Gooding auction...

Just returned for Pebble Beach. Had to watch my car (former car) go across the block. It was so much fun seeing it on the big screen in front of all those people. The same stage and screens that the $14.9 million Ferrari crossed the night before.

For reference, to those interested, the car sold for $122,500.00 plus 10%. Thanks to all that have expressed an interest in the car over the last few years. It was a joy to build and gave me the chance to learn so much from the great folks on this board.

Cheers!

which lot was this?

http://www.goodingco.com/car/1967-porsche-911-s-coupe

Was it this one? There were several others on the block too: a 65, a 69E with 6000 miles on it, a white one and a green one.

The 69 and 71 E's did very well...

http://www.goodingco.com/all_auction...ebble_beach_11

I think these auctions are very significant in that they set realistic values to well preserved or restored early cars. I have re-set the value of my car do to these results.

Quote:

---

Originally Posted by beh911

The 69 and 71 E's did very well...

---

Can anyone explain why the 68 softie went so low, comparatively? ($60K w/o premium)

To the O.P., congratulations on the sale and what seems to have been an enjoyable experience.

Does anyone know what the '65 looked like?

John

Quote:

---

Originally Posted by John Straub

Does anyone know what the '65 looked like?

John

---

http://www.goodingco.com/car/1965-porsche-911

CHASSIS NO. 302461
ENGINE NO. 902496

The 1971E was quite unusual. Not only a 6k mile survivor. But originally ordered by a person who told Porsche (NA ?) , he was considering opening a dealership. So it was originally delivered with dealer paint & interior sample books (and i'm sure all other assorted dealer lists for that year). AND was never dealer prepped for delivery . It has some various small things still on car that were normally removed prior to delivery. Car was used sparingly for a few years , then tucked away.

At the nighttime cocktail party , in not the best light. And not opening the doors or f/R lids ....I was at first slightly skeptical. But I took a closer look in daylight , later in the weekend. Pretty amazing . Not as amazing as the under 1000 mi. 1973E survivor. But still very.


I thought the beige 67S coupe would bring a bit more. As it was an impeccable restoration. I did not check parts and pieces for originality.

Interesting that the 1965 911 looks like it is an early 1966 model built in Sep1965 judging from the VIN. They note it was titled as a 1966. Looks fantastic, either way.

I agree Ron. I'm guessing the paint is 6602 Polo red. Was there anything useful in the photos provided?

Quote:

---

Originally Posted by 72targa

http://www.goodingco.com/car/1965-porsche-911

CHASSIS NO. 302461
ENGINE NO. 902496

---

Sold for $137,500 ! Thanks.

-Allen-

Quote:

---

Originally Posted by NEOhio911S

Interesting that the 1965 911 looks like it is an early 1966 model built in Sep1965 judging from the VIN. They note it was titled as a 1966. Looks fantastic, either way.

---

As I understand it, In Europe the YOM is the key for vintage racing and a car made in 1965 qualifies, for a certain category even if a 1966 MY Porsche. Plus as we know, but not relevant really for what I just stated, 1965s and 1966 MY cars are virtually identical.
(Save 1964 YOM "1965 MYs" :confused: )Thanks.

-Allen-

"I think these auctions are very significant in that they set realistic values to well preserved or restored early cars. I have re-set the value of my car do to these results."

It is important to remember that the SELLER receives about 20% less. Usually 5% seller's fee + 10% buyer's premium + entry fee plus shipping and other charges. Very rarely are these prices realized in private sales, or even, for the most part, in specialized dealer transactions.

The 67 S was one of the nicest Porsche cars at Gooding. The only thing glaring I did not like was the repro tail light lenses with clear PVC oozing out of the housing but that was a minor flaw. Someone was standing next to me stating that they did not generally like overly restored cars but that one worked for him..... which brings me to the next car at Gooding, the 1965 Red 911, if you wanted a car loaded with flaws to make it look old then that was it....

The red 65 looked great in pictures but the car needed to be re-painted ad there were bondo cracks all over the place. I like perfectly restored cars myself so this one needs paint badly but the rest of the car was very good and overall very correct. Someone had stated that it was original paint and that made a big difference... from my experience original paint checks and bondo cracks in long slivers.... this paint was clearly cracked all over the place but still held a shine. I do not think any of it was original paint.

