CANEPA has three 959's for sale........

Guards Red, Pearl White and Silver............

1988 Used Porsche 959 Pearl White at Canepa Serving Scotts Valley, IID 9178202

1987 Used Porsche 959 Canepa Gen II at Canepa Serving Scotts Valley, IID 6837343

1988 Used Porsche 959 Red at Canepa Serving Scotts Valley, IID 7614508

I'll take the red one...........wish I had the pocket money.

 

The pearl white one looks the least modified. Not sure what the "Canepa mods" do to the market value of these cars. At 25 yrs of age, the emissions regulations are now moot. Wonder what the asking is on these.

 

959s currently shown in Canepa's inventory:
#165, 5400 mile silver Komfort with Canepa "Generation II" engine upgrades (640 HP) and 959 Sport suspension.
#183, 3400 mile pearl white (custom factory one off) with apparently stock motor but 959 Sport suspension.
#288, claimed to be the last 959 to leave the factory (I guess excluding the ones built in 1992); red Komfort with 340 miles, apparently completely stock.

I have been told that the asking prices range from $895K to $1.1 million, but have not verified this and don't know which price goes to which car. My guess is that #288 would be the biggest ticket, the silver #165 on the bottom at only(!) $895K, and the pearl white #183 between those two cars. Canepa always seems to be well above market on every car he has. Would be nice to learn what he actually sells them for.

Autosport Designs in NY has a silver with burgundy interior Komfort (no serial number given) with 12,000 miles that was imported to the U.S. in 2010, so it shouldn't have needed any engine mods. Ad does say the car had a $40,000 engine out "major service" (I would think so, at that price!) at Autosport. I am told the asking price is $695K.

 

Ok, you take the red one and I'll take the white one.

What was the price again?

 

I guess that leaves me with the silver one. Darn, I hate when that happens. LOL.

 

What are these selling for? (ballpark)

 

RM is selling this one this weekend with no reserve, as part of Don Davis collection, looks cherry...

Lot 147

1988 Porsche 959 'Komfort'

$500,000 - $650,000

Chassis no. WP0ZZZ95ZJS900143

Link to pics:
1988 Porsche 959 'Komfort' | The Don Davis Collection 2013 | RM AUCTIONS

 

I have driven and worked on a couple. Neat cars for sure, and well ahead of thier time, but IMHO, not worth the money they are asking. Not a very involving car to drive at all. No spirit to it and a bit numb feeling. Fast as hell though. The car looks really great in pictures, but in person it gives off a kit car body feel. The rear is spectacular, but the sides and front look kinda cheap on person.

 

I have done a lot of due diligence on that car with help from some of the guys in the 959 community. The description is off in a bunch of ways and that car is pretty ordinary as far as 959's go. That said, at the correct price it's a good car. But the correct price isn't what they're estimating.

 

So what did it go for? Any scoop?

EDIT: Just checked RM's website - sold for $770K - whoa

 

It was not a good example. Want to see what the bottom of it looked like? I hope I don't get in trouble for this. It also looked to me like it might have had leaking hydraulic actuators. Not good.

People are just dumb sometimes at these auctions.
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wow - thanks for that pic - what was the vibe like? Judging by the results posted on RM's site, looks like pretty enthusiastic bidding? or is that the new normal?

 

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Most of it was dumb. The only good buy of the day, IMHO, was the immaculate 73 carrera RS.

 

I'd never pay more than $250K for one of these.....the 996TT is a way better car technically and performance wise in every respect except for appearance.

Disclaimer.......if I bought one for $500K that would represent my entire net worth....so it ain't gonna happen regardless.

 

959 hammered at $770K today! F40 Money!

Brian

 

That's just crazy. Maybe uberwealthy just buying up assets to get out of cash.

 

The 1989 Speedster made $187K...unreal. It was a rare color combo...but $50K over market???

Brian

 

It hammered at $700k. $770k all in.

 

Yes, you're right, the "correct price" was indeed not what the auction house was estimating. The 959 sold for ABOVE THE HIGH ESTIMATE! Based on auction sales over the past year, the days of a $250K 959 are gone, and the current entry price is around $500K. Was this particular 959, with some mileage on it and some apparent needs, "worth" $770,000? At least one person--the buyer--thought so.

And talking down the value of a vintage car because something newer is faster or handles better, as some do with regards to the 959, completely misses the point. Any current model Ferrari will walk away from a Daytona or GTC or SWB--or dare I say even the sainted GTO--without breathing hard, yet buyers battle it out to pay two, four--and one hundred--times the cost of current Ferraris for the old bangers.

 

You put too much faith in auction buyers. The winning bidder was not even in the room. I highly doubt he even saw the car in person like I did. I have a feeling that he will be somewhat disappointed when he gets the car. If you want to base your valuations on something like that please go for it. There are lots of people who also bought gold for $1800 an oz. is that the true price of gold?

 

Don.......

The differences between an early 60's 911 and a 2001 + 911 are negligible in general terms, when compared to the differences between "any" 60's Ferrari and any late 2000 + Ferrari. Porsche 959's are not special cars at all IMHO when compared to other Porsches........just a little different.........but not special.

It can be said that Porsche built "one"model for 30 years whereas Ferrari had, what, 20 ?

That is the basis for my drubbing the 959 pricing........I was not comparing it to a Porsche 906 Carrera 6 or a 908 or anything like that.........

 

I am sorry but you are living on planet GAGA man. Are you serious??? The 959 was WELL ahead of any competition at the time in terms of supercars in a large number of respects, and you are telling me there is nothing special about it?? I think you need to read your history before you start spewing things like this because you definitely do not have a clue about what constitutes special in atutomotive vintage or classic car circles......

 

Ok lets forget about the auction then. How about you find me a low mileage 959(less than 10k miles) somewhere in the world for less than say 500k USD?? I'll buy it on the spot I promise you. And I can guarantee you I have a number of other people who would do exactly the same.
Also can I ask how many miles you have under your belt driving a 959??? I can assure I probably have more than you and I own a reasonable number of other high end performance cars including an F40 and can tell you the 959 holds up equally well in any objective comparison albeit using a different manner.
I just cannot understand anyone trying to set a value on any classic car based on whether the car is personally exciting to drive for them or not. Many of the old Enzo era ferraris, as well a other "valuable" classic motor cars are trucks to drive and yet they still command millions of dollars. The value of any classic motor is based on many different factors not just one. This is a fact.
I also think your comparison with gold is completely irrelevant.......

 

Why are you arguing with me. I would say that $540k is the right price for a 959 like you describe and if you found me one for $540k in great shape with less than 10k, *I* would buy it on the spot. I bid on the don Davis one up to $500k and I know it needs at least $40k worth of work. And congratulations on having so many miles in a 959 and owning an F40. Again, I don't know why you're arguing me with me about any of that. I want a 959. I am ready to add one to my collection. I know they're good cars. But they're not worth $770k for one in bad shape.

The point about gold at $1800 is that just because one person feels it is worth that, it doesn't make worth that market wide. I f you can't understand that, I get it. Logic doesn't appeal to everyone. Even if they have more miles on a 959 than anyone else on the planet. Just because one person feels that a crappy 959 is worth $770k, that doesn't make it so. There's an absolutely perfect one on the east coast for $595k and no one thinks it's worth it. What does that say about the DD 959?