Urban legend? Barn Find?

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Urban legend? Barn Find?

Postby David J Marguglio on Thu Aug 19, 2004 3:40 pm

Last night Alexis and I are having dinner with another couple and the fact that I am looking for another Porsche comes up in the conversation. The woman says, “Oh my dad bought a classic Porsche just before I was born; then he got sick and never drove it.”

“Really, what was it?”

“It was a 1969 911. Last of the four-cylinders, I believe.”

“912?”

“Yeah, that’s it - a 912.”

“Cool, too bad you don’t have now.” :?

“Actually, my mom still does. She never got around to selling it after he died. It is still smells new; it has like 1,200 miles on it.”

“Twelve hundred?” :shock:

“Something like that. How much do you think it would be worth?”

“Let me call Barrett Jackson.”

So I told her I would get back to her with more info on how to sell such a car. Any thoughts?
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Postby Jad on Thu Aug 19, 2004 3:53 pm

I'm guessing urban legend? It would be very cool if such a car existed, but if stored 'in a barn' 34 years, I am guessing it is hardly new looking. Maybe 101,200 miles? Find out more and keep the forum posted. If perfect, that is the type of car to call the factory with, BJackson as you said, even Symbolic in town for a quick sale.
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Postby David J Marguglio on Thu Aug 19, 2004 4:06 pm

No dude. She has assured me it has less than 2k miles. I was joking about the barn. It has been under a cover in a garage in Glenndale, CA for its entire life.

I just spoke with a guy from Barrett Jackson and they are VERY interested in the car; wants to put in up in they big January Scottsdale event.

She said she would send me some digital pics soon, so I will post them when I get them. :lol:
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Here's some info

Postby Dan Chambers on Thu Aug 19, 2004 6:57 pm

David:
My wife, Monica, owns a '69 912. She paid a good price (comparatively speaking) for the car, and paid out the :shock: :shock: for an engine and tranny rebuild on the car. She was horrified at the total cost, especially for parts, when the car was finished. :banghead:

Now, with much relief, she's seeing the value of her car going up as the world becomes more interested in these hard-to-find, and now considered rare, Porsches. Recently, Pano had an article on the climbing price of 912's. (Phew!) :lol:

The '69 912 is unique in many ways: engine parts, body and wheel-base length, etc., all making them just a touch different and unique from the '68 and earlier 912's. :wink:

If this car you speak of is, in fact, as pristine and original as you indicate, it might be worth something ..... uhm..... I'm guessing here ..... in the low to mid 20K's in the "Ooh-La-La" Car sales places - and roughly in the high teens (Thousands - I say thousands, that is) on the Porsche-phile circuit. Now, if you're good at selling refrigerators to Inuits, and water to a fish, you might get more. This is just my guess. :?

Anyway, Monica and I are always looking at the current cost of 912's, particularly '69 912's, so as to get an idea of her investment in hers.

Just my 0.000000002 cents worth.

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Postby Jad on Thu Aug 19, 2004 9:03 pm

I would think the numbers Dan quoted are right for a restored car, but if it truly is a perfect car with only 1,200 original miles, I think there are collectors that would pay significantly more. That is a one of a kind item, not just a 912. A Jerry Seinfeld type might be interested. Be patient and put ads in Pano, maybe Autoweek and call places like Symbolic or give it to them on consignment and let them get the word out in the community and I would expect a lot more from the right person.
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Postby RickK on Thu Aug 19, 2004 11:30 pm

I have to agree with Jad on this. An original, unrestored car in mint condition is always worth over-market to serious collectors. I would think that Barret-Jackson would bring in what it is worth but that is dependent on who is in the bidding audience. I don't typically see a lot of Porsches cross their stage lately. Don't rush to sell this car, take your time like Jad said and definitely talk to Symobolic or even Grand Prix Classics in La Jolla.

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Postby Tim Comeau on Fri Aug 20, 2004 10:33 am

What a great find. I would verify all the numbers before doing anything else............ :wink:
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