Prices 1975 2.7 - really!

Prices 1975 2.7 - really!

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Discussion

roygarth

2,673 posts

248 months

Wednesday 6th May 2015
quotequote all
g7jhp said:
roygarth said:
As did the 993RS which I bought for £35K 10 years ago…..
A 993 RS for £35k in 2005. Are you sure it wasn't longer?
Just checked - it was 11 years!

roygarth

2,673 posts

248 months

Wednesday 6th May 2015
quotequote all
EVO575 said:
Quite how the interior got into that state after only 55k miles and one careful owner though is a bit baffling.
Agree. Too much wear on seats and carpet. I would assume mileage is 155k miles unless its substantiated by paperwork.

Slippydiff

14,828 posts

223 months

Wednesday 6th May 2015
quotequote all
g7jhp said:
A 993 RS for £35k in 2005. Are you sure it wasn't longer?
Paid £34.5k for this back in 2004 .........


Crimp

909 posts

187 months

Wednesday 6th May 2015
quotequote all
Slippydiff said:
g7jhp said:
A 993 RS for £35k in 2005. Are you sure it wasn't longer?
Paid £34.5k for this back in 2004 .........

Bloody Hell Hindsight and all that............

Slippydiff

14,828 posts

223 months

Wednesday 6th May 2015
quotequote all
g7jhp said:
Fool and his money...


....one positive with this current increase in prices (trying not to say bubble) is that old Porsche are being restored which wasn't economically viable at lower values!
Fickle bunch ain'tcha ?

Bet if it looked like this :









and had a price tag of £200k, along with the very real possibility of it becoming the next best thing to the hallowed 2.7 RS (with a price tag to match in five years time) you'd be having a punt if you could afford it.....

Restore it back to its former glory in a decent colour, with a properly done period lightweight interior with some quality period buckets, it'd make a peach that would have many drooling.
Alas, all most of you see is the rotting carcass of the ugly duckling, not the swan it could be, your loss smash



wink


ian_uk

1,157 posts

211 months

Wednesday 6th May 2015
quotequote all
Restoring one is relatively simple if you are prepared to throw enough money at it and there is enough left on the table at the price being asked. The risk is whether a £180K - £200K restored figure holds water and whether the market continues to rise during the restoration or drops substantially. Depending on how you want to bet on the market this is no worse than most other classic Porsches currently for sale.

Psstt don't mention 1990.

Slippydiff

14,828 posts

223 months

Wednesday 6th May 2015
quotequote all
Crimp said:
Slippydiff said:
g7jhp said:
A 993 RS for £35k in 2005. Are you sure it wasn't longer?
Paid £34.5k for this back in 2004 .........

Bloody Hell Hindsight and all that............
http://www.jzmporsche.com/porsche-for-sale/911/lhd-993-rsl-for-sale-634

My red car was leggy on the miles back then, but wanted for nothing during my ownership, it was pretty much perfect.
No regrets about selling it, I moved onto 996 Mk1 GT3 (x4), 996 GT2 (X2) Gen 1 997 GT3 (X2) back to 964 RS (X4). Would I have stuck with the 993 RS for 11 years ? No chance, just like you Ed, variety is the spice of life when it come to cars !

rubystone

11,254 posts

259 months

Thursday 7th May 2015
quotequote all
Slippydiff said:
http://www.jzmporsche.com/porsche-for-sale/911/lhd...

My red car was leggy on the miles back then, but wanted for nothing during my ownership, it was pretty much perfect.
No regrets about selling it, I moved onto 996 Mk1 GT3 (x4), 996 GT2 (X2) Gen 1 997 GT3 (X2) back to 964 RS (X4). Would I have stuck with the 993 RS for 11 years ? No chance, just like you Ed, variety is the spice of life when it come to cars !
Amen brother. Not sure I'll ever find a 'keeper' much prefer to experience as much quality metal as I can...you're only on this earth once, right!

g7jhp

6,964 posts

238 months

Thursday 7th May 2015
quotequote all
Slippydiff said:
g7jhp said:
Fool and his money...


....one positive with this current increase in prices (trying not to say bubble) is that old Porsche are being restored which wasn't economically viable at lower values!
Fickle bunch ain'tcha ?

Bet if it looked like this :



and had a price tag of £200k, along with the very real possibility of it becoming the next best thing to the hallowed 2.7 RS (with a price tag to match in five years time) you'd be having a punt if you could afford it.....

Restore it back to its former glory in a decent colour, with a properly done period lightweight interior with some quality period buckets, it'd make a peach that would have many drooling.
Alas, all most of you see is the rotting carcass of the ugly duckling, not the swan it could be, your loss smash


wink
What's fickle. Spending £100k on an old rusty Impact Bumper does seem mad, even if it can be restored!

If you made it a decent colour, wouldn't you devalue it as it's non-original. Just seems a lot of cash for the car.

I'd prefer a mint 3.2 Carrera, 997 GT3 + £90k cash!

