1972 911T at Silverstone Auction

1972 911T at Silverstone Auction

Author
Discussion

Paracetamol

4,226 posts

245 months

Thursday 7th January 2016
quotequote all
I wanted to add an early 911 to my collection.

Having looked at the various years and models I decided the sweet spot in terms of value were the 72 cars.

Why? They all have the same 2.4 engine (more or less) and the outside oil filler makes them fairly unique. They have slim bumpers and no overriders etc (US). The 'S' model is now stratospheric and being a classic car I knew that performance was less important than condition; good looks and the feel good factor that only a pre 90's car can provide...so a T would be perfectly adequate.

I couldn't find a good E and settled for a T. I decided I wanted a straight car that would need cosmetic restoration. The only place for such a car was the USA. I bought this lovely 72 T for $65k. US 'T' have a mechanical fuel injection system. Its not a responsive as a carb set up I am told but feels great to me. 2 owners, full history (every invoice since new!) factory AC and solid as a rock.

The COA confirms that the car has the same engine and gearbox it left the factory with and it was built with S suspension, brakes and body items. The only negative (or positive) is that the car was originally speed yellow (kind of an orange) and was painted red way back when (including engine compaerment. You can see traces of the original colour and intend to put it back to that.

The floor is lovely and original and not a hint of rust and I intend to clean it off and keep it as is.

The paintwork is ok and done around 25 years ago but not a single rust bubble in sight. Interior was originally brown leahterette but I will install a nice black interior when the time comes.

Also I have sourced new EU headlamps and this will improve the looks of the car no end!

Why post on this thread. Point is the UK car will need alot of work. Typically a car will take around 1200 hours plus parts to put right (incl mech and paint interior etc). That's a full strip and rebuilding of all components. At GBP 50 per hour plus vat. that is 72k GBP in labour. If you can find a better hourly rate you may get away with 55k. Add GBP 15k for parts

Once you are in to it you are into it - no escape.

On a solid car needing cosmetic resto and mechanical recommissioning you may look to spend around GBP 20-25k. I have never ever seen an EU car needing just cosmetic restoration but have seen (and purchased!) many US cars from dry states needing just that. These are by far the best cars to find and restore.











Edited by Paracetamol on Thursday 7th January 08:47

kitesurfer2

186 posts

174 months

Thursday 7th January 2016
quotequote all
If anyone wants a really nice '73, mine is coming up for sale on Pistonheads soon.
It is a fully sorted dry state car and needs nothing. I am looking for around £69k











If anyone is interested in more info, see http://cars.paul-lodey.com/cars/1973-24-911t-coupe

hornbaek

3,676 posts

236 months

Thursday 7th January 2016
quotequote all
Nice pictures of some great classic cars. Owning two classic cars the lesson I have learnt is pretty straight forward. To make a high quality restoration of any car costs pretty much the same. Which means, that if you start with a cheap car the proportion of the cost of restauration to the overall value of the car can be very high (and in many cases higher than the total market value of the finished product). So in many cases it is simply not economical to go through a nuts and bolts restauration on a car unless it is a very valuable car or you simply love the car and intend to keep it for a long period of time. There are only two stages where you can be sure of the outcome of any restauration costwise. Either you buy a wreck which needs a body off nuts and bolts restauration or you buy a concours model. Everything in between is a potential pittfall. I have tried both and could tell a couple of tales as well. Fortunately values for classic cars have continued to go up so writing big cheques have been more or less compensated by the rise in value but that is not always going to be the case and only applies to certain sought after models and marques.

hot66

695 posts

218 months

Thursday 7th January 2016
quotequote all
Paracetamol said:
I wanted to add an early 911 to my collection.

Having looked at the various years and models I decided the sweet spot in terms of value were the 72 cars.

Why? They all have the same 2.4 engine (more or less) and the outside oil filler makes them fairly unique. They have slim bumpers and no overriders etc (US). The 'S' model is now stratospheric and being a classic car I knew that performance was less important than condition; good looks and the feel good factor that only a pre 90's car can provide...so a T would be perfectly adequate.

I couldn't find a good E and settled for a T. I decided I wanted a straight car that would need cosmetic restoration. The only place for such a car was the USA. I bought this lovely 72 T for $65k. US 'T' have a mechanical fuel injection system. Its not a responsive as a carb set up I am told but feels great to me. 2 owners, full history (every invoice since new!) factory AC and solid as a rock.

