Monterey Auction results? Options

[horizontally-opposed]

^ Yes.

A few things, as I've been trying to wrap my head around this result:

1) You might spend $100k on a $5k 914 trying to get it to the level of the 1.8 that sold for $93k, and you still won't get there because it won't be...an original, low-mileage car.

2) The auction world is its own kettle of fish. There's the value of the car. And then there's the mood of the room and whether or not it has the right buyers in it. Translation: The results are interesting, but hardly as indicative as some want us to believe they are.

3) As one friend noted, sure, this 914 1.8 price is crazy in light of a lot of other cars you can buy for similar money, but maybe it's not so crazy in light of what people pay for something else they are nostalgic about: vintage VW buses. And a 914—even a 1.8—is surely a better drive.

[jkb944t]

Just a few years ago a friend bought a 914-6 for $35,000 when the market was closer to $25,000. I thought it would take many years for the market to move up for him to ever break even on his purchase. I was way wrong on that assumption.

Granted a 1975 1.8 at $93,000 seems way out of line but who knows at some point sooner than any of us might think they might end up in that range.

Jeff B

[GregAmy]

Granted a 1975 1.8 at $93,000 seems way out of line but who knows at some point sooner than any of us might think they might end up in that range.

I really hope these are aberrations. 'Cause if my nice driver-quality '74 2L becomes an expensive collector car then it'll get parked, sold, and I'll get something else fun to drive.

[Unobtanium-inc]

Granted a 1975 1.8 at $93,000 seems way out of line but who knows at some point sooner than any of us might think they might end up in that range.

I really hope these are aberrations. 'Cause if my nice driver-quality '74 2L becomes an expensive collector car then it'll get parked, sold, and I'll get something else fun to drive.

We can only hope the "investors" don't start buying 914's, they have been a real pain in the 356 world. I'm so sick of guy's calling me looking for a Porch 356, but it must be "Investor Class". WTF does that even mean? Do I look like I'm investing right now?

[wes]

Granted a 1975 1.8 at $93,000 seems way out of line but who knows at some point sooner than any of us might think they might end up in that range.

I really hope these are aberrations. 'Cause if my nice driver-quality '74 2L becomes an expensive collector car then it'll get parked, sold, and I'll get something else fun to drive.

We can only hope the "investors" don't start buying 914's, they have been a real pain in the 356 world. I'm so sick of guy's calling me looking for a Porch 356, but it must be "Investor Class". WTF does that even mean? Do I look like I'm investing right now?

Well looking like a great investment in fun but then I believe that's the case for most of us here!

[SKL1]

Was reading that the 914-6 was restored by Chip Ganassi's race shop as it was his car. Probably had to sell as he wouldn't fit it in anymore... (IMG:style_emoticons/default/smile.gif)
It looked really nice but had an incorrect rear bumper.

As for the 1.8- 93K with the buyer's premium??? As noted above, somebody had WAY too much to drink!!

[76-914]

I'm not as refined as you guys nor do I know anything about current values. What really caught my eye is this is a 75-76. The lowest of 914's or so I'm told. I thought it would be a 73 or 74 2.0. Again, what do I know? (IMG:style_emoticons/default/biggrin.gif)

[Mueller]

I'm not as refined as you guys nor do I know anything about current values. What really caught my eye is this is a 75-76. The lowest of 914's or so I'm told. I thought it would be a 73 or 74 2.0. Again, what do I know? (IMG:style_emoticons/default/biggrin.gif)

Not many people like the big rubber bumpers and at least in California the '76 needed smog equipment which can be a pain.

Lighter and nicer looking bumpers is what really makes the earlier cars more desirable I would say.

As Bruce Anderson would say, buy the latest best condition car you can find or afford.....or something like that (IMG:style_emoticons/default/wink.gif)

[JeffBowlsby]

I think Pete hit the important factors for this sale.

A car is only original once and a 3k mile 40 yr old car is as rare as it comes. No one can recreate original nor can it be bought it at any price to add to another car.

Of the high value 914s I track, the year/model/engine size/color etc are only secondary considerations. The value is highly determined by originality and condition more than anything. There seem to be an abundance of late model 1.8s with high values. Maybe there is a reason these CA s were not driven more?

[BuddyV]

How much?????!!!!!

Well.... I just decided to NOT backdate my bumpers.

(IMG:style_emoticons/default/beerchug.gif)

[rgalla9146]

Granted a 1975 1.8 at $93,000 seems way out of line but who knows at some point sooner than any of us might think they might end up in that range.

I really hope these are aberrations. 'Cause if my nice driver-quality '74 2L becomes an expensive collector car then it'll get parked, sold, and I'll get something else fun to drive.

We can only hope the "investors" don't start buying 914's, they have been a real pain in the 356 world. I'm so sick of guy's calling me looking for a Porch 356, but it must be "Investor Class". WTF does that even mean? Do I look like I'm investing right now?

