Why these not selling?
Why these not selling?
Author
Discussion

bridey0

Original Poster:

2,961 posts

215 months

Friday 13th April 2012
quotequote all
http://www.gtclassics.co.uk/gtcsales/car6a.htm

They had 2 very low mileage 964RS for a while now and they still for sale.
I'd have thought they would have flown by now

DiscoColin

3,328 posts

244 months

Friday 13th April 2012
quotequote all
One would infer that potential buyers probably find the pricing not to their liking...

Fireblade69

637 posts

233 months

Friday 13th April 2012
quotequote all
Because they're fking expensive and no one has that much money to throw away?

bridey0

Original Poster:

2,961 posts

215 months

Friday 13th April 2012
quotequote all
Fireblade69 said:
Because they're fking expensive and no one has that much money to throw away?
But hang on these were going up forever cos they don't make them anymore right and they the next best thing to the 2.7 RS!!!!
Gotta say I like them

bridey0

Original Poster:

2,961 posts

215 months

Saturday 14th April 2012
quotequote all
anonymous said:
[redacted]
I agree with that. If a low mileage dealer car is 63 offered and isnt selling then one with double miles private is no more than 50 I'm my book.
I think they cracking cars but as u say moose it's all gotten a bit silly

911Thrasher

2,573 posts

229 months

Saturday 14th April 2012
quotequote all
Are you guys actually aware of 964/993RS transactions that have happen in the last 6 months - or is it pure speculation?

I'd be curious to see/hear facts about the current level they actually trade at. I am hoping to be in position at some point this spring/summer to get into one of those.

Regarding the cars for sale at this particular dealer, could be as simple as color: IMO red, dark blue or metallic green does not particularly suit the 964RS...I wouldn't consider any of them even if there were 100% genuine just because I would not be able to leave with their color.

For me, a 964RS has got to be white, black, maritime blue, amethyst, silver, ruby or peppermint green.
993RS white, black, silver, red, maritime blue

bridey0

Original Poster:

2,961 posts

215 months

Saturday 14th April 2012
quotequote all
911Thrasher said:
Are you guys actually aware of 964/993RS transactions that have happen in the last 6 months - or is it pure speculation?

I'd be curious to see/hear facts about the current level they actually trade at.

I am hoping to be in position at some point this spring/summer to get into one of those.

Regarding the cars for sale at this particular dealer, could be as simple
as color: IMO red, dark blue or metallic green does not particularly suit the 964RS...I wouldn't consider any of them even if there were 100% genuine just because I would not be able to leave with their color.

For me, a 964RS has got to be white,
black, maritime blue, amethyst, silver, ruby or peppermint green.
993RS white, black, silver, red, maritime blue
Yeah but that's pure personal choice. Just cos u don't like red isn't a good reason for a red 964 RS with low miles not selling.
The point is it cud be magnolia ie a neutral colour and it ain't selling.
I agree I'd love one locked up for fun days but clearly u don't need to pay 60k anymore which is good news for u I'd say

bikemonster

1,188 posts

271 months

Saturday 14th April 2012
quotequote all
DiscoColin said:
One would infer that potential buyers probably find the pricing not to their liking...
Zackly!

It's always the only reason something doesn't sell.

Redeem

382 posts

213 months

Saturday 14th April 2012
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I think they look very good but a bit pricey.
The market for those cars is extremely limited and one must not forget that these cars are only sold through dealers and these dealers (rightly) take their cut. The price tag is therefore not the price that a private seller will ever get.

bridey0

Original Poster:

2,961 posts

215 months

Saturday 14th April 2012
quotequote all
Redeem said:
I think they look very good but a bit pricey.
The market for those cars is extremely limited and one must not forget that these cars are only sold through dealers and these dealers (rightly) take their cut. The price tag is therefore not the price that a private seller will ever get.
Exactly so at 60k for a sale that returns the owner less than 55 I'd say.
You couldn't buy one of these 18 months ago now I could find you 10.
Like u say limited mkt for those. Off that 50 bid!!!

Wozy68

5,436 posts

200 months

Saturday 14th April 2012
quotequote all
bridey0 said:
But hang on these were going up forever cos they don't make them anymore right and they the next best thing to the 2.7 RS!!!!
Gotta say I like them
errrrm, nope. Better a car now though.than they ever were when new.

bridey0

Original Poster:

2,961 posts

215 months

Saturday 14th April 2012
quotequote all
Wozy68 said:
errrrm, nope. Better a car now though.than they ever were when new.
???????

