916 for sale/pictures |
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916 for sale/pictures |
drhamley |
May 2 2003, 09:39 AM
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#1
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Newbie Group: Members Posts: 16 Joined: 1-May 03 From: London, UK Member No.: 637 |
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silver six |
May 2 2003, 01:23 PM
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#2
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Member Group: Members Posts: 203 Joined: 3-February 03 From: San Bruno, California Member No.: 227 |
I'm not sure how long the AA 916 has been for sale at $100,000, but if it has been a while then it is indicative that the market will not support a 916 (even one that is restored) at that price. A seller can always wait for the market to turn around but he may find himself waiting a long time indeed.
To sell an unrestored 916 in the current market it looks like a $50,000 car. That's just my SWAG. I put this number on it because I remember that immaculate 914 GT "clone" with the 3.6 (or the 3.8, I don't remember) with over $100,000 invested didn't sell for the reserve, which I think was $50,000. Please someone correct me on this. I'm curious to know what happened to this car. In comparison, the 916 here is slower, not restored, and looks no better. The appeal of this car is largely that the buyer wants to own a piece of "Porsche History." I could be mistaken, but I believe the number of people who care deeply about that issue and have the money to spend on it, are fairly rare. That's why I think the car will sell for something around $50,000. And god help the pocket book of the guy who tries to correctly restore this car. I'd be curious to know what sort of bidding, if any, is happening on this car right now. Is this a public, long-term auction (like e-bay)? Or is it a closed and private bidding procedure where potential sellers submit secret bids. Anybody know what the price is at right now? Douglas |
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