The best place to be, every year come mid August, is Monterey, California for Car Week. As part of that week, all of the major auctions have some pretty interesting cars for sale, and this year’s offerings were spectacular. Gooding, in particular, was well worth going to. We attended the Gooding & Co. Auction this year, and were impressed with the turnout and the amount of significant Porsche lots they had available. Keep reading to see what they all sold for.
Gooding & Co.
As I said before, Gooding and Co, from the Porsche fan’s perspective, pretty much was the entire Monterey auction cycle. There were a few other significant cars at other auctions, but they just outdid everyone with multiple exciting lots valued in the handfuls of millions of dollars. The surprises here were many, so here’s our thoughts.
- Lot 050 was a new record for 956 sales, but that’s to be expected when you’re selling what could be the most significant 956 out there. It was a factory werks raced car, and it won Le Mans overall in addition to a second place finish the year before. You’re paying $10 million for history.
- The 904 being a No Sale lot absolutely astounded me. I was in the room and watched the car rapidly reach $2 million dollars in bids, but that’s where it stopped. I’m not sure if a secondary deal was reached, but the car looked like it deserved better than that.
- The RS60 fell a bit below its pre-auction estimate. I’m not sure this one surprised me, though. The car was absolutely perfect, but $5.4 million is a lot of money for this car, even in the current market. The seller should probably be pretty happy right now.
- Lot 158, the Speedster, was an all-original Porsche, down to its ragged but intact original paint. This is a 356 that’s lived a long and arduous life. If this car had been painstakingly restored, it probably would have sold for about half what it was in original condition. Porsches are only original once, but does that really double the car’s value?
Total Porsches Sold: 19
Total Porsche Dollar Value: $26,385,250
Lot 006 – 1977 Porsche 911 Turbo “930”: $187,000
Lot 014 – 1973 Porsche 911 Carrera 2.7 RS Touring: $660,000
Lot 023 – 1988 Porsche 959 Komfort : $1,732,500
Lot 049 – 1967 Porsche 911S Coupe $189,750
Lot 050 – 1982 Porsche 956 “Rothmans” Le Mans Winner : $10,120,000
Lot 051 – 1979 Porsche 911 Turbo “930”: $302,500
Lot 056 – 1964 Porsche 904 Carrera GTS: No Sale
Lot 060 – 1996 Porsche 911 Turbo “993TT” Jeff Zwart Pikes Peak Car: $192,500
Lot 064 – 1973 Porsche 911 Carrera 2.7 RS Lightweight: $962,500
Lot 103 – 1958 Porsche 356A Speedster: $379,500
Lot 115 – 1976 Porsche 911 Turbo “930”: $253,000
Lot 117 – 1967 Porsche 906E Carrera 6: $1,650,000
Lot 137 – 1975 Porsche 911 Carrera 3.0 RSR: $1,292,500
Lot 139 – 1973 Porsche 911 Carrera 2.7 RS Lightweight: $935,000
Lot 143 – 1960 Porsche 718 RS60: $5,400,000
Lot 144 – ALMS Championship Winning 2000 Porsche 911 996 GT3 R: No Sale
Lot 145 – 1973 Porsche 911 Carrera 2.8 RSR: $935,000
Lot 146 – 1988 Porsche 911 Turbo “930” Slantnose: $154,000
Lot 154 – 1967 Porsche 911 Coupe: $181,500
Lot 158 – 1958 Porsche 356A Speedster: $583,000
Lot 159 – 1994 Porsche 911 964 Turbo 3.6: $275,000
RM/Sotheby’s
RM had some exciting cars for sale in Monterey this year, but very few of them were Porsches. The 959 was nice, but not particularly noteworthy in the field of three in the city this year. I was interested in seeing the 356 Carrera 2 Coupe sell for a record price, but it doesn’t look like the buyers were in the room when they needed to be.
Lot 204 really surprised me. That seems like a lot of money for a 1975 anything, let alone a short-hood targa. It was beautiful, but I certainly would not have ponied up that much cash. The 993 Carrera RS was fantastic, and being that it’s already federalized and legal in the US is a huge bonus.
