Are Air-Cooled Porsche Classic Prices Going up or Down?

Porsche 911 Carrera Speedster, Porsche GT3 Touring and Porsche GT3 RS

The biggest story of the week was of course the non-sale of the Porsche Type 64, but there were other stories within vintage Porsche sales. The market seems to have flattened out compared to the hot rising market several years ago of air-cooled Porsches.

It seemed like everyone was trying to sell a 1989 Porsche 911 Speedster this year as every auction house seemed to have one on the auction block. Prices were from the market correct low $145,000 to a high of $375,000 on a pristine example of the last Porsche Speedster (der Letzte Speedster) produced.

1985 Porsche Carrera Cab Wide Body (Image Mecum)

Air Brigade members tend to own and drive in the sub-$100,000 market. There were no big surprises here as the G-Series 911 Carreras all priced in the $40,000 - $50,000 range. The softest market seemed to be the Porsche 912 as prices lagged behind their other Porsche cousins.

There were only two 914’s on auction, one 914-4 and one 914-6. The six failed to sell while the four hit estimate for a high price of $67,200. This price is high for a 914-4 but reflects a long term single car owner with extensive records and a great color combination.

Similar to the Porsche Speedster, every auction house in Monterey seemed to have a Porsche 930 Turbo. For the most part the prices were in the $115,000 - $196,000 normal range for the car though there was an outlier at Bonhams of only $76,160 on a 1987 930 Turbo 3.3 liter.

The big over-achiever this year was the 1967 Porsche 911S Rallye offered by RM Sotheby’s. The final sale was $912,500 against a pre-sale estimate of $250,000 - $325,000.

1967 Porsche 911S Rallye (Image RM Sotheby's)

Porsche offered the Rallye package to customers to meet the FIA’s GT Group 3 regulations. This car eventually came into the hands of famed Porsche racer Bruce Jennings drove it on a daily basis. He only raced it once. The car is all original and unmolested.

There were several significant no sales beyond just the Type 64, most notably in the 1973 911 RS market. These have been collector gold at past collector car auctions but this year both RM Sotheby’s and Mecum had no-sales for their models of this highly valued Porsche.

Overall sales were off 34% for the year for all the 2019 Monterey Auction houses with sales of $245.5 million versus $370 million of last year. This is the lowest total since 2011. Analysts will be looking at the why with answers ranging from too many cars, to a softening collector car market.

2019 Monterey Sales of Porsche 356

Model Sale Price Estimate Auction House

1956 Porsche 356A Coupe $84,000 $125,000 - $150,000 Gooding & Co

1956 Porsche 356A Coupe-Reutter $126,000 $150,000 - $200,000 RM Sotheby’s

1956 Porsche 356A 1600 Speedster $315,200 No estimate Bonham’s

1957 Porsche 356A Carrera 1500 GS No Sale $500,000 - $600,000 Bonham’s

1957 Porsche 356A 1600 Speedster $195,000 $375,000 - $450,000 Bonham’s

1958 Porsche 356A Super Cab No Sale Bid to $170,000 Mecum

1958 Porsche 356A Speedster $285,500 $275,000 - $350,000 Gooding & Co

1959 Porsche 356A 1600 Conv D $151,200 $180,000 - $220,000 Bonhams

1959 Porsche 356A Conv D $313,500 No estimate Mecum

1960 Porsche 356B Outlaw $148,500 No estimate Mecum

1961 Porsche 356B $176,000 No estimate Mecum

1962 Porsche 356B 1600S Twin Grille $362,000 $350,000 - $425,000 RM Sotheby’s

1962 Porsche 356B Twin Grille Roadster No Sale Bid to $240,000 Mecum

1962 Porsche 356B Super 90 Twin Grille $610,000 $450,000 - $550,000 Gooding & Co

1963 Porsche 356 Carrera2 GS Coupe No Sale $600,000 - $750,000 Bonham’s

1965 Porsche 356C Cab by Reutter $156,800 $175,000 - $225,000 RM Sotheby’s

1965 Porsche 356SC Coupe $68,750 No estimate Mecum

1965 Porsche 365C Coupe No Sale Bid to $87,000 Mecum

Porsche 911 2019 Monterey Auction Results

1973 Porsche 911T Targa (Image Bonham's)

2019 Monterey Auction Sales of Porsche 911

Model Sale Price Estimate Auction House

1966 Porsche 911 $154,000 $175,000 - $225,000 RM Sotheby’s

1967 Porsche 911S $159,000 $175,000 - $225,000 RM Sotheby’s

1967 Porsche 911S Rallye $912,500 $250,000 - $325,000 RM Sotheby’s

1967 Porsche 911 Coupe $93,500 No estimate Mecum

1967 Porsche 911 Coupe 2.0 $85,120 No estimate Bonham’s

1968 911L 2.0 $61,600 $75,000 - $95,000 Bonham’s

1968 Porsche 911 $95,200 No estimate Bonham’s

1969 Porsche 911S No Sale Bid to $110,000 Mecum

1971 Porsche 911T $46,200 No estimate Mecum

1972 Porsche 911T $52,250 No estimate Mecum

1973 Porsche RS 2.7 Non Sale $600,000 - $725,000 RM Sotheby’s

1973 Porsche 911 RS 2.7 Post Sale $450,000 - $550,000 Bonham’s

1973 Porsche 911E Targa 2.4 $78,400 No estimate Bonham’s

1973 Porsche 911T 3.6 liter $85,000 No estimate Mecum

1973 Porsche 911 RS Lightweight No Sale Bid to $200,000 Mecum

1974 Porsche 911 2.7 $62.720 $50,000 - $60,000 Bonham’s

Porsche 911 Carrera G-Series 2019 Monterey Auction Results

1982 Porsche 911 SC Targa (Image Bonham's)

2019 Monterey Auction Sales of Porsche 911 Carrera G-Series

Model Sale Price Estimate Auction House

1982 Porsche 911SC Targa 3.0 $49,280 $45,000 - $55,000 Bonham’s

1984 Porsche 911 Carrera Cab $36,300 No estimate Mecum

1985 Porsche 911 Carrera Wide Body $59,000 No estimate Mecum

1987 Porsche 911 Carrera Targa 3.2 $45,920 $40,000 - $50,000 Bonham’s

Porsche 964 and Porsche 993 2019 Monterey Auction Results

Porsche 964 RS (Image Gooding and Company)

