Values —— Options

[sixaddict]

The following is quote from recent Hagerty emailing.
“The collector car market climbed steeply for two years, but may have reached cruising altitude. Data from our various indexes, which track specific vehicle segments, indicate rationality is returning. If you watched recent Mecun auction you’d never know it.
Kind of like real estate in my neighborhood…….market cooled, sellers just don’t know it yet ( or acknowledge it with prices). Probably accurate from watching things hang around longer.
There’s more extensive information in the article this was just the tease.
For what it’s worth.

[emerygt350]

Panorama has a nice bit on 914 valuations this month.

[sixaddict]

Will have to check it out…..didn’t see it on quick scan obviously not too observant.

[Lockwodo]

Panorama has a nice bit on 914 valuations this month.

Panorama magazine seems to be members only. Can you post the article or the grist of it? Thanks!

[emerygt350]

[emerygt350]

Tried fixing that pic but no luck.

[emerygt350]

[GregAmy]

Anyone who's interested in paying $55k for my '74 2L, please PM me. I can leave tomorrow morning to deliver it to you at no charge.

[Michael N]

I was surprised that Panorama actually created a separate tracking for the Limited Edition cars. First time in a pricing guide that I saw them actually tracked separately. Bravo Panorama!

[TonyA]

Yep it makes sense to group the LE separately just like the 914-6

[JeffBowlsby]

Yep it makes sense to group the LE separately just like the 914-6

‘Bout time I say. (IMG:style_emoticons/default/biggrin.gif)

[Chris914n6]

Doesn't directly apply to 914s but I saw some things when I was doing a valuation for Dad's TR4. Lots of restored cars listed for big bucks but not selling and/or being paid for. Sold cars were mostly good drivers for $8-15k. Unfortunately the cost of doing even a DD resto put it over that.

914s have plenty of real world advantages over a 60s British roadster, but I think it's a glimpse of the future...

1 Everyone that did well in the stock market cashed out and bought something already.
2 The group of enthusiasts of cars this old is getting smaller, as in, aging out - too old to drive, other priorities, dying, yada.
3 Younger drivers are sold on the features of newer stuff. $30k buys a nice modern car with A/C, paddle shift, airbags, etc.
4 Current and short term (hopefully) financial market situation.
5 Cars are getting too expensive to restore to justify it. Mainly because of the labor market.

There will always be collectors and builders, but I think the classic car boom is ending with the Boomers.

[Steve]

There was a mint 74 2.0 at Cars & Coffee yesterday. He wanted $30k for it. Some people said it’s $10k under valued…?? Last week there was a clean not mint 73 for $34k. We all know those are asking prices.

[rjames]

There will always be collectors and builders, but I think the classic car boom is ending with the Boomers.

I tend to believe this, too.

[wonkipop]

Doesn't directly apply to 914s but I saw some things when I was doing a valuation for Dad's TR4. Lots of restored cars listed for big bucks but not selling and/or being paid for. Sold cars were mostly good drivers for $8-15k. Unfortunately the cost of doing even a DD resto put it over that.

914s have plenty of real world advantages over a 60s British roadster, but I think it's a glimpse of the future...

1 Everyone that did well in the stock market cashed out and bought something already.
2 The group of enthusiasts of cars this old is getting smaller, as in, aging out - too old to drive, other priorities, dying, yada.
3 Younger drivers are sold on the features of newer stuff. $30k buys a nice modern car with A/C, paddle shift, airbags, etc.
4 Current and short term (hopefully) financial market situation.
5 Cars are getting too expensive to restore to justify it. Mainly because of the labor market.

There will always be collectors and builders, but I think the classic car boom is ending with the Boomers.

(IMG:style_emoticons/default/agree.gif)

drive them while you can.

[Unobtanium-inc]

The following is quote from recent Hagerty emailing.
“The collector car market climbed steeply for two years, but may have reached cruising altitude. Data from our various indexes, which track specific vehicle segments, indicate rationality is returning. If you watched recent Mecun auction you’d never know it.
Kind of like real estate in my neighborhood…….market cooled, sellers just don’t know it yet ( or acknowledge it with prices). Probably accurate from watching things hang around longer.
There’s more extensive information in the article this was just the tease.
For what it’s worth.

