The results of the auctions at Amelia Island

2019 Porsche 911 GT2 RS Clubsport

Even though the auctions at Amelia Island are like over a month ago, we still consider it worth to look back at it. Early March was the moment that most of the world started realizing that the Coronavirus was not just the annual flu. The first rumours started spreading about events being cancelled to prevent further spreading. So there is no way around. News like that does influence the thinking and acting of people. Let’s take a look at the results of the auctions at Amelia Island. 

In total about 45 Porsches came up for sale at the 3 major auction houses during the Amelia Island auction weekend. As you may have read in our preview of the Amelia Island auctions, there were some rare Porsches among the cars in the auction, but definitely not the extremely rare gems. 

1988 Porsche 944 Turbo Cup

The Bonhams auction

The  ex Rothmans 1988 Porsche 944 Turbo Cup fetched a hammerprice of $52,460, just under the lower price of the estimation fork. The 1976 Porsche 911S found a new owner for $96,320. You could consider that the most remarkable hammering of the cars in the Bonhams Auction. And that’s even more the truth, considering the 1968 Porsche 911S in the same auction only fetched a few thousands and hammered down at $97,440.

1987 Porsche 959 Komfort Darin Schnabel ©2020 Courtesy of RM Sotheby’s

The RM Sotheby’s auction

There are only a few Porsche 959s that are street-legal in California. One of them crossed the block in the RM Sotheby’s auction at Amelia Island.  The first real Porsche supercar was the only Porsche that sold for a 7 figure hammer price. The new owner dug $1,050,000 out of his wallet to bring the 1986 Porsche 959 Komfort home. 

Further interesting cars were the 1992 Porsche 911 Carrera RS, 2019 Porsche 911 GT2RS Weissach and the 2019 Porsche 911 GT2RS Clubsport. Both the “Weissach” and the Clubsport edition of the  Porsche 911 GT2 RS  had never been used and were presented in factory-fresh condition. The 1992 Porsche 911 Carrera RS just fetched the lower estimation and sold for $300,000. The ‘Weissach” edition of the 2019 Porsche 911 GT2 RS remained, quite surprisingly in my opinion, unsold with a highest bid of $310,000. The “Clubsport” edition however found a new caretaker who paid a staggering $527,500 for the car. 

The Gooding & Co Auction

We would have loved to see what the 2019 Porsche Cayman GT4 MR would have fetched at the Gooding & Co auction. However, as told in our preview, the current owner decided to withdraw.Did he change mind ? Or did he find a buyer in a private sale ? We don’t know, but we regret not seeing the car in tha auction.  3 RUFS were in the Gooding Auction, and that’s rarely seen

The 1998 RUF Turbo R reached a hammerprice of  $676,000.  The 2009 RUF CTR3 is another very rare bird with only 30 examples built. No surprise bidding went up to Sold for $808,000 before bidding stopped. A steep price, but the new owner takes home an extremely rare car. The RUF RT12 disappointed, as it sold way under the lower estimate.  The hammer fell down at  $263,200 for the RUF CTR12. Readers who may show interest in RUF cars, can take a look at the RUF book that we reviewed recently

Conclusion

Our conclusion in general is that there were no extremely high prices paid for most of the cars. But seen the rarity of the most cars auctioned, that is no surprise at all. As we have said before, prices for classic cars are definitely down compared to the bull market prices of some years ago. But we don’t have the impression that prices continue to go down. We just think that auction houses not always have the most realistic estimations. And we believe the cars that come up for auction aren’t always the best cars. We are convinced the best cars, change hands in private sales, and go from one collection to another without the world really knowing about. 

We haven’t seen the cars in person and our reports are based on the descriptions of the cars, provided by the auction houses. So we always recommend to have a car inspected by a marque specialist before bidding. 

The Porsches in the Bonhams Auction in Amelia Island

Lot 115 : 1988 Porsche 944 Turbo Cup Estimation $60,000 – $80,000 Sold for $52,460
Lot 116 : 1962 Porsche 356 B Super 90 Cabriolet Estimation $100,000 – $130,000 Amended, highest bid $85,000
Lot 157 : 1976 Porsche 911S Estimation $60,000 – $80,000 Sold for $96,320
Lot 162 : 1992 Porsche 911 Carrera 4 Cabriolet Estimation $ 65,000 – $85,000 Sold for $56,000
Lot 195 : 1968 Porsche 911S Estimation $110,000 – $130,000 Sold for $97,440
Lot 204 : 1987 Porsche 928S4 Estimation $30,000 – $40,000 Sold for $25,760

