11 replies to this topic

[cosimo]

Just received the latest issue of Panorama and checked the "For Sale" section. Pricing ranges from $12,500 for a 94 coupe 122k miles to $35,000 for 93 coupe 16K miles. I have not seen this many 968s for sales in some time. What' going on here?

[94SilverCab]

Higher profile, lower supply...Porschephiles are beginning to realize that the 968 has been undervalued for decades.

Taking offers of $65k Firm....this offer good for 60 days

Jay

[pure&simple]

LOL, let's first see if they sell at that price! More likely, they'll list for a few months before giving up.

[flash]

yeah - i figure some people think that because a turbo model and a conversion drew an abnormally high price, and that the cars are getting a bit of attention right now, that their car will demand a high price too. unfortunately it's still way too early for that. maybe another 4 or 5 years the really low mileage cars will demand a significantly higher price tag. the big downside though is that a corresponding number of higher mileage cars will plummet directly proportionally in price. the other downside is that in order to realize that price, you have to mothball the car. that isn't good for the car, and is certainly no fun.

drive them and don't worry about the money.

[ds968]

Asking prices for the cars listed in Panorama have always been overly optimistic.. ( did not want to use the term unrealistic..) for as long as I can remember and not sure why that is but maybe now with the lower supply and some higher visibility in various magazine articles of late gives sellers greater confidence ( and hope ) to ask way above market prices.

P.S. Unlike Jay's very kind $ 65 k offer, LOL, no way, no how, I'm selling mine. Yes, everything has its price, but I really don't know what it would take to compel me into selling it, however, it would be some absurd figure so no point even giving it any thought.

Edited by ds968, 14 June 2012 - 01:37 PM.

[Rap]

$225,000 for mine. Mint with lots of cool mods, ask Flash, plus drum roll please will throw in one of the nicest garages you have ever been in.

[Cloud9...68]

I agree with Dan - I've noticed the prices in Panorama always being significantly above market. I think Autotrader is a better indicator of these cars' value.

[tamathumper]

Even a decade ago the prices in Panorama and Excellence were crack-induced.

[Cloud9...68]

Yeah, it seems that having their car in a glossy publication makes people think it's worth 25% more than out in the real world.

[986boxster1998]

I'm amazed at the price swing of one car in NJ, a 94' red cab that has 39k miles was for sale by the original owner on autotrader 2 weeks ago for $11,200; then last week at a dealer for $10,900; then a second dealer at the beginning of this week for $15,900 who then raised the price to $22,900... Unbelievable! They all posted the cars with VIN and pictures on the same site autotrader!

I agree that Panorama traditionally has higher than average prices.

[cosimo]

Also in the same issue the growing prices for early 911s. From $1M for a 1963 prototype to $165K to a '73 911S in originial condition for $165K. Boy I should have kept my 68 911E. Interesting article on how the 911 came about. I did see some of the early 911s at the Porsche museum last year. We are restoring a '73 911T at the shop with less than 10K miles. It had been stored for 10 years and the guy bought it from his grandmother for a $1. He will be spending about $10K to get it up and running, a pretty good investment. We also have a 76 930 in for a body off restoration about $50K for this one.

[Swin]

I was trying to get up to NJ to look at that exact car, and it kept getting sold before I could see it. I think its going to be on Autotrader at $23K for a while now!