DiscoColin

3,328 posts

244 months

Saturday 14th April 2012
quotequote all
Another thought on this topic is of course that perhaps the market for these has compressed slightly - collectors are still there and will still pay a premium for an RS, but anyone wanting them as an actual track car is going to look at them and ponder the thought that they can either build a standard Carrera to much the same spec or buy a 996.2GT3 for over £20k less than these. There was a time when people bought these for the track, however : most people tracking them in my experience bought them before the prices rocketed...

Might this be a factor ?

bridey0

Original Poster:

2,961 posts

215 months

Saturday 14th April 2012
quotequote all
Actually sounds very feasible.
996 gt3's should be just as sought after as 964's I think given their price and still usability.

bridey0

Original Poster:

2,961 posts

215 months

Sunday 15th April 2012
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anonymous said:
[redacted]
Agreed totally. Id take a punt on a 996 RS over a 964RS any day of the week

PhilRS

264 posts

261 months

Sunday 15th April 2012
quotequote all
964 RS for more money than 996 GT3 RS is a bit bonkers
2.7 RS for more money than 964 RS is also a bit bonkers

Market is telling usthat it is not just about comparative performance.

anonymous said:
[redacted]
Edited by PhilRS on Sunday 15th April 10:02

911Thrasher

2,573 posts

229 months

Sunday 15th April 2012
quotequote all
+1 to Phil's comment

I'll pay for and have a 964RS over the equivalent 996 any day at whatever spread the market is.

For info, how many 964RS were produced against 996 GT3 and GT3RS? Anyone?

Wild Card 911

89 posts

176 months

Sunday 15th April 2012
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Yes I am new here. I hope you don´t mind my contribution, as a 964RS owner.

The unfortunate fact is that because these cars have been available for dirt money for so long, they have also been treated (relatively speaking) as such. Service and repair work on a 20-30K trackday car does not involve the same amount of dedication in terms of use of original parts, or time and money, as a vehicle of this technical exclusivity deserves.

A massive run on values has meant that - firstly. some of the trackday owners are now cashing in (which is why there are a few on the market), and more important, the RS stands at a value where the significant costs of good quality service and (after 20 years) restoration finally can be justified.

All of this is irrelevant if you find a " oh, I have had this standing in my collection for 15 years. Never been further than the local shops in it" example.
Trouble is, the 964 RS was never that sort of car. It doesn´t take long to detail it on the drive, and it actually only really starts to shine, when standing in the pitlane of a racetrack. The mag wheels and all the weight saving features are extremely significant in terms of Porsche history, but just don´t "cut a dash" like the ducktail and the stripes on the often compared 73 RS.

However, there is an upside to this hard driven “track tool" character of the 964 RS. They often have a story to tell. The provenance is more likely to be significant and interesting. Still waters run deep, so to speak.

I purchased a seven owner 60K miles example (off the PH classifieds) in February, and I am absolutely thrilled by the car. The driving experience that the 964RS offers is amazing. Joe911´s article was what awoke my curiousity, and his description fits perfectly.

I was aware at the time that my car had seen some track time, as I know the second owner spent a great deal of time on the Nurburgring back in 1994. It turns out that it has also seen time on Le Mans, Brands Hatch, Assan, Spa and Zandvoort and had since done ´ring laps with various owners.
That appeals to me far more than having one that has only been to the pub and the bakery on sunday mornings.

A significant model in the 911´s motor sport history, and well worth the money they are currently valued at, in my opinion.
That a C2 can be modified to do the same thing far cheaper only helps to raise the awareness for the originals. Look at 2.7´s and now 911S´s.

Stephen

Wozy68

5,436 posts

200 months

Sunday 15th April 2012
quotequote all
bridey0 said:
Wozy68 said:
errrrm, nope. Better a car now though.than they ever were when new.
???????
An RS 2.7 was the best car Porsche built in that era for the road and track.

The 964RS was good track car that at the time was very much unloved as a road car, and because of this prices were very low right up to around 2005 -06.

In other words you could not really build a better car than a 2.7RS in the early seventies, but you could convert a standard C2 964 into a better car than a factory RS.

The 964RS today, with updated modern suspension etc is far better on the road/track than when it came out imo. But silly money today.

bridey0

Original Poster:

2,961 posts

215 months

Sunday 15th April 2012
quotequote all
They are great cars without question but your point about maintenance is a very real one.
I know someone who's spent an awful lot of cash restoring and correcting one to the point where he dare not use it on track which as you say is where these cars come alive.
Put the cost of purchase together with the wrong side of maintenance and it starts not to add up.
Clearly that guy should have had thorough inspections done first but I saw one myself that was being sold through a dealer that had had huge damage on one side and the majority of its paperwork missing and another which after I checked it had the engine of a regular C2!
This is where the current costs don't work IMO