911 Dilemma, WTF Options

[euro911]

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)



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