Any notion that we’re in a bubble of classic Porsche prices must surely be fading now, as selling prices continue to climb for the best examples of air-cooled Porsche 911, and low mileage water-cooled cars.
Looking at the buyers active at the top of the market, no impending disaster looms to their ability to pay the asking prices now commonplace for older Porsche cars. Add that to a burgeoning demand for one of the hottest investment spots of recent classic car sales and it’s small wonder that good cars sell quickly.
JZM Porsche continues to do well with low-mileage 997 GT3s and 996 Turbos which pass its stringent pre-sale inspection. A recent 996 Turbo Tiptronic with just 21k miles (above) sold to the first person to view at £39,900: strong money for a 996 Turbo. That said, the car was exceptional and the buyer was sitting on cash, ready to go.
Sitting on cash is a situation many lucky people find themselves in at the minute, whether from bonus, downsizing a property, inheritance or just lots of hard work. Keen to compete for their business, JZM has a bundle of air-cooled rarities in its used Porsche for sale stock, which may do the trick for investors.
My current favourite is this Porsche 993 RS Lightweight: a one-owner car just arrived from Japan with a paltry mileage on the clock. £270,000 seems about right, given where values have been in the last twelve months. Still a truckload of money, though.
I’ve never been a ’73 RS groupie, but this very nice 1973 Porsche 911 Carrera RS Touring for sale – three owners in Light Yellow and beautifully restored many years ago – for offers around the £650k mark is priced a shade less than I was expecting.
I’ve set eyes on less than pristine examples with nothing like the history of this car elsewhere in the UK, where sellers insist they have turned down bids of £700k+. Not because they don’t want to sell it: they just want more money. I could say that is pushing it, but then I’m not sitting on a proper RS with all that ownership entails.
Away from high-end Porsche metal, some interesting impact-bumper 911 projects sold over Christmas for mid-£20k: about the right price as far as I’m concerned. No shortage of armchair experts around to shout the prices down, but low-priced IBs are a thing of the past. Where will 2015 take us?