Gooding & Co’s. 2018 Amelia Island Porsche Auction Results
Total Porsches Offered: 37 | Total Porsches Sold: 34 | Total Porsche Sales: $15,636,800 | Sell Through Rate: 91.8%
We were a bit surprised by Gooding’s headliner, the 1974 911 Carrera RSR, Porsche’s first turbocharged race car ever, moving on as a no-sale lot. The bidding was coming hot and fast, but petered out around the $5-million mark. They eventually got it up to $5.4 million, but were forced to move on without selling it. The indication was that the reserve was not much above that number, but it seems a deal just couldn’t be made at that point. It feels like a few years ago this car would have sold for at least a million more.
There are a lot more sales here that we could discuss, but I want to zoom in on Lot #066, the ‘barn find’ Carrera coupe. I’m incredibly happy that some sanity has prevailed in the case of this 356, which sold for a good bit below the car’s pre-auction estimate. This 256 needed at least six-figures worth of work to get it into original condition, and people didn’t go ‘barn find’ crazy when the lot came up. Lately barn finds have been selling for ridiculous numbers, and this Carrera was sold right.
It isn’t worth going in depth on, but a nice Carrera GT is nearly a million dollars now, as evidenced by lot 081. Remember when you could get one for a quarter of that? It wasn’t all that long ago. And don’t even get me started on the nearly $100,000 1974 914 four-cylinder.
Lot 038 – 1990 Porsche 962C – Realized $1,595,000 vs. Est. $1,500,000 – 2,000,000
Lot 066 – 1957 Porsche 356A 1500 GS Carrera Coupe ‘Barn Find’ – Realized $506,000 – Est. $600,000 – 700,000
Lot 003 – 1953 Porsche 356 1500 Super – Realized $88,000 vs. – Est. $70,000 – 90,000
Lot 007 – 1986 Porsche 944 – Realized $41,800 vs. – Est. $35,000 – 45,000
Lot 008 – 1997 Porsche 911 Turbo S – Realized $319,000 vs. – Est. $300,000 – 375,000
Lot 010 – 2014 Porsche 911 50th Anniversary Edition – Realized $148,500 vs. – Est. $175,000 – 200,000
Lot 013 – 2011 Porsche 911 GT2 RS – Realized $539,000 vs. – Est. $500,000 – 600,000
Lot 022 – 1974 Porsche 911 Carrera RSR Bid to $5.4MM NO SALE vs. – Est. $6,000,000 – 8,000,000
Lot 027 – 1969 Porsche 911S 2.0L Coupe – Realized $154,000 vs. – Est. $150,000 – 200,000
Lot 030 – 1960 Porsche 356B 1600 GS/GT Carrera Coupe- Realized: NO SALE vs. – Est. $1,200,000 – 1,500,000
Lot 032 – 1966 Porsche 911 Coupe – Realized $258,000 vs. – Est. $275,000 – 350,000
Lot 033 – 1957 Porsche 356A Speedster – Realized $572,000 vs. – Est. $550,000 – 675,000
Lot 034 – 1967 Porsche 911S 2.0L Coupe Rally Car – Realized $220,000 vs. – Est. $250,000 – 300,000
Lot 040 – 1973 Porsche 911 Carrera RS 2.7L Touring – Realized: NO SALE vs. – Est. $750,000 – 900,000
Lot 041 – 1974 Porsche 914-4 2.0L – Realized $93,500 vs. – Est. $60,000 – 80,000
Lot 044 – 2015 Porsche 918 Spyder – Realized $1,540,000 vs. – Est. $1,400,000 – 1,700,000
Lot 046 – 1982 Porsche 928 – Realized $27,500 vs. – Est. $25,000 – 35,000
Lot 048 – 1959 Porsche 356A Cabriolet – Realized $132,000 vs. – Est. $175,000 – 225,000
Lot 050 – 1977 Porsche 911 Turbo 3.0L – Realized $104,500 vs. – Est. $160,000 – 200,000
Lot 053 – 1993 Porsche 911 Turbo S – Realized $1,760,000 vs. – Est. $1,600,000 – 2,000,000
Lot 054 – 1996 Porsche 911 Carrera RS 3.8L – Realized $715,000 vs. – Est. $600,000 – 700,000
Lot 055 – 1996 Porsche 911 GT2 – Realized $1,485,000 vs. – Est. $1,500,000 – 1,800,000
Lot 060 – 1988 Porsche 911 Turbo – Realized $107,250 vs. – Est. $130,000 – 160,000
Lot 064 – 1973 Porsche 911E 2.4L Targa – Realized $126,500 vs. – Est. $200,000 – 250,000
Lot 068 – 1976 Porsche 934 – Realized $1,320,000 vs. – Est. $1,200,000 – 1,600,000
