The Bonhams Scottsdale auction : the results

ex Robert Redfords Porsche 904 Carrera GTS remains unsold

The 2 highlights we spoke about in our preview of the Bonhams Auction in Scottsdale, were the ex Robert Redford Porsche 904 Carrera GTS and the 1963 Porsche 356 Carrera 2 GS Cabriolet.
No need to say both cars are pretty rare. With just over 100 cars built, combined with celebrity ownership,  we had a strong price in mind for the Porsche 904 Carrera GTS (chassis 904-012).  However, we were wrong. Bidding stuck at $1,200,00. Not exactly the price the seller would want his car to be sold for.  

We had no opportunity to inspect the car ourselves. Was something wrong with the car? One thing is for sure: we do have a doubt about the Robert Redford ownership too, as there were no pictures of the actor with the car. Maybe that made potential buyers doubt? And in a market with downgoing prices, doubts usually don’t do any good to high hammer prices.

 

Porsche 904 Carrera GTS at Bonhams Auction Scottsdale (c) Bonhams Auction
Porsche 904 Carrera GTS at Bonhams Auction Scottsdale (c) Bonhams Auction

Only 64 Porsche 356 Carrera 2 Cabriolets were built. And unfortunately, we cannot tell you how many have survived. Sure thing, that won’t be much. So we predicted a hammer price of well over $1,000,000. In the end, we were right, but with a final hammer price of $ 1,000,500, the bidding stopped at a price well below the estimations. And just as in the auctions of the other 2 major auction houses, RM Sotheby’s and Gooding & Co, that seemed to be the atmosphere.

The auctioneer hammered down the cars at prices under the estimation fork. Definitely another sign that the market is going down. And maybe the auctioneers should adapt their estimations to the slower market, and aim not that high as they used to do. We’re wondering about the prices in the auctions next week in Paris. 

The results of all the Porsches in the Bonhams Auction in Scottsdale

Lot 8 1989 PORSCHE 911 CARRERA SPEEDSTER Sold for US$ 173,600 
Lot 10 1962 PORSCHE 356B 1600 COUPE Coachwork by Reutter Sold for US$ 89,600 = 
Lot 13 1991 PORSCHE 911 TURBO COUPE Sold for US$ 123,200 – 
Lot 27 1956 PORSCHE 356A 1600 SPEEDSTER Coachwork by Reutter Sold for US$ 362,500 – 
Lot 30  1964 PORSCHE 904 Carrera GTS  Unsold, highest bid  US $ 1,200,000
Lot 31 1989 PORSCHE 930 TURBO SLANT NOSE CABRIOLET Sold for US$ 229,600 =
Lot 48 1973 PORSCHE 911S 2.4 COUPE Sold for US$ 131,600 – 
Lot 51 1994 MERCEDES-BENZ E500 Sold for US$ 85,120 =
Lot 68 1967 PORSCHE 912 COUPE Sold for US$ 61,600 –
Lot 71 1975 PORSCHE 914 1.8 Sold for  US$ 19,600 – 
Lot 72 1958 PORSCHE 356A T2 1600 SPEEDSTER Coachwork by Reutter Sold for  US$ 222,880
Lot 78 1971 PORSCHE 911T TARGA Sold for US$ 64,400
Lot 87 1993 PORSCHE 928 GTS Estimation US$ 100,800 =
Lot 88 1963 PORSCHE 356 Carrera 2 GS Cabriolet Coachwork by Reutter Sold for US$ 1,000,500 –
Lot 102 1969 PORSCHE 912 OUTLAW 911R TRIBUTE Sold for US$47,040 –
Lot 104 1979 PORSCHE 928 Sold for US$ 61,600 + 
Lot 106 1991 PORSCHE 911 CARRERA 2 CABRIOLET Sold for US$ 40,320 = 
Lot 112 1989 PORSCHE 930 TURBO CABRIOLET Sold for US$ 141,120
Lot 114 1966 PORSCHE 912 COUPE Coachwork by Karmann Sold for US$ 49,280 –
Lot 118 1994 PORSCHE 968 Sold for US$ 61,040 =

All pictures courtesy of Bonhams Auctions House