Quote:
Originally Posted by voitureltd
Yesterday RM auctions Ft Lauderdale An 87 930 that did not run on the auction block, 68K miles, exceeded high auction no reserve estimate and with commission sold for $101.700.00 Said to be original no mods. also no PPI or ride and drive. Another one a 89 convertible with the ( desirable ) 5spd Black Black 70K miles some mods also exceeded high estimate and sold with commission for $94K. Again no PPI or ride and drive.
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I was at the auction, which seemed to be somewhat devoid of Porsche collectors, at least in terms of bidding on these two lots anyways. Both cars appeared to be dealer acquired. And the only reason the coupe sold for more than the cab is because it is two years older. The 2nd highest bidder (another dealer from South America) bid on both cars, but would’ve had a far higher import tax to pay on an ‘89 as he would’ve had on an ‘87, so he couldn’t bid as much for it. Because the ‘87 is a couple years older and was outside the 30 year time limit for import duties (per what he told me), he could pay much more for that one. Between the lack of collector interest and the import duties an ‘89 has versus an ‘87, the turbo cab turned out to be very well bought. It was by far the better car, the rarer car, and sold for less money. It was a terrific buy.
But this also seems to show some exhaustion from collectors IMO, at least on a very micro perspective at this one auction anyways. As just about all of the bidder interest I saw on both of these cars was from dealers. I just played spectator yesterday...no bidder badge for me, or that turbo cab probably would’ve sold for 6 figures with juice.