Arizona auctions again awash in Porsches as values hold

A restored 1967 Porsche 911S is among Barrett-Jackson's collection of Porsches | Barrett-Jackson
A restored 1967 Porsche 911S is among Barrett-Jackson’s collection  | Barrett-Jackson

Just when you thought the Porsche passion had crested, a new wave of 911s, 356s, race cars and exotics from the German sports car brand washes into the Scottsdale/Phoenix area for the seven auctions of Arizona Car Week. The prophesized burst of the bubble has not occurred, although values have flattened somewhat.

The classic 911 experienced the greatest run-up in prices during the past four years, with many former entry-level models reaching toward six figures, and more-desirable cars going well beyond. The upcoming Arizona auctions are again awash in 911s, with the total number just slightly less than last year’s selection. Continue reading

2016 top stories: 3 – Jerry Seinfeld Porsche auction

The blue 1955 Porsche 550 Spyder was the top seller at more-than $5.3 million | Bob Golfen photos
The blue 1955 Porsche 550 Spyder was the top seller at more-than $5.3 million | Bob Golfen photos

Comedian Jerry Seinfeld is a long-term Porsche addict with an enviable stable acquired with the riches earned from his stage and TV career. Seinfeld was never all-that public about his classic Porsche obsession, but neither was he secretive; even a casual watcher of the Jerry Seinfeld show could identify Porsche posters on the walls of his TV-studio/New York apartment. Continue reading

What Andy likes at Auction America’s Hilton Head auction

Some of the diverse lineup of collector cars at the Hilton Head auction | Andy Reid photos
Some of the diverse lineup of collector cars at the Hilton Head auction | Andy Reid photos

This marks the second year for the Auctions America Hilton Head auction held as part of the Hilton Head Motoring Festival.  Just as last year’s, this sale literally has something for every kind of collector regardless of interest.

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Now there are seven: Worldwide announces Scottsdale auction

An early 1953 Porsche 356 Pre-A Cabriolet will be among Worldwide's no reserve offerings | Worldwide Auctions
An early 1953 Porsche 356 Pre-A Cabriolet will be among Worldwide’s no reserve offerings | Worldwide Auctions

Worldwide Auctions has announced that it is adding its gavel to Arizona Auction Week, with a sale of about 80 collector cars set for January 18 in Scottsdale’s Old Town district.

That will bring to seven the number of auctions that take place in the Scottsdale/Phoenix area during the annual old-car festival, more than any similar cluster of collector car sales in the U.S.; the Monterey, California, area hosts five auctions during Pebble Beach Concours week. Continue reading

‘Unblemished’ Porsche 904 racer listed for Bonhams’ auction

The Porsche 904 GTS was originally part of the Brumos racing team | Bonhams
The Porsche 904 GTS was originally part of the Brumos racing team | Bonhams photos

A 1964 Porsche 904 GTS endurance racer with an “unblemished history” will be one of the stars of Bonham’s sixth annual Scottsdale auction in January, the auction company announced.

No. 98 of 106 produced, this 904 was part of the famed Brumos Porsche racing team of Jacksonville, Florida, but was retired after just a few races. The streamlined, mid-engine coupe eventually was sold to a prominent Porsche collector in Europe, where it has remained for the past 28 years. Continue reading

Performance Porsches race to top at Silverstone auction

A 'driver focused' 1991 Porsche 911 (964) Carrera RS NGT hit a lofty $193,660 | Silverstone Auctions photos
A ‘driver focused’ 1991 Porsche 911 (964) Carrera RS NGT hit a lofty $193,660 | Silverstone Auctions photos

Silverstone Auctions held its second annual all-Porsche sale last weekend, selling 70 percent of the 63 sports cars (and one Porsche tractor), as well as collector’s items, for a total of £2.5 million ($3 million at the current exchange rate).

Lightweight performance 911s highlighted the auction, held at the Silverstone Circuit race course at Towcester, England, in conjunction with the Porsche Club GB. Those cars gained strong results, including a 2010 Porsche 911 (997) GT3 RS – Gen II, finished in Carrera White with red wheels and decals, that sold £168,750 ($207,500), more than £30,000 ($37,000) over its lower estimate. All reported sales results include auction premium. Continue reading

Silverstone Circuit hosts second annual Porsche-only auction

A restored 1968 Porsche 911T coupe will be featured at the auction | Silverstone Auctions
A restored 1968 Porsche 911T coupe with right-hand drive will be featured at the auction | Silverstone Auctions

Sixty-five Porsches will be up for auction Saturday when Silverstone Auctions holds its second annual sale dedicated to the German marque at the famed Silverstone Circuit in Towcester, England, where the auction is being held in conjunction with the Porsche Club GB. Continue reading

Sought-after Porsches lead boutique Bonhams auction

A 1955 Porsche 356 Speedster reached more than $650,000 | Bonhams photos
A 1955 Porsche 356 Speedster reached more than $650,000 | Bonhams photos

Porsches led Bonhams’ fourth annual auction Friday in Zoute, Belgium, with a concours-winning 1955 356 Speedster leading the sale with a stunning result of $654,500, including auction fee, further confirming the rising values of these iconic sports cars.

The Zoute sale is a boutique event with just 30 lots of cars and automotive collectibles offered, of which 28 sold. Bonhams did not release a total-sales figure, although adding up the individual results listed on the company’s website figured out to $5.05 million for the entire auction. Continue reading

Amelia Island Concours to honor Brumos Racing Porsches

Brumos Racing's famous No. 59 Porsche 911 on the track | Brumos Racing
Brumos Racing’s famous No. 59 Porsche 911 on the track | Brumos Racing

The Amelia Island Concours d’Elegance honors the hometown racing team in 2017 when the March 12 festival features a special class showcasing the championship Porsches of Brumos Racing, based in nearby Jacksonville, Florida.

Brumos Racing was established in the IMSA GT Championship in 1971 by Peter Gregg under the sponsorship of Brumos Porsche. Gregg, along with endurance-racing great Hurley Haywood, notched an impressive number of victories in North America, including 15 major championships and multiple wins in the Rolex 24 Hours of Daytona and the 12 Hours of Sebring. Continue reading

Hagerty chart shows biggest losers in classic car depreciation

Hagerty
Hagerty

The Hagerty collector car insurance and valuation company recently released the 31st edition of its closely watched Hagerty Price Guide after a period of ups and downs and mood swings in the classic car market.

Among the results were a number of high-profile cars that have depreciated after several years of climbing in value. Among them, such modern supercars as the Ford GT and the Porsche Carrera GT, as well as vintage favorites such as the Toyota 2000GT and the Ferrari Dino 246 GT. Even some so-called blue-chip collector cars, such as the Mercedes-Benz 300SL, softened slightly. Continue reading