What does $400 million buy today? It was enough to take home about 1,200 of the world’s finest collector cars offered at the 2023 Monterey auctions held from August 17-19. That was down from $475M in 2022, and the sell-through rate was lower, too. Just the same, some stellar automobiles traded hands in Monterey at auctions held by Bonhams, Broad Arrow, Gooding & Company, Mecum, and RM Sotheby’s. The top sale was a 1967 Ferrari 412P racecar for $30.2M at Bonhams, while a 1957 Jaguar XKSS, one of just 16 made, was #2 at just over $13M.
The spark that launched Porsche’s road racing dynasty began with the “Fuhrman engine” in the landmark 550 Spyder racecar. Bringing that engine to the 356’s option list in 1956 and calling it “Carrera” boosted Porsche’s racing pedigree while also setting the foundation for special high-performance Porsche models to come. The expensive and complex Carrera engine was rarely ordered when new, and cars so-equipped demand a huge premium in the collector car market today. A 1956 Porsche 356A Speedster Carrera offered by Mecum Auctions in Monterey is expected to sell for up to $1.2M, or nearly 400% more than a Speedster without it.
Even as Porsche moves toward electrification across its line, the German automaker keeps ratcheting up the performance from its gas-fueled sports cars. The recently revealed 718 Spyder RS becomes the ultimate rendition of the Porsche Boxster and arrives next spring. The Spyder RS is basically the open version of the 718 Cayman GT4 RS available now. Both of these incredible mid-engine cars use a 493-hp naturally aspirated six-cylinder engine from the 911 GT3
The letters on your modern car’s trunk lid might have no real meaning, but the “S” on the back of a classic Porsche 911 signified a major performance upgrade over the standard car. Porsche’s marketing for the original 911S cautioned, “This is no car for a novice.” The 911S rewarded skilled drivers while being known to put a scare into those unfamiliar with its handling traits. RM Sotheby’s is offering a rare concours-restored 1968 911S at no reserve at its Amelia Island auction in March. Expect hot bidding.
To close out its 964-series 911 Turbo, Porsche built the last 93 as “S” models, and 39 of those were made as the X85 Flachbau (“Flat-nose”) for the U.S. market. The Turbo S X85’s 380-horsepower 3.6-liter engine was basically the one used in the IMSA Bridgestone North American Supercar race series. The only X85 that came painted in Speed Yellow is on offer at RM Sotheby’s Scottsdale auction with a pre-sale estimate of $800K-$1M.
In Premier’s 4th year as a corporate sponsor of The Colorado Grand, our VP of Sales, Doug Ewing, partnered with Steve Serio of The Bond Group as co-drivers of a 1957 Porsche 356A Speedster. Our insider report chronicles their exploits, involving loose front end castle nuts, a near miss of spooked cows, and practical jokes played out over the course of their 5 day, 1,000 mile adventure at what’s considered the nation’s most prestigious and respected charitable tour events. Read all the details here.
Porsche launched its Heritage Design series with the 2021 911 Targa 4S Heritage Design Edition. The new 2023 Porsche 911 Sport Classic pays homage to the 1973 911 Carrera 2.7 RS. Porsche plans to build 1,250 911 Sport Classics, reportedly priced at $272,300. That’s $89,400 more than a 2022 911 Turbo. Read what makes the car worth that price.
Auction sales from Monterey Car Week totaled a record-setting $469 million; more than $126 million than last year’s total. RM Sotheby’s three-night auction accounted for more than half of that total, setting a record with a staggering $239.2 million in sales. Catch up on results from all the auction houses.
RM Sotheby’s returns to Amelia Island with yet another expertly curated auction docket for 2022 with 99 cars offered and a focused selection of choice collectibles and artworks preceding them.
