Originally Posted by
BTinNYC
Darn it, my sweeping generalization didn't make it through the day! Nice car and well done.
Cheers! Funny thing about the example I gave is that I paid £23k for that 1973 911S in 2002, which was absolutely top of the market value at that time. Another potential buyer had offered the seller £22k and refused to go any higher to make the deal. I didn't think it was worth haggling to the last thousand and was happy to pay the full asking price of £23k. It was in original condition and immaculate, while most other examples were pretty ropey - usually selling at around £15k. At the time I thought these cars were being massively undervalued in the overall market - say compared to a Ferrari Dino 246, which was already worth maybe 4x as much as its Porsche rival.
Anyway, that £1k extra I paid to get this car was just a drop in the ocean once values took off a few years later and it's the most original, immaculate examples that really make the big gains in value later on. I also have an immaculate 1982 911SC which I bought for peanuts when they were unfashionable among classic 911s. Again at the time I paid maybe 25% above the market going rate (for the very best example I could find), but it's now worth about 6x what I paid for it and rising.