January 2015 GEM Grapevine by Golden Empire Region PCA

January 2015

Founding GEM Members Bill and Martha Banerdt Accepting GEMâ&#x20AC;&#x2122;s 35th Year Citation from Zone 8 Representative and Friend, Tom Brown

Hear it through the Grapevine

Featured Stories

Pages

The Porsche 914/6 for an Investment ?

Porsche Sold at 2014 Auctions

Social Outings & Membersâ&#x20AC;&#x2122; Page Christmas Toy Run Pictures

GEM Christmas Party Pictures

Happy GEM New Years

Results of the Fall PCA Raffle

Event Calendars & Schedules Up-Coming Events

Our GEM Event Calendar

Up-Coming Out of Town Events LA Lit Show and Open Houses

Zone 8 Annual Banquet

Zone 8 Annual Concours

Porsche Club of America Golden Empire Region Board Members and Chair Persons

President

Vice President

Secretary

Treasurer

Linn Christopher

Pat Wadman

Chuck Anderson

Betsy Wadman

New Chair Members for 2015 to be Announced Next Mouth

Membership Co-Chairs & Safety Chair &

Newsletter Editor

Insurance Coordinator

Michael Thomas

Mike McGregor

gemgrapevine@gmail.com

Communication Co-Chairs

Loren Stumbaugh and Anna Stumbaugh

Autocross Co-Chairs

Greg Fullmer and Charles Rook

PCA Membership Webmaster

Social Coordinator

Anton Khatsanovich

Tammy Harris

While our cars are very exclusive, our club is not. Did you know that you can add a family member or other interested person as an affiliate member, at no additional cost? The family or affiliate member must also be 18 years of age or older.

Please join us online at our newly remodeled Website and on our Facebook Group page:

For all of the details contact our Membership Chair:

http://gem.pca.org/

Loren Stumbaugh Porsche Club of America Golden Empire Region Membership Chairman Loren7025@gmail.com (661) 747-4416

https://www.facebook.com/groups/ PCA.GoldenEmpireRegion/ And please send any Newsletter comments or content contributions to :

gemgrapevine@gmail.com

Our Next Social Dinner Meeting will be held at Romano’s Macaroni Grill. 8850 Rosedale Highway, Tuesday evening, January, 20 at 6:30

January: 13th—18th

Monday—Sunday, Scottsdale Arizona Classic Car Auction Week , Barrett Jackson , Live Broadcast on Discovery and Velocity. Follow the Pratt Collection Sale without the week

RM Auction, 15th and 16th, Broadcast via Live-Stream from RM Website Gooding & Co, 16th and 17th, Broadcast via Live-Stream from Gooding Website 17th

Saturday,

Zone 8 Concours and Annual Banquet in Temecula, CA

20th

Tuesday,

Social Meeting at Macaroni Grill, 6:30p. With Board Meeting at 5:30p. This board meeting will set tone for things to happen throughout the year. Please bring your ideas. All members are welcome to attend both.

17th:

Tuesday,

Social Meeting, at 6:30p, Location To be Announced

28th

Saturday,

19th Annual Super Cruise Car Show at the Kern County Fair Grounds. Please refer to the Event Flyer within this newsletter for further information and signup form.

6th:

Friday,

Southern California Porsche Restoration Shops Open Houses. Refer to Event Flyer for more info.

7th:

Saturday,

Los Angeles Porsche Lit Show at the Airport Hilton. Refer to Event Flyer for more info.

February:

March:

The Golden Ox, every Saturday Morning at 8:am for Breakfast and Chit Chat , 3400 Wilson Rd. 4

The Golden Empire Region of the PCA was honored to participate once again in the Bakersfield Christmas Toy Run. Great time, with a great crowd, for a great cause. Nice to have Chris and Betty Addington join us !!

Our 2013 Porsche Chrismas Party Thank you Tammy and Spencer for your Hospitality

Happy New Years Can you believe that another year has already blown by? And quite a year it’s been. We started off last year being recognized as the “Little Region that Could” when we brought home the Zone 8 Region of the Year Award for 2013. And we certainly lived up to that in 2014. Driving event after driving event. And dinner after dinner. Doing the two things we seem to do best, Drive Porsches and Eat ! Go to the GEM PCA website and dig back through the 2014 Grapevine newsletters for a refresher of all of last years events. A few Major Highlights of PCA and GEM in 2014 have to include the following: 

Porsche Parade being held in Monterey last year

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First Annual Porsche Werks Reunion at last year's Monterey Car Week

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Establishing Minter Field Airport to host GEM’s bi-annual Autocrosses

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GEM’s first three day Meta Miglia Mille Driving Tour

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Numerous single day GEM driving tours

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And a grassy GEM concours location.

