Are the Prices for the Early 911s Falling?

[prs356]

I am curious re what appears to be the softening of the market for the early Porche 911s/912s. Two cars, an early 65 911 and a 67 S both were RNM at the most recent Pebble Beach auctions. The 65 911 stalled out at 220k and the 67 S at 200k. A 66 911 that sold for 224k last year at Bonham’s Monterey auction sold last week for 140k at Broad Arrow. A huge decline for a car that had been driven only an additional 79 miles since last sold. I am aware of the 65 911 that recently sold on BaT for 265k, but, for a variety of reasons, I consider that to be an outlier. There is a discussion hosted by the PCA that can be found on YouTube entitled “Where’s The Porsche Market After The Auctions in Monterey?” that explores this very subject (https://www.youtube.com/watch?v=ePOJao-QQ4Y). Thoughts and opinions welcomed.

[raspy2point2]

ebbs and flows

[sc1]

...in my option original examples are the holy grail, don't care about numbers of condition & concours or auction rules!

[72targa]

‘Tis a fickle market…

[trevi1]

Yes! I think you are right. May be the market go to 964.. 964 3.6t… incredible a 964 3.6t more than a 65…

[TonyI]

Seems to be a growing trend on BaT where the majority of long hoods are not hitting reserve.

[Frankr]

Interest rate up. Stocks blah. Not a good time to sell.

[66S]

$220,000 and $200,000 don’t seem like chump change to me. Hot rod 911s seem to be selling well and JPs 70S Targa sold for about a quarter million recently.

[304093]

@prs356: In that PCA video you mentioned, Nathan Merz made the important observation on that '66 911 that he thought that it was overbid last year @ $224k, and that the $140k hammer price at Monterey was more in-line with what the car is really worth. So, it appears to me that the market isn't as "frothy" this year and that on some cars prices are "normalizing." Of course, the best cars will always do well.

The sky isn't falling, but tomorrow isn't guaranteed.

Get out and drive & enjoy your car.

[targatuesday]

Hagerty mentioned in a recent market update all cars below $200k are feeling the effects of higher interest rates, tightening credit markets, and some cooling/caution within the overall economy. They also indicated cars stationed above $200k were essentially not effected. Seeing as how 911 models run the gamut from $50k-$300k+ one would imagine some segments of the 911 market may be feeling the effects more than others.