Makes sense, it's seems that most the auction cars have shiny paint but not a lot of attention to details. Most buyer's know the difference and will pay accordingly.

Phil

100% on the mark!

Barret-Jackson:

1982 SC, white/brown, 98k miles
Sold: $33k
1982 PORSCHE 911 SC

Gooding:

1976 930, green metallic/cinnamon, 88k miles
Estimate: $250-300k
Sold: $198k
http://www.goodingco.com/vehicle/1976-porsche-930-2/

1988 930, red/black, 29k miles, "concourse winner"
Estimate: $175-225k
Sold: $137,500
http://www.goodingco.com/vehicle/1988-porsche-930/

1983 930, black/black, 39k miles
Estimate: $175-225k
Sold: $150k
http://www.goodingco.com/vehicle/1983-porsche-930/

1965 911, documented original restoration
Estimate: $250-300k
Sold: $225k
http://www.goodingco.com/vehicle/1965-porsche-911-6/

1979 930, red/black, 26k miles, one owner till 2014
Estimate: $175-225k
Sold: $107,500
http://www.goodingco.com/vehicle/1979-porsche-930-2/

1997 993TT, paint-to-sample Ferrari Fly Yellow, 30k miles
Estimate: $275-325k
Sold: $220k
http://www.goodingco.com/vehicle/1997-porsche-993-turbo/

Anyone looking @ Russo Steele results? Seems they had some Porsche also. No affiliation.

RM Sotheby's - Phoenix results rolling in
 

I'm guessing the speedometer switch hurt this car. It must be rougher than the pictures lead.

http://www.goodingco.com/vehicle/1979-porsche-930-2/


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Anthony,
R&S has a couple of 3.0 turbo's that hit the block tonight.
Phil

The 77 ice green Ice green metallic 930 got $240k @ BJ. Must have looked good in real time. Seems it was restored, looked nice.

Thanks to those posting the results and the added commentary/analysis to help make sense of the market. I have my 79 for sale and after all the auction results are in I may need to do some rethinking if warranted.

1979 930 for sale in Johns Creek, GA | Porsches for Sale | Excellence

Charles,

Really tough to do much with the auction sales results unless one is able to personally inspect cars being sold and has the requisite expertise to tease out all the small details. In general the 78-79's do not do as well at auctions as the 75-77. Also in general these cars are being prepped with the intent of maximizing resale value not with the intent of correctly preserving a car that is original or correctly restoring a car that needs that.

Phil

The 78 & 79's will do better as they hit the 40 year old mark just as the 75-77 have already done.

Just like fine wines, they get more expensive with age.

Likewise, on cars that soar sky high you never know if it was just because it was bid up by drunks, or speculative billionaires who don't know what they're buying and missed issues that savvy buyers would catch, or guys trying to show off to their dates, or the pressuring from the auctioneer, or two rich guys fighting over a car for one weird detail nobody else cares about, or the competitive atmosphere of auctions where beating-the-other-guy and egos can be at stake.

For some reason, most of the "well, you see, ..." excuse making happens when cars sell low, but there are plenty of reasons why high sales don't reflect the market, too.

The 993TTS is a fine example. It apparently had a front end respray, the miles are pretty high for a picky collector, and you would never in a million years be able to sell that thing for nearly $500k if you listed it anywhere else. The yellow 30k-mile TT that went for $220k plus fees, same deal. (Even with it going for at least $30k over market, it still fell way short of their estimate, incidentally.)

Anyway, it is certainly saying something when a huge majority of the cars on offer are allegedly sloppy driver grade vehicles, and that the appraisers thought people would pay top investment dollar for them.

Anyone saw the 88 930 in person? Does the sale price include the buyers premium?

1988 930, red/black, 29k miles, "concourse winner"
Estimate: $175-225k
Sold: $137,500
1988 Porsche 930 | Gooding & Company

They didn't even bother to put the correct orange bar badge on the RS. Little signs like that lead you to wonder about the rest of the car.

Consensus everywhere seems to be that the RS was in serious need of some work.

I inspected that car very closely. It was one of the nicest air-cooled cars in Scottsdale this week. 100% original paint and all original. Only very minor nits in my opinion were:
- lightly optioned/somewhat plain example in red/black, no sport seats. It just didn't "pop"

-1986-1988 cars are the lowest value of the 930's as they aren't the early cars nor do they get the lift of the 5-speed equipped 1989 models.

- it needed a serious paint correction and edge detailing. It was clearly loved but would have gone higher if it would have been impeccably prepared.

As it was it was an excellent, honest car that was overlooked for the reasons above. It was fairly bought and sold.

I thought the estimated prices at Gooding and such were overly optimistic. I paid more attention to the 356s and most of them had obvious defects with door and hood fits, etc. I wasn't going over the cars with a fine tooth comb either. Most were not top dollar cars IMHO. I really like the brown turbo at Bonham's. I think it did okay. The white '71 911E at B-J was a very nice driver and went for $99k.

For those who were actually there: was there any kind of "mood" in the air that might shed light on the results? With the uncertainty around oil and stocks and China and currency, I'm wondering if there was a feeling of caution and hesitation or was there still confidence and energy?

It was a cautious feeling. No crazy prices on most anything. Forget B-J, thats a carnival and their results cannot be trusted. I looked at all of the Porsche's except Russo and Steel and Silver. There were a few stars and those sold for a reasonable amount. The majority were needy, some significantly worse than others. Thus the results.

Today, like always, excellent no story cars bring good prices. Porsche's with needs bring less, often significantly less. Some sellers and some buyers often confuse this simple fact.

Holy Crap, Batman

Those are Great prices. Porsche just told me my color on my 1978 930, it was ordered special code 99 for paint and 97 for interior.

No one could tell me the color, color door tag is 291. Finally, Porsche called and told me the build sheet shows it's a 1978 GM Buick color # 45, light green metallic. With a special order green carpet, and white leather interior not offered in 1978. This is the only one ever of this color combo. For years I thought it was Ice Green Met, and ordered the color and it was a few shades off....very happy..

any pix?