Market Report : Popular muscle cars showing strength

A 1953 Jaguar C-Type was one of the highest-selling cars of the month at $8 million | Bonhams
A 1953 Jaguar C-Type was one of the highest-selling cars of the month at more than $8 million | Bonhams

There has been quite a lot going on in the collector car auction market since last month’s report for Classiccars.com. RM Sotheby’s held its Monaco sale, Mecum held its sale in Indy, Auctions America held its spring Auburn sale, and Bonhams held its Monaco sale, the first since 2010.

Much like last month, cars are still selling and while we now have more of a buyer’s market than a seller’s market, cars are still being sold and sold for strong money. The sweet spot in the market seems to be with cars under $100,000, which are selling fast and for strong money. Continue reading

Steve McQueen celebration expands with inaugural car rally

The Steve McQueen Rally benefits the Boys Republic school for at-risk youth | Russo and Steele photos
The Steve McQueen Rally benefits  Boys Republic school for at-risk youth | Russo and Steele

The inaugural Steve McQueen Rally, sponsored by Russo and Steele auctions, will honor the late iconic actor and motorsports enthusiast and benefit his favorite charity. It gets started May 14 in Malibu, California, for two days of scenic Southern California driving.

The vintage car event is part of a McQueen celebration that continues June 4 with the ninth annual Friends of Steve McQueen Car Show at the Boys Republic, a private school in Chino Hills, California, that helps troubled teens through residential education and a guidance program. All proceeds from the rally, car show and a commemorative dinner June 3 will go to Boys Republic. Continue reading

Porsche teams with Pirelli on modern tires for its vintage cars

The Pirelli tires were subjected to rigorous testing by Porsche experts | Porsche
The Pirelli tires were subjected to rigorous testing by Porsche experts | Porsche photos

One of the toughest decisions for classic car owners concerns tires. That’s especially true when dealing with sports or performance cars that are driven by enthusiasts.

You might want your car to look as authentic as possible, but original-type reproduction tires might not hold up to your demands in terms of handling, adhesion or wear. And modern tires can look awkward on restored or preserved cars.

If your particular old-car obsession is Porsche, then you may be in luck. Porsche Classic has teamed up with Pirelli to create new tires with modern-day properties that are suitable in appearance and performance for older cars from 1959 through 2005, including 356B and C models, various generations of 911, early Boxsters and front-engine 924s, 944s, 928s and 968s. Continue reading

Celebrity bump lacking in sale of Jerry Seinfeld Porsches, VWs

The rare and exotic 1958 Porsche 356 A GS/GT Carrera Speedster comes up for bidding at the Gooding auction | Bob Golfen photos
The rare and exotic 1958 Porsche 356 A GS/GT Carrera Speedster comes up for bidding at the Gooding auction | Bob Golfen photos

The rumor mill was churning before the sale Friday of comedian Jerry Seinfeld’s cars at Gooding & Company on Amelia Island, Florida. The 16 spectacular Porsches and two modest Volkswagens were in stunning condition, either impeccably restored or strikingly original, so there was quite a bit of value in the room even without the Seinfeld ownership.

But how would the celebrity cachet of Seinfeld, well-known as a discerning collector of Porsches as well as a mega TV star, effect the bidding? Would it spike the values exponentially as has happened before with cars once owned by Steve McQueen, or the recent sale of Janet Joplin’s psychedelically painted Porsche 356, which went through the roof? Continue reading

Gooding reveals full list of Jerry Seinfeld cars coming to auction

Three eras of Porsche Speedsters will be offered by Jerry Seinfeld at Gooding’s Florida auction | Gooding & Company photos
Three eras of Porsche Speedsters will be offered by Jerry Seinfeld at Gooding’s Florida auction | Gooding & Company photos

Gooding & Company has revealed the full list of 18 cars that comedian and avid Porsche collector Jerry Seinfeld has consigned for the Amelia Island Auction in March. The cars – 16 Porsches and two Volkswagens – are scheduled to cross the block March 11 when Gooding holds its annual auction during the Amelia Island Concours d’Elegance weekend in Florida. Continue reading

RM Sotheby’s hits $21 million for 48 cars at Paris sale

A 1955 Porsche 550 Spyder sold for $3 million at the Paris auction | RM Sotheby's photos
A 1955 Porsche 550 Spyder sold for $3 million at the Paris auction | RM Sotheby’s photos

RM Sotheby’s had a very tight schedule following its successful collector car auction January 28-29 in Arizona, packing up and flying off to Paris for its Retromobile auction on Wednesday. They made it, and held a sale that reached nearly $21 million for 48 sold out of 61 cars, a 79 percent rate.

The star of the show was a spectacular Porsche, a 1955 Spyder with racing history that sold for a convincing $3 million (all sales results converted from euro and include auction fees), the highest sale that took place during the auction. Continue reading

Will Porsche 911 overabundance ding prices in Arizona?

A long lineup of Porsche 911s are parked at Bonhams' auction in Scottsdale | Bob Golfen
A long lineup of Porsche 911s are parked at Bonhams’ auction in Scottsdale | Bob Golfen

The Porsche 911 seems to have it all – evocative styling, sparkling performance, competition history, a remarkably long-lived heritage – and there are plenty of them to go around. Since they hit the ground running in 1963, 911s have occupied a special space in the hearts of millions of enthusiasts of every stripe.

Porsches seem to be everywhere at the Arizona auctions this week, especially the 911 and its variants that have seen such a run up in values in the past few years. Bonhams has 21 Porsches out of its total of 115 collector cars being offered at auction today in Scottsdale. Sixteen of those cars are 911s, most of them lined up in a row that repeats the iconic form like an arcade mirror. Continue reading

Breaking News: Jerry Seinfeld collection of Porsches to star at Gooding’s Amelia Island auction

Three exceptional Porsches will be among the Jerry Seinfeld collection coming to auction | Brian Henniker/Gooding
These three exceptional Porsches will be among the Jerry Seinfeld collection coming to auction | Brian Henniker/Gooding

(UPDATE: A spokesman for Gooding says there will be a total of 18 Porsches coming from Jerry Seinfeld’s collection to the Amelia Island auction.)

Comedian Jerry Seinfeld is well-known as a serial Porsche collector, with a noteworthy selection of the greatest and most-valuable sports cars and racers from the German automaker in his possession.

Seinfeld probably would have some observational humor to throw in here. “So what’s up with old Porsches? I mean, who puts the engine in the rear end of the car? Really. What sense does that make? And don’t get me started about air-cooling… ”

But even someone with the Porsche obsession of Seinfeld, and the resources to feed it, must experience some “shrinkage” of his collection at times. For Seinfeld, that happens in March when a number of cars from his private horde will be offered by Gooding & Company at its auction on Amelia Island, Florida. Continue reading