Has the world gone mad?

Yes, yes it has.

 

And now those are totally beyond reach...

It takes the fun out of the hobby when it's just about valuation & collecting.

I'm sure that everyone with a pristine, unmolested, '66 (first year) 911 in their garage is delighted to see such an asking price. Sort of makes up for dismal performing past investments!...

 

Besides, you can't drive a fat investment portfolio to a Saturday morning 'Cars & Coffee' 

They have gone nuts.

Not to contradict - but I think you could actually get a 911 in 1965. These are the true 'earliest' 911's out there and are coveted as the 'white whale' of the early 911 series.

 

Granted - I am in no way the expert, I just remember seeing several mentions of how to tell a 65 from a 66.

 

Ted

Hagerty shows a #1 car at a max in the $170k range.  I really like seeing this also as I have a unmolested '69 912 sunroof coupe (I know, much less valued than the 911).  Mine is a strong 2 car.

 

 

Carl, I can almost bet that a SWB long-hood w/ an asking price of $400k isn't likely to be seen driving anywhere but on a stage at some auction house.

It's a pity. Nice as they are, and as much as I love them... they pretty much are just fancy old cars, with all of the attendant hidden rust issues. This car is approaching 50 years old. Even viewing them as an investment, it would scare me silly-- who really knows what's under that shiny paint?

Original? Restoration? What does that even really mean? The 356 at KCW's (you know, the one with rust everywhere, from about knee high down) was supposedly restored recently.

No thanks. Seeing these ads makes my insane obsessions seem perfectly rational. I love my overpriced, plastic dune buggy.

BADSPD,

912 prices are going nuts as well. As recently as two years ago, they were pretty much dirt cheap. No more. Not by a longshot.

It's a good time to be an early Porsche seller, and a terrible time to be on the market to buy.

Stan,

 

I know on the pricing.  I have had to increase my coverage twice in a year.  My car is a one owner, my uncle.  Who ordered it and I have the order sheet and all other records.  I say my car is a strong 2 but with docs and sunroof, should be valued at about $55K.  Maybe more.......  First year of LWB, Long Nose, and last year of 912.... except the 912E in '76.

 

Stephen

 

 

Seems a tad high, doesn't it?

 

At that asking price, I wonder if that is Steve McQueen's car from "LeMans"??   As I remember, he bought it from the production company (which was also him, I think) and brought it back to California and it was auctioned off a few years back.

I am not sure but I think that the Steve McQueen's car was newer than 1966 and sold for a whole lot more.  Not remembering though, so as always, I could be wrong.

 

I thought that the first 911 was shown in a German auto show in 1963 and was first offered in America in 1964, probably on a limited basis.  

I think you're correct. The car in the autoshow had a non operational engine. It received a 'working' motor in 64. Production of the 911 began in September 1964, the first 911s reached the US in February 1965.

 

 

912's are on the rise for sure. Not as strong as a 911, but the increase in value is pretty astonishing for a car which was almost as bastardized as the "Dino".

 

If you own a two owner sunroof car with low miles and a pile of documentation - you're super fortunate! That has to be a tough decision though.  To keep or sell a car that's been in the family it's whole life.

 

If it's me? That car stays in the family unless you need the bread for medical bills or to keep from going into foreclosure.

 

T

Ted,  still a one owner car.  I am just "caring" for the car....  There would have to be some major thing that would cause me to sell, I mean MAJOR.  It is my birth year car.  

 

 

 

If you are nuts enough to pay that kind of money..........they will surely take it

If it hits reserve there's 20 to 30 grand in fees, maybe more...

'66 911 for $400K….Emperor's clothing! 

It is simply the rarity of the car.  I would give maybe $25k but the way I value my car is how it drives.  Since you can't drive it I have no use for it.

 Surely the the Seller is a regular at:  " Bongs R' Us "

Hey, JayZ spends that on a bad week...

The reason it is so expensive is the MG-style grill.

 

Grills cost, yo.

Makes it go faster, too.