A $30,000 Porsche 914-6; the New Normal or a One-Off?

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.