The market.........is there a market???

[clubsport]

I have kept prices and details of quite a few cars sold over the last 10 years or so....It seems to have gone a little quiet?

Just looking on PH, there is not a single genuine RS for sale.

Thomas S has one, a nice met blue 45km M002.......poa

There are 4 on mobile.de ranging form €119k to €166k !!![8D]...Oh and a couple of stratospherically priced RSR.

Are all the cars now in the safe hands of enthusiastic long term owners?

Normally we see a few come up for sale at the start of spring and the trackday season.

Just looking at the FX, as in the last few years we have seen a few cars go back to Europe from the UK.

This time last year the £ (pound) was weaker vs the € (euro) , the £:€ was 1.12 currently quoted at €1.21....which means an £80k car is effectively £6k more expensive than last year.

The thing is there are far fewer cars for sale and the offer prices appear to be perhaps 25% higher and the offered cars are in € (euros) anyway...It's not like the European buyers are beating down the cars offered out of the UK, as there aren't any!

It almost strikes me a bit like high end property in some where like South Ken. if a house sells at a certain price, the next to come on to the market is offered at an ambitious level, when that one sells...the game continues until it stops, there are fewer transactions at such rarefied levels........There do not have to be many sell to set a last traded price, but that doesn't mean you can transact at that level.

Of course, before you mention it, I am totally aware 993RS are not homogenous and we have high/low mileage cars and some in better condition than others......I just don't recall seeing things this quiet in the last 10 years.

Any thoughts......or strong bids! []

 

[RIVIERAM002]

Couple for RHD for sale at specialist cars of malton,
I'm wondering taking into account the strong Euro, bigger market, has the Left Hand Drive become more valuable than its Right Hand counterpart ?
Europe it would appear is the place to sell the Left Hookers given the prices you quote Paul.

 

[clubsport]

Steve,

The point being these elevated prices are offered prices,,,when did a car last sell?...

Some of the cars at SCOM have been there for a while now, I appreciate they offer a comprehensive warranty, but they have that factored into their business model and in some instances they appear to price an option to themselves, where the owner still has title to the car. (no disrespect meant or implied against a trader).

This no doubt works well in a buoyant bull market where there are actual transactions occurring.

With the higher asking prices, it almost seems like stale mate here for now........I can't see the 993RS going back to £50k (anytime soon?) and the market is clearly uneasy about the prospect of having to pay north of £100k to own one.

One thing to add to the mix, is that we see less of these cars being used regularly on trackdays than we did, say 5 years ago. I assume many cars are being spruced and improved, as nicer cars command a premium and as we all know, once you start down the route of improving a 16-17 year old car, the costs soon add up, which no doubt gets reflected at re sale!

 

[jimmyslr]

I'm about to put one on the market so we will see. Mine is a clubbie so that market is thinner still. To be honest would prefer a quiet sell so will probably put an "are you interested" post on here. I've been watching the market for a while and I agree with how little volume there is.

 

[RIVIERAM002]

Interested to see some photos James, small RS fraternity, a for sale will quickly spread amongst us die hards []

 

[jimmyslr]

Will do. I toyed with it pre-Xmas. Sold my 996 cup in jan so not been entirely idle. Just got the rs cs back from GTOne with service, mot and brand new oem suspension. Not cheap, but easier sell than the remote jrz set up that was due a refurb.

Spoke to Tom, whom I sourced it from in 06/7, pre Xmas. Thin market then and I don't really fancy SOR to Germany, or indeed anywhere! Some SOR horror stories around in this climate.

James

 

[mld]

I know someone in the market for a clean LHD clubsport. If you email me the details i will pass them on.

 

[Essential]

Are you looking for a spot of mark to market or looking to sell.
I had someone asking to buy my Clubsport recently and the numbers talked about were madness. It the one car my wife says don't sell.

Funny cars as bid offer can be nearly the same as asking price in some cases.

Friend of mine was asking what his polar silver RHD Clubsport was worth, not sure if it's to sell or just asking as he has a few things going on in the life at the moment. Tongue in cheek I made him £100k bid £200k offered.

 

[vic cohen]

Closest price u ve made in years !

 

[clubsport]

You just know it's "under reference" before you ask! []

 

[clubsport]

Essential, that example gets back to my point of an OTC market, there is little reference of late and each car now appears to have a potential price based on it's intrinsic value and it's owners individual circumstances.

Anyhow, I thought the Polar car was his Mrs' pride & joy???

 

[vic cohen]

Now i ve got a big red one , all my prices are like bus routes !

 

[paul howells]

we all heard you have a big red one vic[]
That was tongue in cheek for sure,200 is getting near some of the rsr money,i had a couple of interesting bids on my rsr,good interest in Asia as its the Asia cup championship winning car for a couple of years.
China is now the second biggest Ferrari market!!
Hold on to them,like a fine watch if they are good examples.

 

[vic cohen]

Great care PH i may be able to show it to u soon ........................fear its nearer to a bus rather than anything sexy !

 

[carreraboy]

Seriously, Porsche made these cars built from stone, and properly garaged will last a lifetime. They made a LIMTED number of RS in both 2.7, 964 and 993, as Mark Twain says they don't make Land anymore, don't make RS anymore geddit!

They will eventually all make 2.7 money without doubt as time fades the Air-Cooled together ...[]

With N-GT and Cup Variants commanding a premium ....

 

[clubsport]

PaulH, my understanding is that Chinese buyers are mostly keen on new cars as a status symbol.....that may change over time as their own car market develops.

 

[paul howells]

Did you see the programme on high society china,at a party,never seen so many nasty Italian cars,and quite a few porsches.
China is getting into classic cars and vintage watches as the education of such things get clearer,and they realise some things you just cant go down to the local shop or dealer to get.
Vic you will never need your bus pass,just a pdk when you are 90 plus.[]

 

[clubsport]

Looks like their economy has a slight hiccup at the moment, but ultimately you can see them hoovering up some prime pork.

We should be ok as they drive on the right hand side of the road, lefties will be sought after.....

Essential could have quite a long position with his $100k rhd bid!!!...Hoping the HK buyers are there to bail him out??? []

 

[clubsport]

ORIGINAL: carreraboy


Seriously, Porsche made these cars built from stone, and properly garaged will last a lifetime. They made a LIMTED number of RS in both 2.7, 964 and 993, as Mark Twain says they don't make Land anymore, don't make RS anymore geddit!

They will eventually all make 2.7 money without doubt as time fades the Air-Cooled together ...[]

With N-GT and Cup Variants commanding a premium ....

Des, not so limited in 2.7 & 964 variants by comparison.......remember which forum you are posting on. []

 

[Melv]

If it's anything like Japan, left hookers are seen as a status symbol!! [8|]