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914World.com _ 914World Garage _ Values ——
Posted by: sixaddict Jan 28 2023, 08:26 AM
The following is quote from recent Hagerty emailing.
“The collector car market climbed steeply for two years, but may have reached cruising altitude. Data from our various indexes, which track specific vehicle segments, indicate rationality is returning. If you watched recent Mecun auction you’d never know it.
Kind of like real estate in my neighborhood…….market cooled, sellers just don’t know it yet ( or acknowledge it with prices). Probably accurate from watching things hang around longer.
There’s more extensive information in the article this was just the tease.
For what it’s worth.
Posted by: emerygt350 Jan 28 2023, 08:44 AM
Panorama has a nice bit on 914 valuations this month.
Posted by: sixaddict Jan 28 2023, 09:26 AM
Will have to check it out…..didn’t see it on quick scan obviously not too observant.
Posted by: Lockwodo Jan 28 2023, 11:47 AM
Panorama has a nice bit on 914 valuations this month.
Panorama magazine seems to be members only. Can you post the article or the grist of it? Thanks!
Posted by: emerygt350 Jan 28 2023, 04:11 PM
Posted by: emerygt350 Jan 28 2023, 04:12 PM
Tried fixing that pic but no luck.
Attached thumbnail(s)
Posted by: emerygt350 Jan 28 2023, 04:13 PM
Posted by: GregAmy Jan 28 2023, 04:18 PM
Anyone who's interested in paying $55k for my '74 2L, please PM me. I can leave tomorrow morning to deliver it to you at no charge.
Posted by: Michael N Jan 29 2023, 08:18 PM
I was surprised that Panorama actually created a separate tracking for the Limited Edition cars. First time in a pricing guide that I saw them actually tracked separately. Bravo Panorama!
Posted by: TonyA Jan 29 2023, 08:31 PM
Yep it makes sense to group the LE separately just like the 914-6
Posted by: JeffBowlsby Jan 29 2023, 10:11 PM
Yep it makes sense to group the LE separately just like the 914-6
‘Bout time I say.
Posted by: Chris914n6 Jan 29 2023, 10:24 PM
Doesn't directly apply to 914s but I saw some things when I was doing a valuation for Dad's TR4. Lots of restored cars listed for big bucks but not selling and/or being paid for. Sold cars were mostly good drivers for $8-15k. Unfortunately the cost of doing even a DD resto put it over that.
914s have plenty of real world advantages over a 60s British roadster, but I think it's a glimpse of the future...
1 Everyone that did well in the stock market cashed out and bought something already.
2 The group of enthusiasts of cars this old is getting smaller, as in, aging out - too old to drive, other priorities, dying, yada.
3 Younger drivers are sold on the features of newer stuff. $30k buys a nice modern car with A/C, paddle shift, airbags, etc.
4 Current and short term (hopefully) financial market situation.
5 Cars are getting too expensive to restore to justify it. Mainly because of the labor market.
There will always be collectors and builders, but I think the classic car boom is ending with the Boomers.
Posted by: Steve Jan 29 2023, 10:41 PM
There was a mint 74 2.0 at Cars & Coffee yesterday. He wanted $30k for it. Some people said it’s $10k under valued…?? Last week there was a clean not mint 73 for $34k. We all know those are asking prices.
Posted by: rjames Jan 30 2023, 12:55 AM
I tend to believe this, too.
Posted by: wonkipop Jan 30 2023, 02:04 AM
Doesn't directly apply to 914s but I saw some things when I was doing a valuation for Dad's TR4. Lots of restored cars listed for big bucks but not selling and/or being paid for. Sold cars were mostly good drivers for $8-15k. Unfortunately the cost of doing even a DD resto put it over that.
914s have plenty of real world advantages over a 60s British roadster, but I think it's a glimpse of the future...
1 Everyone that did well in the stock market cashed out and bought something already.
2 The group of enthusiasts of cars this old is getting smaller, as in, aging out - too old to drive, other priorities, dying, yada.
3 Younger drivers are sold on the features of newer stuff. $30k buys a nice modern car with A/C, paddle shift, airbags, etc.
4 Current and short term (hopefully) financial market situation.
5 Cars are getting too expensive to restore to justify it. Mainly because of the labor market.
There will always be collectors and builders, but I think the classic car boom is ending with the Boomers.
drive them while you can.
Posted by: Unobtanium-inc Jan 30 2023, 08:44 AM
The following is quote from recent Hagerty emailing.
“The collector car market climbed steeply for two years, but may have reached cruising altitude. Data from our various indexes, which track specific vehicle segments, indicate rationality is returning. If you watched recent Mecun auction you’d never know it.
Kind of like real estate in my neighborhood…….market cooled, sellers just don’t know it yet ( or acknowledge it with prices). Probably accurate from watching things hang around longer.
There’s more extensive information in the article this was just the tease.
For what it’s worth.
I'm seeing this all over Porscheland, everyone is telling me the high prices from several years ago, but these prices don't reflect today's reality. I recently had this happen with a family who was selling their dad's car. They said, "Daddy said it was worth XXX"
I showed them 4 other cars, same model, I had bought in the last 18 months and what they sold for. We were able to come to terms that worked for everyone, but often people hold out for a price they saw on BAT or one they heard about, only to still have their car months later. One of the benefits of being really in tune with the market is you can capitalize on an upward trend because you see it before others do, but the downside is you then have to watch the early, middle, and end of a downward trend, long before anyone knows it's there.