Total Porsches Sold: 12
Total Porsche Dollar Value: $4,309,250
Lot 102 – 1988 Porsche 959 Komfort: $1,210,000
Lot 108 – 1956 Porsche 356A 1600 Speedster: $330,000
Lot 110 – 1996 Porsche 911 “993” Carrera RS 3.8: $550,000
Lot 204 – 1975 Porsche 911 Carrera 2.7 Targa: $110,000
Lot 205 – 1971 Porsche 911T Coupe: $145,750
Lot 234 – 1976 Porsche 911 Turbo Carrera “US Prototype”: $341,000
Lot 236 – 1967 Porsche 911S 2.0L Coupe: $253,000
Lot 249 – 1974 Porsche 911 Carrera 2.7 MFI Coupe: $374,000
Lot 252 – 1986 Porsche 911 Turbo “930”: $159,500
Lot 256 – 1957 Porsche 356A 1600 Speedster: $440,000
Lot 311 – 1964 Porsche 356C Carrera 2 Coupe: No Sale
Lot 330 – 1965 Porsche 911: $187,000
Lot 348 – 1959 Porsche 356A 1600 Cabriolet: $209,000
Bonhams
Of the 959s that were in Monterey, I think this is the one I’d most like to have. I’m not positive if it is the same one, but I think I saw the car at the track the day after it sold, which was interesting. It was right outside of the Canepa temporary facility, so perhaps that’s where it ended up. I guess we’ll find out soon if it comes up for sale on their site. Either way, the guards red is an amazing color on those extended flanks, and the interior of the car I saw also had the black leather seats of the auction car.
This was also an interesting look at the 1989 Speedster market. There were four of them for sale, and not one of them came anywhere near what they were fetching just a year ago. What once was a quarter million dollar car is now hovering just above $100 grand. Sure, that’s still a lot of money for such a Porsche, but perhaps this is the beginning of the end of the Speedster bubble. I’ll keep an eye on this market for the next few auctions and see if this is a long term drop in value.
Total Porsches Sold: 12
Total Porsche Dollar Value: $3,511,750
Lot 3 – 1989 Porsche 911 Carrera Speedster: $165,000
Lot 30 – 1973 Porsche 911S 2.4L Targa: $176,000
Lot 36 – 1973 Porsche 911 Carrera 2.7 RS Touring: $324,500
Lot 41 – 1968 Porsche 911 Soft-Window Targa: $165,000
Lot 47 – 1955 Porsche 356 Pre-A Continental Cabriolet: $297,000
Lot 54 – 1987 Porsche 911 Turbo “930” Slantnose: $134,750
Lot 69 – 1986 Porsche 911 Turbo “930”: $82,500
Lot 72 – 1987 Porsche 959 Komfort: $1,457,500
Lot 87 – 1967 Porsche 912 Coupe: $55,000
Lot 94 – 1965 Porsche 911: $253,000
Lot 107 – 1973 Porsche 911S 2.4L Sunroof Coupe: $236,500
Lot 111 – 1969 Porsche 911S 2.0L Coupe: $165,000
Mecum
74 cars crossed the block and only 39 sold. While that’s hardly surprising due to Mecum’s quantity over quality mentality, there were two big surprises that are worth talking about.
- The McQueen car. This was an absolutely insane number for a 1976 930. This is a Porsche that, on a good day, is worth just shy of $200 grand, and yet this one nearly fetched ten times as much because it was owned for a short period by Steve McQueen. Yes it is a nice 930, and yes it has documents signed by the king of cool, but does that elevate it to 7-figure status? Evidently it does. And sure, some of the money was for charity, but nobody really knows just how much. I guess the buyer got $200 grand worth of car and $1.75 million dollars worth of story to tell their friends. If you’re interested, the video of the sale can be seen below.
- The world’s first million dollar Carrera GT. It happened. One million dollars even. Now that the dam has broken, I don’t think it’ll be all that long before we see another one, and probably a handful more after that. This sale will cause a run on the Carrera GT market, which has already been going crazy in the last year or two.
