As any of you knows, the last few years prices for early Porsches are reaching levels no one would have expected 10 years ago. OK, it was obvious back then that the true racers from the fifties and early sixties, the aluminum Spyder generation, were so iconic and rare that these prices would go up. However I guess very few in that time would have made a bet about the level of the prices Porsches 356 and early 911s reach nowadays. It is clear that lots of peoplethat had money on the bank, started withdrawing it from their accounts to invest it in precious metal, and I don’t mean gold : it seems vintage cars have become the gold of today.
This is the time of the year we can see if the market for vintage cars is still growing, and wether new record prices will be paid for vintage four wheelers. Among other events like the Rolex Monterey Motorsports Reunion, the Automobilia Monterey showt and ofcourse the Pebble Beach Concours d’Elegance, the Monterey Car Week, traditionally mid-august, hosts some interesting auctions.
Unfortunatey Gooding Auction House announced about 2 weeks ago the Porsche 917 raced by Steve McQueen in the legendary Le Mans Movie and an ex Jo-Siffert car, was withdrawn from the auction. Rumours said before the withdrawal was known to the public, that this car could reach a $30 Mio bid. Now ofcourse the rumours are going about the reason of the withrawal. Gooding doesn’t comment it, for privacy reasons. Some other cars that might hit the million dollar sign : A 1974 Porsche Carrera 3.0 RS, and a 1988 Porsche 959 Komfort. 3 Porsche 356 Speedsters, a 1963 Porsche 356 Carrera 2, and some early 911s. Curious what prices they will sell for, especially the 1965 Porsche 911.
Bonhams Auction house brings a Porsche 908/03 Spyder under the hammer. The car with chassis 002 was constructed as a factory development chassis and used for street testing in the Targa Florio. Later on Gijs van Lennep drove it to the podium in the Nurburgring 1000KM. The car has been part of the Collier Collection in Naples, Florida. Other Porsches auctioned by Bonhams are 2 1973 Porsche Carrera RS 2.7L, some Porsches 356 and a 1974 Porsche Carrera RSR 3.0L that might hit the million dollar mark too.
RM Auctions brings a Porsche 962 IMSA GTP (Chassis 962-F01) from the Hotchkiss Racing team in Wynn’s livery. Those that visited the Rennsport Reunion in 2011 have seen the car in action at the Laguna Seca Raceway. Some Porsches 356 and early 911s auctioned by RM Auctions too, among the 911s one from 1965. Curious about that one too.
Most of the Porsches are being sold by Mecum Auctions, the auction house that sold the Porsche 550-077 from the Dunkels. The car attracting most attention is the 1976 Porsche 934/935 IMSA ‘El Salvador’, the car that wasn’t sold at the highest bid of $525.000, last year at the RM Auctions Monterey sale. A rare 1992 Porsche 964 Turbo2 goes under the hammer, next to lots of Porsches 356 and 911’s, both vintage and more recent, likte a 1981 Ruf Turbo Cabriolet.
It’s only a few more days of waiting, and we will know if the prices paid for Porsches the last few years will be confirmed, or will another bubble explode?