Lot 071 – 1960 Porsche 356B Cabriolet – Realized $134,750 vs. – Est. $150,000 – 200,000
Lot 072 – 1969 Porsche 911S 2.0L Coupe – Realized $132,000 vs. – Est. $160,000 – 180,000
Lot 073 – 1987 Porsche 959 Komfort – Realized $1,100,000 vs. – Est. $900,000 – 1,200,000
Lot 074 – 1994 Porsche 911 Turbo 3.6L – Realized $206,250 vs. – Est. $225,000 – 275,000
Lot 075 – 1989 Porsche 911 Carrera 3.2L Speedster – Realized $269,500 vs. – Est. $250,000 – 325,000
Lot 077 – 1972 Porsche 911S 2.4L Coupe – Realized $225,500 vs. – Est. $200,000 – 250,000
Lot 078 – 2016 Porsche 911 GT3 RS – Realized $198,250 vs. – Est. $175,000 – 250,000
Lot 079 – 1993 Porsche 911 Carrera 4 Targa – Realized $132,000 vs. – Est. $75,000 – 100,000
Lot 080 – 1965 Porsche 356C Cabriolet – Realized $176,000 vs. – Est. $170,000 – 200,000
Lot 081 – 2005 Porsche Carrera GT – Realized $918,500 vs. – Est. $800,000 – 1,000,000
Lot 082 – 1996 Porsche 911 Turbo – Realized $159,500 vs. – Est. $150,000 – 180,000
Lot 088 – 1964 Porsche 356SC Coupe – Realized $132,000 vs. – Est. $100,000 – 125,000
RM Sotheby’s – 2018 Amelia Island Porsche Auction Results
Total Porsches Offered: 19 | Total Porsches Sold: 15 | Total Porsche Sales: $5,871,300 | Sell Through Rate: 78.9%
RM’s 964 lots sold very well at this event, bringing in an incredible $1.65 million dollars for the Carrera RS 3.8L, one of just 90 such examples built worldwide. It’s an icon of Porsche 1990s performance, and they are very rare to see here in the US. The unraced RSR sold for well over the million mark as well. Those two 964s dwarfed the rest of the Porsche collection, but it was a great sale for Porsche buyers and sellers.
It’s worth mentioning that a 1993 RS America sold from the 964 collection for a massive $190,400. Remember that the RS America is not a proper RS car, as it was nothing more than a Carrera 2 with a fixed tail, a rear seat delete, and a manual steering rack. Though, we suppose if standard Carrera 2s are selling for nearly a hundred grand, an RS America is worth slightly more. Is it a two-hundred-thousand dollar car? It is now!
Lot 112 – 2016 Porsche Cayman GT4 Clubsport – Realized $218,400 vs. – Est. $200,000 – 250,000
Lot 128 – 1967 Porsche 911S 2.0L Coupe NO SALE – Est. $250,000 – 300,000
Lot 132 – 1989 Porsche 911 Turbo 3.3L Targa – Realized $120,400 vs. – Est. $150,000 – 200,000
Lot 135 – 1967 Porsche 911 2.0L Soft Window Targa – Realized $128,800 vs. – Est. $100,000 – 120,000
Lot 138 – 2011 Porsche 911 Speedster – Realized $285,500 vs. – Est. $250,000 – 300,000
Lot 165 – 1993 Porsche 911 Carrera RS America – Realized $190,400 vs. – Est. $200,000 – 250,000
Lot 166 – 1991 Porsche 911 Turbo 3.3L – Realized $173,600 vs. – Est. $200,000 – 250,000
Lot 167 – 1993 Porsche 911 Carrera RS 3.8L – Realized $1,655,000 vs. – Est. $1,250,000 – 1,500,000
Lot 168 – 1994 Porsche 911 Turbo S X85 ‘Flachbau’ – Realized $654,000 vs. – Est. $600,000 – 800,000
Lot 169 – 1994 Porsche 911 Speedster – Realized $224,000 vs. – Est. $200,000 – 250,000<
Lot 170 – 1993 Porsche 911 Turbo S ‘Leichtbau’ NO SALE vs. – Est. $1,000,000 – 1,200,000
Lot 171 – 1989 Porsche 911 Turbo Slant Nose Coupe – Realized $224,000 vs. – Est. $200,000 – 250,000
Lot 172 – 1994 Porsche 911 Turbo S X83 ‘Flachbau’- NO SALE vs. – Est. $500,000 – 650,000
Lot 173 – 1994 Porsche 911 Turbo 3.6 – Realized $324,000 vs. – Est. $200,000 – 250,000
Lot 174 – 1992 Porsche 911 Carrera RS – Realized $218,400 vs. – Est. $200,000 – 250,000
Lot 175 – 1991 Porsche 911 Carrera Cup- NO SALE vs. – Est. $250,000 – 325,000
Lot 176 – 1993 Porsche 911 Carrera RSR 3.8L – Realized $1,270,000 vs. – Est. $1,200,000 – 1,400,000
Lot 181 – 1959 Porsche 356 A Coupe by Reutter – Realized $117,600 vs. – Est.
Lot 198 – 1969 Porsche 912 – Realized $67,200 vs. – Est.