We just finished our year up by participating in the Annual Christmas Toy Drive. Followed by the wonderful GEM Christmas Party that was so generously hosted once again by members Tammy and Spenser Harris. The PCA’s Zone 8 representative, Tom Brown was kind enough to attend our party again this year. And like a good Elf he brought some very nice surprises to present to the GEM Region this year. And as I’ll describe, the timing of this presentation could not have been more perfect. The Porsche Club of America honored our Region with a citation that recognizes GEM’s 35th year within the PCA . Two the Golden Empire Region’s founding members, Bill and Martha Banerdt were in attendance for our Christmas Party this year. And graciously acceptance the Citation on behalf of the GEM’s 35 Year Citation. On our front cover of the Grapevine Newsletter this month you will see Bill and Martha proudly receiving the 35 Year Citation for the Golden Empire Region from Tom Brown. And as with coming of each new year, so comes our new board of directors. As the torch is being passed we want to thank our previous directors for all of their time, effort, and goodwill towards helping the GEM Region serve it’s membership to the best of it’s abilities and live up to it’s 2013 Zone 8 Region of the year recognition. A heart felt special thanks goes out to the following: 

2014 President, Omar Olivas

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2014 Vice President, Linn Christopher

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2014 Treasurer, Betsy Wadman

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2014 Secretary, Spencer Harris

And of course a huge Thank You goes out to our 2014 Chair members. WE will honor all of those whom filled the board’s Chair positions in next month when we have our change of Chair appointments. 8

So let me start off our new GEM year by introducing the new Board of Directors for 2015: 

2015 President, Linn Christopher

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2015 Vice President, Pat Wadman

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2015 Treasurer, Betsy Wadman

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2015 Secretary, Chuck Anderson …. Great to see a new name up here Chuck, Thanks …

We have already heard from President Christopher that he plans on monthly board meetings. He is hoping to have our first for the year shortly. And has stated that all of the membership is invited to attend any of the board meetings. There has also been some interest in finding a new venue for the Saturday morning breakfast meetings. So I believe that these maybe two of the items on the January boarding meeting agenda. All ideas from any GEM members are welcomed to be shared at the board meetings. Well no-one joins a Porsche club just for the board meetings. So what else is in the Werks for GEM 2015 ? 

The Zone 8 Concours and 2014 Awards Banquet in Temecula, CA on January 17th

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The LA Lit-Show and Porsche restoration shops open houses on March 6th and 7th throughout So-Cal

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GEM Spring Autocross at Minter Field on March 8th

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GPX DE/TT at Streets of Willow on March 9th

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The Zone 8 Festival of Speed in Fontana,CA on April 10th-12th

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Cal-Inland’s Concours de Elegance April 15th

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SDR DE/TT at Streets of Willow on May 2nd and 3rd

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Monterey Sports Car Week duringAugust 10th-16th

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2nd Annual Carmel Valley Porsche Werks Reunion onAugust 14th

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Lake Arrowhead Timeline and Octoberfest on September 26th

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GEM Fall Autocross at Minter Field on October 4th

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GPX DE/TT Willow Springs on October 5th

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Rennsport Reunion V at Laguna Seca Raceway during Oct 9-11

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And a bunch of GEM single day drives throughout California throughout the entire 2015 year

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Also some of these dates may differ or change as the dates draw closer

Like I said in last January’s run down, I do love a good list. And this list looks like it has plenty of Porsche Pleasures to keep us all active in 2015.

Happy New Years

Fall 2014 Member Only Raffle Results !! Apparently people really do win new Porsches , WoW

January 2015 Sun

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New Years

13 Scottsdale Arizona Classic Car Auctions of Velocity

14 Scottsdale Arizona Classic Car Auctions of Velocity

15 Scottsdale Arizona Classic Car Auctions of Velocity

16 Scottsdale Arizona Classic Car Auctions of Velocity

17 Zone 8 Concours 9:am Zone 8 Banquet 6:pm

18 Scottsdale Arizona Classic Car Auctions of Velocity

20 Board and Social Meetings Macaroni Grill 5:30 & 6:30 pm

February 2015 Mon

Tue

Wed

Thu

Fri

Sat

17 Social Meet

28 Super Cruise Car Show at Kern County Fair Grounds

6:30 PM Location TBA 22

The Porsche 914/6: A good Investment ? A Semi-Forgotten Volkswagen Crossover You'd Be Smart to Invest in Now The Porsche 914/6 was a failure. In the late 1960s, Porsche was actively seeking a replacement for its popular entry-level car, the 912. Based on a convoluted agreement between Porsche and Volkswagen, dating back to the founding of both brands, Porsche had been contracted to create a new model that could serve both companies. The cars would share a body, but would have different, brand-specific engines and performance characteristics. Sadly, this plan didn’t make good business sense for either company. Porsche felt that releasing the car would water down the exclusivity of their brand, and VW didn’t want to lend its economies of scale to production of a superior and competitive vehicle. Eventually, a worst-case scenario compromise was reached. In Europe, both cars—a mild VW-engined four-cylinder and high-output Porsche-engined six-cylinder (the 914)—were marketed under the combined VW/Porsche rubric. “This caused quite some image problems,” says Dieter Landenberger, the manager of Porsche’s historical archives in Stuttgart, Germany. “For many people it was ‘the people’s Porsche,’ the volksPorsche, like the Volkswagen. They didn’t accept the 914 as a ‘true’ Porsche.” Sales suffered.