What ?
Every car you buy is an investment.
Every one of them is for sale.... for a profit.
You are dealing very nicely with those ' real pain' guys in the 356 world.
You're crying all the way to the bank.
You've even said on this site that you've sold millions of dollars worth of cars.
Truly 'The pot calling the kettle black'

[914_7T3]

Just received this today from FLATSIX.Com. I'm guessing that higher $$ are with buyers fee!

Apparently these guys haven't noticed!

(IMG:style_emoticons/default/confused24.gif)

https://www.pca.org/news/2017-08-29/five-in...nterey-auctions

[GregAmy]

What ?
Every car you buy is an investment.
Every one of them is for sale.... for a profit.

I see you're new to this "owning a car" thing. Welcome! It can be really fun! Let us know if you have any questions, we're here to help!

[rgalla9146]

What ?
Every car you buy is an investment.
Every one of them is for sale.... for a profit.

I see you're new to this "owning a car" thing. Welcome! It can be really fun! Let us know if you have any questions, we're here to help!

Yep, brand new.
Give this beginner a couple tips please.

[Unobtanium-inc]

Granted a 1975 1.8 at $93,000 seems way out of line but who knows at some point sooner than any of us might think they might end up in that range.

I really hope these are aberrations. 'Cause if my nice driver-quality '74 2L becomes an expensive collector car then it'll get parked, sold, and I'll get something else fun to drive.

We can only hope the "investors" don't start buying 914's, they have been a real pain in the 356 world. I'm so sick of guy's calling me looking for a Porch 356, but it must be "Investor Class". WTF does that even mean? Do I look like I'm investing right now?

What ?
Every car you buy is an investment.
Every one of them is for sale.... for a profit.
You are dealing very nicely with those ' real pain' guys in the 356 world.
You're crying all the way to the bank.
You've even said on this site that you've sold millions of dollars worth of cars.
Truly 'The pot calling the kettle black'

Yes, I sell cars, but I can complain of the changing nature of the buyer. What was once fellow Porsche lovers is quickly being replaced with Blue Chip Hunters who have no Porsche soul. So yes, I will sell them cars, for profit, this is America, but it makes it a lot less fun. I've always enjoyed getting pictures from guys after they restore their cars, or even better getting to see those cars at events all restored. Like this one, a B Coupe I sold to a judge in OH, who is now a friend. Several years after selling him the car I got to park next to it at a Registry Holiday, now that was fun! The new buyer doesn't even want to drive the car, he just wants it to "mature" so he can "cash out". The judge's car is the white one, the red one on the other side is the car they use on the TV show Vampire Diaries, it was a fun group.
So yes Rory, I'm making bank, but that's not all there is to life, or this business.

On another note, you can read the story of finding that car here on my blog, it was a wild trip.

https://unobtaniuminc.wordpress.com/2010/03...-from-the-edge/

[porschetub]

Granted a 1975 1.8 at $93,000 seems way out of line but who knows at some point sooner than any of us might think they might end up in that range.

I really hope these are aberrations. 'Cause if my nice driver-quality '74 2L becomes an expensive collector car then it'll get parked, sold, and I'll get something else fun to drive.

We can only hope the "investors" don't start buying 914's, they have been a real pain in the 356 world. I'm so sick of guy's calling me looking for a Porch 356, but it must be "Investor Class". WTF does that even mean? Do I look like I'm investing right now?

What ?
Every car you buy is an investment.
Every one of them is for sale.... for a profit.
You are dealing very nicely with those ' real pain' guys in the 356 world.
You're crying all the way to the bank.
You've even said on this site that you've sold millions of dollars worth of cars.
Truly 'The pot calling the kettle black'

Well said Rory, he gets flamed when he go's on here and just brushes it off (IMG:style_emoticons/default/sad.gif) ,not well thought out comments on his part.
Except for self promotion little else happens as a member that has been on here longer than me (IMG:style_emoticons/default/av-943.gif) (IMG:style_emoticons/default/av-943.gif) (IMG:style_emoticons/default/av-943.gif) (IMG:style_emoticons/default/av-943.gif) .

[rgalla9146]

Granted a 1975 1.8 at $93,000 seems way out of line but who knows at some point sooner than any of us might think they might end up in that range.

I really hope these are aberrations. 'Cause if my nice driver-quality '74 2L becomes an expensive collector car then it'll get parked, sold, and I'll get something else fun to drive.

We can only hope the "investors" don't start buying 914's, they have been a real pain in the 356 world. I'm so sick of guy's calling me looking for a Porch 356, but it must be "Investor Class". WTF does that even mean? Do I look like I'm investing right now?

