Reflections on the results of the Porsches auctioned at the Monterey Car Week

There seems to be a stabilisation in prices when it comes to the early 70’s Porsche 911. Once upon a time, prices of well over $250,000 were paid for the most powerfull models of the 911 range. This time seems to be gone, but even than : you still need to pay a rather heavy price for a early Porsche 911. After all, that’s just a production model, that left the factory by the hundreds or even thousands.

At Mecum a low-mileage 2005 Porsche Carrera GT remained unsold for $575,000, where Russo and Steel sold the same model for $610,000. The revelation that Porsche brought to the market last year, the 2016 911 R, used to be sold for insane prices. However, the car that came on the block at the Russo and Steel auction didn’t move. 

2016 Porsche 911R Russo and Steel Monterey
2016 Porsche 911R

Conclusion

The collectors world is a strange world, nothing else with car collectors. Sometimes you see cars hammered for prices that make you blink your eyes. And on the other hand, some extra-ordinary cars won’t sell, to the disbelief of many. Im convinced the prices of the classic Porsches have stabilised and for some models even gone down. But there’s no way you can speak of a bubble.  The next appointment for some real serious auctions is Scottsdale, Arizona, early 2018. 

Click the links underneath to see the results of the Porsches auctioned at the respective auction houses

All the results of the RM Sotheby’s Auction

All the results of the Gooding & Co Auction

All the results of the Bonhams Quail Lodge Auction

All the results of the Mecum Auctions