The US Sales Strategy : In the U.S., the problems were different. Here, both models were marketed strictly as Porsche vehicles. This ended up being a boon for American Porsche sales, with the 914 becoming the best-selling vehicle in the manufacturer’s lineup. But because of its specialized componentry, the high-output version of the car—the so-called 914/6—was nearly a third more expensive than its lesser counterpart. This put its cost within spitting distance of that of the least expensive variant of Porsche’s flagship model, the 911T. “Between 1969 and 1976, almost 120,000 914s were sold. But only 3300 914/6s,” Landenberger says. “The reason for that was price.” The 914 was also challenged by its design. Traditional Porsche buyers, used to the tall teardrop shape of the brand’s 356 and the 911, found the squat, wedgy, rectilinear 914 to be alienating. “It was a very unusual design,” Landenberger says. “Some people said it was too modernistic, too Bauhaus oriented.” We here at the Loot blog are not among those people. We find the car’s appearance to be extremely pure and honest. The ground-hugging stance gives the 914 a low center of gravity and excellent handling. Its nearly symmetrical hood and trunk sections pay homage to the fact that its engine is right in the middle, and provide capacious storage in front and rear boots. And the removable “targa” roof panel, which stores handily in the rear, gives the car a quasi-topless open-air feeling. A 914 is a blast to drive.

Investment Potential The market agrees with our assessment, at least in part. Values on all 914s spiked then leveled some years back— according to Jonathan Klinger from collector car insurance company, Hagerty—on the strength of high auction sales in the first trickles of interest. But the 914/6 has continued and commanded this trend. Average prices for 914/6s are up 34% over the past five years, from $32,000 to $43,000. This is based mainly on rarity—914/6s represent just 3% of all 914s produced. But it also follows a trend for the marque in general. “In the last 15 years, there’s been a kind of price explosion for classic Porsche cars,” Landenberger says. The trend has impacted the iconic 911 most markedly. But a rising tide carries all Porsches. With its similar performance, engine, and sound—and often superior driving dynamics—the 914/6 becomes a sort of stealth way to get in on the Porsche mystique, without the six or seven figure outlay required of classic 911s. “It’s a perfect understatement car,” Landenberger says.

Even More Rare If you want to delve one step deeper (into your pockets), Porsche also produced about 32 race-going variants of the 914/6, the 914/6 GT. These are down in price by about 10% off their high point five years ago, but the average cost has stabilized at nearly $200,000. And if that isn’t rare enough for you, the Porsche museum where Landenberger works, owns the only existing pair of 914/8s, custom versions of the diminutive car with 8-cylinder racecar engines shoehorned in behind their seats. Both were made for Porsche family members, Ferry Porsche and Ferdinand Piëch, and are not for sale. As with many collectible cars, there are tradeoffs between older original models, and later, updated ones. The 197072 914/6 may be the rarest, the most powerful, and the most rapidly appreciating. And they share the clean, chrome bumpers and minimal interiors of other earlier models. Later cars received significant upgrades in their transmission, engines, chassis, and interior creature comforts, making them sportier and more pleasant to drive, while their exterior was degraded slightly by heavy rubber bumpers required to meet new US crash standards.

914 Appreciation Given the magic the marque commands at the auction block, depreciation seems highly unlikely. “While 914/6s continue to appreciate, regular 914’s have likely leveled out on price and will hold steady and have gradual gains in the coming years,” says Hagerty’s Klinger. And, as with many up and coming vintage vehicles, the growing nostalgia and buying power of Gen X and Gen Y is likely to enhance values in the long term. “Visitors to the museum like the 914 very much,” Landenberger says. “Many remember them from the 1970s and have a story about the car, a personal story.” 21

1995 Porsche Carrera 911 Coupe, 993 generation, Guards Red/ Tan upholstery, Manual 6 speed transmission, 67K miles. I am the 3rd owner and the cars two previous owners are also from Bakersfield. Surprisingly, this car has spent its entire life in Bakersfield yet nobody from the Porsche community has ever seen it. The guy I bought it from has owned the car for the past 13 years but rarely drove it. It is in outstanding condition and ready to represent GEM at upcoming events!

