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Barrett-Jackson auto auction
#21

i only pointed out the power as something that is today considered sub-standard - even the specs on handling are barely average (though this may not translate into a "feel")



the problem as i see it is that the car does not stand up to anything on paper - it never did - consequently it never got a chance - it was too average in performance, and too pricey to become any kind of a common choice - it also did not carry the mystique of the porsche marque, due to the layout and design



i don't think you can appreciate the car until you drive one - unfortunately/fortunately not that many will ever do that - so, resale value may never put it in the "collectable" category, but it does make them very accessible to us



doomed to be the unsung here - but isn't that why many of us like it?
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94 Midnight Metallic Blue Cab Porsche 968 w/deviating cashmere/black interior and WAY too many mods to list - thanks to eric for creating www.968forums.com



"It isn't nearly as expensive to do it right as it is to do it wrong."
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#22

I think that you are missing the point. Who could claim that a 1955 Belair had the power/handling or rarity that would launch it into the 6-figure status that it has achieved at BJ.



The weakness that I see is that the cars going for huge numbers at BJ have an emotional attachment to those that are buying, recollection of youth, "my first car", "Dad had one of those", or "I saw one at a car show in 1966 and I've loved it ever since". Growing up, I lived in a neighborhood filled with Nova SS, GTO, GTX, AMX, etc. All of us stupid kids crashed or used them to death resulting in a remaining very few perfect examples. The one's going for hundred's of thousands today.



The 968 has not had enough time to build that kind of reminiscence. I believe that one day, perhaps 15-20 years from now you will find a few perfect condition, fully restored, unique 968s at the auction and they will fetch high prices for the provenance that we are building here and on racetracks around the country.



JMHO



Jay
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#23

i'm not missing the point at all - given that it was a limited production vehicle, the chance of "nostalgia" is inherently limited - it also never had enough performance to draw attention to the performance enthusiasts - add to that the fact that it was not a "real porsche", losing any chance of brand recognition, and the huge relative price tag, and it's fate was sealed - in most people's minds there just was no reason to buy that car, and hence no following



by the way, actually, in it's day, that 55 bel-aire did very well (though the 57 was considered the "hot-rod") - but more importantly, as others have commented, it carried the memories of all the kids conceived there - the same could be said of the basic mustang - not the fastest, or anything like that, but a lot of memories - the sheer number of them assured that eventually they would be fondly remembered, and consequently valued
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94 Midnight Metallic Blue Cab Porsche 968 w/deviating cashmere/black interior and WAY too many mods to list - thanks to eric for creating www.968forums.com



"It isn't nearly as expensive to do it right as it is to do it wrong."
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#24

I think one indicator we could watch to predict the "special interest" in the 968 is the market for the 944 Turbo S. Those have a somewhat special history and interest. I am not sure the 968 nor the 944 Turbo S rank as collectible yet, so I used the term "special interest", meaning they will get a premium since there is a certain reputation about them. As a result the spread between really nice examples and well worn ones will get very large.



Probably another example is the 914-6 which were originally viewed quite lowly, but now good ones have gone up in price. Of course early 911s are the same ('73 and earlier). They were a dime a dozen but have skyrocketed in the last 2-3 years, same with the 912 (relatively speaking).



Roland
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#25

Good points all...



Our cars have not been out of production long enough for real consideration anyway. A perfect example of how the fates of cars can change is the 1976-1977 911 Turbo Carrera (930). Trust me I am painfully aware of this as I recently owned one (pix below). Anyway, every year Bruce Anderson would say avoid these and buy a '78 or '79. So the prices for the '76 / '77 were very flat year over year (and subsequently the prices of the '78 / '79 increased every year). But guess what... suddenly people have started to come around and realized that these Turbo's changed Porsche future and how we came to view the new term (at that time) of Super Car. The '76 / '77 were critizied for "on-ff" turbo boost, no power nothing (brakes, steering) and had a weakness in the engine case bolts. Most of those cars (that have survived) had been updated with new case bolts, new cam tensioner and other assorted shortcomings. I sold mine 3 years ago for $28K. Now the same car is $42K. Ouch!!!



So...be patient. Value of good cars comes around more often then not.
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#26

We're overlooking the obvious - that until the 986, 996 era, Porschephiles were "air-cooled 6" snobs (and likely still are adhering to such thinking)!



I remember instantly falling for the "boy-racer" fendered 944 in the 80s (as well as the similar fenders of BMW's E30 M3); and at the time-of-introduction, approving of the "evolved" 968.



