Too many 911's built to sustain the current price levels. I guess we'll find out soon enough....

It's hard to read the future, especially in these days of economic turmoil, but even 912s and 914s (in vey good condition) appear to be increasing in value.

The market value for first year 901s/911s still appear to climbing to nutty numbers from the responses I'm receiving from most of the '232' guys ... and 'stupid money' at that

I wonder if first year '53 Corvettes are still going for big buck these days?

watching "what's my car worth" and a 21 window kombi selling for well over $!00k (insert eye popping smiley) had me all . apparently there are un-popped bubbles. i wonder if you will have to sign some sort of non-disclosure agreement when the buyer for the 911 surfaces?

k

I can connect you with Ingram's if you want...

I know you've gotten tons of advice, from every angle, and the last thing you need is more....but...I would recommend selling it, and here's why:

You said you don't have time to work on it, to get it done RIGHT. You have access to the resources, but are you willing to spend the time and money to watch it get done? Also, say you can get $200k now (more on that in a sec), if you put $100k into restoration, will you get MORE than $300k for it? You'll need to because if you can profit $200k now...why wait to make the same amount? I recently want through that dilema with a car (albeit, on a MUCH smaller scale).

If the guy is eager to talk to you after throwing out a "in excess of $150K" comment, it's worth a lot more. There are guys in Germany that pay crazy money for rare Porsche's....I've sold to a guy that works with some of them. Paid top dollar for a perfect 914 I had.

There are 30 of your car IN THE WORLD...how many are currently changing hands?

will values go up down the road? probably, but unless YOU plan to do the restoration, it would be good for the car, and the collector community, to get that car to someone that will do it now.

Take the money, invest it, buy other cars, etc. Parlay the metal, rubber and vinyl in your garage into bigger things...

Good Luck with your decision!!

My $0.02.

If I was in your shoes I would spend a bit more time to find out if the 150K offer is reasonable, and if it was - sell, payoff the mortgage and get ahead elsewhere (even buying a beck!).

As other commented you can spend 100K on a resto, maybe the value will go up (maybe down), and after putting that much cash into it really doesn't seem like you will get any more money for it (maybe 25K or so more?) and that's a big gamble on an unknown return.

Or if it is really important to you, keep it stashed away..

Another thing to consider...now that you've 'let the cat out of the bag' so to speak, you will now and forever be hounded by inquistors wondering what you are doing with it, are you selling it, offering unsolicited advice, etc...

You guys need to reset your idea of value here, vin #300250, outside the more valuable first 232 range, sold restored for over 400k a few months ago, and will be at auction again in Monterey in August, they are estimating $450-550k

Euro911's car is probably worth 300k or more as is, the guy trying to buy it was looking to quickly double his money...

Wow! Its amazing the 911s are leaving the 356's in the dust. And which is why I think the amazing prices right now are temporary.

OK, fair, but the point still stands. How much more $$ is the car worth restored vs. the investment of time and $$ needed to get there?
And I agree, don't take the $150k.

so...float it out there for big money, if someone bites, great, if not, THEN make the decision on what to do. You never know till you ask...

mark is getting richer in every other post #. RON! QUICK!! drive over and stop marks head from spinning.

With all this press, you should bump up the insurance...

bumping insurance has got to be the best advice yet!

We're good Steve, and I do appreciate your insight. It's never been a big secret and we've accounted for that 'possibility', although a reevaluation is sound advice based on recent market changes. ... I'll call the old Hag back

I originally replied to the recent Bird Board inquiry with the "an offer would need to be in excess of $150K", based on a couple of offers from a couple of years ago. I had no intention of selling at 150, just wanted to see what he might be thinking. Again, since I hadn't followed the recent market, I asked for opinions from a few sources.

The gentleman didn't provide a dollar figure until yesterday, and it was considerably higher than the 150, but I'm hearing numbers even higher numbers from the '232' group as well as from knowledgeable folks here.

