John Willhoit has been restoring Porsche for 37 years and has a year long waiting list. His estimate to restore a Porsche is $200,000 plus metal work. Metal work is between $20,000 and $100,000 depending on the condition of the car.
The amount of money people put in these cars is unbelievable.
Pretty sure I know someone (fashion designer) who has an original one of these. John Rocha. He used to collect his hot daughter (Zoe) from school in it the odd time.
Someone can gogle it but he had a 50s or 60s Porche, similar body, black paint, looked sweet.
Edit: He had 1958 porche 356 speedster
(http://1-photos.ebizautos.com/used-1958-porsche-356_a-sunroofcoupe-9423-11192098-1-640.jpg)
John Willhoit has been restoring Porsche for 37 years and has a year long waiting list. His estimate to restore a Porsche is $200,000 plus metal work. Metal work is between $20,000 and $100,000 depending on the condition of the car.
The amount of money people put in these cars is unbelievable.
So let me do the math. $150k for the car. At least $100k to restore and he can maybe sell it for $250k. Sounds like a wise business decision ::)
You obviously have no experience with restorations.
It won't cost close to a 100k to restore it. A lot of these guys run restoration businesses and would not pay a high dollar amount unless they know they can make money off it....in fact there's likely a buyer for the car already.
As rusty and beat up as it looks, its actually not as much work as it appears. As long as it has a VIN number and its authentic, it makes no difference
You obviously have no experience with restorations.
So let me do the math. $150k for the car. At least $100k to restore and he can maybe sell it for $250k. Sounds like a wise business decision ::)
Finding the talent to do it properly and paying the labor costs alone would drive the number through the roof. Can't patch on most of what I see in those pics, far too thin.
Its not that bad....take the whole car apart and get rid of the rust and patch it up. The biggest cost is finding all the stuff that its missing like the dashboard, engine, controls, etc.
Finding the talent to do it properly and paying the labor costs alone would drive the number through the roof. Can't patch on most of what I see in those pics, far too thin.
Its not that bad....
Some things (like this Porsche frame) shouldn't be considered restorations. How can you call something a restoration when it looks like they will have to source 99% of the car from somewhere else. It becomes a Frankenstein car at that point.
A vin number and a rusty frame (that they will add artificially to) does not make the car authentic to me. You could flip it around, and add the original headlights from this car to a complete replica, and claim the same thing.
I guess you can do/claim anything you want if you have enough money to burn.
i'm addicted to that show as well as storage wars...always hoping something iron related walks into the pawn shop..occasionally when storage units go abandoned and the contents go up for sale a barbell might be in the unit,but it's usually oh look a barbelll ho hum.. ::) ::) ::) ::) ::) ::) ::)I'll give ya $30 bucks, take it or leave it
(http://www.history.com/images/media/video/history_pawn_stars_03_haggling_101_sf_1159900/History_Pawn_Stars_03_Haggling_101_SF_still_624x352.jpg)
Some things (like this Porsche frame) shouldn't be considered restorations. How can you call something a restoration when it looks like they will have to source 99% of the car from somewhere else. It becomes a Frankenstein car at that point.
A vin number and a rusty frame (that they will add artificially to) does not make the car authentic to me. You could flip it around, and add the original headlights from this car to a complete replica, and claim the same thing.
I guess you can do/claim anything you want if you have enough money to burn.
So let me do the math. $150k for the car. At least $100k to restore and he can maybe sell it for $250k. Sounds like a wise business decision ::)restoring would cost more than 100k
Actually, Vince is right. The Vin number and photos of how the car was found are very important. It's all part of documenting this is a legit and rare (1 of 1700) 1955 Porsche 356. You are also right, when it's done, probably 40 percent of the body will be completely new.The AC Cobra A98 Coupe was a one off Le Mans racers. It got into an accident and basically burned to the ground (if I remember the Motortrend Classics Article). So, one was built off of the plans and some molds they found.
When people say older cars were better than newer cars and they point to a Chevelle that has a new frame, new suspension, new breaks, new engine, new transmission, and the body has been repainted using modern techniques, it just baffles me. To me that's a brand new car.
Exactly. A Picasso painting sold at auction for over 107 million dollars....if people have money to buy a drawing on paper, then they'll buy a car because they have money to burn. There are plenty of people with billions of dollars to where they can't spend it fast enough...dropping 500,000 dollars on a car is nothing when you can make that amount in just a day
This 1955 Porsche 356 Speedster just sold for $152,000. It's unbelievable that a car in this condition could be worth that much, but when it's restored it could sell for $250,000.give it to danny he can resurrect it...
http://www.carscoops.com/2015/12/somebody-just-bought-this-pile-of-rust.html (http://www.carscoops.com/2015/12/somebody-just-bought-this-pile-of-rust.html)
(http://1.bp.blogspot.com/-6nt56-xcDC0/VmDrUbOuu_I/AAAAAAAAQ54/mHsVlRE_Tzo/s1600/Porsche-356-19.jpg)
(http://4.bp.blogspot.com/-WVmm8828d6s/VmDrVygO6vI/AAAAAAAAQ6g/tszYQkwIEA0/s1600/Porsche-356-8.jpg)
(http://2.bp.blogspot.com/-kH2dhCWo3yU/VmDrS34GWPI/AAAAAAAAQ5Q/xPMTDcVCems/s1600/Porsche-356-10.jpg)
Its not that bad....take the whole car apart and get rid of the rust and patch it up. The biggest cost is finding all the stuff that its missing like the dashboard, engine, controls, etc.
yes, but is anybody going to paint over that Picasso? No, the paint on canvas is original. This car will not be original after restoration.
Exactly. A Picasso painting sold at auction for over 107 million dollars....if people have money to buy a drawing on paper, then they'll buy a car because they have money to burn. There are plenty of people with billions of dollars to where they can't spend it fast enough...dropping 500,000 dollars on a car is nothing when you can make that amount in just a day
Exactly. A Picasso painting sold at auction for over 107 million dollars....if people have money to buy a drawing on paper, then they'll buy a car because they have money to burn. There are plenty of people with billions of dollars to where they can't spend it fast enough...dropping 500,000 dollars on a car is nothing when you can make that amount in just a day