993 Turbo S £376,500!

993 Turbo S £376,500!

Author
Discussion

chrisgaia

Original Poster:

211 posts

143 months

Saturday 19th April
quotequote all
https://collectingcars.com/for-sale/1998-porsche-9...

That seems a bit steep… did someone have a couple of pints before bidding or am I missing something??

A mint RS maybe but…

Edited by chrisgaia on Saturday 19th April 22:53

Armitage.Shanks

2,680 posts

97 months

Saturday 19th April
quotequote all
Sold by Sothebys in 2017. If the price shown doesn't include fees it's hardly a high performing investment over the period; plus 1,500 miles in that time doesn't appear like the owner enjoyed it much. I'd be disappointed with the standard seats. A standard Turbo for half the price would I'm sure be just as enjoyable.

chrisgaia

Original Poster:

211 posts

143 months

Sunday 20th April
quotequote all
Armitage.Shanks said:
Sold by Sothebys in 2017. If the price shown doesn't include fees it's hardly a high performing investment over the period; plus 1,500 miles in that time doesn't appear like the owner enjoyed it much. I'd be disappointed with the standard seats. A standard Turbo for half the price would I'm sure be just as enjoyable.
Being paid £77,000 for owning a stunning car for 8 years not a good investment?

Yes, he should have put on 20,000 which probably would not have destroyed the price!

IMI A

9,803 posts

213 months

Sunday 20th April
quotequote all
Its a decent profit but it would be interesting to see what associated bills have been paid in that ownership period. FWIW I think whoever has bought it has got a cheap car with only 26 RHD turbo s made I think thats a £500k car in a few years. They're built in a very different way to everything that came after them and super rare. Gorgeous looking 911.

Cheib

24,267 posts

187 months

Sunday 20th April
quotequote all
I don’t “get them” personally…can’t drive it unless you want to destroy the value.

Think the 2S is a better looking 993 without the spoiler…and whilst it won’t have the shove I’d rather have a RWD 911.

IMI A

9,803 posts

213 months

Sunday 20th April
quotequote all
For me like the other poster a 993 RS would be my choice at this price point but again put miles on it and value will tank like any of these low mileage modern classics.

Cheib

24,267 posts

187 months

Sunday 20th April
quotequote all
chrisgaia said:
Being paid £77,000 for owning a stunning car for 8 years not a good investment?
It’s about a 3% annual return..before maintenance and insurance etc. Let’s call that £20k over 8 years.

As a pure investment I don’t think that is particularly good.

Koln-RS

4,023 posts

224 months

Sunday 20th April
quotequote all
Saw that on CC.
Price for that Turbo S was twice my valuation. But it only takes a few ‘heady’ bidders.

Week earlier, this looked like an infinitely better buy.

https://collectingcars.com/for-sale/1996-porsche-9...

(Although, that RS rear spoiler destroys the 993’s elegant lines even more than the Turbo’s eek)

IMI A

9,803 posts

213 months

Sunday 20th April
quotequote all
993 turbo s do make good money. A 70k mile 993 turbo s sold via 911 Virgin for circa £270k in 2020. Its a rare 911. Values flying north in the US.

Discombobulate

5,450 posts

198 months

Monday 21st April
quotequote all
Cheib said:
It’s about a 3% annual return..before maintenance and insurance etc. Let’s call that £20k over 8 years.

As a pure investment I don’t think that is particularly good.
At least it's tax free...

Yellow491

3,165 posts

131 months

Monday 21st April
quotequote all
Cheib said:
I don’t “get them” personally…can’t drive it unless you want to destroy the value.

Think the 2S is a better looking 993 without the spoiler…and whilst it won’t have the shove I’d rather have a RWD 911.
They weren’t a popular drive when they came out,not the best handling car,mate got rid of his in less than a year,very overrated like a 4.0rs.
Agree 2s and rwd

ettore

4,495 posts

264 months

Monday 21st April
quotequote all
Surely, we must be hitting peak 911 at some point soon? So many made, so many niche models, so many restomods, so obvious?

They are great things but they’ve become the complete default (the MGB of our day) - can these values sustain?

chrisgaia

Original Poster:

211 posts

143 months

Monday 21st April
quotequote all
Koln-RS said:
Saw that on CC.
Price for that Turbo S was twice my valuation. But it only takes a few ‘heady’ bidders.

Week earlier, this looked like an infinitely better buy.

https://collectingcars.com/for-sale/1996-porsche-9...

(Although, that RS rear spoiler destroys the 993’s elegant lines even more than the Turbo’s eek)
Yes, saw that RHD ex South Africa. KMs on the clock, not aware of any other differences?

And sorry if someone out there spent £300k on one, I agree that it is the ugliest of all the 911 spoilers. However, if I owned one I am sure I would think it was the most beautiful thing in the world, especially when I was flying around a fast corner and it was the only thing holding the bum down!