Need expert opinions on this, Recent listing on BaT Options

[Thunderchief]

There was a recent listing on BaT for a blue 914 GT Tribute that was only bid up to 70k. Why do you think it didn't go any higher? Its not mine but I'm building one and don't want to make any possible mistakes that this person did. Thanks.

https://bringatrailer.com/listing/1973-porsche-914-184/

[Thunderchief]

I agree with everything you guys are saying but a lot of these have been going for 90k plus including this one in 2021. I was just wondering if its the market, the economy or if there were any red flags with this car.

[mepstein]

I agree with everything you guys are saying but a lot of these have been going for 90k plus including this one in 2021. I was just wondering if its the market, the economy or if there were any red flags with this car.

It could be anything including a limited buyer pool. It’s not like a 911 where that price is mid range. Any time you are near the top of the market, it will be a gamble if there are enough ready, willing and able buyers to support the price.

[Superhawk996]

I agree with everything you guys are saying but a lot of these have been going for 90k plus including this one in 2021. I was just wondering if its the market, the economy or if there were any red flags with this car.

It could be anything including a limited buyer pool. It’s not like a 911 where that price is mid range. Any time you are near the top of the market, it will be a gamble if there are enough ready, willing and able buyers to support the price.

Sold for $95k in 2021 is meaningless because we don’t know with what “invested”. $100k, $120k, $140k? Combine that with the COVID insanity that escalated all used car prices including hobby cars. There are tons of people that bought used cars in that period that now find themselves underwater as they now look for a new car. Wasn’t unique to hobby cars.

Most of the conversions that move anywhere in that range are big bore 3.6L or similar mods. Not cheap to build a 2.8L either and arguably it has the notoriously unwanted 2.7 mag case but still won’t have positive ROI or everyone would build them and flood the market which would drive selling prices down.

Same story different numbers.