The COA confirms that the car has the same engine and gearbox it left the factory with and it was built with S suspension, brakes and body items. The only negative (or positive) is that the car was originally speed yellow (kind of an orange) and was painted red way back when (including engine compaerment. You can see traces of the original colour and intend to put it back to that.

The floor is lovely and original and not a hint of rust and I intend to clean it off and keep it as is.

The paintwork is ok and done around 25 years ago but not a single rust bubble in sight. Interior was originally brown leahterette but I will install a nice black interior when the time comes.

Also I have sourced new EU headlamps and this will improve the looks of the car no end!

Why post on this thread. Point is the UK car will need alot of work. Typically a car will take around 1200 hours plus parts to put right (incl mech and paint interior etc). That's a full strip and rebuilding of all components. At GBP 50 per hour plus vat. that is 72k GBP in labour. If you can find a better hourly rate you may get away with 55k. Add GBP 15k for parts

Once you are in to it you are into it - no escape.

On a solid car needing cosmetic resto and mechanical recommissioning you may look to spend around GBP 20-25k. I have never ever seen an EU car needing just cosmetic restoration but have seen (and purchased!) many US cars from dry states needing just that. These are by far the best cars to find and restore.











Edited by Paracetamol on Thursday 7th January 08:47
Just to note ......mfi is regarded as more responsive and to give more Bhp than the period available carbs ... There is a reason the S, RS and RSR used mfi

The mfi equipped 2.4t are great cars.






Edited by hot66 on Thursday 7th January 18:48

squirejo

794 posts

244 months

Thursday 7th January 2016
quotequote all
Congratulations Paracetamol, that looks lovely. My first early 911 was a US 2.4T on mfi, and very fond memories I have of it too. And to think what I paid for it in circa 1999.....

drmark

4,850 posts

187 months

Thursday 7th January 2016
quotequote all
My 2.2s took 700 hours before any paint or trim work.
Worth it though.

gary71

1,967 posts

180 months

Friday 8th January 2016
quotequote all
But you then sold it smile It was lovely!

squirejo

794 posts

244 months

Friday 8th January 2016
quotequote all
It still is. And now very shiny thanks to Autowaxworks at Bicester Heritage.


Edited by squirejo on Friday 8th January 21:55

roygarth

2,673 posts

249 months

Saturday 9th January 2016
quotequote all
Agree, 'dry state' is the way to go if possible.

My '72 911T. No rust/welding at all when re-painted. Original underneath and under bonnet etc.


roygarth

2,673 posts

249 months

Saturday 9th January 2016
quotequote all
kitesurfer2 said:
If anyone wants a really nice '73, mine is coming up for sale on Pistonheads soon.
It is a fully sorted dry state car and needs nothing. I am looking for around £69k











If anyone is interested in more info, see http://cars.paul-lodey.com/cars/1973-24-911t-coupe
That looks lovely, and very fairly priced.

Paracetamol

4,226 posts

245 months

Saturday 9th January 2016
quotequote all
roygarth said:
Agree, 'dry state' is the way to go if possible.

My '72 911T. No rust/welding at all when re-painted. Original underneath and under bonnet etc.

Great colour...could you post some more pics please

Paracetamol

4,226 posts

245 months

Saturday 9th January 2016
quotequote all
roygarth said:
kitesurfer2 said:
If anyone wants a really nice '73, mine is coming up for sale on Pistonheads soon.
It is a fully sorted dry state car and needs nothing. I am looking for around £69k











If anyone is interested in more info, see http://cars.paul-lodey.com/cars/1973-24-911t-coupe
That looks lovely, and very fairly priced.
I would go as far as to say you may be underpricing that.

roygarth

2,673 posts

249 months

Saturday 9th January 2016
quotequote all
Paracetamol said:
roygarth said:
kitesurfer2 said:
If anyone wants a really nice '73, mine is coming up for sale on Pistonheads soon.
It is a fully sorted dry state car and needs nothing. I am looking for around £69k











If anyone is interested in more info, see http://cars.paul-lodey.com/cars/1973-24-911t-coupe
That looks lovely, and very fairly priced.
I would go as far as to say you may be underpricing that.
I agree. If I didn't already have one, I'd be viewing it this weekend!


Edited by roygarth on Saturday 9th January 14:27

roygarth

2,673 posts

249 months

Saturday 9th January 2016
quotequote all