The 914-6 market, skyrocketing prices Options

[iwanta914-6]

Instead of getting into this discussion in a for sale thread, I figured I would start a new thread over here.

This is not meant to devalue the sixer because they are amazing and rare cars, but more of trying to figure out the market and how the value has skyrocketed and if there is a market for a $100K 914? As I said in another thread, I never thought I would see the day where a 914 hit six figures!

I wanted to quote a post from another thread, I hope the OP doesn't mind:

You could, and maybe did, say the same thing about 356's back in the day and look where they are now? Same with early 911's. As fewer and fewer examples survive and become available, people will dig deeper to own one.

In my opinion it's hard to compare a 914 to a 356. The 356 is the "original" Porsche, the car that started it all. The 914 was (and still is by many elitist Porsche owners) considered to not be a Porsche at all even if it were manufactured in Stuttgart. The reason they are becoming so rare is that for many years they were just a fun little, often neglected, throwaway car and many just rusted away beyond repair. Those of us that love the 914 might be willing to shell out $100K for one if we have that kind of dough but lets be honest, most people with that kind of money will be looking at a 911. Sure, the 911 is so common these days and a 914-6 is something different, something if you own one, there probably isn't another one within a 100 mile radius (unless you live in certain parts of California). But once again, the people that have $100K to spend on a Porsche are looking for the perceived status that comes with a 911 not some forgotten volkswagen from the 70s. There are of course the Porsche collectors that may not have a Six in their collection yet, and collectors always pay top dollar.

For me the 914 is a car that is supposed to be driven. Not to become a trailer queen taken to concourses across the country to be inspected by white gloved judges.

Of course, this is all coming from someone in the market for a 914 that would love a six but they have become unattainable for this 9-5 desk jockey. And hats off to all of you Sixer owners, your patience and determination of buying/restoring, and caring for these cars is finally paying off, I for one am jealous that I didn't buy one back in the 90s.

[sb914]

(IMG:style_emoticons/default/popcorn[1].gif)

[Rav914]

Remember, if you ever get lost in the woods, darkness is approaching, temperatures falling...just sit down on a log and ask out loud, "I wonder where the early Porsche market is headed"?

About 10 guys will suddenly appear, each with his own opinion and lead one to safety.

[Cairo94507]

I do not mind at all. (IMG:style_emoticons/default/biggrin.gif)

Of course I understand your perspective. I have owned about 11 P-cars, 3 of which have been original Sixes. The rest were all 911 coupes. I currently have a 997.2 C4S 6 speed coupe.

When I told my wife I wanted an old Porsche she laughed at me and told me to go buy a new one. I told her there was nothing like driving the old Sixes I had. The last, my '70 Irish Green Six with a 3.0 CIS motor, she loved driving and would often take it over her daily driver. I had a company sled at the time and did not mind. She often came home with stories of embarrassing 911's to and from work. When I clarified my wish to own an old Porsche, specifically a '71 914-6, she said, "Oh".

Though she first resented the "rusted piece of crap" (it really was not that bad....) sitting in the garage, she has come to like it and looks forward to the pictures Scotty posts as the car moves forward to being like new (almost) with some minor changes I wanted to make.

For people wanting 914's, be they 4's or 6's, there just is no substitute. I am pretty sure most people playing here could afford a 911 if they wanted one and have made the decision to have a 914 instead.

It is that niche of the Porsche world that will be buying these cars and restoring them to preserve them for future generations of car freaks.

I think if someone is buying one for status, they have missed the target. The 914 has never been a status symbol. Buy a Ferrari or a Corvette ( (IMG:style_emoticons/default/stirthepot.gif) ) if that is what is desired.

For me, after all of the cars I have owned, the 914-6 is right at the top of the list. Mid-engine cars are just the best. Nothing beats that. I suspect I am not alone in my appreciation of our mid-engined cars and it is that appreciation that will continue to cause prices to rise...... unless of course Iran decides to send a nuke our way. (IMG:style_emoticons/default/ar15.gif)

[mepstein]

Option 2 is to buy a conversion car. Cheaper, often times "better" and replaceable. All the best attributes of a real 6. Might miss out on the increasing value of a 6 but obtainable and drivable today just by looking through the world classifieds. If you get tired of it, there's a good chance it will sell for what you paid or more (Porsche engines keep increasing in cost). The only real difference is a vin #.

[Ferg]

Remember, if you ever get lost in the woods, darkness is approaching, temperatures falling...just sit down on a log and ask out loud, "I wonder where the early Porsche market is headed"?

About 10 guys will suddenly appear, each with his own opinion and lead one to safety.

This will likely be the truest statement I read all week. I LOL'd.

(IMG:style_emoticons/default/laugh.gif)

[EdwardBlume]

I expect a correction. The Euro is at 1.10 today vs 1.40 at its height. Word is the Euro could fall to 0.90 or less. That means you can afford to go on vacation in Europe again, and our cars arent so cheap anymore.

