by John Glynn | Feb 8, 2015 | Classic Porsche Blog, Market & Prices
After a slow-ish start to 2015, no doubt the investment end of the air-cooled Porsche market is going again. High-end 964s are the latest target and the 964 Turbo in particular seems to be doing pretty well. Let me rephrase that: people have gone mental with the prices being paid for 964 Turbos.
Doing some Porsche insurance valuations this week, I got talking to one 964 Turbo owner with a few other cars in the garage who could not believe the interest in his growing Porsche fleet. Having bought a relatively low mileage car behind closed doors in mid-2014 for £150k, he was recently offered £200k for the same car. That is £50k in your hand after six months of ownership.
Still slightly dizzy from that, I then heard of a 964 Turbo that had just sold through a UK dealer for THREE HUNDRED THOUSAND ENGLISH POUNDS. Not a rare Turbo S: just a low mileage Turbo. Then yesterday I followed the sale of two as-new Turbo S models for more than half a million pounds each. That is a direct sale with no advertising.
It’s not all air-cooled in the mad world of Porsche. 996 GT2s are also being chased pretty hard, with many deals done off the radar. An 11k-mile, two owner car in black has just sold (unadvertised – directly between owner and buyer) for a substantial six-figure sum – more than I would have expected. I value the rare 997 GT2s quite highly for insurance purposes, but 996 GT2s are now chasing them hard.
I am not endorsing the prices or saying that this is the place to put your money! Nor is this a comment on the supposedly respected Porsche dealers all around the world who are still happy to take uneducated buyers for a ride. I hear about them all the time and it is not good business. These are dealers I would be happy to buy from myself, helping sellers and buyers to get what they want.
I know some of the guys buying these cars and they are true-blue enthusiasts: great people to enjoy all Porsche cars with – no airs or graces involved. It is good to know that some of these cars will get used, but scary to think of where they are now and where they might finish. Will we see many 964 Turbos being used and enjoyed through 2015?
by John Glynn | Feb 2, 2015 | Classic Porsche Blog, Market & Prices
Alex sent through these cool pics of his Porsche 964 Speedster. This 911 Speedster is believed to be the sole Tiptronic example manufactured of apparently just 14 RHD 964 Speedsters – although that’s currently unconfirmed.
What is confirmed is this is a 1992 production car, believed to have been shown at the British Motor Show in UK spec before heading off to Singapore. From Singapore, it went to the well-known Giltrap family in New Zealand, who then sold it on to a local enthusiast. It passed through one more owner before being bought by a doctor in 1998. Alex bought it from the doctor.
While the earliest pre-1990 964 Speedsters were built on turbo-look bodyshells, later versions like this one were constructed using standard Carrera 2 Cabriolet shells. I’ve had a few drives in both and the narrow-bodied cars are sharper and tighter.
As with the earlier 3.0 911 SC Cabriolets, the 3.6-litre engine feels notably different in an open-top car. That fat exhaust note is pretty special with the roof off: I have vivid memories of driving alongside the Amsterdam canals with my mate Jan in his silver 964 Speedster.
Jan’s car was a manual – it would be interesting to see what the Tip gearbox feels like in a Speedster. Two pedals in that RHD footwell doesn’t look quite right, but no doubt it adds to the interest factor.
Most people who rule out Tiptronic are just repeating something they heard elsewhere. I know a few 964 Tip owners who really like the cars: a nice 964 Tiptronic Coupe is currently undergoing full strip and restore with a colour change at Rob Campbell’s Racing Restorations in Pershore for an overseas client. I’ll share some pics of that later and maybe sneak a drive when the project is complete.
As for this particular car, I could get a chance to try it out later this year as I hear it is coming to Goodwood. I may be charged with helping Alex find a new home for it if it comes up for sale.
by John Glynn | Jan 26, 2015 | Classic Porsche Blog, Porsche News
The first time I visited my friend Jonas Zambakides at JZM Porsche, I had just come from Autofarm. “How’s Josh?” asked Jonas. “He’s talking about selling the business,” I said. “He’s been saying that since I met him twenty years ago,” laughed Jonas. I could not disagree.
Autofarm is not too far from Ferdinand Towers, so I get down there every so often. On my last visit, a deal to buy the business was in progress – chatting with the buyers was interesting and the contracts have now been exchanged. Porsche 911 RS Carrera guru, Josh Sadler, has sold his Autofarm business to long-time employees: Mikey Wastie and Steve Wood.
Autofarm under New Management
It’s hard to imagine Autofarm without Sadler’s extensive understanding of the 2.7 RS close at hand. Originally founded at the same time as the RS was released, Sadler’s Autofarm became synonymous with the passage of RS Carreras from old homes to new. His famous little black book has more chassis numbers than a Porsche Museum catalogue, and it seems Sadler is not finished collecting them yet.
The new owners have split the business responsibilities, with Mikey running engines, projects and restoration, while former Carrera cup pilot and keen racer Steve will manage the service and storage sides. Sadler stays on in a heritage capacity: there is no better word to describe his core skills in the business of Porsche.
