JMG 930 on eBay
Discussion
Just seen Jon Mitchell has stuck his fire damaged 930 up on the bay:
http://m.ebay.co.uk/itm/281305503911
Lots of work gone into it, must have been gutting to see it damaged.
http://m.ebay.co.uk/itm/281305503911
Lots of work gone into it, must have been gutting to see it damaged.
I know they've rocketed but £30k for a fire damaged one! 
About 6 years ago my mate offered me his 1986 930. Guards red with linen interior. Really mint car which he paid about £23k for. Another mate with a bodyshop had given it a great windows out respray for him, to get it perfect.
Anyway, I could have had it for £16k but hated the gearbox so I bought a 964 Turbo instead. Another guy from my home town bought it for £13500! He's just been offered £28k from a trader but he's decided to keep it.
I keep toying with offering him a swap for my GT3, but then I remember I hate the 'box, the lag, the brakes and it's done 125000 miles and hasn't had a rebuild yet. It looks stunning though. Pops into my mind whenever I read about them.
Must stay strong though.
I'd rather pay £35k for that than £30k for the one in this thread though.
About 6 years ago my mate offered me his 1986 930. Guards red with linen interior. Really mint car which he paid about £23k for. Another mate with a bodyshop had given it a great windows out respray for him, to get it perfect.
Anyway, I could have had it for £16k but hated the gearbox so I bought a 964 Turbo instead. Another guy from my home town bought it for £13500! He's just been offered £28k from a trader but he's decided to keep it.
I keep toying with offering him a swap for my GT3, but then I remember I hate the 'box, the lag, the brakes and it's done 125000 miles and hasn't had a rebuild yet. It looks stunning though. Pops into my mind whenever I read about them.
Must stay strong though.
I'd rather pay £35k for that than £30k for the one in this thread though.
Hi Chaps,
I have owned the car for the last two years and always intended on restoring her to keep her. But to be honest, after two years all we managed to find the time to do was service her and take her for an occasional run to stop things going to pot.
Last summer I was critically ill in hospital and after years of mad Porsche collecting I had a moment of clarity and decided I had to thin down my car collection from the 27 Porsche that I had accumulated over the last 20 something years. I am not sure if it was a few weeks without exhaust fumes, the morphine or the pure oxygen being fed up my nose, but it is more likely down to opening my post to find 4 DVLA fines for not registering cars as SORN which tipped the scales and realising the logistical nightmare of administering that many cars as a hobby!
So it has been in the back of my mind for ages that I needed to sell this 930, it has been advertised in a dark corner of the company website for a while for just short of £24k with only 5 serious enquiries that I know of and a couple of those were regular customers, and one guy was close to buying it but his deposit cheque bounced on monday morning and his business address seems to have closed up shop.
So I compiled a spreadsheet of the cars on Pistonheads classifieds, found only 10 cars for sale which are 930's with prices ranging from £42k to £60k, with 4 of those 10 cars being priced at £60k... God knows if those cars will sell. Maybe they will, maybe they will still be there in months to come.
So, after a lot of thought I decided that there was no way of knowing what the car is worth, as there is no baseline to judge it. So I decided that I would put it on ebay and let the crowd decide the price rather than advertise it for a figure that I have just plucked out of the air.
Why £30k as a buy it now?? Well, I thought to myself, if during the course of the auction, if someone offered me a set amount for the car, what price would I be prepared to break the terms of service for ebay for and take the money.. £30k is it, so I set the buy it now price at £30k.. If someone pays £30k then so be it, thats the end of the auction and I will be happy that the game was fair.
If any of you check out the company website and look in the cars for sale section in the "projects area" you will see the 930 ad, in that ad I do mention that I do not know what value to put on it, but I would not accept £10k for it, but at the same time I do not expect to see £40k for it.. but somewhere between the two there is a deal to be made, and that is the truth of the matter.
