The 49th Annual Auburn Fall Car Auction from RM Sotheby’s recorded $16.5 million of sales with a 90% sale rate. Classic Porsches didn’t fare quite as well as there was only a 50% sell-through rate. Auburn is an American Motorcar focused auction so the air-cooled Porsche results are not surprising.
The big winner among Classic Porsches was the 1964 356SC Outlaw in Speed Yellow. Based on the auction having an American Motorcar focus, it is not surprising that this non-traditional Porsche “Muscle Car” sold over estimate at $71,500 versus the pre-sale estimate of $50,000 - $60,000.
The surprise winner was the 1967 Porsche 912 Soft Window Targa that sold at $52,800 versus a pre-sale estimate of $35,000 - $50,000. Porsche 912’s seem to be having a slight resurgence right now so this one year only model fetched all the money.
On the other end of the spectrum were the losers at auction: Porsche 930’s. Two models were on the block, a 1988 Porsche 930 Cab and a 1989 930 Coupe. Both were no sales failing to meet their reserve price. The 1988 911 Turbo 930 Cab was estimated to sell at $90,000 - $120,000 while the 1989 911 Turbo 930 Coupe had a pre-sale estimate of $150,000 - $175,000. These results for Porsche 930’s reflect the lower interest and falling prices of Porsche 930’s in recent auctions. However, the Auburn auction may not have been the right venue for these Porsche Turbos that require a Porsche Collector willing to pay the steep price. They probably are not attending Auburn.
The lone 1989 Porsche 911 Speedster was a neutral sale selling within estimate at $112,000 versus a pre-sale estimate of $110,000 - $130,000. This is consistent with the recent Monterey Car Auction results where every auction seemed to feature a Porsche Carrera Speedster.
The lone Porsche 914 in the sale is not being shown in RM Sotheby’s Auburn Results. We’ll try to find out what happened to it.