Monterey Auction results? |
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Monterey Auction results? |
GeorgeRud |
Aug 21 2017, 08:41 AM
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#1
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Advanced Member Group: Members Posts: 3,725 Joined: 27-July 05 From: Chicagoland Member No.: 4,482 Region Association: Upper MidWest |
Does anyone know the results of the Monterey auctions?i know a 914 1.8 went for big money, but I think a 914-6 was also being auctioned that weekend. Actually would like to see all the Porsche results.
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horizontally-opposed |
Aug 22 2017, 10:01 AM
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#2
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Advanced Member Group: Members Posts: 3,432 Joined: 12-May 04 From: San Francisco Member No.: 2,058 Region Association: None |
Chalk me up as another not so enthusiastic about 914 price rises. I don't think it does a lot for the hobby—other than maybe save some cars that would've been allowed to disappear. My 914 is an emotional/sentimental object, and so it's not for sale and thus the rise in values only means parts, insurance, etc. go up. With 356s and early 911s, it means they have become "event" cars rather than cars I still see out on the road randomly. Something is definitely lost there.
And six-figure sixes and near-six-figure fours are a reality I can't quite wrap my head around. Really? A 914 1.8 that costs more than a Ferrari F355? Or a niiiiice 996 GT3, maybe even with 3,000 miles on it? Or a high-mileage Ferrari 550 Maranello? Or a nearly new GT4? C'mon. Yet I am not sure a correction is coming. The early 911 market has felt like a bubble to me for about a decade, yet it has only gone one way with a few soft spots for "just okay" cars along the way. I think Porsche has maybe eclipsed Ferrari in terms of desirability, and the air-cooled cars have a huge advantage in terms of ease and cost of ownership. They were simple cars, and Porsche made a lot of them—and a lot of parts. The 914 finally appears to be following the minted 356, recently minted longhood 911, and even more recently minted 912. With all that said, I think we are a very long ways away from the point where 914s are unapproachable. There are far too many dog-eared but save-able (translation: accessible) 914s out there, and there are still budget-minded ways to keep them on the road. And this, I think, is a very good thing. |
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