QUOTE(mepstein @ Aug 23 2019, 06:11 PM)
QUOTE(Unobtanium-inc @ Aug 23 2019, 09:27 PM)
QUOTE(mepstein @ Aug 23 2019, 08:44 AM)
QUOTE(Spoke @ Aug 23 2019, 11:54 AM)
Ten years ago I bought my '86 930 for the same price.
1986 Porsche 930And now a core 930 engine gets $20-25k.
That's what everyone told me, I had a running one, took six months to sell it, got $14,000. Everyone said $20,000+ all day long, no takers. I even had a video of it driving a car up and down the street.
https://www.youtube.com/watch?v=Anc92Z3_WeUSometimes it’s just timing. No interest until the guy with the turbo punches a rod through the case or has an engine fire and gets on a mission to restore the car that he had the first date with his wife. You never know.
Yeah, but waiting on one buyer is not a market make. When people throw around prices of what something brings on the market, what people get, it's a regular occurrence, not an outlier. You can't go around buying parts for a living based on what one guy once sold one for, it has to be what the market will pay, multiple times. Luckily in this case the engine was a gimme, came in the 72 Targa, along with a truckload of cars, which is why after six months of trying to sell it I sold it for $14,000. If a rare part like a 930 motor sits on the market for a half a year and it sells for $14,000, that's the market, not $20,000-25,000. It's the same when people look at asking prices on Pelican or Ebay for a part and tell you that's what it's worth, it's not, check completed sales, that is the market, and for fun check completed sales for the guys asking pie in the sky prices, not many sales those guys. I know this probably sounds like a rant but it's not, just observations from a guy who does this all day everyday and has a pretty good handle on the Porsche market.