[iwanta914-6]

I expect a correction. The Euro is at 1.10 today vs 1.40 at its height. Word is the Euro could fall to 0.90 or less. That means you can afford to go on vacation in Europe again, and our cars arent so cheap anymore.

And it just happens that I'm going to Germany in less than 2 months for Oktoberfest!

[RARE 6]

Remember, if you ever get lost in the woods, darkness is approaching, temperatures falling...just sit down on a log and ask out loud, "I wonder where the early Porsche market is headed"?

About 10 guys will suddenly appear, each with his own opinion and lead one to safety.

This will likely be the truest statement I read all week. I LOL'd.

(IMG:style_emoticons/default/laugh.gif)

Agreed. I don't love my 1970 914-6 any more now that its value is up than I did when I paid $6000 for it brand spanking new on 9/14/71. Price appreciation had nothing to do with my decision to pull it out of a 12-year rest, fire it up and do a panels off bare metal repaint and some minor mechanical refurbishment. The decision by my wife and I to do that came because we wanted it back on the road to enjoy while we could still get in and out of it without assistance.
For investors, there are better cars for speculation. For us, it's the whine of a stock flat six right behind our ears while shifting through the gears in the mountains a few weeks ago, the memories of PCA track days in the '70s and '80s, the picture of my then 3-year-old daughter behind the wheel in the pits wearing her daddy's helmet, the long road trips, the People's Choice award in Santa Fe after the first time we redid it, etc. The bucket list now is driving it to all four corners of the continental U.S. If we're lucky, we'll put another 90,000 miles on it.
That's how we'll get our "value" out of it no matter how few or how many zeros are in any market appraisal. Our kids can worry or rejoice about that. These things were designed for driving. We'll honor and enjoy that without letting dollar signs impede the view.

[iwanta914-6]

The bucket list now is driving it to all four corners of the continental U.S. If we're lucky, we'll put another 90,000 miles on it.
That's how we'll get our "value" out of it no matter how few or how many zeros are in any market appraisal. Our kids can worry or rejoice about that. These things were designed for driving. We'll honor and enjoy that without letting dollar signs impede the view.

Now that is how it should be! Not many of these are on a single owner, so your's is one special Sixer!

[stevegm]

Remember, if you ever get lost in the woods, darkness is approaching, temperatures falling...just sit down on a log and ask out loud, "I wonder where the early Porsche market is headed"?

About 10 guys will suddenly appear, each with his own opinion and lead one to safety.

This will likely be the truest statement I read all week. I LOL'd.

(IMG:style_emoticons/default/laugh.gif)

Agreed. I don't love my 1970 914-6 any more now that its value is up than I did when I paid $6000 for it brand spanking new on 9/14/71. Price appreciation had nothing to do with my decision to pull it out of a 12-year rest, fire it up and do a panels off bare metal repaint and some minor mechanical refurbishment. The decision by my wife and I to do that came because we wanted it back on the road to enjoy while we could still get in and out of it without assistance.
For investors, there are better cars for speculation. For us, it's the whine of a stock flat six right behind our ears while shifting through the gears in the mountains a few weeks ago, the memories of PCA track days in the '70s and '80s, the picture of my then 3-year-old daughter behind the wheel in the pits wearing her daddy's helmet, the long road trips, the People's Choice award in Santa Fe after the first time we redid it, etc. The bucket list now is driving it to all four corners of the continental U.S. If we're lucky, we'll put another 90,000 miles on it.
That's how we'll get our "value" out of it no matter how few or how many zeros are in any market appraisal. Our kids can worry or rejoice about that. These things were designed for driving. We'll honor and enjoy that without letting dollar signs impede the view.

Amen to that.

To the OP's question - yes there is a market for a $100k 914. The one John Forbes found in a barn with 5,000 miles was scheduled to go on the auction block at Amelia in March. It was pulled off the auction roster the day before the auction and sold to a private party. From what I understand it was north of $100k. But that is a special car to say the least. With so few sixes built, they were always destined to go up. Even in the 80s there was a sense that they were a little different in that regard. Regardless, I have mixed feelings about the appreciation. And besides I won't benefit. My kids can worry about it after I'm taking a dirt nap. I'm here to enjoy the six's tone as I try to hold myself in the seat through the twisties.

[GeorgeRud]

I'm very fortunate to have choices, my original '70 914-6, a '73 914-6 conversion, and a '84 911 Targa. Values of the cars were never the main consideration, the fun of driving was. I rolled away with my new bride in the original -6, spent many great years converting the '73 to a big engined -6, and enjoy the comfort and EFI of the 911 around town. On a nice sunny day, I love driving all my girls!

The price appreciation of the original -6s actually makes me more concerned about driving it. However, if someone wants the ultimate 914-6 experience, a well sorted -6 conversion with a bigger engine will put a giant grin on anyone's face.

Regardless, enjoy what you drive in good health! (IMG:style_emoticons/default/driving.gif)

[Mike Fitton]

Instead of getting into this discussion in a for sale thread, I figured I would start a new thread over here.