I'm seeing this all over Porscheland, everyone is telling me the high prices from several years ago, but these prices don't reflect today's reality. I recently had this happen with a family who was selling their dad's car. They said, "Daddy said it was worth XXX"
I showed them 4 other cars, same model, I had bought in the last 18 months and what they sold for. We were able to come to terms that worked for everyone, but often people hold out for a price they saw on BAT or one they heard about, only to still have their car months later. One of the benefits of being really in tune with the market is you can capitalize on an upward trend because you see it before others do, but the downside is you then have to watch the early, middle, and end of a downward trend, long before anyone knows it's there.

[rhodyguy]

The Barrett/Jackson auction is insanity. 800k+ cars seems like a dime a dozen. 1M is not out of line. Used cars…everyone needs a black 6x6 Range Rover sporting yellow ASBs.

[Bullethead]

Doesn't directly apply to 914s but I saw some things when I was doing a valuation for Dad's TR4. Lots of restored cars listed for big bucks but not selling and/or being paid for. Sold cars were mostly good drivers for $8-15k. Unfortunately the cost of doing even a DD resto put it over that.

914s have plenty of real world advantages over a 60s British roadster, but I think it's a glimpse of the future...

1 Everyone that did well in the stock market cashed out and bought something already.
2 The group of enthusiasts of cars this old is getting smaller, as in, aging out - too old to drive, other priorities, dying, yada.
3 Younger drivers are sold on the features of newer stuff. $30k buys a nice modern car with A/C, paddle shift, airbags, etc.
4 Current and short term (hopefully) financial market situation.
5 Cars are getting too expensive to restore to justify it. Mainly because of the labor market.

There will always be collectors and builders, but I think the classic car boom is ending with the Boomers.

(IMG:style_emoticons/default/agree.gif)

drive them while you can.

(IMG:style_emoticons/default/agree.gif) Ditto. Sooner or later we'll all be gone and someone else will have them.

[Unobtanium-inc]

Doesn't directly apply to 914s but I saw some things when I was doing a valuation for Dad's TR4. Lots of restored cars listed for big bucks but not selling and/or being paid for. Sold cars were mostly good drivers for $8-15k. Unfortunately the cost of doing even a DD resto put it over that.

914s have plenty of real world advantages over a 60s British roadster, but I think it's a glimpse of the future...

1 Everyone that did well in the stock market cashed out and bought something already.
2 The group of enthusiasts of cars this old is getting smaller, as in, aging out - too old to drive, other priorities, dying, yada.
3 Younger drivers are sold on the features of newer stuff. $30k buys a nice modern car with A/C, paddle shift, airbags, etc.
4 Current and short term (hopefully) financial market situation.
5 Cars are getting too expensive to restore to justify it. Mainly because of the labor market.

There will always be collectors and builders, but I think the classic car boom is ending with the Boomers.

I'm seeing lots of interest in Porsche from young guys, they tend to buy cars on the rougher side, guys with more ambition than money. I routinely push these guys toward the 914. I tell them they can spend $20,000-25,000 on the worst 356 on the planet or spend the same amount on a 914 and have a lot of fun instantly. Many have taken my advice. But as these same guys make more money they are coming back to buy pricier cars, guys in their 40's and 50's, so not boomers. I don't think we will see another sky rocketing of prices like we saw around 2015, but we aren't going to see any big drops either, I'm seeing more of a leveling off on prices with some backtracks from record highs, but nothing too crazy.

[Lockwodo]

(IMG:style_emoticons/default/agree.gif)

I bought my 914 from a millennial. Porsches like 356s, 911s and 914s will continue to have broad appeal. I have several 60's V8 cars and they plateaued some years back. But they sure are fun to drive and maintain.

As wonkipop said, "drive them while you can".