Some might say that I am mad for selling her at all, that prices will keep going up.. But for me I just want to see her go to someone who will do something with her and of course, I want to make sure I get as much as I can for her, anyone who does not want the same thing is completely bonkers in my opinion!
I started the Auction at £1 within just a few hours and yet 7 days to go she has topped £16k.. If she goes no higher, then that is the market value and I will be happy with it, because THAT will be the market value right now, the amount that someone is willing to pay for it.
If someone hits the buy it now button and pays £30k for her then are they mad? I dont think so. You should come down to the workshop and take a look around her, she did not catch fire, she was not surrounded by fire. The building next door to where she was stored caught fire, her plastic silver halfords car cover melted onto her in big globs and blistered the paint in places and made it completely peel in others. But she is straight, she runs, she drives and inside she just looks like any other 930. Even the door and window rubbers have not even distorted.
About 18 months ago I had the local Porsche approved bodyshop at the time, Jesties, quote for repainting her and sorting out the rust blisters under one of the headlights, their price for a complete respray, as long as we removed the glass, bumpers and trims would have been £4k plus VAT. So my reasoning, £4k on paint, pay someone £1k to strip the glass and trim and put it back again after the respray, and spend £1k on replacement rubbers where the old ones would let down the fresh paint, would make it at least stand head and shoulders with the others for sale, even at the low end of the market at £45k (which would not have fresh paint) would mean that even with a £30k BIN someone would still end up with a 930 costing less than market value.
Then there is something else to keep in mind, this 930 has had some serious money spent on it, my guess, without servicing and maintenance, the previous owner spent £18k on her for improvements, which may not be a purists cup of tea, but we are talking £3k on the exhaust alone with a FabSpeed as an example, and in the price, if this spec is not to the buyers tastes, I will happily convert it all back to standard and keep the tuned parts.
Trantorman, when did you enquire? I know the names of the people who enquired about her, and have checked your profile and it does not ring bells with me. I must appologise for any loss of communication, however I have been in and out of work lately with ongoing health issues. If you would like to pop into the workshop and see the car and its history file, if you would like to talk to someone, get in touch.
When I listed the car, I had no idea how the bidding would go, but I have been very happy with how it has gone, if it gets no more than it is at now, I will not be unhappy. With my new philosophy with cars, it is one less car to worry about.
And for the guy who mentioned the rat-look and he would drive it around as it is, the thought did cross my mind, but some of my customers are purists and would probably murder me for the fact that this car has the modifications that is has.. Let alone what they would do to me for driving one around looking how it does... But if I did not own a Porsche specialist garage, I would certainly do exactly that, nothing more satisfying than out pacing much more modern machinery in a 32 year old car which looks like it has driven through the depths of hell!!
As for sanity.. No one can judge what is mad and not mad in this world. Is it mad to buy a car for £20k, £25k or £30k which will cost less than the ones on the market to have in good condition, and yet will continue to rise in value... Or is mad the person who walks into a main dealer and buys a £30k BMW which very soon afterwards will be worth £10k??
If anyone had asked me yesterday if I expected anyone to click the £30k buy it now button on the car, I would probably have said "hell no, thats the crazy I must have that car button!".. But today, as Benjj mentioned, the way the bidding has gone already, anything is possible.. Lets face it, they are not making any more of these 930's and 50% of the ones which lived in the UK a few years ago now live in Australia, Hong Kong and Japan, many of which will never see more than the inside of an air conditioned garage from here on in, let alone be sold again.
And £100k for a 911 Turbo restoration???? Where is that at?? I need to stop pushing the servicing and modification work and take up 911 restoration!
Anyway, lovely to see all your comments, hopefully you will play nicely with whoever buys it, they might not understand the funny piston-heads banter and testosterone. It puts a smile on my face, but I bet not everyone gets it. And I hope you take my comments in the same way, I'm not angry or annoyed with anyone here, I am just happy the auction has not passed with no one showing any interest at all!!