“Stepping back from the day-to-day running allows me to focus on car sales and heritage. As 911 values have risen, provenance has become increasingly important and investors are seeking perfect, correct specification cars. With Autofarm’s expertise and history, we can really help customers,” says Josh.
I don’t claim to know anything about the Carrera RS, but I’ve spent a great deal of time with RS people. Some supposed experts were all smoke and mirrors, and some who I assumed would be largely nonplussed on the subject of Carrera RS and early Porsche race cars like the ST or T/R knew much more than they thought. No doubt Sadler can comfortably hold his own in any RS discussion: I’m glad he will still be around.
Despite his annoyingly youthful appearance, Mikey Wastie’s served a valuable apprenticeship under Sadler, so is not short on knowledge. The company has managed some interesting restoration projects over the last few years, and the new owners will open the doors slightly wider, to bring in a few more modern Porsches. Autofarm will have quite a different flavour with new hands on the tiller: I’m excited for the business – it might need a bigger car park.
by John Glynn | Jan 15, 2015 | Classic Porsche Blog, Modified Porsche Hot Rods
Swapped some good emails with Jonny, a fellow impact bumper 911 man earlier this week regarding an agreed insurance valuation for his newly-restored Porsche 911 SC. The car is just about finished, so it’s time to make sure that this investment is properly protected in case anything should happen. The car is absolutely lovely: well worth sharing on Ferdinand.
“The brief for the car was an ‘everyday’ hot rod based largely on standard components and some period accessories – hence ‘stock rod’,” says Jonny. “The car as purchased was scruffy but largely sound. The shell needed repair to both kidneys, sills, one inner wing and the oil tank aperture.”
Porsche 911 SC Hot Rod begins
“I contacted well known body man, Barry Carter, about tackling the bodywork. He was at the right end of the country for me and has done some lovely metal restoration on 911s. Barry’s mission was ‘search and destroy’ all rust. After a lot of detailed repair work, I believe this has been accomplished.
“While Barry was working on the rust problem, he also addressed the metalwork in other areas that I was changing, to make the shell perfect. This included a mirror hole delete, side skirt delete, side repeater delete, rear fog light delete, front spoiler delete and rolling the wheel arch edges.
“When the bodywork was done, I stripped the car back to bare metal myself and the shell then went to Steve Utting at DC Coachworks. Steve carried out a complete colour change to Porsche Delphi Green – a 914 colour, similar to some 911 shades. The new paint extends to the wheelarches, engine and luggage bays.
“Former Paragon engine builder, Lee Colbran, rebuilt the engine with standard pistons and cylinders (rebored and Nikasil coated) 964 cams, and SSI heat exchangers. We also backdated the heating: taking the secondary air blower out of the engine compartment. I rebuilt the Bosch K-Jet CIS injection and had the fan and housing refurbed. Mike Bainbridge rebuilt the transmission for me, also fitting a Quaife LSD to the car.
“There’s nothing wrong with standard SC brakes, so no upgrade was necessary. I had the calipers reconditioned by Classic Brake, and replaced every part of the braking system. All the suspension was also removed, stripped and refinished in the correct plating or powerdercoat. New suspension bushes are a mix of standard and Superpro, as this is not a track car. Rear torsion bars went to 26mm, with a 22mm front anti-roll bar. Turbo tie rods were fitted to my 911 SC, as they make a difference.”
Jonny is an electrical engineer, so there are some clever bits and pieces on the electrical system – more on that in a later post. The interior is very period, with the original brown dash, door caps and trim, some manual Porsche sports seats and very smart Mercedes “Brazil Brown” carpet, as it tones well with the Porsche palette. The door panels and rear quarter trims are covered in “Domino” Alcantara. Rear seat backs have been deleted but the handy “jump seat” cushions are still in place.
Kudos to Jonny for getting in early and snapping up an SC before prices went crazy, then working his way through a detailed “update” restoration so the car can be used every day. Undervalued for far too long, the 3-litre 911s are still my favourite and I love what Jon has done with the Delphi Green stunner. Looking forward to having a drive sometime soon.
by John Glynn | Jan 15, 2015 | Art and Books, Classic Porsche Blog
Fellow 911 owner, artist Nicolas Hunziker, has just uploaded another “can you guess what it is yet?” Porsche painting to Youtube.
The first few minutes had me waiting for something discernable, then a 356 hove into view, then I thought I saw something else: surely Nicolas can’t be painting a water-cooled car. The end result is special and was very familiar – reminded me of a press photo maybe? Something I had seen before. The final dénouement was obvious.
Porsche Unexpected with Nicolas Hunziker
The book Porsche Unexpected was released last year. Telling the story of the incredible Ingram Collection, I bought two copies: one for me and one for a friend’s birthday. I had them both shipped to his house in California and not been able to get there to read my copy yet, but I hear it is very good. I’ll let you know!
Check out Nicolas’ interesting video below. These movies are fun but can be longer than you think (this is art, not speed art), so allow some time to enjoy the experience. Ciao!
