By : Ian Kilburn
A couple of weeks ago we previewed a number of Porsche’s that were going under the Hammer at Monterey. In this article we give you the results compared to the Estimates.
Hagerty reported that while that $317 million figure is better than was expected by its marketplace experts, it falls 6 percent short of 2016 results for Monterey auctions.
“Upper-end cars had become tougher to sell and affordable cars were the ones seeing the most action”
Interestingly enough, grouped by decades, cars from the 1980s and ’90s performed very well on the auction blocks,
1970 PORSCHE 917K
Estimate: R195million – R240million
Actual Result: R185million
1994 PORSCHE 964 CARRERA 3.8 RSR
Estimate: R13, 5million – R16, 5million
Actual Result: R12, 5million
1961 PORSCHE JUNIOR L108 TRACTOR
Estimate: R675000 – R900000
Actual Result: R1 million
Porsche 993 GT2
Actual Results : No Sale car withdrawn.
Porsche 911 2012 GT3 Cup Brumos 4.0
Estimate: 1st Time for Sale
Actual Result: R6million
Porsche 911R 2016
Final Result: Unavailable
“Ifs”, “ands” and “buts” aside, the 2017 Monterey auctions were a solid success. All segments of the market were healthy, if modestly down from prior years. The top of the market is a slaughterhouse of competing auctions looking for the pinnacle of collectability, performance, style and rarity.RM Sotheby’s were the top performing auction house the kept a number of consignments in the pipeline for their sales in London and Maranello in just a month, not to mention Auctions America’s upcoming Auburn Fall sale.