recent sales history (Australia) for early 911's & 912's WANTED

[76 C3.0]

Hi all,

As some would be aware I have come across a 1965 912 RHD that could be on the market for the right price.

I have been in negotiations with the owner but he seems to be a little out of touch with the market.

I was hoping people could share recent sales figures & vehicle conditions of early 911's & 912's that I can present to the owner to show him he is a bit over priced (hopefully).

 

Feel free to email me if that's easier.

Michel has told me about a few sales recently.

 

Thanks everyone.

 

Will

[murf]

Will - 912's early 60's depending on condition - numbers matching engine chassis are fetching $38-45k USA / UK Delivered - An AU delivered was sold at the healey factory a few months back in need of some restoration for mid/high $40's. A few 65/66 912's in the USA & UK have fetched 50-60k mark before delivery and taxes and one from memory a green 65 912 in super condition never restored with receipts for $70+ USD.

 

Shannons sold a poorly RHD converted one 2 yrs back for high $30's since then the prices have risen.

 

Wasserkuhl, FIG & LeeM may chime in with some more data.

 

Early 911's well thats another kettle of fish all together.

You can't compare the prices at all - guestimate for a nice one $60-120k

 

Nice article classic porsche magazine on the growth and rise of the 912 prices.

 

I think a nice LHD or uk delivered RHD would fetch $40+K and rising.

[michel]

Will, also look in the 4-5 912 threads in the market area.

 

I started the '912 gluttony' thread as a place keeper for 912's in the oz market - for this very reason amongst others.

 

There is a LHD 912 on Trade me without motor and in need of work for approx 7k I think?

 

There is also a marked difference in the advertised price and the actual sale price.

 

There is hiding in  Melb N Hamiltons Bahama Yellow very original 912. I expect it requires some love irrespective of how it may present.

 

I was offered  it approx 6 years ago for 48k. Back then I thought provenance aside it was a big ask.- I cant remember all the spec but it was a 5 speed 5 gauge no sunroof car with steel wheels - 90% orig paint etc etc.

[LeeM]

PM sent Will

[Simonoz]

Will

Could I ask what your intended purpose is?

I ask this because no Porsche is cheap to buy, run, or modify and if you're not careful, you'll be down a blind alley very quickly.

If you want a 912 to keep, then if you can find a pristine car it will save you much angst, almost regardless of price. Is that this 912?

If you want to hot rod a 912 then be prepared to spend lots only to find out you now own an overcapitalised 912. That's ok if you want to race or rally it, but if not, be careful as you'll have to sell to another racer.

If you're going to restore a 912, don't if your expectation is profit. You'll never recover the money.

It is always better to buy a 911 rather than a 912 if you're going to have to spend serious money on it, as it's end value will always be much higher.

So is the car in question in poor/average/good/exceptional condition?

That's going to make all difference to value now, but unless you apply the thinking above, won't help you much in future.

Whats happening with 912 values is that they are being dragged along by early 911 values, and people just clamour towards them because they are still so much cheaper.

They are fun to drive, but no 911 value-wise.

[D-banger]

HI Will,

 

I think this is a very difficult task to do without a lot of subjectivity.

 

Being as these cars are so old, current condition and originality will vary immensely from car to car (as will price/value).

 

I also think that 911's of this era are not directly comparable to 912's when it comes to values accept for the fact that a rising tide lifts all boats...

 

see this very original 3 owner Hamiltons overseas delivery 1970 911 T for $92,500 asking

http://www.carsales.com.au/private/details/Porsche-911-1970/SSE-AD-2710536/?Cr=22&sdmvc=1

 

And I know you have described the car as a 1965 912 RHD, but for a value comparison is this car,

- Australian delivered RHD,

- other country delivered RHD,

- or conversion to RHD

 

Lastly, can I add, this is a decision of the heart not the head

[Mike D'Silva]

Out of curiosity, how much is he asking?

[ByronBayChris]

I would buy a 912 over a similar aged 911 as I feel the engine is a bit simpler for me to work on. True.? My background is IT and it has been a number of years since I worked on my 67 mini....... So I would rather break a 912 than a 911.

I look at the 993 and find myself running away quickly.

Thoughts?

[michel]

The car Will is looking at is an oz delivered 912 numbers matching- provenance and complete ownership chain will also not be too difficult a task to fill in. It needs reassembly and some work. Will can fill in further detail as necessary ( cue baying of hounds)

I think Will is asking for examples of recent sales (912's) to better chart the local market. Projects and complete cars.

