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Porsche 959 being transported in a covered trailer disconnected from the tow vehicle. Trailer ran off road, through a ditch, doors opened, car flew out and hit a tree. Car sustained severe front damage.
Car sold on stage at the Mecum Monterey auction today for $455,000
A real bargain based on the past few sales of the 959. $250-300K in paint, parts and body work, maybe even some engine mods and you will have a 1 million plus car.
A real bargain based on the past few sales of the 959. $250-300K in paint, parts and body work, maybe even some engine mods and you will have a 1 million plus car.
Not necessarily. Part of the high value of cars like this is due to having a meticulous history, full service records, no accidents, etc. There's diminished value on cars that have been wrecked, even Roman Atkinson's McLaren F1 (even though it sold for millions) still sold for millions less than comparable models that had not been wrecked.
Not necessarily. Part of the high value of cars like this is due to having a meticulous history, full service records, no accidents, etc. There's diminished value on cars that have been wrecked, even Roman Atkinson's McLaren F1 (even though it sold for millions) still sold for millions less than comparable models that had not been wrecked.
Yep, I probably should have used might, not will.
I do think 959's are a different ball park than many collectibles.
I had one of the last versions of a no long made British car. While nowhere near the 959 (let me clarify that... NOWHERE NEAR THE 959), it really didn't matter what condition it was in or if it had been wrecked. Every potential buyer was looking for a straight frame and original motor, tranny, etc. They were going to bolt on new fenders, interior, Whatever it took, then paint and restore the remainder of the car. It sold for about 20 times what I'd paid for it 35 years previous.
Not necessarily. Part of the high value of cars like this is due to having a meticulous history, full service records, no accidents, etc. There's diminished value on cars that have been wrecked, even Roman Atkinson's McLaren F1 (even though it sold for millions) still sold for millions less than comparable models that had not been wrecked.
Even if the 959 sells for 50% top value at auction ($2M). The buyer with $455k in car, maybe $200k in repair is still netting $350k. That's a 35% profit in probably a month (if he can get his ducks in a row), or two (if his ducks are all over the place). So income of $175k per month, not bad work if you can get it.
Porsche 959 being transported in a covered trailer disconnected from the tow vehicle. Trailer ran off road, through a ditch, doors opened, car flew out and hit a tree. Car sustained severe front damage.
Car sold on stage at the Mecum Monterey auction today for $455,000
Not necessarily. Part of the high value of cars like this is due to having a meticulous history, full service records, no accidents, etc. There's diminished value on cars that have been wrecked, even Roman Atkinson's McLaren F1 (even though it sold for millions) still sold for millions less than comparable models that had not been wrecked.
Yep and Mr. Beans 41k mile twice crashed F1 sold for £8M ($12M). Only 20% below the highest top mark US street legal F1, singke owner, with 9600 miles from new that sold for $15M.
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