What ?
Every car you buy is an investment.
Every one of them is for sale.... for a profit.
You are dealing very nicely with those ' real pain' guys in the 356 world.
You're crying all the way to the bank.
You've even said on this site that you've sold millions of dollars worth of cars.
Truly 'The pot calling the kettle black'

Yes, I sell cars, but I can complain of the changing nature of the buyer. What was once fellow Porsche lovers is quickly being replaced with Blue Chip Hunters who have no Porsche soul. So yes, I will sell them cars, for profit, this is America, but it makes it a lot less fun. I've always enjoyed getting pictures from guys after they restore their cars, or even better getting to see those cars at events all restored. Like this one, a B Coupe I sold to a judge in OH, who is now a friend. Several years after selling him the car I got to park next to it at a Registry Holiday, now that was fun! The new buyer doesn't even want to drive the car, he just wants it to "mature" so he can "cash out". The judge's car is the white one, the red one on the other side is the car they use on the TV show Vampire Diaries, it was a fun group.
So yes Rory, I'm making bank, but that's not all there is to life, or this business.

On another note, you can read the story of finding that car here on my blog, it was a wild trip.

https://unobtaniuminc.wordpress.com/2010/03...-from-the-edge/

And now, back to your regularly scheduled self promotion.
YOU are the changing nature of buyers.
'Porsche soul' from you.....I love it.

[GregAmy]

The ironic - and sad - part about that whole deal is that it's the enthusiasm of the "Porsche Souls" - us - that attracted the Blue Chip Hunters...

[GeorgeRud]

Though I'm fortunate to have a car that's been an appreciating asset, the increased values do make one more reluctant to drive them as often. My 914-6 started as my daily driver back in the 70's though it now mainly sits in the garage.

Also, the comradary of Porsche owners from back in the days seems to be lacking with many of the owners of the newer cars. Luckily, these Forums are populated for the most part with 'true believers' (and luckily some new converts as well)!

[Unobtanium-inc]

Granted a 1975 1.8 at $93,000 seems way out of line but who knows at some point sooner than any of us might think they might end up in that range.

I really hope these are aberrations. 'Cause if my nice driver-quality '74 2L becomes an expensive collector car then it'll get parked, sold, and I'll get something else fun to drive.

We can only hope the "investors" don't start buying 914's, they have been a real pain in the 356 world. I'm so sick of guy's calling me looking for a Porch 356, but it must be "Investor Class". WTF does that even mean? Do I look like I'm investing right now?

What ?
Every car you buy is an investment.
Every one of them is for sale.... for a profit.
You are dealing very nicely with those ' real pain' guys in the 356 world.
You're crying all the way to the bank.
You've even said on this site that you've sold millions of dollars worth of cars.
Truly 'The pot calling the kettle black'

Yes, I sell cars, but I can complain of the changing nature of the buyer. What was once fellow Porsche lovers is quickly being replaced with Blue Chip Hunters who have no Porsche soul. So yes, I will sell them cars, for profit, this is America, but it makes it a lot less fun. I've always enjoyed getting pictures from guys after they restore their cars, or even better getting to see those cars at events all restored. Like this one, a B Coupe I sold to a judge in OH, who is now a friend. Several years after selling him the car I got to park next to it at a Registry Holiday, now that was fun! The new buyer doesn't even want to drive the car, he just wants it to "mature" so he can "cash out". The judge's car is the white one, the red one on the other side is the car they use on the TV show Vampire Diaries, it was a fun group.
So yes Rory, I'm making bank, but that's not all there is to life, or this business.

On another note, you can read the story of finding that car here on my blog, it was a wild trip.

https://unobtaniuminc.wordpress.com/2010/03...-from-the-edge/

And now, back to your regularly scheduled self promotion.
YOU are the changing nature of buyers.
'Porsche soul' from you.....I love it.

Let me tell a story about buying Porsches. I went to New Jersey several years ago because a guy called me about an 1964 SC Sunroof Coupe for a good price. I drove down the next day, looked the car over for 5 minutes and said I would buy it at full asking price. While I was loading it a guy in a Mercedes kept circling the block. We, the owner and me, finally asked the guy in the Mercedes if he was lost. He asked if there was a Porsche for sale, the owner said no, he said "there was a Porsche here a few weeks ago." The owner said it was sold. The guy in the Mercedes than looks at me says "YOU!" and drives off. The guy in the Mercedes was your brother Robert. The owner then said that two brothers had come out several weeks before, weren't very nice and offered him half of his asking price, acting like they were doing him a big favor. So if this the "old buyer" versus the "new buyer", I prefer to be the new buyer, paying asking price for a good car, rather than ripping off the seller, but then that's probably been the Gallagher way of buying for decades now.
So what's my lack of a Porsche Soul, I have a large personal collection, many of which came from good Porsche friends, like my 58 Coupe that won Daytona, that came from my friend Jim Watson. Is my perceived lack of a soul because I'm not as old as you? I wasn't out ripping people off in the the 80s like the Gallagher Brothers? Well, you got me there, I wasn't ripping people off then, and I don't rip them off now. That's the reason I can fill whole trucks with Porsches, because seller's like me, trust me, and know my reputation for being fair. How many trucks have you filled Rory? I bet not many. So I think I'll stick to being a "new buyer" and go fill some more trucks.