[Tonger]

Originally Posted by Macroni

Snippet of Bloomberg Recap of disappointing Monterey Auctions pertaining to Porsche.......

Perhaps nowhere was the market more turbulent than among the top-tier Porsches.

Broad Arrow saw the highest number for the marque, with its $1.8 million sale of a 918 Spyder—even as the auction house failed to sell such Porsches as a 1973 911 Carrera RS2.7 Lightweight (bid to $2.2 million and unsold), a 2022 911 GT2 RS Clubsport ($660,000, unsold) and a 2007 RS Spyder EVO ($4.7 million, unsold).

RM Sotheby’s sold a 2019 Porsche 935 for $1.45 million and a 1988 Porsche 959 for $1.5 million, but it failed to find bidders for things like the 1957 Porsche 356 A, which was bid to $1.1 million.

Gooding, meanwhile, withdrew several of the Porsches initially listed for sale and saw others remain unsold during the public portion of the auction, including a 1996 911 GT2 bid to $1.4 million and a 1975 911 Carrera 3.0 RSR bid to $1.5 million—all while Bonhams sold a 1966 Porsche 906 Coupe for almost $1.9 million.

“Few models hit the heights, and it’s hard to spot a trend,” Steve Wakefield wrote in an auction report for K500, a car collecting guide. “Genuinely special Porsche 911s, not the modern product of the marketing department in Stuttgart, did well.”



It seems to me that $2.2 Million for a 73RS lightweight is a fair price and $4.7M for a RS Spyder is multiples of its value in the last two years. We have gotten spoiled by the ever-growing values of cars and are having a hard time accepting changing reality.

A bit of added context - The 2.7 RS Lightweight was actually a factory safari rallye car with quite a bit of ‘patina’. I was in the audience when it rolled across and it is actually listed at $2.4M now.

https://www.broadarrowauctions.com/vehicles/jc23_117/1973-porsche-911-carrera-rs-2-7-m471-lightweight-safari-rallye