Total Porsches Sold: 39
Total Porsche Dollar Value: $7,928,000
Lot T42 – 2001 Porsche 911 Carrera 2: $27,000
Lot T63 – 1967 Porsche 912 Coupe: No Sale
Lot T63.1 – 2003 Porsche 911 Carrera 4: No Sale
Lot T68 – 1974 Porsche 914 W/ Chevrolet V8 Engine Swap: No Sale
Lot T70.1 – 1977 Porsche 911S: $35,500
Lot T71 – 1975 Porsche 914: No Sale
Lot T73 – 1973 Porsche 911T Coupe: No Sale
Lot T81 – 2003 Porsche 911 Carrera 2 Cabriolet: No Sale
Lot T84 – 1997 Porsche Boxster W/ 3.4 Liter Swap: No Sale
Lot T108 – 1973 Porsche 911S Targa: $165,000
Lot T119 – 1968 Porsche 911L Coupe: $52,000
Lot T126.1 – 1986 Porsche 911 Gemballa Slantnose: No Sale
Lot T131 – 1969 Porsche 911T Targa: $54,000
Lot T143 – 1974 Porsche 911 Targa: No Sale
Lot T149 – 1980 Porsche 911SC Targa: No Sale
Lot T158.1 – 1963 Porsche 356B Super Cabriolet: No Sale
Lot T159 – 1990 Porsche 911 Cabriolet: No Sale
Lot T161 – 1987 Porsche 928 S4: $15,000
Lot T163 – 1999 Porsche 911 Carrera 2 Cabriolet: $21,000
Lot T169.1 – 1991 Porsche 944 S2: No Sale
Lot T171 – 1992 Porsche 968 Cabriolet: $16,500
Lot T211 – 1978 Porsche 911SC Coupe: $22,000
Lot T228 – 2007 Porsche 911 Turbo: $65,000
Lot T240 – 1986 Porsche 944 Turbo: $8,000
Lot F23 – 1974 Porsche 911 Rinspeed Slantnose: $25,000
Lot F35 – 1971 Porsche 911T Coupe: $73,000
Lot F40 – 1998 Porsche 911 Carrera S Tiptronic: No Sale
Lot F47 – 1964 Porsche 356C Coupe: $62,500
Lot F67 – 1996 Porsche 911 “993” Carrera 4S: $92,500
Lot F103 – 1977 Porsche 911 Turbo “930”: No Sale
Lot F106 – 1987 Porsche 911 Turbo “930” Slantnose: No Sale
Lot F125 – 2005 Porsche 911 GT3: $65,000
Lot F147 – 2004 Porsche 911 Turbo Cabriolet: $55,000
Lof F155 – 1994 Porsche 911 964 Turbo 3.6: No Sale
Lot S1 – 1975 Porsche 911 Carrera Targa: $52,000
Lot S11 – 1960 Porsche 356B T5 Super 90 Roadster: $170,000
Lot S21 – 1988 Porsche 911 Turbo “930” Slantnose Targa: No Sale
Lot S22 – 1993 Porsche 911 RS America: $105,000
Lot S27 – 1973 Porsche 911E Coupe: $110,000
Lot S36 – 2008 Porsche 911 Carrera 2S “Centro 911” Center Drive Conversion: No Sale
Lot S37 – 1967 Porsche 911S Soft-Window Targa: $225,000
Lot S45 – 252 Mile 2005 Porsche Carrera GT: $1,000,000
Lot S47 – 1971 Porsche 911S Coupe: No Sale
Lot S50 – 1986 Porsche 935 Kremer K2 Street: $390,000
Lot S51 – 1953 Porsche 356 Pre-A 1500 Coupe: No Sale
Lot S62 – 1989 Porsche 911 Turbo “930” Cabriolet: $200,000
Lot S70 – 1962 Porsche 356B T6 Super 90 Cabriolet: No Sale
Lot S71 – Steve McQueen’s 1976 Porsche 911 Turbo “930”: $1,950,000
Lot S75 – 1977 Porsche 911 Turbo “930”: $200,000
Lot S76 – 1983 Porsche DP Motorsports 935: No Sale
Lot S83 – 1989 Porsche 911 Speedster: $190,000
Lot S86 – 2008 Porsche 911 GT3 RS 3.6: $220,000
Lot S94 – 1955 Porsche 356 Pre-A Speedster: $375,000
Lot S95 – 1962 Porsche 356B T6 Cabriolet: $92,500
Lot S96 – 1989 Porsche 911 Speedster: No Sale
Lot S100 – 1961 Porsche 356B T5 Coupe: $62,500
Lot S104 – 1953 Porsche 356 Pre-A Sunroof Coupe: No Sale
Lot S107 – 1985 Porsche Ruf 935 Wide Body: No Sale
Lot S111 – 1965 Porsche 356SC Cabriolet: No Sale
Lot S117 – 1957 Porsche 356 Speedster: $235,000
Lot S121 – 1986 Porsche DP Motorsports 935: No Sale
Lot S127 – 2005 Porsche Carrera GT: $775,000
Lot S130 – 1958 Porsche 356A Coupe: No Sale
Lot S136 – 1989 Porsche 911 Speedster: $100,000
Lot S140 – 1955 Porsche 356 Speedster: No Sale
Lot S145 – 1988 Porsche 911 Turbo “930”: No Sale
Lot S146.1 – 1973 Porsche 911 Carrera RS 2.7 Touring: No Sale
Lot S153 – 997 Mile 1997 Porsche 911 993 Carrera 4S: No Sale
Lot S154.1 – 1996 Porsche 911 Turbo: $180,000
Lot S158 – 1997 Porsche 911 993 Ruf CTR2: $300,000
Lot S161 – 1996 Porsche 911 993 Turbo: No Sale
Lot S163 – 1960 Porsche 356B T5 Super Sunroof Coupe: $87,000
Lot S164 – 1981 Porsche C928 Carelli International Convertible Prototype: $55,000
Lot S165 – 1976 Porsche 911 Turbo “930” w/ 964 bodywork: No Sale