As for non-disclosure, that's pretty much a given, Kev, but it is a very noteworthy point to bring up. EDIT: Oh, and lunch is on me.

For the time being, I am going to continue working on some aspects of the restoration. I plan to complete the reassembly of the drive train - it's half way there already.

Head spinning? ... I'd be lying if I said it wasn't, but I'm actually pretty level-headed and won't do anything rash ...

Mortgages are already paid off, Travis ... remember, I'm kind of an old fart

Then get a fake set of those titties you always wanted!! whoop whoop!!

So, what does Dianne plan on doing with all this money? I've already spoken to her about it by the way.

we had this same conversation in this past year about Greg Fullmer's Glockler 914-6-GT

he sold it

and is now <quote> " ... driving a Cayman R. I miss the green car but enjoy the AC. I ran my 1st auto X in it last weekend. A lot of fun. .... working on restoring my 356 so am staying busy"

.

Ride the High = Sell. timing is everything0...

This is like watching a "Barn Find" story unfold in real time! Get Jamie to film a video, then the $$$ will really take off.

looking forward to the "chasing classic car" episode. tell wayne howdy from the good folks @ 914world. ha

Insurance and potential hassle of ownership of a true classic was mentioned in an earlier post.

As a side note, I caught up with John Paterek last year, he had sold his Porsche America for a princely sum. I saw it a few times in the 80's when I lived out east, what an amazing vehicle. He paid less than 20K, which was a boatload of money back then.

But part of selling was he was the worry associated with the classic. He originally stored it in a rust-free purpose-built hole under his house but as values rose he had to insure it, stored it elsewhere and he became worried about theft and damage.

Then he drove it to Hershey and an unaware SUV cut him off accidentally. No, he didn't get into an accident, but he reluctantly sold after that. He realized he could no longer enjoy it. Paid off the house, kids college, bought a 356 and had some left over.

Paul

Sell ....

How many non-running cars are on your property today?

And about that 2.7L ..............

That rings so true, Paul. Several years after we were married, my wife asked me when I was going to finish it up so she could drive it. I think she lost interest when I told her that she wasn't going to get to drive it.

When I saw the look on her face, I had to explain that I wouldn't be driving either. Out of the trailer and onto the grass ... and then I'd accept sealed bids for it.


I'm not like Jay Leno. I can't afford to drive around half-million dollar cars without worrying about the potential damage issues

... I don't get paid good money for my jokes either

obviously...

Not as many as you

Yeah yeah - 2.7, I know

She misses THOMAS, so we'll probably take a trip to the Fatherland for one

All four of mine run and are drivable.

I keep getting chided for not painting The Grey Ghost and fixing the oil leaks. Well, I like to drive the car and shelling out $3K for paint and then worrying about rock chips, etc., would make me not drive it at all. Oil leaks ... just a convenient way of having fresh oil at all times.

Restore the car, tear up the front yard and build a clear glass environmentally controlled, fully secured chamber for it off the house so you can sit in your living room and admire the pile of metal that is worth a bazillion dollars.

I knew Paterek's when we lived in NJ and remember that car, it was his pride and joy...but eventually the 'joy' started turning into a bit of 'fear' for exactly what you said. At one point I think he turned down an offer from the factory. Not sure who he eventually sold it to, but he actually had the look of relief next time I saw him. They bought a 'driver' 356 that they could enjoy and not worry about as much.

Sure, if you're a Leno, Seinfeld, Ingram, Canepa, etc and have the facilities and resources to store and protect such a car, that's great. But some of us mear mortals typically can't expend those resources just for one car...then again, maybe I'm wrong??

Good luck with whatever your decision!!

I rounded up the 'machinable' engine components yesterday and they're headed to the machinist for evaluation. It ran great when I tore it down (to replace the oil cooler seals and oil return tubes), so I'm not expecting a large outlay for the machine work ... just some minor clean up and possibly polishing, then reassembly.