And if you keep an eye on the auction, you will realise I what my expectations of the selling price was when you see the "reserve price not met" bid vanish, as it is very close as it is, beyond that point it sells for whatever it sells for... Oh sod it.. The reserve is £20k. Any less than that and I can think of better things to do with a 930 than sell it to a stranger.
All the best
Jon
I have owned the car for the last two years and always intended on restoring her to keep her. But to be honest, after two years all we managed to find the time to do was service her and take her for an occasional run to stop things going to pot.
Last summer I was critically ill in hospital and after years of mad Porsche collecting I had a moment of clarity and decided I had to thin down my car collection from the 27 Porsche that I had accumulated over the last 20 something years. I am not sure if it was a few weeks without exhaust fumes, the morphine or the pure oxygen being fed up my nose, but it is more likely down to opening my post to find 4 DVLA fines for not registering cars as SORN which tipped the scales and realising the logistical nightmare of administering that many cars as a hobby!
So it has been in the back of my mind for ages that I needed to sell this 930, it has been advertised in a dark corner of the company website for a while for just short of £24k with only 5 serious enquiries that I know of and a couple of those were regular customers, and one guy was close to buying it but his deposit cheque bounced on monday morning and his business address seems to have closed up shop.
So I compiled a spreadsheet of the cars on Pistonheads classifieds, found only 10 cars for sale which are 930's with prices ranging from £42k to £60k, with 4 of those 10 cars being priced at £60k... God knows if those cars will sell. Maybe they will, maybe they will still be there in months to come.
So, after a lot of thought I decided that there was no way of knowing what the car is worth, as there is no baseline to judge it. So I decided that I would put it on ebay and let the crowd decide the price rather than advertise it for a figure that I have just plucked out of the air.
Why £30k as a buy it now?? Well, I thought to myself, if during the course of the auction, if someone offered me a set amount for the car, what price would I be prepared to break the terms of service for ebay for and take the money.. £30k is it, so I set the buy it now price at £30k.. If someone pays £30k then so be it, thats the end of the auction and I will be happy that the game was fair.
If any of you check out the company website and look in the cars for sale section in the "projects area" you will see the 930 ad, in that ad I do mention that I do not know what value to put on it, but I would not accept £10k for it, but at the same time I do not expect to see £40k for it.. but somewhere between the two there is a deal to be made, and that is the truth of the matter.
Some might say that I am mad for selling her at all, that prices will keep going up.. But for me I just want to see her go to someone who will do something with her and of course, I want to make sure I get as much as I can for her, anyone who does not want the same thing is completely bonkers in my opinion!
I started the Auction at £1 within just a few hours and yet 7 days to go she has topped £16k.. If she goes no higher, then that is the market value and I will be happy with it, because THAT will be the market value right now, the amount that someone is willing to pay for it.
If someone hits the buy it now button and pays £30k for her then are they mad? I dont think so. You should come down to the workshop and take a look around her, she did not catch fire, she was not surrounded by fire. The building next door to where she was stored caught fire, her plastic silver halfords car cover melted onto her in big globs and blistered the paint in places and made it completely peel in others. But she is straight, she runs, she drives and inside she just looks like any other 930. Even the door and window rubbers have not even distorted.
About 18 months ago I had the local Porsche approved bodyshop at the time, Jesties, quote for repainting her and sorting out the rust blisters under one of the headlights, their price for a complete respray, as long as we removed the glass, bumpers and trims would have been £4k plus VAT. So my reasoning, £4k on paint, pay someone £1k to strip the glass and trim and put it back again after the respray, and spend £1k on replacement rubbers where the old ones would let down the fresh paint, would make it at least stand head and shoulders with the others for sale, even at the low end of the market at £45k (which would not have fresh paint) would mean that even with a £30k BIN someone would still end up with a 930 costing less than market value.
Then there is something else to keep in mind, this 930 has had some serious money spent on it, my guess, without servicing and maintenance, the previous owner spent £18k on her for improvements, which may not be a purists cup of tea, but we are talking £3k on the exhaust alone with a FabSpeed as an example, and in the price, if this spec is not to the buyers tastes, I will happily convert it all back to standard and keep the tuned parts.