I've been looking at 912's for about 11years now, and yes any early car is fetching money. Some of the 912 market has been to do with 911's however I believe people in the know are buying them now because they do represent ' relative' value when compared to their sibling, but now are recognised as a great car in its own right ( ditto 914) - the issue of how much too spend measured against a future market is hard question....but I think comparing a 912 to the 911 market a bit of an irrelevance.

While it won't help with local market knowledge the 912 registry (912BBS) for anyone interested in 912's is a good place to hang out.

[76 C3.0]

Thanks everybody.

It is original Aus delivered to a farmer in Victoria.

Matching numbers with confirmation paperwork from Hamiltons.

3rd owner

Condition is exceptional but engine and box out for 22yrs.

Paint: baked enamel white (perfect) but is not the original Slate Grey.

5spd.

5 guage

Optional rear suspension upgrade.

Missing original seats

4k worth of spares.

Full leather interior (cost 6k in 1992)

Asking around 30-35k

[murf]

76 c3

Seems like a fair and reasonable asking price to me.

What are you looking to get it for?

[Simonoz]

Will

Interesting proposition.

Pay $30,000 let's say.

Add an engine rebuild, assume gearbox is ok, procure seats and assemble, tyres, then licence etc.

$50,000 all in if you do it properly wouldn't you think, unless you're very proficient, and even then?

Big money for any 912, but it has the Australian delivery etc so you might be happy with the result?

A mate has a good one in a large collection of early 911's. He loves it, but I'll guarantee he didn't pay anything like $50,000. He'd sell for that and so would many other 912 owners I suspect.

I'm struggling to reconcile the all-in cost of this project, but caveat emptor and I hope if you take it on you really enjoy it. Sounds Ike you have the itch and you can bet we will al be watching with interest.

[76 C3.0]

Murf:
Yeah I'm beginning to think the price is FAIR too.

Simonoz: 50k sounds about right.
I just have to decide if I can afford that or not.

[clutch-monkey]

i agree with simon- 30k for a 912 that doesn't run, and in fact has no driveline fitted, seems a little bit loopy considering the cost you would have to go through to get it back to running condition.

[murf]

Thing about them is:

A) are owners prepared to sell? Those who have them love them.

If they do have them whats the magic number.

C) how much would it cost them to find the same car?

probably one of the best Porsche investments about 3yrs back now.

 

The horse has bolted on them - but if you get a good one and are happy to enjoy and sit on it then they have doubled in price in the past 5 years - I know this cause I bought 5yrs back.

 

$30k is a good price - everything is there to complete it.

To finish it your probably looking at $10-12 .

$40-42 is still a good price on an early production SWB 60's porsche.

 

Heres a mint one. $55k usd - $60aud plus shipping gst and fees.

 

$30k is cheap - drop me the sellers number as all your doing is convincing me to buy another - better than super investment.

 

http://www.ebay.com/itm/1966-Porsche-912-/371031722066?&_trksid=p2056016.m2518.l4276

[Russ]

10-15 years ago you couldn't give 912's away - I remember looking at a 69 for around $12k and not being keen 'cause it wasn't a 911

 

how times have changed

[76 C3.0]

Thanks again for the info.

 

Interestingly, he said he paid $17,000 for it in 1990 when the car was 25 years old.

They must have declined in value a fair bit more during the 90's and naughties to be so cheap 10 years ago.

 

Will.

[LeeM]

If it was me looking at the car, I'd just list all the things that aren't correct with the it, paint colour, seats etc etc, make him an offer that is realistic and go from there.

All he can do is say no, but stick to your guns and walk away. As hard as that can be at times!

That motor and box being out would bother me a lot though. Is it buggered? IS everything there? Who knows? Could be very expensive.

 

Depending on your level of car repair ability, you can save LOADS of cash by doing it yourself and chasing parts through JustJames (Autohaus Hamilton)

I've learnt most of the little things I've done to mine from Youtube,Google and a $30 owners manual! If you WANT to do it, you'll learn pretty quickly.

As the other lads have said, just don't over capitalise on your initial purchase, when you could land a decent running car from the States for under $30k, spend $10 to 20k on cleaning it up nice and you'll still be in front.

 

I hope it all works out for you anyway