Bo_apex

2,562 posts

218 months

Friday 8th May 2015
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this rusty example might be worth an extra 20% next week, given the election results !

g7jhp

6,964 posts

238 months

Friday 8th May 2015
quotequote all
Bo_apex said:
this rusty example might be worth an extra 20% next week, given the election results !
It'll stay the same as there'll be 20% less of it at the rate rust eats 911's! biggrin

Bo_apex

2,562 posts

218 months

Friday 8th May 2015
quotequote all
g7jhp said:
It'll stay the same as there'll be 20% less of it at the rate rust eats 911's! biggrin
biggrin

mudy

874 posts

172 months

Friday 8th May 2015
quotequote all
Part of the sale blurb is that it's on it's original paint and panels - which is ridiculous as both are in bad condition - sills and kidney bowls you are looking at £2,500 a side minimum without paint, front wings are what £500 each? interior - another £3-5k? I bet the suspension is equally as ballsed, that's another £1,500, maybe a top-end - another £5,000? and after all that you are probably looking at a full respray at £10-15,000 approx?
Conservative restoration would be £30,000, but then you don't have an original paint, never been welded 911, you do however have a lovely, low-mileage zingy engined peach of a car but in not the most desirable colour.
On balance, at that price, I'd walk away.

g7jhp

6,964 posts

238 months

Friday 8th May 2015
quotequote all
mudy said:
Part of the sale blurb is that it's on it's original paint and panels - which is ridiculous as both are in bad condition - sills and kidney bowls you are looking at £2,500 a side minimum without paint, front wings are what £500 each? interior - another £3-5k? I bet the suspension is equally as ballsed, that's another £1,500, maybe a top-end - another £5,000? and after all that you are probably looking at a full respray at £10-15,000 approx?
Conservative restoration would be £30,000, but then you don't have an original paint, never been welded 911, you do however have a lovely, low-mileage zingy engined peach of a car but in not the most desirable colour.
On balance, at that price, I'd walk away.
Having restored a nice but slightly tired 3.2 Carrera I think you're underestimating the amount of work this needs which is hard to see until you've stripped it down.

Look at this (not my 3.2) car to get an idea of man hours of work.





mudy

874 posts

172 months

Friday 8th May 2015
quotequote all
Yes, well I was trying to be kind!
Beautiful work on yours - did it sell in the end?

P50

1,034 posts

163 months

Wednesday 20th May 2015
quotequote all
mudy said:
Part of the sale blurb is that it's on it's original paint and panels - which is ridiculous as both are in bad condition - sills and kidney bowls you are looking at £2,500 a side minimum without paint, front wings are what £500 each? interior - another £3-5k? I bet the suspension is equally as ballsed, that's another £1,500, maybe a top-end - another £5,000? and after all that you are probably looking at a full respray at £10-15,000 approx?
Conservative restoration would be £30,000, but then you don't have an original paint, never been welded 911, you do however have a lovely, low-mileage zingy engined peach of a car but in not the most desirable colour.
On balance, at that price, I'd walk away.
On one hand I think this is an utter nonsense at the outrageous reserve + repairs/resto and on another I think a high tide drags up all ships and dinghies.

Everything has gone through the roof and what is going to make prices crash?

The key word is CONFIDENCE and whilst we're a bunch old luddite cynics the rest of the world are merrily paying top dollar.

All to revealed on Saturday and perhaps the ultimate barometer as to the market....

roygarth

2,673 posts

248 months

Thursday 21st May 2015
quotequote all
mudy said:
Part of the sale blurb is that it's on it's original paint and panels - which is ridiculous as both are in bad condition - sills and kidney bowls you are looking at £2,500 a side minimum without paint, front wings are what £500 each? interior - another £3-5k? I bet the suspension is equally as ballsed, that's another £1,500, maybe a top-end - another £5,000? and after all that you are probably looking at a full respray at £10-15,000 approx?
Conservative restoration would be £30,000, but then you don't have an original paint, never been welded 911, you do however have a lovely, low-mileage zingy engined peach of a car but in not the most desirable colour.
On balance, at that price, I'd walk away.
£30k?! Double it.

IMIA

9,410 posts

201 months

Thursday 21st May 2015
quotequote all
Crimp said:
Slippydiff said:
g7jhp said:
A 993 RS for £35k in 2005. Are you sure it wasn't longer?
Paid £34.5k for this back in 2004 .........

Bloody Hell Hindsight and all that............
You're one to talk Crimp! GT2, G50 turbo, 3.6 Turbo......

g7jhp

6,964 posts

238 months

Thursday 21st May 2015
quotequote all
mudy said:
Yes, well I was trying to be kind!
Beautiful work on yours - did it sell in the end?
The example wasn't mine. That belongs to the guy who did the restoration and is still sitting at PS looking for a buyer at £80k after almost 9 months!

P50

1,034 posts

163 months

Thursday 21st May 2015
quotequote all
roygarth said:
£30k?! Double it.
That's what I was thinking.

People are getting a bit carried away with the 2.7RS connection here.

An IB 2.7 Carrera aint no RS and never will be.