Trantorman, when did you enquire? I know the names of the people who enquired about her, and have checked your profile and it does not ring bells with me. I must appologise for any loss of communication, however I have been in and out of work lately with ongoing health issues. If you would like to pop into the workshop and see the car and its history file, if you would like to talk to someone, get in touch.
When I listed the car, I had no idea how the bidding would go, but I have been very happy with how it has gone, if it gets no more than it is at now, I will not be unhappy. With my new philosophy with cars, it is one less car to worry about.
And for the guy who mentioned the rat-look and he would drive it around as it is, the thought did cross my mind, but some of my customers are purists and would probably murder me for the fact that this car has the modifications that is has.. Let alone what they would do to me for driving one around looking how it does... But if I did not own a Porsche specialist garage, I would certainly do exactly that, nothing more satisfying than out pacing much more modern machinery in a 32 year old car which looks like it has driven through the depths of hell!!
As for sanity.. No one can judge what is mad and not mad in this world. Is it mad to buy a car for £20k, £25k or £30k which will cost less than the ones on the market to have in good condition, and yet will continue to rise in value... Or is mad the person who walks into a main dealer and buys a £30k BMW which very soon afterwards will be worth £10k??
If anyone had asked me yesterday if I expected anyone to click the £30k buy it now button on the car, I would probably have said "hell no, thats the crazy I must have that car button!".. But today, as Benjj mentioned, the way the bidding has gone already, anything is possible.. Lets face it, they are not making any more of these 930's and 50% of the ones which lived in the UK a few years ago now live in Australia, Hong Kong and Japan, many of which will never see more than the inside of an air conditioned garage from here on in, let alone be sold again.
And £100k for a 911 Turbo restoration???? Where is that at?? I need to stop pushing the servicing and modification work and take up 911 restoration!
Anyway, lovely to see all your comments, hopefully you will play nicely with whoever buys it, they might not understand the funny piston-heads banter and testosterone. It puts a smile on my face, but I bet not everyone gets it. And I hope you take my comments in the same way, I'm not angry or annoyed with anyone here, I am just happy the auction has not passed with no one showing any interest at all!!
And if you keep an eye on the auction, you will realise I what my expectations of the selling price was when you see the "reserve price not met" bid vanish, as it is very close as it is, beyond that point it sells for whatever it sells for... Oh sod it.. The reserve is £20k. Any less than that and I can think of better things to do with a 930 than sell it to a stranger.
All the best
Jon
IMI A said:
SEE YA said:
Yes the values, have shot up in the last few years.
Prices have not increased that much and I don't see any liquidity at these inflated turbo prices. Slades just reduced their very nice looking grey 89 G50 turbo from £65k to £59k after 12 months. If Slades really wanted to sell that car its never more than £45-£50k IMOChancers are out trying to sell rust buckets and fire damaged tat for £20-30k. And then there's Wendy God bless her in Scotland selling literally a bent cat d SSE for £15k - she must be a Presbyterian as its a brilliantly honest advert!
Lots of cars like this being sold for £20-30k unfortunately http://forums.pelicanparts.com/porsche-911-technic...
Edited by IMI A on Tuesday 8th April 23:34
My insurance company has my one valued at £40k.
It's another example, on how the classic car has changed A/C Porsche are holding up quite well.
If you look around Boxster £3k-£5k and a few other models are dropping fast.
Goodluck to Jon, I think people cannot believe how the market has changed in the last few years.
When a 930's that need work etc, are going for so much money. When a while back you could buy one in good condition for the £20k's. Those days are long gone.IMO
Many owners do not look after them, things like shock's top end work, bushes etc, are often overlooked hence so many worn 930's turn up for sale.
The 930 is a icon in the Porsche world, but its a small market for a seller and buyer. People will always be interested in them for that same reason.
Edited by SEE YA on Wednesday 9th April 07:59
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