The car was not for sale when I was introduced to the owner by a mutual friend who knew he had a 993 and that I was looking for one. After lengthy negotiations we came to terms for the sale.

Porsches Sold at Auction in 2014 Porsche products resonate with enthusiasts. Whether it’s the remarkable story involving a seemingly perpetual product that’s enjoyed over a half century of development or their deep motorsport heritage, the iconic brand has cemented itself as one most enthusiasts aspire to experience at one point in their life. For some, they need more than one taste of the brand, evidenced in 2014 by what seemed like an endless array of Porsche products offered for sale at collector car auctions. Auction Editor Rick Carey was busy traveling the globe in 2014 to give Sports Car Digest readers the realities of some of the automobiles that circulate throughout the auction world. Visiting more than 30 different sales, Carey surveyed a glimpse of Porsche’s greatest moments, as racing legends like the RSK Spyder, 907, 917 and 956 crossed the auction block. At the opposite end of the spectrum were a few less-than-coveted items, such as a 924 Turbo that made it across the block on a tow strap. There was something for everyone.

The collector car auction machine will soon crank up in earnest again, offering more data points to see if Porsche cars continue enjoy seemingly impossible sales figures. For now, however, we’ll roll back the clock to January of this year when the Scottsdale auctions kicked off the auction season. Listed in chronological order, Rick Carey’s reports on the 68 Porsches analyzed for 2014:

Lot # 199 1961 Porsche 356B 1600 Super Coupe; S/N 113267; Engine # P87483; Heron Grey/Blue leatherette; Estimate $100,000-$120,000; Recent restoration, 2- condition; Not sold at Hammer bid of $85,000 plus commission of; Final Price $85,000. 1582/75hp, power sunroof, Blaupunkt Koln multi-band radio, chrome wheels, luggage rack, Michelin XZX blackwall tires, Weber carbs, seatback head restraints, underbumper fog lights. – Paint 6007. Excellent paint over a very magnetic body. Good chrome and excellent new leather interior. Sharp, crisp gauges. Engine is like new and represented as matching numbers. Underbody has a little road dust residue in hard to clean places. – Reported sold at Worldwide’s Auburn auction last August for $91,300, it’s not hard to see why the consignor decided to hold on for a more attractive offer, although $93,500 with commission in this case should be all the money for this car.

Maybe it’s time to Lot # 187 1957 Porsche 356A 1600 Super Speedster, Body by Reutter; S/N 84142; Engine # 4095142; Silver/Burgundy leather; Black cloth top; Estimate $230,000-$260,000; Cosmetic restoration, 3 condition; Hammered Sold at $230,000 plus commission of 10.00%; Final Price $253,000. 912 engine, 1582/90hp reportedly original engine is included, chrome wheels, turn signals, Michelin XZX blackwall tires. – Paint #702. Cosmetically redone with very good fresh paint over a uniformly filled body. Fresh leather upholstery and interior trim, very good chrome. Underbody is old, if not original, and dirty. Engine is aged and oily. Not an attractive Porsche. – The bidders didn’t look closely at this Speedster and paid generously for a superficially presented car with all manner of questions. It would have been a reasonable buy at a lot less than the price paid or the low estimate, but the new owner got a skim coat of Bondo in the bargain, a drywall contractor’s car. take the money and run. Lot # 154 1967 Porsche 911 Coupe, Body by; S/N 306528; Engine # 909869; Light Ivory/Black leatherette; Estimate $120,000 – $160,000; Recent restoration, 2 condition; Hammered Sold at $105,000 plus commission of 10.00%; Final Price $115,500. 1991/130hp, 5-speed, dated wheels, crested hubcaps, Bosch headlights, fog lights, rear wiper, jack and tool roll, no radio, Porsche Certificate of Authenticity. – Accurate and thorough restoration of a solid early 911 believed always in California. The devil’s in the details and this car presented extremely well. – Even at less than the low estimate, the price paid here was strong. Of course, early 911s are currently some of the quickest cars in the market and this result may be an anticipatory acquisition that will surface from slightly underwater in a year.

