Gooding & Company’s 2017 Amelia Island Porsche Auction Results

UPDATE: There are links to the results of each of the other auction houses at the end of this post!

While Gooding & Company’s sell through rate on their Porsche lots was only 68%, Porsches as a total percentage of all Gooding sales for the weekend were nearly 44%.

The star of the entire show was clearly this 1988 GT1 Strassenversion that sold for $5,665,000. However, a number of other Porsche lots cleared the $1,000,000 mark and a 2011 911 GT3 RS 4.0 sold for $748,000.

Total Porsches Offered: 25 | Total Porsches Sold: 17 | Total Sales: $12,747,900 | Sell Through Rate: 68%

Caitlyn Jenner’s 2011 911 GT3 RS 3.8 Sold on Amelia Island

If you weren’t present, or didn’t watch the auction live, we would be remiss if we didn’t note the sale of Caitlyn Jenner’s 2011 911 GT3 RS 3.8. Caitlyn was present at the auction to present her car and her history/affinity to Porsche. She emphasized the fact that all proceeds (including the buyer’s premium) would be going to her foundation to provide funding to underfunded organizations that support Transgender teens within the LGBT community. Bidding was open at $100,000 and for a few minutes it was a bit uncomfortable as there wasn’t a single bid. However, someone in the crowd soon realized they could get a great Porsche for cheap money and pitched in the first bid. That’s all it took and bidding quickly heated up with the car ultimately selling for $169,400.

All Porsche Prices Realized During Gooding & Company’s 2017 Amelia Island Auction

Lot 001: 1986 Porsche 911 Carrera 3.2 ($60,000-$80,000) SOLD FOR: $53,900
Lot 007: 1989 Porsche 911 Carrera Speedster ($275,000-$325,000) SOLD FOR: $271,700
Lot 014: 1989 Porsche 930 ($175,000-$225,000) SOLD FOR: $242,000
Lot 019: 1997 Porsche 993 Turbo S ($350,000-$450,000) NO SALE
Lot 020: 1971 Porsche 911 2.2 S ($180,000-$220,000) SOLD FOR: $165,000
Lot 027: 1964 Porsche 356 Carrera 2 Coupe ($550,000-$650,000) SOLD FOR: $517,000
Lot 033: 1997 Porsche 993 Carrera 3.8 RSR ($750,000-$950,000) NO SALE
Lot 036: 1969 Porsche 911E ($100,000-$125,000) SOLD FOR: $97,900
Lot 041: 2011 Porsche 997 GT2 RS ($550,000-$650,000) SOLD FOR: $561,000
Lot 042: 1998 Porsche 911 GT1 Strassenversion ($6.5MM to $8.5MM) SOLD FOR: $5,665,000
Lot 043: 2011 Porsche 997 GT3 RS 4.0 ($650,000-$750,000) SOLD FOR: $748,000
Lot 044: 1993 Porsche 964 Turbo S Leichtbau ($1,300,000-$1,600,000) SOLD FOR: $1,540,000
Lot 048: 1970 Porsche 911ST ($750,000-$900,000) NO SALE
Lot 050: 2005 Porsche Carrera GT ($875,000-$1,100,000) NO SALE
Lot 056: 1977 Porsche 934/5 (Est. 1,400,000-$1,600,000) SOLD FOR: $1,375,000
Lot 058: 1966 Porsche 911 ($180,000-$200,000) SOLD FOR: $143,000
Lot 064: 1981 Porsche 924 GTR (est. $250,000-$300,000) SOLD FOR: $220,000
Lot 066: 2011 Porsche 997 GT3 RS 3.8 ($175,000-$250,000) SOLD FOR: $169,400
Lot 067: 1958 Porsche 356A Speedster ($475,000 -$550,000) SOLD FOR: $473,000
Lot 074: 1954 Porsche 356 Pre-A Cabriolet ($250,000-$300,000) NO SALE
Lot 075: 1993 Porsche 964 Carrera 3.8 RSR ($1,200,000-$1,400,000) NO SALE
Lot 077: 1962 Porsche 356 Carrera 2 Coupe ($500,000-$600,000) NO SALE
Lot 078: 1988 Porsche 959 Komfort ($1,000,000-$1,250,000) NO SALE
Lot 082: 1992 Porsche 964 Carrera RS ($250,000-$300,000) SOLD FOR: $198,000
Lot 086: 1997 Porsche 993 Turbo ($300,000-$350,000) SOLD FOR: $308,000

All in all, I’m still a bit uncertain on what these results mean for the market overall. Most realized prices were below or at the low-end of their pre-auction estimates. Of the 8 Porsche’s that didn’t sell (including the 959 Komfort and 2005 Carrera GT) it’s still possible that deals will be reached over the next day or two. I’m most interested in the “no sale” of the Carrera GT as it wasn’t the only one to not sell this weekend. Are seller’s expectations just too high or has the market started to soften?