does not really matter.

Rare, high priced cars, will not go to your next door Johnny but usually to the collectors and people that can simply afford to pay $150k. And they want simply the best. To them, '89 930 with this many miles is not really appealing no matter what the cost is. Trust me, I know. I have met plenty of them doing what I do, and I know their mindset. "Least miles possible, original paint, bone stock, records."

Someone like myself would be happy with any 930.. I don't have the money to pay the difference just so I can have one extra gear to shift into. So would I buy this 5-speed with 160K miles and in need of engine rebuild for $65K? Heck no. There are plenty earlier models with 50-70k miles for little bit more with lot less wear and no motor rebuild needed.

So the bottom line is, that this '89 car is really not going to bring much extra than any other similar 930. Maybe $10-$15k more.. But that's about it.

Well stated, I don't feel that most collectors want a near 200k mile car that has other issues, they will simply pay more for a better example - and it's red!

[Rawknees'Turbo]

Originally Posted by mulsanne79

Someone like myself would be happy with any 930.. I don't have the money to pay the difference just so I can have one extra gear to shift into. So would I buy this 5-speed with 160K miles and in need of engine rebuild for $65K? Heck no. There are plenty earlier models with 50-70k miles for little bit more with lot less wear and no motor rebuild needed.

An interesting, side-bar detail about the g50 used in 1989 is that if you increase the engine's horsepower much (which many people do, considering it is relatively easy to add around 100hp with bolt-on gear, and the car is a much improved machine then), then you are back to having a 4 speed, as 1st gear becomes all but useless.

[ohenryinatlanta]

poor result or the crack pipe has been put down.....

cause there is a line of people willing to pay six figures for a 170k mile car with needs.......

[sugarwood]

It's a dealer/flipper, so that always taints the deal a bit.

Ad says nothing about a rebuild.
Where was it disclosed that it necessarily needs an engine rebuild?
Or is that being assumed based on the mileage?
If so, at what mileage does the peanut gallery automatically bake in the price of a rebuild?

Are the '70s Turbos worth more or less than the '80s Turbos?

$65k does not seem unreasonable, as there have been a handful with much fewer miles sold in that general price range

1987 Porsche 911 Turbo | Bring a Trailer
1986 Porsche 911 Turbo | Bring a Trailer
1986 Porsche 911 Turbo 5-Speed | Bring a Trailer

[Rawknees'Turbo]

Woody, the turbo engines wear more quickly than non-turbo versions due primarily to additional heat . . . really can't say exactly how much mileage equals an engine overhaul, but I've never heard of valves, valve guides, etc. still being usable much past 100K miles - typically much less (like around 70K miles) is more the norm with these engines.

Also, the absolutely stupid design of the turbocharger, oil scavenge system (sends oil that passes through the turbo directly back to the main oil tank, where it then gets pumped to the crank and cams without being filtered first), adds to this as coke particles plug up the cam spray bars and cause a lot of problems . . . made worse by owners who are too cheap to use synthetic oil or don't follow the recommended, engine shut off procedure.

[1979-930]

You all missed one important point. A 930 was actually driven! It was owned and enjoyed for 170,000miles. Awesome!


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