Lot # 149 1965 Porsche 911 Coupe; S/N 302226; Engine # 902350; Irish Green/Beige leatherette; Estimate $55,000-$75,000; Unrestored original, 4- condition; Hammered Sold at $106,000 plus commission of 10.00%; Final Price $116,600. No Reserve. 1991/130hp, 2×2 Solex, 5-speed. – Rust gaps down both sides, the catalog states ‘no major rust or previous rust repairs have been found’ because they’re all too obviously going to be needed. Runs and drives, but needs everything. – At this price the new owner can’t touch this car without going further underwater, a completely silly number that conflates ‘barn find’ with ‘desirable.’ Wrong. This is a $40,000 car that will easily cost a hundred grand to be presentable and usable, and be worth no more than $200,000 even with egregious inflation factored it. Ratty barn finds were the hot item in Scottsdale this year. Everyone had them, and everyone got restored car money for them. It makes no sense. (photo: Bonhams)

Lot # 111 1977 Porsche 911S Coupe; S/N 9117201892; Engine # 6273359; Silver/Black; Estimate $45,000-$55,000; Cosmetic restoration, 2 condition; Hammered Sold at $80,000 plus commission of 10.00%; Final Price $88,000. No Reserve. Fuchs wheels, 5-speed, power sunroof, sport steering wheel, air conditioning updated to R134, Blaupunkt AM-FM, Porsche Certificate of Authenticity, jack and tools. – Sat for years but now has rebuilt engine, clutch and brakes and a repaint in the original color. Reportedly 20,870 miles from new, with an appropriately good and largely unused original interior. Sits oddly high, like the springs haven’t settled. – Blew through estimate into 930 Turbo territory, proving the value of originality. Bid to only $55,000 at Mecum’s Monterey auction last August, the seller was rewarded for waiting and for accepting a modest estimate that drew in the bidders and resulted in this extraordinary result. The originality is not worth the premium it brought; the Porsche is expensive.

Lot # 101 1966 Porsche 906 Carrera 6 Coupe; S/N 906-116; Engine # 906120; White, Silver sills/Red vinyl; Estimate $1,200,000 – $1,600,000; Competition restoration, 2 condition; Not sold at Hammer bid of $1,180,000 plus commission of; Final Price $1,180,000 – Fire system, steel wheels. – Thoroughly restored to race-ready condition without going overboard. Decent cosmetics, especially for a fiberglass bodied race car. Raced in Germany with modest success especially in hillclimbs driven by Helmut Leuze when new, eventually sold to Vasek Polak in disassembled condition before being restored by Freisinger Motorsports in the early 90’s and apparently little used since. Not ‘race-ready’ but close and nearly all original as delivered by Porsche. – A million dollars buys some pretty interesting and exciting cars, but rarely one so fast, quick, charismatic and adaptable as this Porsche 906. Let’s assume that $1.2 million would buy it (and it’s hard to see why at the quoted estimate it couldn’t have gone to a new home at the reported high bid) the new owner would have a rare, sexy, fast, limited production Porsche that could probably get a set of road plates in a liberal jurisdiction and be a thoroughly enjoyable car for high speed tours (Colorado Grand, anyone?) or on track. This is a lot of performance for the money.

Lot # 051 1961 Porsche RS 61 Spyder; S/N 718066; Engine # P90316; Silver/ Red leather; Estimate $2,800,000 – $3,200,000; Competition restoration, 2 condition; Hammered Sold at $2,500,000 plus commission of 10.00%; Final Price $2,750,000 – 1600/178hp, dual Webers, 4-speed, Dunlop Racing tires, driver’s head fairing, full width windshield. – Excellent paint and interior. Filler cap is dinged up. Campaigned by privateer Bob Donner, 7th overall, 2nd in class at Sebring in 1961 and won at Pike’s Peak later that year. Later raced by Don Wester with two-tone paint and a 1,700 cc engine to more good results on the West Coast. Restored to original specs in the 1990s. A splendid late Porsche Spyder that should really be raced. – Easily one of the most charismatic of early Porsche competition cars and blessed with a superior US competition history, it should be no surprise that the Biltmore bidders rose to the bait and collected this RS 61 at a healthy but not extravagant price.

Lot # 026 1970 Porsche 911E Targa; S/N 9110210715; Engine # 06201893; Bahia Red/Black; Black vinyl top; Estimate $150,000 – $200,000; Visually maintained, largely original, 3 condition; Hammered Sold at $160,000 plus commission of 10.00%; Final Price $176,000. No Reserve – 134/175hp, fuel injection, 5-speed, Fuchs alloy wheels, Yokohama Radial tires, glass rear window, push button radio. – Very good older respray and original interior. Exterior plastic and weather stripping is tired but solid. Well maintained, honest car with desirable specifications and extremely low stated miles. Kept in the same family for 43 years, taken care of and driven sparingly (an understatement for a car with 5,546 miles from new.) Represented as ‘as new’, but not quite, just a very well kept original example. – Repaint aside, this is an exceptionally well preserved, original Porsche in a desirable body style. It might not be trouble free after so little use, but it is surely rare.

