In previous articles we’ve highlighted the most important Porsches that went under the hammer at the Bonhams Auction, the RM Sotheby’s Auction and the Gooding & Co Auction in Amelia Island earlier this month. Even though some of the cars looked very promising, there is only one conclusion. The market is going down, even for cars that looked to remain at least stable in the last few months. We don’t mean there’s a huge fall, but even a blind can see we’re over the top.
To our surprise, some of the Porsche’s of the Jan Koum Collection that went on the block in the Gooding & Co Auction didn’t fetch the high prices we’d expected. For example, the 3 yellow Porsche 911 RS underperformed in our opinion. So did the zero miles brand-new 2016 Porsche 911R. The 1973 Porsche 911 RS Lightweight, a very desirable car, remained unsold with the highest bid of $1,000,000. In the Bonhams Auction, a 1956 Porsche 356 Speedster didn’t find a new owner. The highest bid for a car that went easily over 400K a few years ago was only $270,000. A 1992 Porsche 964 Carrera RS changed hands for well under the lower estimate: the new owner had to dig out $184,800 premium included. You must admit, these were prices we couldn’t have even dreamed of some years ago. Most of the Porsche’s that crossed the block in the different auctions at Amelia Island sold below the lower estimates or (premium included) on the lower side of the estimation range.
Obviously bringing a rare Porsche to an auction no longer guarantees sky-high prices. The market has cooled down, even though we are convinced that prices will not drop to the level before the Porsche market went on fire. And we are convinced the market will go up again. But just as in the stock market, you never know when. Every buyer has to decide for himself when is the right moment to purchase a new toy. And meanwhile, we can only advise you to enjoy the toys you already have in your garage. Btw: as always, whenever you buy a car, whether it is at an auction or in a private deal, have it inspected by a professional.
The hammer prices of the Porsches in the Bonhams auction at Amelia Island (premium included)
Lot 184: 1955 Porsche 550 Spyder Manual Estimated $2,000 – 3,000 Sold for $1,530
Lot 209: 1969 Porsche 911 2.0S Coupe Estimated $175,000 – $225,000 Sold for $123,200
Lot 212: 1989 Porsche 911 Carrera Speedster Estimated $200,000 – $250,000 Sold for $140,000
Lot 213 : 1956 Porsche 356A Speedster Estimated $350,000 – $450,000 Unsold, highest bid $270,000
Lot 214: 1996 RUF Porsche Turbo R Estimated $650,000 – $850,000 Sold for $626,500
Lot 217: 1988 Porsche 911 Turbo Coupe Estimated $80,000 – $100,000 Sold for $75,600
Lot 218: 1964 Porsche 356C Coupe Estimated $70,000 – $90,000 Sold for $76,160
Lot 219: 1989 Porsche 930 Slantnose Coupe Estimated $175,000 – $250,000 Sold or $249,200
Lot 221: 1969 Porsche 911E Coupe Estimated$100,000 – $120,000 Sold for $103,600
Lot 229: 1971 Porsche 911T Targa Estimated $50,000 – $60,000 Sold for $47,040
Lot 236: 1974 Porsche 914 2.0 Estimated $80,000 – $100,000 Sold for $89,600
Lot 273: 1992 Porsche 964 Carrera RS Coupe $250,000 – $300,000 Sold for $184,800
Lot 279: 1968 Porsche 911S Coupe Estimated $190,000 – $230,000 Unsold, highest bid for $120,000
Lot 307: 1984 RUF modified Porsche 911 “RUF RSR” Estimated $175,000 – $225,000 Unsold, highest bid for $130,000
The Porsches in the RM Sotheby’s Auction at Amelia Island
Lot 103: 1988 Porsche 928 S4 Estimated $55,000 – $65,000 Sold for $67,200
Lot 107: 1995 Porsche 928 GTS Estimated$80,000 – $100,000 Sold for $89,600
Lot 111: 1988 Porsche 924S Estimated $15,000 – $20,000 Sold for $21,280
Lot 117: 2004 Porsche Carrera GT Estimated $600,000 – $750,000 Sold for $775,000
Lot 118: 2015 Porsche 918 Spyder Estimated $1,250,000 – $1,500,000 Sold for $1,187,500
Lot 121: 1978 Porsche 911 Estimated $225,000 – $275,000 Unsold, highest bid $175,000
Lot 124: 1966 Porsche 911S Estimated $200,000 – $250,000 Unsold, highest bid $145,000
Lot 133: 1990 Porsche RUF BTR Carrera 4 Turbo Estimated $250,000 – $300,000 Sold for $240,800
Lot 134: 2018 Porsche 911 GT2RS Weissach Estimated $340,000 – $380,000 Sold for $379,000
