Classic Porsche Market: Strong Start to 2015

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.

Porsche 996 Turbo for sale at JZM Porsche

Low-mileage 997 GT3s and 996 Turbos in top class condition continue to do well. 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. Specialist UK dealers have a bundle of air-cooled rarities in their used Porsche for sale stocks, which may do the trick for investors.

Porsche 993 RS for sale at JZM Porsche

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.

Porsche 911 Carrera RS for sale

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 becoming harder to find.

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21 Comments

    1. says: John Glynn

      Few “normal” people can afford these prices anymore. It’s a shame for those who have dreamed of owning one – although maybe it makes eventual ownership even sweeter.

  1. says: Ed Hughes

    When I see the asking prices for “everyday” 993 NB coupes, I scratch my head. Then you get to silly S and TT pricing, and I already hear some of those owners state they are driving less. I’m glad I just have a lowly C2, and can still rack up miles and have fun.

  2. says: Barney Hylton

    At least some level of Porsche ownership remains a very real opportunity for the entry level dreamers; IBs, 964s, 993s, 914s, 912s, 924s, 944s. Cars exist in numbers and provide excellent projects and experiences. Of course it’s rough for those who have dreamt of the rarer number models, but I suspect these people might have also benefitted from the appreciation on whatever they might have in there stable, even if it isn’t a 73 RS.

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