911 Dilemma, WTF |
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911 Dilemma, WTF |
euro911 |
Jul 15 2014, 10:12 PM
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#1
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Retired & living the dream. God help me if I wake up! Group: Members Posts: 8,851 Joined: 2-December 06 From: So.Cal. & No.AZ (USA) Member No.: 7,300 Region Association: Southern California |
I recently posted on a thread about 1964 911s on the Pelican site. A few days ago, a guy PM'd me from the Bird, asking about my '64 911. Technically it would be a M-Y 1965 if sold in the US at that time, but is considered a 1964 (ROW), as it is one of the unique 232 'first year cars' that were made and sold (in 1964). It is also currently registered as a 1964 with the CA DMV.
The guy has been a established member on Pelican since 2006, and is local in the Los Angeles area. I kind of know who he is, although we'e never met or conversed previously. There are pix in my 'Garage' on the Bird, so he's seen the car, although we all know that pix don't tell all ... His PM starts off with "What a great 64 911... What are your plans with it? Are you going to restore it? Would you consider an offer to sell it? I look forward to hearing from you." I told him that I do have plans to restore it, but if I were to think about selling it, an offer would have to be in excess of $150K. He responds with "Thank you for getting back to me. I am still interested in your 64. Is is a numbers matching engine? Does the engine still turn over?" I replied and provided him with a lot of info about the car, it's originality (matching engine and transaxle, etc.), current condition (roller with drive train removed), and all the repairs that the car needs to be a completely restored specimen. I didn't hold back any negative info regarding rust repairs (front suspension pan, and other sections of the structure/body), and informed him that I possess a full set of floor pans, suspension pan, inner and outer rocker repair panels, etc. Over the past several years, I've also collected a lot of the rubber parts needed. He responded again with "Great response. I look forward to talking with you. I am very excited to hear that it is original numbers matching. That is important to me. You can reach me anytime at ###.###.####. I look forward to hearing from you and hope we can do a deal." My wife thinks I should think seriously about it (well, duh) ... I haven't priced all the repair work yet, but the metal work, paint and the upholstery would all be done by 'professional' shops ... I can do the mechanical work (drive train), and have shot from the hip that $50K~$75K would be my total investment into the project (dollar-wise), not including my time. Restored examples have recently sold in the $250K~$300K range on the world-wide market, and appear to continue upward as time marches on. So I do have a dilemma on my hands. Should I continue on my restoration path, or should I consider selling the project if we can reach an agreement for a cash deal at the price I have in mind (IMG:style_emoticons/default/idea.gif) Anybody think I'm nuts if I sell it now ... or want to talk me out of it? (IMG:style_emoticons/default/confused24.gif) (IMG:style_emoticons/default/popcorn[1].gif) |
Elliot Cannon |
Jul 18 2014, 07:39 PM
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#2
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914 Guru Group: Retired Members Posts: 8,487 Joined: 29-December 06 From: Paso Robles Ca. (Central coast) Member No.: 7,407 Region Association: None |
So, what does Dianne plan on doing with all this money? (IMG:style_emoticons/default/av-943.gif) (IMG:style_emoticons/default/lol-2.gif) I've already spoken to her about it by the way. (IMG:style_emoticons/default/laugh.gif) (IMG:style_emoticons/default/lol-2.gif)
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euro911 |
Jul 19 2014, 08:20 AM
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#3
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Retired & living the dream. God help me if I wake up! Group: Members Posts: 8,851 Joined: 2-December 06 From: So.Cal. & No.AZ (USA) Member No.: 7,300 Region Association: Southern California |
obviously... (IMG:style_emoticons/default/slap.gif) Sell .... Not as many as you (IMG:style_emoticons/default/poke.gif) How many non-running cars are on your property today? And about that 2.7L .............. (IMG:style_emoticons/default/dry.gif) Yeah yeah - 2.7, I know So, what does Dianne plan on doing with all this money? (IMG:style_emoticons/default/av-943.gif) (IMG:style_emoticons/default/lol-2.gif) I've already spoken to her about it by the way. (IMG:style_emoticons/default/laugh.gif) (IMG:style_emoticons/default/lol-2.gif) She misses THOMAS, so we'll probably take a trip to the Fatherland for one |
SLITS |
Jul 19 2014, 08:59 AM
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#4
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"This Utah shit is HARSH!" Group: Benefactors Posts: 13,602 Joined: 22-February 04 From: SoCal Mountains ... Member No.: 1,696 Region Association: None |
And about that 2.7L .............. (IMG:style_emoticons/default/dry.gif) Not as many as you (IMG:style_emoticons/default/poke.gif) Yeah yeah - 2.7, I know All four of mine run and are drivable. (IMG:style_emoticons/default/chair.gif) I keep getting chided for not painting The Grey Ghost and fixing the oil leaks. Well, I like to drive the car and shelling out $3K for paint and then worrying about rock chips, etc., would make me not drive it at all. Oil leaks ... just a convenient way of having fresh oil at all times. (IMG:style_emoticons/default/smile.gif) Restore the car, tear up the front yard and build a clear glass environmentally controlled, fully secured chamber for it off the house so you can sit in your living room and admire the pile of metal that is worth a bazillion dollars. |
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