1972 RS Touring.

[IMI A]

http://www.pistonheads.com/sales/3492795.htm

Amazing and a mate of mine who has virtually the same car was saying the balloon was about to burst when they hit £150k a few years ago. Not far off Carrera GT money.

[thegoose]

That's not even a dear one.

[IMI A]

True there's a one owner car owned by an ex Porsche race driver from new with circa 40k miles which was featured on here. Said he'd never sell it but it must be worth circa £300-£350k as an original car with that provenance.

I'm sure its all going to end in tears but I've been saying that since 2007!?

[bridey0]

IMI A said:

http://www.pistonheads.com/sales/3492795.htm

Amazing and a mate of mine who has virtually the same car was saying the balloon was about to burst when they hit £150k a few years ago. Not far off Carrera GT money.

If money's of no object then great cos it's not like u can go order one new anymore but u right the bubbles Gonna burst enormously and when they tumble so will 964rs's as well........Oh no here comes another panto style 'oh no they won't thread coming!!!!!

[seawise]

Trial by Pistonheads, yawn - sadly or happily depending on your perspective, values are now well beyond the influence of internet doom mongers.

[Geneve]

IMI A said:

True there's a one owner car owned by an ex Porsche race driver from new with circa 40k miles which was featured on here. Said he'd never sell it but it must be worth circa £300-£350k as an original car with that provenance.

I'm sure its all going to end in tears but I've been saying that since 2007!?

Are you referring to ex-F1 driver John Watson's RS?

Personally, I do think a lot of cars are over-valued at the moment, but the 'blue chip' classics - such as the very best 2.7RSs are a pretty safe investment.

Can't really comment on the advertised car - numbers seem to match but the market is discriminating, so it will need to be absolutely 'correct' throughout. And many prospective buyers would prefer to buy from one of the accredited RS specialists such as Maxted-Page. The very best cars don't appear in PH classifieds - in fact they don't even need to be advertised.

[IMI A]

No doom mongering just interest in the classic car market but my brain/logic keeps on telling me that these increases in value aren't sustainable. If I had the spare cash I'd buy one and use it for hill climbing etc.

I wonder what a 72 RS will be worth compared to an Carrera GT in 5 years ie which is the better investment today?.

I agree that as with many high end classic cars the best ones are not advertised and change hands behind the scenes through owners clubs, mates and brokers. The best ones do also get auctioned too. Famous radio dj's record breakingFerrari purchase springs to mind.

Hey ho back to masterminding how I make my fortune. One day Rodney!

[bridey0]

seawise said:

Trial by Pistonheads, yawn - sadly or happily depending on your perspective, values are now well beyond the influence of internet doom mongers.

You havnt thought to factor in global economic factors then!! DOH

[graemel]

bridey0 said:

seawise said:

Trial by Pistonheads, yawn - sadly or happily depending on your perspective, values are now well beyond the influence of internet doom mongers.

You havnt thought to factor in global economic factors then!! DOH

For us mere mortals, global economic factors yes. They talk about the gap widening between the haves and have nots. I don't know I am not qualified. What I do see is that there are still a lot of people out there with great wealth. I don't see the bubble bursting for blue chip classics like the 2.7RS. The economic conditions are very different from the 80's.

[seawise]

bridey0 said:

You havnt thought to factor in global economic factors then!! DOH

My friend there is plenty of cash out there, its just not available for the usual crappy equity products, high end classic and motorsport cars still have room to appreciate in the minds of many. 200k is a small risk for many, distasteful as that might sound. Look at the values of significant Ferraris and Astons, that bubble hasn't burst because fundamentals are very different today than the late eighties. Either way that wasnt my point, it was just that i'm tired of the nonsense spouted are values from keyboard self appointed experts.

[mollytherocker]

bridey0 said:

You havnt thought to factor in global economic factors then!! DOH

Values of cars in the league of the 2.7RS are unaffected by Global economics. In my opinion, they have more in common with gold and art.

Ironically, the current financial climate may even be having a positive effect on values.

MTR

Edited by mollytherocker on Friday 30th December 23:19

[bridey0]

seawise said:

My friend there is plenty of cash out there, its just not available for the usual crappy equity products, high end classic and motorsport cars still have room to appreciate in the minds of many. 200k is a small risk for many, distasteful as that might sound. Look at the values of significant Ferraris and Astons, that bubble hasn't burst because fundamentals are very different today than the late eighties. Either way that wasnt my point, it was just that i'm tired of the nonsense spouted are values from keyboard self appointed experts.

Fair enough seawise thou I don't recall things being this bad potentially economically speaking.
We have had times where cars values have been puffed up and it's ended in tears thou take your point there Is enough available money for these cars. Personally id have a 993 gt 2 instead thou

[clorenzen]

mollytherocker said:

Values of cars in the league of the 2.7RS are unaffected by Global economics. In my opinion, they have more in common with gold and art.

Ironically, the current financial climate may even be having a positive effect on values.

MTR

Edited by mollytherocker on Friday 30th December 23:19

Very well said. This is all about the scarcity factor.

[seawise]

bridey0 said:

Personally id have a 993 gt 2 instead thou

Yep, very special car, judging by how seldom they come up for sale (at least those without 'stories') the market agrees. One of the most desirable Porsche roadcars ever.

[anonymous-user]

bridey0 said:

You havnt thought to factor in global economic factors then!! DOH

DOH! Much of the rise has occurred over the last 4 years and against, and despite of, the worst economic background since the 30"s. What is going to happen to prices when the global economy picks up? History tells us that prices plummet during recessions and soar during booms - that bodes well for future RS values, not badly, given how they have fared in this recession.

[bridey0]

IMI A said:

http://www.pistonheads.com/sales/3492795.htm

Amazing and a mate of mine who has virtually the same car was saying the balloon was about to burst when they hit £150k a few years ago. Not far off Carrera GT money.

Funnily enough I'm reading Porsche Post now that has a write up on 2.7rs's including values.
100k to restore one! So it's 100k to buy one that needs restoring or 200k for the finished article.
At that money id be scared to drive it I recon. That said every Porsche enthusiast would love one.

[jackal]

Nasty colour, i would wait for another

[Robbo66]

Most sell to a 'list' held by the likes of Maxted, never reach the open market. Ironically the left hookers have a wider appeal for obvious reasons. More of them too. Very few on the market, even during these harsh economic times. That gives the greatest indication of where values are going IMO.

[BertBert]

The debate only works if we have a common definition of risk. Looks like there are two here.

A/ Proportion of disposable income that 200k is. If it's a small proportion then the risk is low as any loss (even total) is miniscule.

B/ The probability of the prices going down, meaning that a loss is made. Then measure that loss as a proportion of the price.

Well, I prefer option B. I think it's high risk. If the (economic) conditions are such to drive the price higher, then the chances of those economic conditions changing over time is an absolute certainty. Even though any future possible economic environment may not mean that prices decline, they might mean just that!

Bert

[ras62]

There is very much a market within a market for cars like this. Outstanding examples are still selling at strong money, in the case of this model 250k plus. Cars that are less than outstanding have come off the boil price wise, but that is for the classic market generally, not just for the 2.7RS. As for it costing 100k to restore a 2.7RS, I guess it depends upon the starting point, but in reality they are no more expensive to restore than any other 911 of this era.