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: 8,849 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) |
euro911 |
Jul 16 2014, 02:03 PM
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#2
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Retired & living the dream. God help me if I wake up! Group: Members Posts: 8,849 Joined: 2-December 06 From: So.Cal. & No.AZ (USA) Member No.: 7,300 Region Association: Southern California |
I bought the car 37 years ago for ... get this, $2700. My friend Randy Montoya at Automeister (not motormeister), coached me on the purchase. Remember, the internet wasn't around then (at least not for the public at large) and there wasn't a lot of info available regarding the '232', however, Randy knew it was an early car and told me beforehand that I should restore it.
After I purchased it and drove it home, down the twisty Pasadena freeway to Redondo Beach, it spent a little time up on jack stands in my garage. I rebuilt the carbs, adjusted the valves, fluid change and a tune-up (about $50. in parts at the time), as a tune-up at a Porsche dealership was right about the cost of a VW motor rebuild - $300) (IMG:style_emoticons/default/sad.gif) I drove it on and off for a couple years, but one day, a shifting fork let go and it wouldn't shift out of 2nd anymore. I pulled the drive train and Randy rebuilt the transaxle. Since the engine was running pretty strong, but leaked oil from the cooler and return tubes, Randy recommended that I dismantle the motor, reseal it and have the top end done while it was all out of the car. I dismantled to a short block, tagged the P&Cs, heads, rockers and camshafts and placed them in crates. This is still the status of the drive train. A few rocky romances (I was a young, handsome, debonaire guitarist in a couple of bands at the time) and a couple of job changes caused the project to come to a halt. The car and crates moved to several storage locations over the years (all indoors I'm happy to say). Luckily, I also had a '67 VW bus (that I now regret selling for a mere $2500.), so moving my belongings wasn't as bad as it sounds, but I've always had the intention to complete the restoration. I would love to drag the '64 out of my enclosed trailer and drive it onto the grass at Monterrey, who wouldn't? ... and I wake up in the mornings sometimes with that "when the fuch am I gonna find the time to get this all done, the right way?" (IMG:style_emoticons/default/idea.gif) Time is the real issue, as some of you have mentioned. I really don't know where the last 30 years went, but here I am today, 60 and retired ... and I do have the means to fund the project without living on canned beans (IMG:style_emoticons/default/laugh.gif) ... I'm involved in many other activities that cumulatively eat up a lot of my 'free' time. I already have a network set up to perform the restoration tasks - Dave Kent helped me with the restoration metal panels before he succumbed to cancer, George's guys at EMW would do the machine work, Steve Houge would handle the metal repairs and Fast Eddie, the interior work. Haven't decided on a chrome shop or paint yet. Adrian Gang and Randy are also friends who I can turn to for mechanical advice and help when I run into trouble (IMG:style_emoticons/default/sad.gif) ... as well as one of our own, Richard (Type 4 Unleashed). Dianne and I have been discussing this over the past few days, and of course, she thinks I should sell it (wemen) (IMG:style_emoticons/default/dry.gif) ... and fund my '66 912 and '67 911 projects - cars that I can drive without worrying about idiot drivers every mile on the road. Of course, the value of those are increasing too (IMG:style_emoticons/default/confused24.gif) Don't worry guys, I won't 'give it away' if I do decide to let her go. I plan to broadcast my 'dilemma' to the 232 Registry email list for additional sage advice - who knows ... Maybe Jerry Seinfeld wants to own a second one. (IMG:style_emoticons/default/confused24.gif) ... Alois Ruf already owns three of them (IMG:style_emoticons/default/blink.gif) I appreciate the suggestions and will seriously consider all the options that are put forth. This isn't going to be easy though ... she is like part of my family after almost 40 years (IMG:style_emoticons/default/sad.gif) |
Chris H. |
Jul 16 2014, 02:37 PM
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#3
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Senior Member Group: Members Posts: 4,030 Joined: 2-January 03 From: Chicago 'burbs Member No.: 73 Region Association: Upper MidWest |
Dianne and I have been discussing this over the past few days, and of course, she thinks I should sell it (wemen) (IMG:style_emoticons/default/dry.gif) ... and fund my '66 912 and '67 911 projects - cars that I can drive without worrying about idiot drivers every mile on the road. Of course, the value of those are increasing too (IMG:style_emoticons/default/confused24.gif) Don't worry guys, I won't 'give it away' if I do decide to let her go. I plan to broadcast my 'dilemma' to the 232 Registry email list for additional sage advice - who knows ... Maybe Jerry Seinfeld wants to own a second one. (IMG:style_emoticons/default/confused24.gif) ... Alois Ruf already owns three of them (IMG:style_emoticons/default/blink.gif) I appreciate the suggestions and will seriously consider all the options that are put forth. This isn't going to be easy though ... she is like part of my family after almost 40 years (IMG:style_emoticons/default/sad.gif) Restoring the other cars with the '64 money is not a bad idea...was gonna ask about that but noticed you removed some of the details from your signature so I wasn't sure how much you wanted to broadcast... I do remember chatting over PM about your '64 though and recalled how long you've had it and how much you like it. The cool thing is you really can't LOSE money restoring any of the 911/912s. When does that happen (IMG:style_emoticons/default/confused24.gif) ? |
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