I believe I heard of some serious issues with the RS that amounted to a 6-figure hit on value.

In terms of the 'quiet market,' the top cars are selling for more than ever. The cars going to auction are often the "hot messes."

[QUOTE=CountD;8976840]I vote that Skwerl should become our new auction analyst.

I'll second that. Tough job but someone's got to do it.:) Now with prime time coming Fri-Sat, with 4 major auctions, this should be the defining Auction moment till Monterey.

Do you feel like the fact that auctions are apparently overrun with hot messes masquerading as Hagerty #1s is indicative of anything?

Absolutely. I made the comment after the Santa Monica Auctions America event last Summer that I thought some cars may have been rushed to market in anticipation of a softening of the market. But it becomes a self-fulfilling prophesy to the casual observer when a car needing extensive reworking of a restoration doesn't meet the auction's estimates.

This is happening in the retail sales area as well, as I looked at a 'hot rod' RSR tribute last week that was sold well into 6 figures but needed (by my estimate) $60K in rework.

Add to that the changes from original, speedometer ( odometer ) intercooler, ac compressor, boost gauge, bad dash, just from photos, it seems a long way from buying with confidence when buying "as is" no test drive or PPI, with these issues, no wonder not much interest.

Skwerl regards again for posting the results. Having good knowledge of porsches and especially 930s I cant see how the auction houses allow these inferior cars to the block. Why can't they correct the obvious flaws and represent a purported low mileage '79 930 with respect. Too many auctions and too many substandard cars with high reserves. I understand it's all about the money but if cars don't sell doesn't it defeat the purpose. I don't know if other makes are dealing with the same issues at these auctions. These auctions reminding me of the wholesale used car auto auctions I attended as kid with my dad, anything goes running or not. Incorrect odometers, incorrect engine numbers are borderline fraud and something no one should have to deal with at these "prestigious" auction houses. They're a bunch of used car salesmen to me. You better know the product before you buy/bid.

^^ Auction houses aren't usually in the business of fixing up cars or correcting flaws (other than a wash and polish) on cars put up for sale. They are really just the middle man between the fellow putting up his car for consignment and the bidders.

If the cars are full of flaws then it's the responsibility of the auction house to disclose them. BTW, some of the auction houses have been putting up turds for sale for decades.

Barret Jackson underway...

Watch: http://www.barrett-jackson.com/Live/Streaming/Video

1974 Slant Nose conversion, red/tan
Sold: $44k
1974 PORSCHE 911 SLANT NOSE

1975 911S Slant Nose "re-creation"
Sold: $23,650
http://www.barrett-jackson.com/Events/Event/Details/1975-PORSCHE-911S-SLANT-NOSE-RE-CREATION-191138

1984 DP Zimmerman 935
Sold: $110,000
http://www.barrett-jackson.com/Events/Event/Details/1984-PORSCHE-935--190432

1985 Carrera, red/black, 74,000 miles
Sold: $36,850
http://www.barrett-jackson.com/Events/Event/Details/1985-PORSCHE-911-CARRERA--189238

1976 911S Cab with Strosek body kit
Sold: $33,000
http://www.barrett-jackson.com/Events/Event/Details/1976-PORSCHE-911S-CABRIOLET-190251

Gooding & Co. is also underway. Lots of nice looking Porsches:

The Scottsdale Auctions | Gooding & Company

Some of them have curiously high estimates so I don't know if they're counting on every attendee being a drunk billionaire or what.

Watch Live: https://www.youtube.com/watch?v=JTA52jrOa2g

1978 930, paint-to-sample, blue interior
Estimate: $130-160k
Sold: $107,500
http://www.goodingco.com/vehicle/1978-porsche-930/

1960 356B roadster, single family ownership since new, 29k miles, unrestored
Estimate: $175-225k
Sold: $162,500
http://www.goodingco.com/vehicle/1960-porsche-356-b-roadster-4/

1971 911 2.2S Targa, 69k miles
Estimate: $170-200k
Sold: $105,000
http://www.goodingco.com/vehicle/1971-porsche-911-2-2-s-targa/

1997 993 Turbo S, 1-owner, 22k miles
Estimate: $450-500k
Sold: $484k
http://www.goodingco.com/vehicle/1997-porsche-993-turbo-s-2/

What about this car?

http://uploads.tapatalk-cdn.com/2016...fa58f7bcd4.jpg


Sent from my iPhone using Tapatalk

Mmm soft prices so far:confused:

at lot 59 now so that red turbo is a ways off yet

That one will be up tomorrow I believe. They only did 60 lots today and they just wrapped up.

WTF! The sheeper sold for almost as much as the clean 3.2! Someone paid 33k plus hammer fee!

Yeah, I was trying to leave personal judgments out of the Barrett-Jackson cars but...yikes.