This is not meant to devalue the sixer because they are amazing and rare cars, but more of trying to figure out the market and how the value has skyrocketed and if there is a market for a $100K 914? As I said in another thread, I never thought I would see the day where a 914 hit six figures!

Those of us that love the 914 might be willing to shell out $100K for one if we have that kind of dough but lets be honest, most people with that kind of money will be looking at a 911. But once again, the people that have $100K to spend on a Porsche are looking for the perceived status that comes with a 911 not some forgotten volkswagen from the 70s.

Not sure the above makes any sense, if someone has the dough to buy a nice 914-6 at $100k and wants to own one he will buy it. If they have the dough for an early 911 and want one they will buy it. If they have the dough and want to own both they will buy both.

Not sure what your point is other than complaining about the cost of a nice 914-6 today. The days of owning a nice 914-6 for $50k have come and gone.

[toolguy]

A friggin fully loaded Ford or Chevy truck is $50-60K these days and will only go down is value and Chevy is selling them every day.

If you're thinking economically, the only way to own a Six is to restore one yourself, but then you're going to get sticker shock at the cost of real Six parts. .

When you figure in the cost of a starter Six {The severely challenged one on EBay that just sold for 33 large is a perfect example of the condition of entry level six's out there and their prices] .
Hard to start at $33k knowing it's going to take another $30k plus in parts to finish it properly. . so you're going to be in it for $65k plus a couple of years of your life in labor. $75k for a finished car is going to seem like a bargain in a few more years at the rate prices have changed constantly over the past 10 years.

[Hank914]

Agreed. I don't love my 1970 914-6 any more now that its value is up than I did when I paid $6000 for it brand spanking new on 9/14/71. Price appreciation had nothing to do with my decision to pull it out of a 12-year rest, fire it up and do a panels off bare metal repaint and some minor mechanical refurbishment. The decision by my wife and I to do that came because we wanted it back on the road to enjoy while we could still get in and out of it without assistance.

These things were designed for driving. We'll honor and enjoy that without letting dollar signs impede the view.

I bought my /4 from a guy who bought it 12 months old in his mid-20s and sold it to me 42 yrs later, after his retirement. Must have been a successful mid20s dude to afford that car then, even more so a /6 owner. Not many original owners around, but glad that they are still getting in and out of them and that they are being driven and not just parked.

And to answer the OP, $100K is just a number, just like $150K and $200K, both of which somebody will pay for a 6 sometime in the future. Why will they? Because they want to and they can!

[iwanta914-6]

Complaining, yeah maybe a little bit.

I just never saw the 914 (in any variation) as a "collector car" that the wealthy would be interested in dropping $100K+ on. Of course for any real car collector, $100K is nothing when the big collectable cars are going for $15M+.

So, I guess in the end it just hurts for me personally to come to terms with an original six being no longer in the cards. All I know is I better get in the 914-4 game sooner than later!

[Unobtanium-inc]

In my opinion it's hard to compare a 914 to a 356.

The problem with comparing the 356 to a 914 is they made over 100,000 914's, compared to about 75,000 of the 356's, and most of the high numbers were B/C Coupes, so the early cars and speedsters you are talking really low numbers. This is why the 914/6 has sky-rocketed, it too is very low numbers. Probably why the 944 Turbo will be valuable, as will the 928S4, but the regular ones, while pulled up by the greater market will not achieve super-star status. But it doesn't make them any less cool or fun to drive. In fact, it's probably a blessing, if they all shot up into the stratosphere, most guys couldn't afford them. It's like wanting a Speedster now, you better be rich, or do what I did and start cutting up a coupe, break out the welder and get busy!

[iwanta914-6]

Probably why the 944 Turbo will be valuable,

Please don't tell me the 944T is going to be valuable! I had an opportunity to by the one my dad had after he bought his first 911. But I was 19 and he wanted me to give him $8K for it. It was on it's second motor and 150K miles. I loved driving it around though. He ended up selling it to a club member that converted it to a track car...

[Unobtanium-inc]

Probably why the 944 Turbo will be valuable,

Please don't tell me the 944T is going to be valuable! I had an opportunity to by the one my dad had after he bought his first 911. But I was 19 and he wanted me to give him $8K for it. It was on it's second motor and 150K miles. I loved driving it around though. He ended up selling it to a club member that converted it to a track car...

I do think a nice example of a 944 Turbo will be worth some money. The attiage normally holds true, if it was hot when it came out, it will remain so.

[Rav914]

So, I guess in the end it just hurts for me personally to come to terms with an original six being no longer in the cards.

Honestly, it's what Henry Ford said, "Whether you think you can, or think you can't, you're right".

If you want an original six, make a plan, think about it night and day, modify as necessary, be positive, know that you already own it (it just hasn't arrived yet), and you'll get one. The money, the car, and the opportunity will line up. It may take years, but it will.

I'm not trying to be preachy, but this is how I go through life and things have worked out well. Still working on that barn find '73 Carrera RS lightweight, but you never know....