Everybody's got some limit on the size of their personalized fun-bucket, depending on a lot of variables, not the least of which is psychological.
When I got into the hobby in 2000, I just couldn't make myself pull the trigger on any car costing more than $15K. I bought one for less than that, then proceeded to put stuff and effort into it until I had exceeded the original size of the bucket. I sold the car at a small profit, which is a bit like the very first sip of Boone's Farm a lifelong alcoholic drinks on his 15th birthday.
In 2002, when I was ready for something "better", I had increased the size of my fun-bucket to a more realistic number, but I still wouldn't/couldn't cross the $30K threshold. I had Henry Reisner quote me a car when the Canadian dollar was at an all-time low against the greenback. I'd never seen an IM, and John Steele was promising a car every bit the IM equal at .80 on the dollar. I bit on the most painful transactions of my life until that point. The car was a mess, and I spent more than the difference between the JPS and the IM to get it straightened out. By the time I was squared away, I had blown through my self-imposed limit for a second time.
I couldn't look at the car without seeing john Steele lurking somewhere in it, and so sold it at a bit of a loss. It was tough, but not devastating. I had reached the point of waking up embarrassed at my behaviour at the wedding the night before, but was still sure I could control my habit. This thing wouldn't wreck my life.
In 2005, I contracted with Intermeccanica to build a coach+ ( a complete car, less running gear), and pieced together the first of a half-dozen engine/transaxle permutations I've had in the car. This time, I consciously determined that I wasn't going to penny-pinch-- I'd economize where I could, but the thing was going to cost whatever it cost.
When you make this decision, it frees up your mind and opens up a world of possibility to take "the road less traveled" (or more truthfully, "the road everybody else avoids because it's slower and there's a lot of tolls"). Big engine. 4-speed 2.0. Dry-sump. Detuned big engine. 4-speed 3.0. Twin-plug engine. 4-speed 4.0. You stop adding up the outlay, because you don't want to know. There's always a bottle of vodka in the pantry, under the bathroom sink, out in the garage, and under the seat in the truck. It's a problem even you can recognize.
It's madness.
When I bought my first <$15K replica, an OG speedster could be had for $30K- $50K, coupes were less than $10K. By the time I bought the JPS, they were about $75K. By '05 when I bought the IM, original speedsters had crossed the $100K threshold. Everybody was keeping score, trying to determine how much was "too much" for a replica.
There was a guy here who liked to stir the pot (he's the reason you can't post to an old thread, or alter your posts after a period of time-- he liked edit his posts after 2 years had passed, and 25 people had commented). He was fond of pointing out 2 year/old OG speedster pricing (of the rattiest car out there), and compare it to a full-on, all bells and whistles IM and say (in effect), "you IM guys are idiots. You could've bought an original".
This whole line of reasoning did a huge favor for me. It crystallized the thought in my head that I didn't really WANT an OG museum piece. I wanted a car that looked like a "real" one, but was better by any metric of use. I wanted a car that I dreamed up and put together. I stopped caring what OG speedsters were selling for, and stopped wondering if I was being an idiot. Of course, there's a limit to this kind of thinking, but the limit is not, "what's an original cost?". The limit is, "how much can I afford to spend on this car to get what I need out of it?"
We now live in a world of $250K OG 356 coupes, and $500K OG speedsters. So what? The OG cars are no better than they were when they cost 1/10 as much. Are the people buying them idiots?
... and that's my "ah-ha" moment for 2017. The question for me isn't "how much OG Porsche love can be purchased for $100K?" The question for me is, "how many other things can I buy (that I'd like more) for the same money?"
This is the genius of Jim Ignacio.
I can honestly say that I'm happy with what I've got, and I have no desire for an original, and really couldn't care less what they are worth. I've built the car I want. I'm presently building the home I want, not because I think it's a good investment (it's a horrible investment), but because it's where I want to live (given the constraints of my profession and family commitments), and because I want what I want. There's a limit to this thinking, but everybody's got a different limit.
That's how I look at it. Your mileage may vary.