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, 09:05 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 |
Yeah, Mark, I'll probably have to take her to Spain for tacos, Italy for Lasagna, Germany for strudel, Holland for cheese and somewhere in the Orient for sushi ... and the UK for under-cooked eggs (IMG:style_emoticons/default/laugh.gif)
I can imagine how you feel when parking your blue car. As it is, we even try to park the old Toyota trucks far out in the parking lot so we don't get door dings, but it almost always happens - some turd pulls up next to us and you can barely slide a bushiness card between us (IMG:style_emoticons/default/mad.gif) Dianne could probably tell you some stories about my reactions when I see the damage they've inflicted (IMG:style_emoticons/default/happy11.gif) Holy S#IT ... you should see some of the responses the 232 guys are sending me. About a 50/50 split on selling/restoring there too, as well as 3 very interested parties so far (notable guys that I know) (IMG:style_emoticons/default/blink.gif) "As you probably know, out of the 232, only 60 know in existence world-wide ..." - (which I knew) ... and out of the 60, only 30 are #s matching - (I didn't know) "Some restored ones going for 600K (Euros)!" - (I didn't know) "Running projects have been selling for $400K." - (I didn't know) "Mark, I can tell you that these cars have appreciated faster than just about any other in the last 10 years. Mine was a matching numbers 901 that when I bought it ran but needed totally gone through and had to have all new front and rear fenders pans and rockers. I cant tell you what I sold it for due to an agreement I have but I will tell you that I heard that it cost over 200,000 euros to restore it and it is or was being offered for 500,000 dollars. I also sold a 65 factory sunroof car matching numbers 15 years ago for $2500. Still kicking myself!" "Mark, I say, in simple terms; Keep it and fix it for the following reasons ; #1, Your purchase cost in 1977 (37 years ago) is close to $ 0000.00 in 2014 dollars. #2, You own it now. How much time, effort, drama and resources would it take to locate another and then fix it ? #3, You have the resources and network to restore it, in place. #4, You have the passion and love the cars." "Mark, Lol YOU my friend know how to whip up a bunch of grown men into a frenzy! Once the dust settles and you believe you have REAL offers I would love a chance to buy your car." I'm waiting on Jerry Seinfeld's reply (IMG:style_emoticons/default/happy11.gif) This is turning into an interesting little journey ... Hey, anybody got Jay Leno's phone # handy ??? ... (IMG:style_emoticons/default/laugh.gif) |
X911IC |
Jul 16 2014, 10:04 PM
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#3
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Member Group: Members Posts: 81 Joined: 17-June 13 From: California Member No.: 16,026 Region Association: Southern California |
Yeah, Mark, I'll probably have to take her to Spain for tacos, Italy for Lasagna, Germany for strudel, Holland for cheese and somewhere in the Orient for sushi ... and the UK for under-cooked eggs (IMG:style_emoticons/default/laugh.gif) I can imagine how you feel when parking your blue car. As it is, we even try to park the old Toyota trucks far out in the parking lot so we don't get door dings, but it almost always happens - some turd pulls up next to us and you can barely slide a bushiness card between us (IMG:style_emoticons/default/mad.gif) Dianne could probably tell you some stories about my reactions when I see the damage they've inflicted (IMG:style_emoticons/default/happy11.gif) Holy S#IT ... you should see some of the responses the 232 guys are sending me. About a 50/50 split on selling/restoring there too, as well as 3 very interested parties so far (notable guys that I know) (IMG:style_emoticons/default/blink.gif) "As you probably know, out of the 232, only 60 know in existence world-wide ..." - (which I knew) ... and out of the 60, only 30 are #s matching - (I didn't know) "Some restored ones going for 600K (Euros)!" - (I didn't know) "Running projects have been selling for $400K." - (I didn't know) "Mark, I can tell you that these cars have appreciated faster than just about any other in the last 10 years. Mine was a matching numbers 901 that when I bought it ran but needed totally gone through and had to have all new front and rear fenders pans and rockers. I cant tell you what I sold it for due to an agreement I have but I will tell you that I heard that it cost over 200,000 euros to restore it and it is or was being offered for 500,000 dollars. I also sold a 65 factory sunroof car matching numbers 15 years ago for $2500. Still kicking myself!" "Mark, I say, in simple terms; Keep it and fix it for the following reasons ; #1, Your purchase cost in 1977 (37 years ago) is close to $ 0000.00 in 2014 dollars. #2, You own it now. How much time, effort, drama and resources would it take to locate another and then fix it ? #3, You have the resources and network to restore it, in place. #4, You have the passion and love the cars." "Mark, Lol YOU my friend know how to whip up a bunch of grown men into a frenzy! Once the dust settles and you believe you have REAL offers I would love a chance to buy your car." I'm waiting on Jerry Seinfeld's reply (IMG:style_emoticons/default/happy11.gif) This is turning into an interesting little journey ... Hey, anybody got Jay Leno's phone # handy ??? ... (IMG:style_emoticons/default/laugh.gif) Mark, My friend's brother restores all of Jerry Seinfeld's cars. Send me a PM with your number and I will have him pass it on the Jerry. I can also get word to Magnus Walker through a mutual friend if interested. Sorry have no contact with Jay Leno. Neil |
euro911 |
Jul 16 2014, 11:26 PM
Post
#4
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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 |
Mark, My friend's brother restores all of Jerry Seinfeld's cars. Send me a PM with your number and I will have him pass it on the Jerry. I can also get word to Magnus Walker through a mutual friend if interested. Sorry have no contact with Jay Leno. Neil Thanks, Neil. Sam Cabiglio handles Jerry's stable and is on the 232 distribution, as is Magnus, so they should have received the email (IMG:style_emoticons/default/type.gif) I need to get in touch with Jay for other reasons ... I don't think Elliot likes my jokes anymore (IMG:style_emoticons/default/laugh.gif) I spent about 35 years in the high-end security electronics industry, Kev ... I can see my cars right now even though they're 5 miles away (IMG:style_emoticons/default/biggrin.gif) |
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