Lot # S165 1960 Porsche 356B 1600S Roadster, Body by Drauz; S/N 88348; Engine # P87182; Silver-Grey, /Black leather; Black cloth top; Older restoration, 3 condition; Not sold at Hammer bid of $150,000 plus commission of; Final Price $150,000 – Chrome wheels, Pirelli blackwall tires, hubcaps, Talbot mirror, Weber carbs, MSD distributor. – Good looking older repaint but with egregious overspray and body shop crud in the wheel wells. Modified engine. Good interior and top. Not reassuring but the engine and chassis numbers fall into the appropriate sequence for 1960. – Reported bid to $145,000 at RM Monterey last August.

Lot # S145 1973 Porsche 911 Carrera RS Touring; S/N 9113601222; Light Ivory, /Black leatherette; Visually maintained, largely original, 2+ condition; Not sold at Hammer bid of $500,000 plus commission of; Final Price $500,000 – – — A no-sale at RM Monterey last August at $430,000. Why is it worth more five months later?

Lot # 402 1953 Porsche 356 “Pre-A” Coupe, Body by Reutter; S/N 51020; Engine # P31812; Pascha Red/Blue-Grey leather; Estimate $176,852 – $231,268; Recent restoration, 2+ condition; Hammered Sold at $176,852 plus commission of 15.00%; Final Price $203,380 – Telefunken multiband radio, hubcaps, whitewalls, dual outside mirrors, bent windshield. – Represented as matching numbers. Excellent paint, chrome and interior. Engine like new. Restored better than new. Very little filler. Foglights (or something) removed from front fender. – An exceptionally well restored and presented early Porsche with matching numbers confirmed by a Porsche Italia certificate. Looks great with the whitewalls and is Mille Miglia eligible where it will be a real hit. All things considered for its condition and rarity it is a good value at this price. 25

Lot # 339 1989 Porsche 911 Speedster; S/N WP0ZZZ91ZKS152438; Linen Metallic/Parchment leather; Blue cloth top; Estimate $136,040 – $204,060; Unrestored original, 2- condition; Hammered Sold at $367,308 plus commission of 15.00%; Final Price $422,404 – Blaupunkt Bremen cassette, Fuchs wheels, narrow body, tool kit, complete as delivered books, manuals and documentation. – 638 kilometers and absolutely like new except for some inevitable ageing. One of 171 narrow body, ‘non-Turbo look’, Speedsters out of 2,065 built. – Originality is highly valued among today’s collectors and this 911 Speedster is the epitome of originality. Even that, though, may not account for its exceptional price, something like three times the value of an ordinary Speedster. Lot # 419 1973 Porsche 911 Carrera RS 2.7 Coupe; S/N 9113601115; Engine # AT6630900; White, Red ‘Carrera’/Black cloth; Estimate $394,806 – $449,262; Older restoration, 3+ condition; Hammered Sold at $442,249 plus commission of 16.00%; Final Price $513,009 – Sparco seats, 4-point belts, braced rollbar, red spoke Fuchs 7-, 8-inch rim wheels, Avon tires, rally timers removed, limited slip. – Actively rallied by the first owner Bernard Dulcy with co-driver Jean-Francois Bagarry. Factory replacement engine. Restored in the 90’s by the original owner and subsequently to complete the 2011 Tour Auto. Orderly, clean, dry rally car with good cosmetics, except where they took out the rally timers. – Sold by Bonhams here at Retromobile in 2008 for $425,430 in essentially the same condition as it is presented today. Considering the eligibility which its period history confers, it brought a sensible price here. Lot # 86 1967 Porsche 911S 2.0 Soft Window Targa; S/N 500190S; Engine # 962149; Red/Black vinyl; Black leatherette top; Estimate $200,000 – $250,000; Recent restoration, 2 condition; Hammered Sold at $177,500 plus commission of 10.00%; Final Price $195,250 – Blaupunkt multiband radio, Porsche woodrim steering wheel, polished spoke Fuchs wheels, fog lights, off-brand radial tires, tool kit, Porsche CofA, short-throw shifter (original included.) – First owned by rally driver John Buffum. Freshly restored by Classic Showcase. Uneven passenger door fit. Good paint, chrome and interior. Fresh, sharp engine compartment with a replacement 911S engine. – It’s easy to imagine John Buffum wailing through the woods of Vermont on a fine summer’s day preparing for the Monte Carlo Rally. The price this 911S brought is representative of its condition and presentation, with little if any extra for the Buffum history and a modest deduction for the replacement engine.

