A $30,000 Porsche 914-6; the New Normal or a One-Off?
Updated: May 2, 2020
The auction for this 1970 Porsche 914-6 closes today and the price is only at $30,000. This is easily an $70,000 - $80,000 914-6 60 days ago but now it is struggling. It will definitely climb by the close of the PCarMarket.com auction, but it is not going to see the pre-COVID-19 pricing. There is a reserve on this Porsche 914-6 but in the hours to go I doubt it will come close to its reserve.
NOTE: This Porsche 914-6 did not meet its reserve price is currently on sale in the Pcar Market Deal tank stuck at $52,000.
Is this a factor of the car or COVID-19, and is this the pricing trend now, or just a blip in the market?
I started to look at Porsche 914’s about 10 years ago and wanted a six. They were selling for about $30,000 then but I kept waiting thinking that I had time. Well, before I knew it they were swept up in air-cooled Porsche pricing mania and they were $100,000 cars. I eventually picked up a nice 4-cylinder model for near $20,000 but I have always longed to have the 6-cylinder version.
This white over black 5-speed Porsche 914-6 had a recent $23,000 mechanical overhaul and is stated to be ready to drive. It has a low production number (9140431215) so it rates a little higher in the collector world. The big question with a 914 is what condition is the battery tray (“the hell hole” as it is known by 914 enthusiasts) since they are prone to rust. This “hell hole” was repaired in 2015. All elements of the car are stated to be in excellent condition. The car features the iconic deep six 15” Fuchs wheels with Dunlop DZ tires.
The interior of this Porsche 914-6 for sale features a factory-correct black basket weave vinyl interior with only minor wear and a few cracks on the dashboard. An upgraded steering wheel is installed and it is noted that the radio is inoperable.
As was noted $23,000 in mechanical work was recently completed. The noteworthy items included:
Top-end engine rebuild
Rebuilt brake calipers and hoses
Rebuilt transmission with replaced ring and pinion
Replaced master cylinder
Replaced brake pads
New tensioners
Upgraded cam
New fluids and filters
Timing chains replaced
The sale includes all original books and manuals, service records and two keys.
Conclusions
This driver Porsche 914-6 will climb in price by end of auction as bargain hunters jump in hoping for a deal but I expect it will go unsold by the end of auction.
My opinion is that this is a driver quality 914-6 with some of the noted appearance defects and would normally command a price of $75,000. I believe only the best models will now reach the dizzying heights that the six cylinder has been commanding of $100,000 plus.
Only the best will sell in this market as buyers wait to see what is happening to the economy.
A nice model, but driver model of air-cooled Porsche will probably only sell if it is a deal purchased by a deal shopper with the rare case of an owner that just wants to dispose of their car.
Let’s see where this one ends.
Note:While posting this article a $40,000 bid has come in.
Comments from Facebook 914 Group Members about the Car and the Article
PCar Market Auction of 1970 Porsche 914-6
Tags: Porsche 914-6, Porsche 914-6 for sale, Porsche 914 auction, Porsche 914 Pricing