Bonhams’ – 2018 Amelia Island Porsche Auction Results
Total Porsches Offered: 16 | Total Porsches Sold: 15 | Total Porsche Sales: $2,936,240 | Sell Through Rate: 93.7%
An interesting anecdote from this auction has to do with Lot 176, the 356C Outlaw pictured above. This was a Porsche that was a basket case, well beyond saving for proper restoration. It’s a well known fact that restoring to factory perfect often costs far more than simply fabricating a hot-rod Porsche to your heart’s content. This Porsche clearly had a lot of money invested into it, but re-engineering it to fit 911 suspension and drivetrain likely did not cost quite as much as replacing those rusty components with new or refurbished bits would have. Why then, did this car sell for almost twice what a good original 356C coupe would cost? Because someone in the room wanted it!
It’s nice to see 928s finally getting in on the major collector auction action. That is a Porsche that has long deserved more attention than it has received. Buy a nice one while you can, because they’re about to explode in value if 911s keep going this way. Just beware that a ‘nice’ 928 could be hiding a lot of sins.
Lot 176 – 1964 Porsche 356C Outlaw Coupe – Realized $122,080 vs. – Est. $100,000 – 150,000
Lot 110 – 1965 Porsche 911 – Realized $207,200 vs. – Est. $180,000 – 240,000
Lot 113 – 1957 Porsche 356A Speedster – Realized $445,000 vs. – Est. $450,000 – 550,000
Lot 131 – 1970 Porsche 911S 2.2L Coupe – Realized $198,240 vs. – Est. $175,000 – 225,000
Lot 140 – 1992 Porsche 911 Turbo 3.3L Coupe – Realized $343,800 vs. – Est. $275,000 – 325,000
Lot 144 – 1961 Porsche Junior 108 Diesel Tractor – Realized $25,200 vs. – Est. $45,000 – 65,000
Lot 145 – 1988 Porsche 911 Carrera 3.2 Targa ‘Rijkspolitie’ – Realized $84,000 vs. – Est. $100,000 – 130,000
Lot 146 – 1959 Porsche 356A 1600 Carrera GS Coupe – Realized $632,000 vs. – Est. $650,000 – 750,000
Lot 148 – 1970 Porsche 911T Race Car – Realized $34,720 vs. – Est. $50,000 – 70,000
Lot 149 – 1975 Porsche 911 Carrera Coupe – Realized $49,280 vs. – Est. $60,000 – 80,000
Lot 150 – 1958 Porsche 356A Coupe – Realized $84,000 vs. – Est. $80,000 – 100,000
Lot 183 – 1996 Porsche 911 GT2 NO SALE vs.- Est. $1,100,000 – 1,300,000
Lot 189 – 1989 Porsche 911 Carrera 3.2 M491 ‘Turbo Look’ Targa – Realized $169,120 vs. – Est. $115,000 – 165,000
Lot 195 – 1995 Porsche 911 Carrera RS 3.8L – Realized $368,000 vs. – Est. $350,000 – 450,000
Lot 196 – 1986 Porsche 928S – Realized $50,400 vs. – Est. $40,000 – 50,000
Lot 198 – 1973 Porsche 911E Coupe – Realized $123,200 vs. – Est. $130,000 – 150,000
Motostalgia’s – 2018 Amelia Island Porsche Auction Results
Total Porsches Offered: 7 | Total Porsches Sold: 5 | Total Porsche Sales: $170,500 | Sell Through Rate: 71.4%
Lot 09 – 1999 Porsche 911 Carrera 2 – Realized: $20,020 vs. Est. $25,000 – 35,000
Lot 15 – 2002 Porsche Boxster 2.7L Tiptronic – Realized: $12,430 vs. Est. $20,000 – 35,000
Lot 26 – 1962 Porsche 356B S Coupe – Realized: $77,000 vs. Est. $85,000 – 125,000
Lot 39 – 2003 Porsche 911 Targa – Realized: No Sale vs. Est. $35,000 – 45,000
Lot 53 – 1997 Porsche 911 Carrera 4S – Realized: No Sale vs. Est. $110,000 – 150,000
Lot 54 – 1985 Porsche 944 – Realized: $19,800 vs. Est. $25,000 – 35,000
Lot 56 – 1993 Porsche 911 Carrera 2 Targa – Realized: $41,250 vs. Est. $50,000 – 65,000
Hollywood Wheels has not yet released their auction results. We will update this post when they do.
View Comments (3)
Thanks for posting this! It nice to get a quick overview like this without needing to go to the auction websites :)
The early 911 market is unbelievably soft, IMO. Why?
Hey, Scott,
What are you basing your comment off of? You can't really go by auction results unless you know the exact condition of each Porsche. More likely than not, what seems like a soft market is usually a product of what's being offered. In other words, the smart money is no longer pushing stupid dollars at #2 and #3 condition cars. If they aren't #1 condition, then they should just be driven anyway...