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931 Prices... Did They Just Creep Up?
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TJC  



Joined: 04 Apr 2010
Posts: 754
Location: Central-ish Arizona, USA

PostPosted: Thu Jun 18, 2020 12:05 am    Post subject: Reply with quote

Fasteddie313 wrote:
I think I have only ever seen 2 narrowbody cars in person, and the other one didn't run, was an NA with a completely trashed interior for sale..

The 931 I stumbled into ownership of, I think I saw many years prior in Alpena at a mobile home dealer long before I got it..

I only paid a few hundred bucks and some motorcycle work for it from my friend that bought it when we saw it on the side of the road for sale, paid $650 for it there I think..

I have put a lot of money, and a ridiculous amount of time into it since then, and it still needs lots of little things like trans work and a new heater core etc.. because I have just been fixated on engine side stuff..

I have no idea what my car is worth.. Probably less because of all my custom engine stuff would be a lot for someone else to understand and take over...

But I don't really care because I'm sure it is worth a lot less than I would even consider selling it for.. It's worth a lot more to me than whatever $$ someone else would give for it.. I can't ever sell it because the loss would be massive..I do consider all my time worth something..

And besides, what would I replace it with?
I don't much like newer cars with all their fancy electronics..
I can probably keep my 931 running forever as long as you guys don't jack the price of parts up to the moon with all your wishes for higher values, lol..
I want it to stay a $2500 car so I can keep affording to fix it!

I love the car.. It is exactly what I want it for, and it is something that I can actually customize with things I enjoy making myself rather than just a bunch of bolt-ons..


This, Fasteddie, is the proper attitude in my most humble opinion.

In general I feel that when the value of a particular car "sky-rockets", it's not so much that it's a great car, (although it could be), but more of what in my old "dirt track" racing days with Sprints and Midgets we would call the "Bag of Dog Shit" theory. If someone won a race with a bag of dog shit taped to the hood, the next week there would be 10 more cars out there with a bag of dog shit taped to the hood.

Same goes with "collector" cars to a certain extent. At one time I was a "fixture" at things like the Barrett-Jackson Auctions as part of my job. Sold cars for clients, attended the cocktail parties, blah, blah, blah. A big thing I discovered was that the big "players" were exactly that. They weren't enthusiasts, they didn't drive the cars, they weren't even real "collectors. They were "commodity traders" in the game for the sole purpose of making money. And just like any commodity, if the price goes up, the profits are higher. And to make sure that happened they would, by dumb luck or clever planning, "trade" certain makes and models of cars among themselves to create a "demand or desire" for said make/model among the general public all while inflating the prices. The fads would grow to such an extent that entire cottage industries of support for the restoration of these vehicles was created for some! Between them and the blingmasters and posers the collector car hobby, as far as the enthusiast is concerned, has been terribly spoiled and priced out of reach for many, who I believe, ought to be the real caretakers of these, and many other makes/models of, cars.

So, enjoy it while you can afford to, as I don't see much hope for future enthusiast caretakers considering the crap that has come from manufacturers in the last 20 or so years!!!
_________________
'95 BMW 318i/5 ..."Pearl"
'80 Porsche 924 Turbo..."Pogo"
'81 Porsche 924 Turbo...Parting!
'87 Porsche 944 NA... "Liebchen"
'02 Porsche Boxster..."Sunbeam"

Still on the Prowl!

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mec011  



Joined: 29 Jun 2004
Posts: 9
Location: Raleigh, NC

PostPosted: Fri Jul 31, 2020 2:51 am    Post subject: Reply with quote

chuck21401 wrote:

Quote:

I think clean 931s will become 20-30k cars in the US over the next 5 years.


I hope that you are right. Maybe the rising tide will lift all boats for those of us that own not-so-clean 931s. I bought my car for $3500. I figure that I'll put $5K into it and then it will be worth $4000.


Chuck, your 81/80 hybrid 931 was the one that got away for me! Glad to see it went to a good home! Let me know when you're ready to sell (was born in 1981, but want the 1980 dogleg transmission!)

Anyone have thoughts on this 1980 931? It seems to be bucking the trend and losing value:
High bid,RNM $5k last week (July 2020), offered now for $8750
https://www.pcarmarket.com/auction/dealtank-1980-porsche-924-turbo-1/

Previously sold for $9k on BaT in Dec 2017
https://bringatrailer.com/listing/1980-porsche-924-turbo-4/

Guessing the frame rail gash and repair work are holding it down?
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chuck21401  



Joined: 20 Feb 2005
Posts: 243
Location: Annapolis, MD

PostPosted: Mon Aug 03, 2020 11:35 pm    Post subject: Reply with quote

mec011 wrote:

Chuck, your 81/80 hybrid 931 was the one that got away for me! Glad to see it went to a good home! Let me know when you're ready to sell (was born in 1981, but want the 1980 dogleg transmission!)


Well, I'm glad that you passed on it. These cars never come up for sale withing 300 miles of me.

It's fun to drive and I have a long list of projects...including rehabbing the G31 transmission.

Good luck with your search.
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Fifty50Plus  



Joined: 28 Feb 2008
Posts: 1096
Location: Washington DC area

PostPosted: Tue Aug 04, 2020 1:22 am    Post subject: Reply with quote

Chuck, I've got 3 931s in various stages of not running and I live very close to you. I'm thinking of thinning the herd if you are interested in another.
Chuck
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1982 924 NA race car - Sold
1982 924 Turbo almost a PoS
1981 924 Turbo a real PoS, new engine
1982 924 Turbo nice body, blown engine
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Various 944s to become IT-S race car
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chuck21401  



Joined: 20 Feb 2005
Posts: 243
Location: Annapolis, MD

PostPosted: Wed Aug 05, 2020 7:58 am    Post subject: Reply with quote

Fifty50Plus wrote:
Chuck, I've got 3 931s in various stages of not running and I live very close to you. I'm thinking of thinning the herd if you are interested in another.
Chuck


Thanks for letting me know. I'd like another 931 but my wife would kill me. Do you happen to have an extra G31 transmission with good synchros? I might have to bite the bullet and send mine out for rebuild. I suppose the other idea would be to convert it back to the 81/82 transmission but I understand that is a big project.

Returning to the marketplace discussion...happened to see this on Pelican...no affiliation. Interesting intercooler.

1981 Porsche 924 Turbo (a.k.a. 931): Restoration that was a complete tear down and re-build.

Asking $14,500 OBO
http://forums.pelicanparts.com/porsche-cars-sale/1066708-fs-nj-1981-924-turbo-931-a.html
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Fasteddie313  



Joined: 29 Sep 2013
Posts: 1994
Location: MI

PostPosted: Wed Aug 05, 2020 8:15 am    Post subject: Reply with quote

That's quite a nice looking car..

I myself would rather rebuild the G31..
I think it's kinda one of the cool things about them, having a real Porsche trans, and it's slightly better for the weight distribution..
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Fifty50Plus  



Joined: 28 Feb 2008
Posts: 1096
Location: Washington DC area

PostPosted: Thu Aug 06, 2020 4:13 am    Post subject: Reply with quote

Do you happen to have an extra G31 transmission with good synchros?

I believe I have an extra turbo tranny. I'll have to take a look but can't verify good synchros.
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1979 924 NA race car
1982 924 NA race car - Sold
1982 924 Turbo almost a PoS
1981 924 Turbo a real PoS, new engine
1982 924 Turbo nice body, blown engine
1972 911 E race car - going to Vintage
Various 944s to become IT-S race car
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