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Is an $80,000 1957 Porsche 356A Coupe a Bargain?

At the May Gooding & Company Geared Online Auction a 1957 Porsche 356A Coupe sold for $80,300. It immediately caught my attention as these early 356A’s are normally $100,000 plus. The pre-sale estimate was $90,000 - $110,000 so even Gooding & Company thought it would sell above that $100,000 mark. It was a no reserve sale, so the market spoke saying it was an $80,000 car, not a $100,000 car.

Porsche 356A for sale
1957 Fjord Green Porsche 356A | Gooding & Company

Let’s look at why this is the case. From initial photos it is clearly not a Concours 356, but even driver 356A’s generally sell at that $100,000 mark. This 356A was finished in Fjord Green and sold through Hoffman Motors. Records are unknown