Guess you didn't get the Memo - "2016 is the year of the Sheeper"

Friday at RM Sotheby's - Phoenix:

1988 Porsche 959 'Komfort'
Estimate: $1.1-1.4m
High Bid: $800k, UNSOLD
1988 Porsche 959 'Komfort' | Arizona 2016 | RM Sotheby's

1968 911S Soft Window Targa, high quality restoration
Estimate: $200-250
Sold: $125k
1968 Porsche 911 S 'Soft Window' Targa | Arizona 2016 | RM Sotheby's

1989 911 Speedster
Estimate: $175-225
Sold: $140k
1989 Porsche 911 Speedster | Arizona 2016 | RM Sotheby's

1974 911 Carrera 2.7 MFI Coupe, matching numbers, restored
Estimate: $300-375k
High Bid: $270k, UNSOLD
1974 Porsche 911 Carrera 2.7 MFI Coupe | Arizona 2016 | RM Sotheby's

And here's pretty much all of them. A large majority failed to meet estimates, often by significant percentages. Use this link to look up individual lots.

201 - 10k (est 12-22k) 15% premium
202 - 36k (est 25-35k) 15% premium
203 - 30k (est 50-60k)
204 - 55k (est 60-80k)
205 - 52.5k (est 70-90k)
206 - 47.5k (est 50-70k)
207 - 95k (est 90-120k)
208 - 70k (est 100-150k)
209 - 160k (est 140-180k)
210 - 90k (est 100-125k)
211 - 60k (est 60-80k)
212 - 115k (est 100-140k)
213 - 800k (est 1.1-1.4M) unsold
214 - 360k (est 425-500k)
215 - 105k (est 150-180k)
216 - 125k (est 200-250k)
217 - 75k (est 100-150k)
218 - 620k (est 650-750k)
219 - 975k (est 950-1.1M)
220 - 625k (est 700-800k)
221 - 140k (est 175-225k)
222 - 170k (est 160-200k)
223 - 175k (est 200-250k)
224 - 600k (est 500-600k)
225 - 100k (est 125-150k)
226 - 340k (est 400-475k) unsold
227 - 1.0M (est 1.8-2.2M)
228 - 85k (est 120-160k)
229 - 1.1M (est 900-1.1M)
230 - 900k (est 900-1.1M)
231 - 1.275M (est 1.5-2.1M)
232 - 1.6M (est 1.6-2.0M)
233 - 140k (est 175-225k)
234 - 370k (est 525-625k) unsold
235 - 325k (est 375-450k)
236 - 1.025M (est 1.2-1.4M) unsold
237 - 270k (est 240-280k)
238 - 350k (est 425-500k)
239 - 1.15M (est 1.25-1.5M)
240 - 1.95M (est 2.4-2.8M) unsold
241 - 145k (est 200-250k)
242 - 9.0M (est 10.0-13.0M)
243 - 75k (est 125-150k)
244 - 240k (est 300-375k) unsold
245 - 1.25M (est 1.4-1.8M) unsold
246 - 900k (est 1.0-1.3M) unsold
247 - 370k (est 400-500k) unsold
248 - 1.6M (est 2.5-3.5M) unsold
249 - 800k (est 900-1.1M)
250 - 1.0M (est 1.3-1.5M) unsold
251 - 900k (est 1.4-1.6M)
252 - 370k (est 350-450k)
253 - 260k (est 325-400k) unsold
254 - 1.3M (est 1.5-1.8M)
255 - 675k (est 800-900k) unsold
256 - 140k (est 130-170k)
257 - 410k (est 500-575k)
258 - 200k (est 275-325k)
259 - 270k (est 300-375k) unsold
260 - missed (est 350-450k)
261 - 110k (est 160-190k)
262 - 290k (est 325-400k) unsold
263 - 355k (est 300-400k)
264 - 410k (est 450-600k)
265 - 225k (est 250-300k)
266 - 500k (est 550-650k) unsold
267 - 120k (est 125-150k)
268 - 247.5k (est 300-375k) unsold
269 - 115k (est 125-175k)
270 - 60k (est 90-110k)
271 - 65k (est 90-110k)
272 - 72.5k (est 80-120k)
273 - 150k (est 150-200k)
274 - 82.5k (est 85-105k)
275 - 55k (est 40-60k)
276 - 20k (est 30-40k)

You'd think Barrett Jackson could have found better quality examples to sell since the demand for 911's is still strong. Maybe the real collectors and enthusiasts with quality 911's are not selling? Or not selling at Barrett Jackson?
So far the ones that have gone through the auction all look like a red hot mess to me.
Just my opinion.....

Barrett Jackson doesn't really specialize in Euro cars -American Muscle cars and hot rods are their specialty. It looks like the auction houses have over played their hand and have significantly over estimated the value of less than excellent Porsche's. Unless that 68 S softy was a total POS someone got a nice car for a very good price.

Phil

68S Softy had BAD Gaps... Well bought if you just want to drive it. To collect it, not so much...