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931 Prices... Did They Just Creep Up?

 
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Rasta Monsta  



Joined: 12 Jul 2006
Posts: 11378
Location: PacNW

PostPosted: Sat Nov 30, 2019 9:33 am    Post subject: 931 Prices... Did They Just Creep Up? Reply with quote

Shaggy went for ten grand on BringaTrailer.

Y'all are welcome!
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Goldwolf  



Joined: 25 Jun 2017
Posts: 194
Location: Athens,GA

PostPosted: Sat Nov 30, 2019 9:40 am    Post subject: Reply with quote

I was watching, I'm glad it popped at the end. I think all 924's are on the creep, turbo's climbing quicker though
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Carrera RSR  



Joined: 08 Jan 2010
Posts: 1881
Location: Somerset, UK

PostPosted: Sat Nov 30, 2019 8:31 pm    Post subject: Reply with quote

Been selling north of that in EU for some while. Nice to see the US is waking up
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1980 931 - forged pistons, Piper cam, K27/26 3257 6.10 hybrid turbo, 951 FMIC, custom intake, Mittelmotor dizzy & cam pulley, H&S exhaust, GAZ Gold, Fuch'ed, Quaife
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peterld  



Joined: 10 Dec 2006
Posts: 760
Location: Noosa Heads QLD Australia

PostPosted: Sun Dec 01, 2019 12:07 am    Post subject: Reply with quote

And DOUBLE that in the Land of OZ!
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TJC  



Joined: 04 Apr 2010
Posts: 734
Location: Central-ish Arizona, USA

PostPosted: Sun Dec 01, 2019 2:08 am    Post subject: Reply with quote

Considering the amount of work done to that particular car plus add the two tone paint and Pascha interior I would say that what you were originally asking was probably a fair market value price.
Now then add the "Auction Factor". Although I don't participate as I have as in the past my experience with "Collector Car" auctions as a buyer and seller representing clients goes back some 30+ years. BaT is taking advantage of this "Auction Factor" for "Collector Cars" in it's online format and although it's not quite the same as a live auction, it succeeds in capturing an essence of the auction mentality since it appeals to a certain clientele who revel in that sort of thing, hence the higher than "Market Value" prices that are often attained at auction versus a private sale.
Personally I think that the 924 prices may be slowly rising, very slowly rising, but nothing that I would consider anywhere close to "Investment" grade. I don't think the USA will come even marginally close to the values seen in Europe or Australia. The pool of buyers/enthusiasts for this model is too small, passionate no denying that, but still too small.
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'80 Porsche 924 Turbo...Save or Part?
'81 Porsche 924 Turbo...Parting!
'86 Porsche 944 Turbo...Parting, Not Much Left!
'87 Porsche 944 NA "Liebchen"

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Carrera RSR  



Joined: 08 Jan 2010
Posts: 1881
Location: Somerset, UK

PostPosted: Sun Dec 01, 2019 6:27 am    Post subject: Reply with quote

On one hand I hope that 924/turbo/S do not become investment grade motors. Leave them in the hands of enthusiasts who still want to drive them
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1980 931 - forged pistons, Piper cam, K27/26 3257 6.10 hybrid turbo, 951 FMIC, custom intake, Mittelmotor dizzy & cam pulley, H&S exhaust, GAZ Gold, Fuch'ed, Quaife
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Goldwolf  



Joined: 25 Jun 2017
Posts: 194
Location: Athens,GA

PostPosted: Sun Dec 01, 2019 10:58 am    Post subject: Reply with quote

This one as well, not an auction and super low miles

but $24,500

https://www.pcarmarket.com/auction/dealtank-1980-porsche-924-turbo/

[url][/url]
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TJC  



Joined: 04 Apr 2010
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Location: Central-ish Arizona, USA

PostPosted: Mon Dec 02, 2019 3:28 am    Post subject: Reply with quote

Goldwolf wrote:
This one as well, not an auction and super low miles

but $24,500

https://www.pcarmarket.com/auction/dealtank-1980-porsche-924-turbo/

[url][/url]


Actually, wasn't that an online auction and it got bid up to $20K?
There is also a 1982 64,xxx mile car on eBay with a BIN of $15,900. It's been up there for a while and so far no sale.
However these two may be the exceptions as I've been following the sales of 924 Turbos fairly closely, although not religiously, for the last few months as I have two "Field Finds" that I need to do something with. Many running 924 Turbos that are in less than pristine, but good driver shape are bringing much less than the two examples above and even less than what Rasta sold his for. Non-runners such as my '81 are worth much more in parts than whole, even with low mileage, I'm afraid...which is why I've decided to part it out even though it's a "Box A" 23,198 mile car that's been sitting for 29 years!
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'80 Porsche 924 Turbo...Save or Part?
'81 Porsche 924 Turbo...Parting!
'86 Porsche 944 Turbo...Parting, Not Much Left!
'87 Porsche 944 NA "Liebchen"

Still on the Prowl!

