'74 914 2.0L with only 5K miles.... Options

[Cal]

This should be interesting to follow early next month at the Gooding & Company auction at Amelia Island......'74 Porsche 914 2.0L with only 5,000 miles. It was part of the Brumos Collection since 2003. The estimated auction price is between $60 - $80K....without reserve. This might set a new mark for 914/4's.

https://www.goodingco.com/vehicle/1974-porsche-914-2-0/

[horizontally-opposed]

Mileage, condition, ownership history, and sales stage all had something to do with this result—so it is indeed wrong to apply this result to all 914 prices.

However, it is absolutely right to discuss its impact on the perception of the 914-4 among collectors: The right 914-4 can be (and now has been, more than once) worth more than a nice Ferrari. While that's hard to get my head around, people want what they want—and those who can, will pay for it. This kind of shift usually happens with the best, low-mile cars, and this shows the yellow 1.8 was no fluke.

And then there's the 914-6.

[Tom_T]

Mileage, condition, ownership history, and sales stage all had something to do with this result—so it is indeed wrong to apply this result to all 914 prices.

However, it is absolutely right to discuss its impact on the perception of the 914-4 among collectors: The right 914-4 can be (and now has been, more than once) worth more than a nice Ferrari. While that's hard to get my head around, people want what they want—and those who can, will pay for it. This kind of shift usually happens with the best, low-mile cars, and this shows the yellow 1.8 was no fluke.

And then there's the 914-6.

Plus Pete,

These top end museum quality cars also push the top of the envelope upwards, pulling the real world lightly driven #1 Concours & #2 Excellent cars up with them, and the #3-5 ones follow - in large part due to that change in perception which you mention.

For a 1973 914-2.0, Hagerty is now showing top #1 Concours at $44,100, with the average value #3 Good at $15,300 - which are all strong increases over the past decade (see the chart at the link below, and clicking on "5 year" or "All" for the longer term trend).

https://www.hagerty.com/apps/valuationtools...Porsche-914-2.0

And even NADA has caught on, showing a range of $20,700 - $42,500 for Low to High Retail, with an Average Retail of $28,800 - up significantly from how they undervalued 914s just 7-8 years ago (Hagerty may have influenced them to be more accurate).

http://www.nadaguides.com/Classic-Cars/197...arga-2-0/Values

(You folks with other years & sub-models can use the links above to back-track and select your own 914.)

In the 914/4's case, it really started initially with the resurgence of the 356s, then a decade+ ago with the 1960's 911 SWBs and LWBs going ballistic, then folks looking for something Porsche not so stratospheric in price looking at the early-mid `70's 911's, and some focused on 914/6's which soon went to around $100K for driveable examples, and now they've rediscovered the 914/4's.

Also, there are a lot of the 911 owners who started with a 914/4, who still have good memories of their first Porsche, and who have gone-a-huntin' for a nice one to play in now. I know many of our Zone 8 members fall into this category, and they then spread the word to others in the process.

However, the end result in a few years may be to ultimately price out some of the younger folks, 914 daily drivers, and others who have been able to buy into a 914 at a reasonable price, perhaps put in some sweat equity, and have a fun car. I've already seen some moving to the 924/944 and early 986 Boxters as an affordable Porsche option in recent years, as their prices have bottomed out into sub-$10,000.

While the current strong appreciation is good for current owners - especially those of us who need to or have spent a bunch of money to bring our old gals back, it's likewise sad to see it happen to our 914s and cutting out new owners of modest means.

An important message with this high sale and the upward trend in 914 prices for current owners, is to keep your 914s adequately insured, keep records of all work, parts, etc., and have your 914 reappraised every year or two in order to document its condition and value before it gets crunched and unrecognizable.

Thanx for chiming in here Pete!

Cheers! (IMG:style_emoticons/default/beerchug.gif)
Tom
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