Posted by: rhodyguy Jan 30 2023, 08:52 AM
The Barrett/Jackson auction is insanity. 800k+ cars seems like a dime a dozen. 1M is not out of line. Used cars…everyone needs a black 6x6 Range Rover sporting yellow ASBs.
Posted by: Bullethead Jan 30 2023, 09:00 AM
Doesn't directly apply to 914s but I saw some things when I was doing a valuation for Dad's TR4. Lots of restored cars listed for big bucks but not selling and/or being paid for. Sold cars were mostly good drivers for $8-15k. Unfortunately the cost of doing even a DD resto put it over that.
914s have plenty of real world advantages over a 60s British roadster, but I think it's a glimpse of the future...
1 Everyone that did well in the stock market cashed out and bought something already.
2 The group of enthusiasts of cars this old is getting smaller, as in, aging out - too old to drive, other priorities, dying, yada.
3 Younger drivers are sold on the features of newer stuff. $30k buys a nice modern car with A/C, paddle shift, airbags, etc.
4 Current and short term (hopefully) financial market situation.
5 Cars are getting too expensive to restore to justify it. Mainly because of the labor market.
There will always be collectors and builders, but I think the classic car boom is ending with the Boomers.
drive them while you can.
Ditto. Sooner or later we'll all be gone and someone else will have them.Posted by: Unobtanium-inc Jan 30 2023, 09:22 AM
Doesn't directly apply to 914s but I saw some things when I was doing a valuation for Dad's TR4. Lots of restored cars listed for big bucks but not selling and/or being paid for. Sold cars were mostly good drivers for $8-15k. Unfortunately the cost of doing even a DD resto put it over that.
914s have plenty of real world advantages over a 60s British roadster, but I think it's a glimpse of the future...
1 Everyone that did well in the stock market cashed out and bought something already.
2 The group of enthusiasts of cars this old is getting smaller, as in, aging out - too old to drive, other priorities, dying, yada.
3 Younger drivers are sold on the features of newer stuff. $30k buys a nice modern car with A/C, paddle shift, airbags, etc.
4 Current and short term (hopefully) financial market situation.
5 Cars are getting too expensive to restore to justify it. Mainly because of the labor market.
There will always be collectors and builders, but I think the classic car boom is ending with the Boomers.
I'm seeing lots of interest in Porsche from young guys, they tend to buy cars on the rougher side, guys with more ambition than money. I routinely push these guys toward the 914. I tell them they can spend $20,000-25,000 on the worst 356 on the planet or spend the same amount on a 914 and have a lot of fun instantly. Many have taken my advice. But as these same guys make more money they are coming back to buy pricier cars, guys in their 40's and 50's, so not boomers. I don't think we will see another sky rocketing of prices like we saw around 2015, but we aren't going to see any big drops either, I'm seeing more of a leveling off on prices with some backtracks from record highs, but nothing too crazy.
Posted by: Lockwodo Jan 30 2023, 10:54 AM
I bought my 914 from a millennial. Porsches like 356s, 911s and 914s will continue to have broad appeal. I have several 60's V8 cars and they plateaued some years back. But they sure are fun to drive and maintain.
As wonkipop said, "drive them while you can".
Posted by: Big Len Jan 30 2023, 03:49 PM
I think back to the 2009 Star Trek movie where the opening has a young James Kirk steals his father's (?) C-2 Corvette and takes it out for a fast ride before crashing it off a cliff. Yes, it's fiction, but I think the innate attraction of speed, whether from steam, electricity, gasoline, or warp drive will always remain.
Posted by: emerygt350 Jan 30 2023, 08:04 PM
Both of my fun cars would be out of my league now if I tried to replace them. A gt350 fox just sold at mecum or Barrett (can't remember which) for almost 30x what I bought my (at the time) entirely original untouched mustang. Even a non running hell hole infested 73 2.0 sells for twice what I paid for mine and my car is solid (and runs great). I could probably sell both for about 15k each, and then what? Down grade?
Posted by: Brian Fuerbach Jan 30 2023, 09:53 PM
I bought in mid 2018 and looking at this chart, I couldn't have had better timing.
Posted by: GregAmy Jan 31 2023, 08:13 AM
I bought in mid 2018 and looking at this chart, I couldn't have had better timing.
Ditto. I tell my wife "see how smart I am??" but she ain't buyin' it...
Posted by: PlantMan Jan 31 2023, 12:27 PM
I remember back on the early late 80'/90's you could find a real six for under 10k, 912's for 7k, early 911's for 10k all of which were nice cars then.
Jeez, I remember looking at really nice 911sc back on 2008 for 18k.
My son has been sending me 944's for sale for under 10k...Hmmm.
Posted by: Mikey914 Feb 1 2023, 09:30 AM
Sold my 951 for 6k it was in pretty good shape with all maintenance done (yes even clutch). Can’t touch a comparable one for less than 25k
Posted by: Unobtanium-inc Feb 1 2023, 10:06 AM
I bought in mid 2018 and looking at this chart, I couldn't have had better timing.
Ditto. I tell my wife "see how smart I am??" but she ain't buyin' it...
A friend of mine does the opposite. His wife keeps telling him he should sell his Speedster so they can buy an RV and travel. He says, "The Speedster, I paid $500 for it. What are we going to do with $500?"
It's all about perspective.
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