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Raize  



Joined: 18 Sep 2013
Posts: 113
Location: Scotland

PostPosted: Thu Dec 05, 2019 5:18 am    Post subject: Reply with quote

I'd disagree about the N/A and to lesser extent S. You can still pick up perfect N/A for £1-2k regularly on ebay. Nine out of ten cars are "projects" going for a few hundred at best.

A lot of N/A are getting broken to provide spares for Turbos. Even a perfect condition N/A is worth more in parts than whole right now. It makes owning an N/A a difficult proposition when you know that it makes more sense to break the car than to keep it.

I wouldn't be surprised to see the N/A go virtually extinct in the next decade or so unless values pick up.
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Carrera RSR  



Joined: 08 Jan 2010
Posts: 1881
Location: Somerset, UK

PostPosted: Thu Dec 05, 2019 6:14 am    Post subject: Reply with quote

Raize wrote:
I'd disagree about the N/A and to lesser extent S. You can still pick up perfect N/A for £1-2k regularly on ebay. Nine out of ten cars are "projects" going for a few hundred at best.

A lot of N/A are getting broken to provide spares for Turbos. Even a perfect condition N/A is worth more in parts than whole right now. It makes owning an N/A a difficult proposition when you know that it makes more sense to break the car than to keep it.

I wouldn't be surprised to see the N/A go virtually extinct in the next decade or so unless values pick up.


Really??? Several points I would challenge in your post.
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1980 931 - forged pistons, Piper cam, K27/26 3257 6.10 hybrid turbo, 951 FMIC, custom intake, Mittelmotor dizzy & cam pulley, H&S exhaust, GAZ Gold, Fuch'ed, Quaife
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chuck21401  



Joined: 20 Feb 2005
Posts: 163
Location: Annapolis, MD

PostPosted: Mon Dec 16, 2019 5:23 am    Post subject: Reply with quote

The December 2019 Market Update for 924, 944, 968 and 928 in Excellence magazine lists 1980-82 924 turbo values as Average $6000, Good $7000 and Excellence $8000. The article starts out by saying "in the last 12 months, the values of all these models have been virtually unchanged."

I'm not sure where the values are going but I do think that a 924 turbo that is a "good driver" or above is a good value to get into a Porsche that is fun to drive. Especially with the prices of 74-89 911s these days...check out recent sales on BAT. 911SCs and even 3.2 Carreras used to be affordable. I bought a 1978 911SC targa for $7K in 1998. It needed work and I eventually had to have the engine rebuilt. Sold it for $12K and just about broke even. I thought I did well...looking at the market now the car is probably worth $30K or something. The 924 turbo will never be a 911SC but it does drive like an old Porsche. I've owned a 1988 944, 1986 944 turbo and a 1995 968 convertible; I enjoyed them all but the 931 is probably the most fun to drive...probably because of how the boost spools up and the light feel. I also like the manual steering. Reminds me of driving my old 911 but don't have to worry as much about the rear end swinging around.

The 82 931 on Ebay mentioned above now as a BIN of $13,900.
https://www.ebay.com/itm/1982-Porsche-924-Turbo/324007510434?hash=item4b705a41a2:g:MYcAAOSwgZtd7ouK

Somebody here should scoop it up and confirm that the values have gone up.
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Carrera RSR  



Joined: 08 Jan 2010
Posts: 1881
Location: Somerset, UK

PostPosted: Mon Dec 16, 2019 5:36 am    Post subject: Reply with quote

Just some random turbo for sale in Europe Gerade bei #eBayKleinanzeigen gefunden. Wie findest du das?
https://www.ebay-kleinanzeigen.de/s-anzeige/porsche-924-turbo-komplette-motorrevision-/1161935749-216-1550?utm_source=copyToPasteboard&utm_campaign=socialbuttons&utm_medium=social&utm_content=app_ios
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1980 931 - forged pistons, Piper cam, K27/26 3257 6.10 hybrid turbo, 951 FMIC, custom intake, Mittelmotor dizzy & cam pulley, H&S exhaust, GAZ Gold, Fuch'ed, Quaife
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chuck21401  



Joined: 20 Feb 2005
Posts: 163
Location: Annapolis, MD

PostPosted: Mon Dec 16, 2019 2:20 pm    Post subject: Reply with quote

Carrera RSR wrote:
Just some random turbo for sale


Very nice. I need one of those yellow zinc oil caps.






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michel  



Joined: 25 Feb 2018
Posts: 14
Location: Australia

PostPosted: Fri Jan 24, 2020 10:19 am    Post subject: Reply with quote

Very well presented and detailed sorted 924 t (932) sold in oz a couple months ago , around 22k.

This is about top dollar for any recent sale.

Sold By an OCD anal pedant ( good mate) to a pedantic enthusiast. So happy marriage .

That said most in oz are not at that cars standard and most asking prices for 924ís and specifically turbos can be aspirational
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