Why such little difference in Price between 964RS M002 (Carpet) & M003/1 N-GT/CUP

[carreraboy]

Trying hard to fathom this one out ... rarity alone surely would command a premium as well the factory "racing" mods.

So for some reason the very nice basic carpet version seems to be on the value heels of the ultra rare race pedigree M001/3 where provenance to classic buyers is paramount.

So as in days of old there would seem to be a premium anything between 0-10K for similar condition cars above the basic M002, how can this surely be ....[8|]

 

[Hacki]

I think, the market for the race cars (N-GT and Cup) is limited and compared to what you can get for track use for the same money these cars are slow. But on the other hand rarity and the special feeling these toys give are the reasons why some people are after them. So they are not cheap.

The carpet car is a wonderful classic in the meantime, so there´s a bigger market for them.

In the end they end up at the same price level.

 

[clubsport]

Oh look!.....Another valuation, prices topic on the forum! []

Maybe it's down to your sample...you probably aren't comparing like with like.

Many M003 and cups may have been bashed around the ring (or elsewhere), there are far more M002 garage queens and average cars.

As we know, it is hard to get perfect price information on car sales, there are many factors to consider in terms of condition and cars that get sold "under the radar", as it were.

If you recall the low miles (15k ???) red 964 m003, this has been offered and presumably sold above recent asking prices for even the very best M002.

Cups are a different entity entirely, they are hopeless on the road in standard form and once you mod away from standard, they tend to be worth significantly less.

At the moment the classic market is an unusual place where the cars appear to be bought as assets. Not everyone is a total Porsche enthusiast....well, they may be now they own one.

It will be interesting to see where prices go, if rates do rise at some point in the near future, at the moment not many of these cars are being used as they were a few years ago, unless you include driving them for a magazine article! []

 

[carreraboy]

Hmmm .... 964RS 3.8 & 964RSR being the exception .... These cars are now mega money ... would have thought there might have been more middle ground between the above and standard 964RS.

 

[carreraboy]

Clubby Boy .... we know your 993RS M003 is worth significantly more than a standard 993RS why does there not seem to be the same parity with the 64?

By the way if you want to come on a magazine shoot, I have one in two weeks, up at 4.00am to catch the sunrises over the English Channel down at Dugeness with some top models .... bring the clubmesiter!

 

[h_____]

Wait for early ninety race cars to be worth racing, and get on invites to interesting races, then the original M003 cars and Cups will head North, at least a little bit. I actually think that Cups will do well, as they have good documented history through the race series, NGTs were more of a mixed bag, and used in more club racing (from what little I know).

There time will come, but right now people want a nice road car.

 

[clubsport]

Des...as I wrote there is a difference..............it's just that there are so few cars sold of varying conditions, you end up comparing a tired M003 sold a couple of years ago to an immaculate M002 garage queen sold in the last year.

Look at 2.7RS, 10 or more like 15 years ago, you could see a genuine doggy used example, now they have all (or mostly) been restored.....You can say I recall when these were £20-25k, but now, it would possibly make sense to spend £50k+ on restoring one......in a collectors market like this, condition plays a large part in value.........if the market turns,,,,,the spreads tend to narrow, as we saw in the early '90's.

Don't forget for 964RS, rhd prices are skewed by numbers produced and the HK effect, the point being they can't buy a lhd example.

I mentioned the red 964 M003 , that was at least £15-20k above the best M002 available at that time (the comparable time being crucial here).

993 M003 are rarer than 964 M003 and slightly, ever so slightly more useable, maybe it's the differentiation of the spoiler kit that makes the difference?...Although the small spoiler kit car is now a rare sight!

So bear in mind comparable condition and point of sale and you should see an M003 higher than M002...i

Cups are their own entity being race cars and should be in a slightly different category to my mind,,,,,'90's car vs '93 Supercup.....are they all generically priced or do we allow for condition and race provenance?

Des, you may have spent too long flogging homogenous Barrett estate homes.....you think everything is worth £100k!!! []

 

[carreraboy]

Wise words indeed Clubmesiter, just in my very humble opinion given there were only 50 series one Cup Chassis factory cars and believe 292 M003 with 300 factory chassis numbers and given some were scrapped or broken for spares or just written off and nearly 2000 lightweights including a handful of tourings, the difference in value seems inappropriate at the moment. This is just my humble opinion .... the M002 will no doubt climb as a great road and track car (even with a little (70%)less body rigidity) on track ....

 

[Melv]

ORIGINAL: clubsport

Oh look!.....Another valuation, prices topic on the forum! []

Perlease no......getting too much like the depreciation threads on PH.....[]

ORIGINAL: h_____

Wait for early ninety race cars to be worth racing....... Cups will do well, if they have good documented history through the race series.....
Their time will come...........

I can wait.... []

 

[clubsport]

Des, is there any foundation for your sudden out of the blue, humble opinion that cup cars are the most undervalued car and indeed, investable asset class since the invention of money?! []

 

[carreraboy]

Moi !!!!!

 

[Hacki]

ORIGINAL: Melv

ORIGINAL: clubsport

Oh look!.....Another valuation, prices topic on the forum! []

Perlease no......getting too much like the depreciation threads on PH.....[]

Depreciation or similar threads and also these "Will I have insurance cover when I´m trying hard and throw it into the kitty litter?" can be a PITA. But Des is always good fun, isn´t he?

ORIGINAL: h_____

Wait for early ninety race cars to be worth racing....... Cups will do well, if they have good documented history through the race series.....
Their time will come...........

I can wait.... []

[/quote]


Me too.... []

 

[Melv]

ORIGINAL: clubsport

Des, is there any foundation for your sudden out of the blue, humble opinion that cup cars are the most undervalued car and indeed, investable asset class since the invention of money?! []

Bwahahaha.......rumbled! But only applies to REAL unmolested Cup Cars....[]

 

[Hacki]

ORIGINAL: Melv

ORIGINAL: clubsport

Des, is there any foundation for your sudden out of the blue, humble opinion that cup cars are the most undervalued car and indeed, investable asset class since the invention of money?! []

Bwahahaha.......rumbled! But only applies to REAL unmolested Cup Cars....[]

So, what do I have to do now, Mel?

 

[Melv]

Don't tempt me.....[]

 

[Laurence Gibbs]

Can we have a poll on investment threads and if we should ban them[8D]

 

[carreraboy]

This is NOT an investment Thread if you read it correctly but a debate on how cheap the Cups and N-Gt's are at the moment compared to the M002 Basic ..... that's all simply a question looking for (and thanks to those who have) a simple answer ....[]

 

[Laurence Gibbs]

Well Des i'd quite like a cup or a clubsport but i really can't see me getting out of my carpet and it being close to nothing to change. If you start comparing like for like etc. Damn find myself agreeing with Paul again. Off to lie down in a quiet darkened room.[]

 

[carreraboy]

Yes thanks for participating and adding some science to the debate mate[]

 

[clubsport]

Good to see you are getting the idea Laurence.......

Give it time and we will eventually get you into a carpet free Porsche.

Just think you will never have to worry about these ever again! []

http://www.pestzap.com/carpet-beetles-pictures-and-identification