WHAT’S INSIDE THE DECEMBER 2016 ISSUE OF 911 & PORSCHE WORLD?

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From the Editor…

UP FRONT… An expose into what’s driving the spiralling values of modern lightweight Porsches? Yes, indeed, but actually it’s not really that interesting, says Bennett

Last month I signed off my ‘Up front’ ramblings by promising a full and frank look at what is driving the crazy prices in the classic Porsche market. This was on the back of the recent news of a 993 GT2 going for £1.85m at RM Sotheby’s London sale. ‘Who buys these cars and what do they do with them?’ is what we were really pondering. Well, we have got to the bottom of the whole thing and, actually, it’s not really that exciting. Using another 993 GT2 as a backdrop, one J.Tipler has donned his investigative journalist hat and has been talking to those in the know. That is dealers, auction houses and collectors. These high prices are applicable to low-mileage, modern lightweight Porsches only, the sort lusted after by folk of a certain age and now with the financial wherewithal to cash in. These cars are not for driving. They are the automotive equivalent of fine art investment. The mileage is crucial to the value. Oh, and the fact that they don’t attract tax when sold is another factor, too. See, like I said, pretty dull, really. So dull that we decided not to flag this issue up as: ‘The money issue.’ Interestingly, this doesn’t apply to older stuff like 2.7 RSs where mileage and track record is seen as a badge of honour, almost. Back in the real world, and sifting through the auction results from Silverstone Auctions’ Porsche-only sale I was drawn to an early 924 with just 10,000kms on the clock. Now that’s a car that I lusted after when I was younger, and it went for just £15,000. I’ll get my coat…

Steve Bennett
Email: porscheworld@chpltd.com


 

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