Lot # 77 1966 Porsche 911 Coupe; S/N 305518; Engine # 909295; Irish Green/Tan leather; Estimate $120,000 – $150,000; Older restoration, 3+ condition; Hammered Sold at $102,000 plus commission of 10.00%; Final Price $112,200. No Reserve – Blaupunkt multiband radio, chrome wheels, Vredestein blackwall tires, folding back seat, woodrim Porsche steering wheel, Porsche CoA, – Represented as matching numbers. Sound but flawed paint, good interior, weak chrome. Underbody is done nearly like new. Engine compartment is clean, orderly and nearly like new except for some loose insulation. An attractive example – except for the paint flaws – of an increasingly valuable Porsche. – Sold by Worldwide in Auburn last August for $77,000, a result that was a very good value for an early short wheelbase 2-liter 911 at the time. Its price here more than catches up with the market’s appreciation of early 911s. 26

Lot # 57 1969 Porsche 911E 2.0 Coupe; S/N 119200650; Engine # 6298491; WhiteGrey/Tan vinyl; Estimate $100,000 – $125,000; Not evaluated; Hammered Sold at $125,000 plus commission of 10.00%; Final Price $137,500. No Reserve – Sold by Gooding at Pebble Beach in 2011 for $104,500.

Lot # 48 1959 Porsche RSK Spyder, Body by Wendler; S/N 718023; Engine # 90215; Silver/Red leatherette; Estimate $3,250,000 – $3,750,000; Competition restoration, 2+ condition; Hammered Sold at $3,000,000 plus commission of 10.00%; Final Price $3,300,000 – Wraparound windscreen, plastic rim steering wheel, driver’s head fairing – Confirmed by Porsche as the original engine and transmission. Raced when new by Roy Schechter including Nassau in 1959 and the 1960 Riverside GP. Restored in 2006 in its present configuration. Doesn’t appear to have been vintage raced, just consistently maintained and preserved in very good, essentially like new, condition with better paint and upholstery. – Sold by Gooding in Scottsdale a year and two months ago for $3,135,000, a static result for a desirable Porsche.

Lot # 628 1965 Porsche 356 SC Cabriolet, Body by Reutter; S/N 161277; Engine # P713612; Light Grey/Blue leather; Dark Blue cloth top; Recent restoration, 2- condition; Hammered Sold at $151,000 plus commission of 10.00%; Final Price $166,100 – Blaupunkt multiband radio, Nardi style woodrim steering wheel, chrome wheels, Michelin XZX blackwalls, Solex carbs, K&N air filters. – Paint code 6410. Moderately magnetic body under excellent paint. Excellent interior, chrome and top. Engine compartment is like new except for the K&N filters. Restored like new with smooth, flat body, even gaps and flush fits. Numbers are from the 1964 range; engine number is for a Normal, didn’t see the Kardex. – Generously priced.

Lot # 192 1966 Porsche 912 Coupe; S/N 454382; Engine # 744184; Polo Red/Black; Recent restoration, 2 condition; Hammered Sold at $37,500 plus commission of 10.00%; Final Price $41,250 – 5-speed, Blaupunkt AM-FM, silver steel wheels, hubcaps, Michelin XAS blackwall tires, folding back seats, Porsche CofA. – Very good recent repaint over moderately filled body. Sound, lightly stretched original interior. Mostly good chrome. Very good, fresh engine compartment done like new. Underbody is like new. An unusually thoroughly done 912. 1965-series engine number. – With early 911s rocketing out of sight the 4-cylinder 912s are getting attention as an attractive alternative. This one is very well done and freshly presented in essentially showroom condition with its original interior. The result is superior for a 912, but congruent with early 911 values’ escalation.

Lot # G123 1980 Porsche 924 Turbo Coupe; S/N 93A0151226; Silver, Matte Black hood/Black; Modified restoration, 3- condition; Not sold at Hammer bid of $6,500 – Fuchs wheels, Pirelli tires, sliding sunroof, covered headlights. – Carrera GT Replica, modified, but not running and pretty tired, a project car that the seller lost interest in. – A modified car that has to be brought onto the block on a tow strap is, essentially, doomed. If the seller shows so little interest why should buyers? Any money bid should have bought this neglected rat.

Lot # T148 1976 Porsche 914 Targa; S/N 4762904033; White, , Black roof/ Black vinyl; Enthusiast restoration, 3 condition; Hammered Sold at $14,500 plus commission of 8.00%; Final Price $15,660. – 2.0, 5-speed, Ironman tires, dash clock, Blaupunkt cassette stereo. – Late 914. One of the last affordable ways to get into either a classic or a Porsche. Good paint and plastic. Very good interior. Used but tidy underneath. Good gaps. Decent, lightly dinged up wheels. Claimed to have been heavily restored, but the work was of average quality. – Sold for $17,050 at Barrett-Jackson in Scottsdale in 2012, the result here at Mecum Monterey on Thursday is a realistic marker of its current value. A great starter car, or as noted an affordable way to play around with 356s and 911s.