Lot 138: 1997 Porsche 911 Turbo S Estimation upon request Unsold, highest bid $950,000
Lot 145: 1971 Porsche 911E Targa Estimated $100,000 – $120,000 Sold for $78,400
Lot 146: 1971 Porsche 911S 2.2 Coupe Estimated $160,000 – $190,000 Sold for 100,800
Lot 153: 1991 RUF CR4 “Black Devil” Estimated $220,000 – $260,000 Sold for $201,600
Lot 155: 1955 Porsche 356 Speedster Estimated $225,000 – $275,000 Sold for $218,400
Lot 156: 1976 Porsche 911 Turbo Estimated $175,000 – $225,000 Sold for $140,000
Lot 157: 1989 Porsche 911 Speedster Estimated $140,000 – $160,000 Sold for $168,000
Lot 160: 1958 Porsche Tractor Junior 108L Estimated $40,000 – $60,000 Sold for $39,200
Lot 222: 1974 Porsche 911 Carrera 2.7 MFI Estimated $175,000 – $225,000 Sold for $151,200
Lot 225: 1997 Porsche Boxster “The Dean” Estimated $50,000 – $75,000 Sold for 29,120
Lot 246: 1965 Porsche 911 Estimated $210,000 – $250,000 Sold for $190,000
Lot 251: 1962 Porsche 356B Super 90 Twin Grill Roadster by D’Ieteren Estimated $375,000 – $475,000 Sold for $467,000
Lot 268 : 1955 Porsche 356 Speedster Estimated $300,000 – $350,000 Sold for $255,000
Lot 282: 1978 Porsche 911 Turbo Estimated $135,000 – $150,000 Sold for 123,200
Lot 283: 1997 Porsche 911 Turbo S Estimated $340,000 – $380,000 Sold for $346,000
The Porsches in the Gooding&Co Auction at Amelia Island
Mike Maez/Gooding & Company
Lot 004:1989 Porsche 911 Cabriolet Estimated $175,000 -$225,000 Sold for $207,200
Lot 010: 1974 Porsche 914 2.0 Estimated $50,000 – $70,000 Sold for $64,960
Lot 018: 1997 Porsche 993 Turbo S Estimated $425,000 -$475,000 Sold for 423,000
Lot 021: 2018 Porsche 991 GT2 RS Weissach Estimated $400,000 – $500,000 Sold for $357,000
Lot 024: 1973 Porsche 911 Carrera RS Lightweight Estimated $1,000,000 – $,1,200,000 Unsold, highest bid $800,000
Lot 027: 1983 Porsche 911 SC Estimated $60,000 – $80,000 Sold for $81,200
Lot 029: 1989 Porsche 911 Carrera Speedster Estimated $225,000 – $275,000 Sold for $187,600
Lot 031: 1972 Porsche 911 2.4S Estimated $250,000 -$300,000 Sold for 128,400
Lot 036: 1994 Porsche 964 Turbo 3.6 Estimated $250,000 – $350,000 Sold for 263,200
Lot 038: 1995 Porsche 968 Estimated $40,000 – $60,000 Sold for $40,320
Lot 041: 1992 Porsche 964 Carrera RS Estimated $425,000 – $475,000 Sold for $390,000
Lot 042: 1993 Porsche 964 Carrera RS 3.8 Estimated $1,200,000 – $1,500,000 Sold for $1,132,500
Lot 043: 1995 Porsche 993 Carrera RS Estimated $325,000 – $375,000 Sold for $302,000
Lot 044: 2008 Porsche 997 GT3 RS 3.6 Estimated $250,000 – $350,000 Sold for $179,200
Lot 045: 2010 Porsche 997 GT3 RS 3.8 Estimated $180,000 – $220,000 Sold for $190,400
Lot 046: 2011 Porsche 997 GT3 RS 4.0 Estimated $550,000 – $625,000 Sold for $582,500
Lot 047: 2011 Porsche 997 GT2 RS Estimated $550,000 – $650,000 Sold for $445,00
Lot 048: 2015 Porsche 918 Spyder Weissach Estimated $1,800,000 – $2,000,000 Sold for $1,490,000
Lot 049: 2016 Porsche Cayman GT4 Estimated $140,000 – $180,000 Sold for $117,600
Lot 050: 2016 Porsche 911R Estimated $350,000 -$450,000 Sold for $313,000
Lot 051: 1968 Porsche 911L Estimated $140,000 – $180,000 Sold for $84,000
Lot 053: 1986 Porsche 930 Estimated $180,000 – $240,000 Sold for $168,000
Lot 056: 1967 Porsche 911 2.0S Estimated $250,000 – $300,000 Sold for $225,000
Lot 058: 1979 Porsche 935 Estimated $2,550,000 -$ 3,000,000 Unsold, highest bid $2,000,000
Lot 065: 1984 Porsche 911 SC/RS Estimated $500,000 -$700,000 Sold for $687,000
Lot 067: 1973 Porsche 911 Carrera RS Touring Estimated $600,000 – $800,000 Unsold, highest bid $380,000
Lot 069: 1987 Kremer Porsche 962C Estimated $1,000,000 – $1,250,000 Sold for $1,022,500
Lot 073: 1981 Porsche 924 Carrera GTS Clubsport Estimated $250,000 – $300,000 Sold for $162,400
Lot 078: 1973 Porsche 911 2.4S Estimated $180,000 – $220,000 Sold for $196,000
Lot 079: 2004 Porsche 996 GT3 RS Estimated $275,000 – $350,000 Unsold, highest bid $200,000
Lot 083: 2004 Porsche Carrera GT Estimated $650,000 – $750,000 Sold for $687,000
Lot 086: 1958 Porsche 356 Carrera Speedster Estimated $300,000 – $400,000 Unsold, highest bid $172,500
Lot 090: 1958 Porsche Diesel Junior 108K Estimated $30,000 – $50,000 Sold for $40,320
