Big Money for Classic Porsches at Auction
The Taj Ma Garaj auction of Porsches and Volkswagens by RM Sotheby’s achieved sales results of $5.7 million. The 16 Classic air-cooled Porsches included in the auction represented 69% of the sales total.
The big seller was the 1957 Porsche 356A GT Speedster that sold for $1.380 million though it fell short of its pre-sale estimate of $1.5 -$2.0 million.
The one-of-a-kind 1997 Porsche 993 Turbo exceeded its pre-sale estimate by 63% bringing a price of $368,000 versus the pre-sale estimate of $225-$275,000. The former owner John Dixon spec’d this 993 Porsche through Porsche Exclusive when it was announced that the 993 would be the last of the air-cooled Porsches. Besides the paint-to-sample pearl white metallic the interior was done in supple cashmere leather with black trim and dark root wood accents. There were more than 30 special items on the order sheet including such unique features as leather trimmed turn signal and cruise control arms.
Several trends were observed at this sale regarding the Classic Porsches:
The unique one of a kind Porsches continue to bring in the big money
Porsche 993 models are the gold standard with the early 911’s for Porsche collectors
However, the early Porsche 911’s (F-series) are showing some softening in prices as evidenced by the 911’s and 912’s all failing to meet pre-sale estimates
Personal favorites, the Porsche 914-6 and G-Series Porsche 911 SC's held their own due to clean well-spec’d versions being offered.
Year Porsche Model Pre-Sale Estimate Sale Price
1951 356 Split Window Project $100-$200,000 $98,000
1952 356 Cab $375-$425,000 $299,250
1953 356 Limousine $150-$250,000 $207,200
1956 356 Speedster Dragster $5-$10,000 $6,160
1957 356A Carrera GT Speedster $1,500-$2,000,000 $1,380,000
1958 356 Sedan Delivery $100-$150,000 $86,800
1967 911 RHD Coupe $150-$200,000 $109,200
1967 911S Coupe $350-$450,000 $335,000
1969 912 Coupe $125-$175,000 $100,800
1970 914-6 $100-$125,000 $134,400
1973 911 Carrera RS 2.7 $400-$450,000 $412,000
1974 911 Carrera Coupe $175-$225,000 $168,000
1983 911SC Cab $50-$75,000 $52,640
1988 911 Carrera Project $4-$8,000 $5,600
1988 911 Turbo Flat-Nose $175-$225,000 $193,200
1997 911 (993) Turbo $225-$275,000 $368,000
Comments