The Porsches in the RM Sotheby’s Auction in Amelia Island

Lot 106 : 1989 Porsche 911 Carrera 4 Coupe Estimation $50,000 – $70,000 Sold for $103,600
Lot 114 : 2017 Porsche 911 Carrera S Endurance Racing Edition Estimation $150,000 – $175,000 Sold for $126,000
Lot 122 : 1973 Porsche 911 S Coupe Estimation $160,000 – $190,000 Sold for $140,000
Lot 124 : 1992 Porsche 968 Estimation $60,000 – $80,000 Sold for $64,400
Lot 125 : 2006 Porsche 911 Carrera S Club Coupe Estimation $130,000 $160,000 Sold for $89,600
Lot 128 : 1989 Porsche 911 Speedster Estimation $150,000 – $200,000 Sold for $184,800
Lot 129 : 1987 Porsche 959 Komfort Estimation $1,000,000 – $1,250,000 Sold for $1,050,000
Lot 140 : 2004 Porsche Carrera GT Estimation $750,000 – $800,000 Sold for $7886,000
Lot 150 : 1992 Porsche 911 Carrera RS Estimation $300,000 – $375,000 Sold for $300,000
Lot 151 : 1976 Porsche 911 Turbo Carrera Estimation $150,000 – $175,000 Sold for $123,200
Lot 152 : 2019 Porsche 911 GT2RS Weissach Estimation $375,000 – $425,000 Unsold, highest bid $310,000
Lot 155 : 2019 Porsche 911 GT2RS Clubsport Estimation $360,000 – $400,000 Sold for $527,500
Lot 157 : 1987 Porsche 944 Turbo Estimation $60,000 – $80,000 Sold for $78,400
Lot 203 : Porsche 917 Junior Estimation $35,000 – $45,000 Sold for $21,000
Lot 242 : 1957 Porsche 356 A Speedster by Reutter Estimation $325,000 – $400,000 Sold for $335,000
Lot 247 : 1974 Porsche 911 Carrera Coupe Estimation $125,000 – $175,000 Sold for $137,200
Lot 272 : 1962 Porsche 356 B Twin Grille Roadster by D’Ieteren Estimation $300,000 – $350,000 Sold for $280,000

The Porsches in the Gooding & Co Auction in Amelia Island

Lot 004 : 1973 Porsche 914 Estimation $45,000 – $65,000 Sold for $47,040
Lot 013 : 2012 RUF RT12 Estimation $325,000 – $400,00 Sold for $263,200
Lot 022 : 2016 Porsche Boxster Spyder Estimation $150,000 – $175,000 Sold for 106,400
Lot 025 :1996 Porsche 993 Carrera RS Estimation $350,000 – $400,000 Sold for $362,500
Lot 028 : 2019 Porsche Cayman GT4 MR WITDRAWN
Lot 031 : 1996 Porsche 993 Turbo Estimation $160,000 – $180,000 Sold for $145,600
Lot 035 : 2016 Porsche 911 Carrera GTS Rennsport  Reunion Edition Estimation $175,000 – $225,000 Sold for $134,400
Lot 038 : 1973 Porsche 911 S Estimation $250,000 – $325,000 Sold for $280,000
Lot 039 : 2016 Porsche 911 Carrera GTS Club Coupe Estimation $160,000 – $200,000 Sold for $145,600
Lot 045 : 2009 RUF CTR3 Estimation $800,000 – $1,000,000  Sold for Sold for $676,000
Lot 048 : 1986 Porsche 930 Estimation $130,000 – $160,000 Sold for $159,600
Lot 050 : 2014 Porsche 911 50th anniversary edition Estimation $150,000 – $180,000 Sold for $137,200
Lot 051 : 1970 Porsche 914/6 Estimation $80,000 – $100,000 Sold for $123,200
Lot 052 : 1961 Porsche 356 B Super Coupe  Estimation $180,000 – $200,000 Sold for 207,200
Lot 054 : 1966 Porsche 911 Estimation $150,000 – $180,000 Sold for $184,800
Lot 055 : 1980 Porsche 911 SC Weissach edition Estimation $45,000 – $55,000 Sold for $56,000
Lot 056 : 1961 Porsche 356 Beutler  Coupe Estimation $400,000-  $600,000 Sold for $395,500
Lot 058 : 1966 Porsche 912 Estimation $50,000 – $70,000 Sold for 48,160
Lot 059 : 1971 Porsche 914 Estimation $80,000 – $120,000 Sold for $44,800
Lot 060 : 1973 Porsche 911E Estimation $120,000 – $140,000 Sold for $123,200
Lot 062 : 2011 Porsche 911 GT3 RS 4.0 Estimation $700,000 – $800,000 Sold for $621,000
Lot 067 : 1976 Porsche 934 Estimation $1,250,000 – $1,600,000 Sold for $1,380,000
Lot 69 : 1998 Ruf Turbo R Estimation $575,000 – $725,000 Sold for $676,000
Lot 082 : 2019 Porsche 911 Turbo S Cabriolet Exclusive Series Estimation $275,000 – $325,000 Unsold, highest bid $235,000
Lot 083 : 1973 Porsche 911 2.4S Estimation $180,000 – $220,000 Sold for $151,600

Pictures courtesy of Bonhams, RM Sotheby’s and Gooding&Co

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