Quote:
Originally Posted by TPorsche912
Both Gooding and Co. and R M have their results posted on their websites from yesterdays auctions. While Hollywood Wheels hasn't posted their results, there were attendees from the 911S Registry that have posted on their site. Seems noone was much impressed with their auctions and lots of "no sales"
Gooding and Co.
R M
Early 911S Registry Forums |
Not sure I agree with that. What I read was a couple guys on the 911 S board b*tchng about one particular auction (Hollywood Wheels). One guy said the cars were poorly documented, dirty and he never heard the term "numbers matching" and many did not sell for their listed prices. If that is true, that it is not surprising. .
I know Gooding does not show "no sells", but I am not going to tick and tie the actual sales versus the original catalog. SOmebody else can do that. Perusing their results, it looks like some of the better cars got in the middle of what is probably the highest range these cars have ever been offered at.
$350k for a '57 speedster - $25k above high range.
$330k for a 964 turbo -middle of the est. range.
$605k for a '75 RS - low side of range, only w/a bill of sale. I guess no title, so that would keep some bidders away.
$209k for a '72 S. - high side of range. And that one apparently had rear steel flares added to it.
Not that I am that much of an auction hound, but unless a ton of stuff did not sell, Gooding does not seem to be a big indicator of falling prices for Porsche's.
At some point, all the "1" cars will be out of enthusiasts hands and into collectors' hands. We may be nearing that point and now the 2 and 3 cars are going to be crossing the block - and get lower prices, but properly so. And that might be what that Hollywood Wheels auctions was all about.
I'll let the true auction hounds opine now.