Lot # F092 2003 Porsche 911 Turbo Coupe; S/N WP0AB29993S685250; Speed Yellow/Black leather; Unrestored original, 2- condition; Hammered Sold at $51,000 plus commission of 8.00%; Final Price $55,080. – 3.6, twin turbo, 6-speed, Speedline wheels, Michelin Pilot Sport tires, factory X-50 Power kit and factory aero kit, Alpine stereo. – Very good paint and interior. Some rock chips on the nose. Lightly used. Not like new, but close. – Used car. KBB says it’s worth $24,256 with the aero kit, Power Kit and 19 inch wheels. Chalk it up to auction enthusiasm.

Lot # 533 1980 Porsche 928 Coupe; S/N 9289101276; Gold/ Brown vinyl, Gold, Black cloth; Visually maintained, largely original, 3 condition; Hammered Sold at $7,400 plus commission of 8.00%; Final Price $7,992 – Automatic, alloy wheels, blackwall tires. – The vivid M.C. Escher-like distorted geometric pattern of this Porsche’s fabric seat inserts is so 80’s. Largely original with decent paint and well-used chassis. – Few appreciate the Porsche 928’s stature as the predecessor to the current Panamera. The 928 demonstrated Porsche’s ability to design, engineer and build a high performance luxury GT with the engine in front and it still offers exceptional levels of performance and luxury. The vivid upholstery of this one is somewhat emblematic of the distortion a front-engined Porsche brought to the company’s history and is, even with 124,844 miles showing on its odometer, a lot of car for the money. It’s worth this much just for the statement the seats would make in a garage lounge. 28

Lot # 128 1972 Porsche 911S 2.4 Targa; S/N 9112310988; Engine # 6322577; Sepia Brown, Black targa roof/Brown leather; Estimate $200,000 – $250,000; Older restoration, 2 condition; Hammered Sold at $220,000 plus commission of 10.00%; Final Price $242,000. No Reserve – 2,341cc/190hp, Bosch mechanical fuel injection, 5-speed, Fuchs wheels, glass rear window, dash clock, push button radio, tool roll, jack, spare. – Very good paint and chrome. Excellent interior. Very clean, lightly used engine bay. Very strong, well restored example and a genuine S. In terms of equipment and condition, it has it all. Second to last 1972 model built. Sold new in Frankfurt. Was given a straightforward restoration some years ago, and still presents very well. Documented with Porsche CofA. – Brown is so Seventies Porsche. It’s hard to imagine we actually bought performance cars in dull earth colors like this, but we did and now they’re, forgive the term, ‘iconic’. Really, this is fabulously dull even if fabulously and accurately restored to standards unknown to Porsche in 1972. Early 911s are setting new price benchmarks every month and this transaction is one of them Lot # 336 1961 Porsche 356B T5 Cabriolet, Body by d’Ieteren Freres; S/N 89427; Engine # 745386; Slate Grey/Beige leather piped in Red; Dark Green cloth top; Estimate $130,000 – $160,000; Modified restoration, 2- condition; Hammered Sold at $122,500 plus commission of 10.00%; Final Price $134,750 – 1582/90hp, 5speed, LED taillights, Harmony tires, tonneau cover, Nardi woodrimmed steering wheel, wood shift knob. – Very good paint, chrome and interior. Well and correctly done. Somewhat recent restoration. Fully restored and given an engine from a 1966 912 with Weber carbs, electronic ignition, Carrera exhaust tips as well as a 5-speed and disc brakes. Tastefully modified, beautiful car that looks like just a gorgeous 356 Cabriolet to the casual observer. – As thoughtful as the modifications are, this is not the car most Porsche enthusiasts want. The updates are expedient, and it isn’t either a consistent restoration or a high performance ‘outlaw’. The quality of the workmanship and components are, however, evident and it should drive extremely well, attributes are appropriately reflected in the price it brought.

Lot # 223 1965 Porsche 911 2.0 Coupe; S/N 301036; Engine # 901133; Bali Blue/Black with Black and White hounds tooth inserts; Estimate $300,000 – $400,000; Recent restoration, 2+ condition; Hammered Sold at $280,000 plus commission of 10.00%; Final Price $308,000. No Reserve – 1991/130hp, dual Solex carbs, 5-speed, chrome wheels, Vredestein tires, wood-rimmed Porsche steering wheel, Blaupunkt push button radio, spare, jack and tools. – Excellent paint and interior. Engine bay is also very clean, lightly used and correct. As clean underneath as it is on top. Desirable early 911 in fantastic shape. Briefly owned by Magnus Walker, and reunited with its original engine during recent restoration. – Things are going well when a Porsche collector looking for a Typ 901 engine for a 911 restoration finds one in the classified, and it turns out to be the engine that was originally in the car. This is a beautifully done restoration ready to rack up show awards but also seriously expensive as these early short wheelbase 911s continue to attract well-heeled and enthusiastic collectors.

It’s Been a Great GEM Year