Still haven't come to any conclusions, but at least I'm giving the old gal some time and consideration. I am still planning on obtaining current day estimates and quotes for the tasks that are beyond my capabilities. It's not like I forgot how to turn wrenches, I just can't grasp them with the same energy level I had when I first started in on her

Another thing to consider, if I do sell her, I can use the proceeds to invest in an industrial property and see if the rental income will completely pay the mortgage. I don't see many vacancies down this way, so Ill have my cousin start rounding up some listings

well then. just put the engine in and autocross it.

Oh the taxes !
Advertise and sell the car for the highest offer.
BUY the best hot rod pre '74 you can find. It will be more fun than any stock 911 ever was. It will be very usable and no hassle to enjoy.
And best of all the fun begins with practically no delay.
Tempis Figit.

We won't talk about your first line

I still have a '66 912 and a '67 912 (converted to a 2L '6'), so we won't be missing out on the 901 body experience

I told my wife that I'd try to find her a really nice pre-'76 BMW 2002 tii grocery-getter and I really would like to get a Beck 550 to fart around in. I have a choice of air-cooled motors that can be stuffed in it ... 912, T-4, 2.0L '6' or a 2.7L '6'

Actually, I think a '4' would be more than adequate, and they don't need as much oil

You're ignoring the best ideas Mark. And hey why not plasti-dip it for the events?! I'd pay for the product if Kevin and I were allowed to pick the color(s) .

I thought I had dibs on the 2.7....

C'mon, a 2.7 in a glass 550? ... I don't want to end up like James Dean

You do have dibs, Colin. I got to spend the day at the shop yesterday. I installed an early 911 flywheel and a bell housing on it a couple of weeks ago, just located and installed a starter yesterday. Gonna get the compression #s soon.


So plasti-dip the 911 and AX ... or how about Lemons ?

Yeah, you'd have to name it "Color Me Nutz" ...

I had NO clue that these had crept that far north. Holy shit!

Good luck. That'd be a tough decision for me...

Any sale I would do on this car would be CASH and carry. Period.

I hate to pay taxes on a car that the government has absolutely NO claim to.

Eff. them.

With this many Benjamins passing hands, security is another issue to consider. Fortunately, I have several friends that are retired LEOs, so armed security is only a phone call away




Yup, exactly which politician or 'official' agency employee handed me any wrenches over the past 37 years

Anybody, anybody, Bueller

^^Exactly!!!!^^^^

I wish I had held on to my 69S & 74 Euro Carrera RS just to see what the Bubble would have gone to!

Click to view attachment

Click to view attachment

Technically, its the buyer that pays the tax when they go to register it in their state, not the seller.
Now, if you're talking income tax, as far as I know there is no tax on selling personal property unless it's sold through a business. The buyer would have to issue you a 1099 for that to take effect...which, of course, they won't.

There is a very high probability that, if you sell it, it will sell in Europe - probably Germany. there are some very savy buyers over there that know everything on how to pay you, have it picked up, transported, and all duties and taxes they need to pay. quite easy, honestly. I've sold 3 that way, they wired the money, once received I overnighted the title and paperwork, they sent a transport company to pick it up with all the transport paperwork, Done.

depositing the money (esp in such a large amount) into a financial institution most definitely set off an alarm of some sort.

Yup, last time I worked in a financial institution any amount $10K or more had a special report form to be filled out and submitted to the IRS. The amount may have changed, but the reporting does not. Also, FDIC only covers up to $100K IIRC per account. So, you would have to have several accounts to protect against loss. Or just stuff it in your mattress

that only applies to a cash deposit, not checks, wire transfers, etc. anything that's traceable.

Either you guys only ever sell old, worn out 914's or you have a lot of $$ stuffed under your mattresses.... 5 and 6 figure deals on cars and such happen every day...

$10K + does raise a red flag. Everybody wants to know where it came from and possibly why - I think it's an attempt to track down illegal activities, like mob $