2019 Monterey Auction Sales of Porsche 964 and Porsche 993

Model Sale Price Estimate Auction House

1989 Porsche 964 Carrera 4 $201,000 $200,000 - $250,000 Gooding & Co

1991 Porsche 964 Carrera 4 Lightweight $456,000 $450,000 - $550,000 RM Sotheby’s

1992 Porsche 964 Carrera RS $400,000 $500,000 - $600,000 Gooding & Co

1993 Porsche RS America $132,000 No estimate Mecum

1996 Porsche 993 Carrera 4S $110,000 No estimate Mecum

1997 Porsche 993 Carrera 2 Cab $57,120 No estimate Bonham’s

Porsche 930 Turbo and Porsche Turbo 2019 Monterey Auction Results

Porsche 930 Turbo (Image Bonham's)

2019 Monterey Auction Sales of Porsche 930 Turbo and Porsche Turbo

Model Sale Price Estimate Auction House

1975 Porsche 930 Turbo $285,000 $225,000 - $275,000 RM Sotheby’s

1976 Porsche 930 Turbo $115,000 No estimate Mecum

1979 Porsche 930 Turbo, low miles $346,000 $350,000 - $500,000 Gooding & Co

1979 Porsche 930 Turbo $196,000 $175,000 - $225,000 Gooding & Co

1986 Porsche 930 Turbo $135,520 $125,00 - $150,000 RM Sotheby’s

1987 Porsche 930 Turbo 3.3 liter $76,160 No estimate Bonham’s

1987 Porsche 930 Turbo Slant Nose $145,600 $140,000 - $170,000 Bonham’s

1996 Porsche 911 Turbo $130,000 No estimate Mecum

1997 Porsche 993 Turbo $91,840 No estimate Bonham’s

1997 Porsche 993 Turbo S $368,000 $375,000 – 450,000 Gooding & Co

Porsche 911 Carrera Speedster 2019 Monterey Auction Results

The Last Porsche 911 Carrera Speedster (Image RM Sotheby's)

2019 Monterey Auction Sales of Porsche 911 Carrera Speedster

Model Sale Price Estimate Auction House

1989 Porsche 911 Carrera Speedster $145,600 No estimate Bonham’s

1989 Porsche 911 Carrera Speedster $151,200 $150,000 - $200,000 Bonham’s

1989 Porsche 911 Speedster No Sale Bid to $120,000 Mecum

1989 Porsche 911 Speedster, 263 miles No Sale Bid to $220,000 Mecum

1989 Porsche Speedster “Der Letzte” $379,000 $200,000 - $275,000 RM Sotheby’s

Porsche 912 2019 Monterey Auction Results

Porsche 912 Coupe (Image Mecum)

2019 Monterey Auction Sales of Porsche 912

Model Sale Price Estimate Auction House

1966 Porsche 912 $52,800 No estimate Mecum

1967 Porsche 912 $56,000 No estimate Bonham’s

1968 Porsche 912 $43,680 $65,000 - $85,000 Bonham’s

1969 Porsche 912 Soft Window Targa $77,280 No estimate Mecum

1969 912 Coupe $38,080 No estimate Bonham’s

Porsche 914 2019 Monterey Auction Results

1974 Porsche 914 2.0 (Image RM Sotheby's)

2019 Monterey Auction Sales for Porsche 914

Model Sale Price Estimate Auction House

1970 Porsche 914-6 No Sale $125,000 - $145,000 Bonham’s

1974 Porsche 914 2.0 original owner $67,200 $45,000 - $65,000 RM Sotheby’s

Porsche Special Air-Cooled 911's 2019 Monterey Auction Results

1991 Porsche 911 Singer (Image Gooding and Company)

2019 Monterey Auction Sales of Porsche Classic Special Air-Cooled 911 Models

Model Sale Price Estimate Auction House

1991 Porsche 911 Singer $857,500 $800,000-$1,000,000 Gooding & Co

1996 Porsche 911 GT2 No Sale $1.25 - $1.4 million RM Sotheby’s

1998 Porsche 911 RUF CTR2 Sport $736,500 $500,000 - $900,000 RM Sotheby’s

To view detailed information and photos of the air-cooled Porsches sold at 2019 Monterey Auctions use these links to the Monterey Auction Companies

RM Sotheby’s https://rmsothebys.com/en/home/lots/mo19#?SortBy=Default&SearchTerm=porsche&Category=All%20Categories&IncludeWithdrawnLots=false&Auction=MO19&OfferStatus=All%20availability&AuctionYear=&Model=Model&Make=Make&FeaturedOnly=false&StillForSaleOnly=false&Collection=All%20Lots&WithoutReserveOnly=false&Day=All%20Days&CategoryTag=All%20Categories&page=1&pageSize=40

Gooding & Company

https://www.goodingco.com/results/realized/?cat=64

Bonham’s

https://www.bonhams.com/auctions/25221/#/!

Mecum

https://www.mecum.com/search/

Russo and Steele

Auction results have not been posted. These were the Porsche consignments:

https://russoandsteele.com/featured-vehicles/?tsauction_id=All&search_text=Porsche&caryear=0&caryearto=0