HOWEVER, I also clearly recall (while standing in Porsche Dealerships in front of both the 944 and later 968; and yes, the 928), comments of pure disgust that Porsche was offering a "water pumper!!!!!!"



Also, especially during MY 1992-1995, for a sports car over $20,000, buyers wanted/demanded a minimum of six cylinders. So there the 968 sat with two firm strikes against it:



1. it was a water cooled Porsche - OMG!!!



2. it only had 4-cylinders - OMG!!!!



and the third strike: "price / sticker shock!!!" OMG!!!! Porsche wants how much for that red-headed-step-child water-cooled 4-banger!!! and the potential buyers walked.....



From what I saw (and experienced), Porsche Dealers resorted to selling new 968s for MASSIVE discounts to move em.



Am I surprised that 930s (early thru 1989), continue to draw significant $$$ by collectors? Not in the least......Porsche and turbo 911s have always been (and in my opinion), always will be considered collectible by Porsche enthusiasts.



As for the 968 Turbo and 968 Turbo S....the future will likely be very bright!!!!



Porsche
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#27

[quote name='Cloud9...68' post='64975' date='Jan 2 2009, 06:21 PM']Nothing about the 968 really stands out enough to give it collectors' status. It a good, all-around, competent, attractive car, but I can't see it at Barrett-Jackson (an auction I attended many times while I lived in Phoenix - a real cool experience that I miss very much) any more than I can see, say, a Mazda RX7, or a mid-generation Nissan Z.[/quote]



I don't know. The 968 has a few things going for it. #1, rarity, they hardly made any which makes it unique. #2, best of the breed, first the 924, then the 944, then the 944 turbo, then the 968. #3, Porsche built, no off loading to another factory, lots of hand building going on here (which resulted in that high sticker price), #4, great, timeless design. People still ask me if my 968 is a new model Porsche.



I don't know if they'll become collectible but the 968s have all the right factors. As for the auction, I enjoyed it. I like all the cars, especially the muscle cars. Did you see the beautiful red 911 slant nose go for $35K? That was a $100K plus car when new. Well bought.
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#28

Did anyone else notice the lower prices the high end muscle cars sold for, one comment by TV host about the low sales price of a Mustang Boss 302. Wonder if anyone did a comparison from say 2006 vs. 2008, would be interesting.

Rich
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#29

interesting discussion - I think it is too early to really determine the long term collectibility of our 968s. Will it someday be worth as much as my 57 Chevy Bel Air Sport Coupe - don't know but I still the car and I am a patient man. My only question is whether I can wait it out - lol!



Don
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#30

I seriously doubt the 968 will ever be a $100k car in any future collector market, sans the RS.



I think the 944 turbo has a better chance, and even that is a long shot.



98% of people (here in the US) do not even know what a 968 is.



Drive it and enjoy, the car for the most part is an "uninvestment".
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#31

[quote name='PorscheDude' post='65970' date='Jan 22 2009, 07:30 AM']Drive it and enjoy, the car for the most part is an "uninvestment".[/quote]



Well, one thing is for sure, the 968s have held their depreciated value better then other Porsches. I purchased my first 968 cab in 1996 and sold it almost for what I paid for it 11 years later!!! Yes, I put some money into it but not that much and I also put 24K additional miles on it. Try to repeat that with a Boxster.



I had many muscle cars in the eighties and would never have guessed they would be worth what they are today. I paid $700 for a 69 Hemi Charger R/T 4spd!!!
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#32

lol - don't get me started on those missed big block dodge opportunities
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94 Midnight Metallic Blue Cab Porsche 968 w/deviating cashmere/black interior and WAY too many mods to list - thanks to eric for creating www.968forums.com



"It isn't nearly as expensive to do it right as it is to do it wrong."
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#33

[quote name='flash' post='65983' date='Jan 22 2009, 10:16 AM']lol - don't get me started on those missed big block dodge opportunities[/quote]



I hear you <img src="/forum/images/smilies/968/smile.gif" class="smilie" alt="" />
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#34

'cuda, with a 440 - iirc, i sold it also for under $ 1k.
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#35

Agree that it's too early to tell. In 20 years, when these cars are 35 years-old, and we are down to sub-500 left, with small double-digits in excellent shape - no rust, original paint, no dings, under 25,000 miles on the OD, then they might be worth something. Of course by then I'll be heel toeing the padding in my casket, but for you youngsters out there...
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