The green soft window targa was a ugly old car that needed significant work and that was the reason it did not sell for much. Aside from being on eBay for the last 6 months the recent paint was good quality but the color was no where near Irish Green more like signal green, the interior was original and looked tired, the polished wheels took away from the car and the 205 tires were just too big. First thing I noticed when I walked up to this car was rust patches visible through the rear wheel well opening but I did not crawl under to look for more. A few of us were wondering why Gooding would accept this car but I see every auction house has a few duds. This car was to me an unfinished car, it can still be a great one but it needs more work. The front fender reflectors were installed upside down, lol.

The Burgundy 911E was as it was represented. Engine was amazing a true to the 6100 mile figure. Unfortunately the paint was compromised with 3 very large scratches down the sides and quarters - very bad scratches. Otherwise the original paint was very well kept. The tires appeared too large for this car (not original tires). Also looks like the hydropneumatic struts were replaced by Bilsteins - pretty much every car has had additional work done to them so no biggie. I would rate the engine appearance as one to copy when doing restorations.

The white 69 911E was a nice car but with some cheap repro parts on it and a very bad roll bar that needs to come out. The shape of the roll bar hoop was amateurish to say the least. I think some work would be needed to bring it up to my standards with the sale price it received, mostly bolt on items were what was off. Still a very nice car.

The 904 was pretty much perfect, overall very nice. I think this was the nicest Porsche car at Gooding this year.

Quote:

---

It is important to remember that the SELLER receives about 20% less. Usually 5% seller's fee + 10% buyer's premium + entry fee plus shipping and other charges. Very rarely are these prices realized in private sales, or even, for the most part, in specialized dealer transactions.

---

I have participated in many auction sales and many private dealer sales. Many high end prices are realized and the market never sees or knows of these sales but the auctions are public so you see those numbers. The fact is there are many buyers out there with money that do not want people to know what they bought a car for. In auctions the seller is charged a 10% fee on the final hammer price as is the buyer. Shipping a car enclosed throughout the country is $1200-1900. Sometimes there is a entry fee at around $500-1500 depending on the venue. RM and GOODING do no allow reserves under $100,000 so this can be a big factor on taking the gamble. There were 5 major Monterey auctions running over multiple days and times. Sometimes the value is only because 2 people emotionally fell for a car and fought over it in the bidding. The results are impossible to replicate every time.

On auctions fees, I have been able to negotiate these percentages and costs in the past. Its all in who you know, what you have and how you go about it.

Quote:

---

Originally Posted by steven0401

It is important to remember that the SELLER receives about 20% less. Usually 5% seller's fee + 10% buyer's premium + entry fee plus shipping and other charges. Very rarely are these prices realized in private sales, or even, for the most part, in specialized dealer transactions.

---

This math is wrong. The seller pays:

• Seller fee - Initially quoted around 10% - With the increasing competition of auction houses now highly negotiable. I paid 6% for a $120k reserve car 2 years ago
• Catalogue fee - usually $1,000. ~$2,000 if the auction house also does the pictures
• Costs of getting the car there

The seller does not pay the buyer's premium. That, the buyer forks over on top of the hammer price, usually 10% (Or more: Bonham has a sliding scale where you pay more on the first $100k, etc.)

Mark is spot on with the description of the early 911 cars on offer. The green softie was a lousy car and I would not have touched it for half the hammer price. Agree that the red 65 was a repaint. Catalogue and description of Gooding was vague on the "highly original" claims. Overall the car was not bad though.

Mike

Quote:

---

Originally Posted by VintageExcellen

The Burgundy 911E ... I would rate the engine appearance as one to copy when doing restorations.

---

Would you be able to share some pics of the engine? Thanks for your posts!

The '71 E...

http://www.goodingco.com/car/1971-porsche-911-e-coupe

I think I was offered that 67 S 10 years ago for ~$12,000. Oh how it would have paid for my Mum to lend me that money . . . ;)

Mark, thanks for the report on these cars.

John

Olde Threade Alerte . . .


For reference . . .

VIN = 308409S . . . .

Rumor has it those wheels are getting as out of hand as sport seats. :eek: If you have a potential $300,000+ '67 911-S, what is a set worth IF you need them? Will we see mercenary pricing like the engines for 65's?

There's a short list of stuff on those (65-66) cars that is hard to find, not the least of which are Solex Carburetors.

Tom