Total 911 - - Contents -

High­lights from your Porsche cor­re­spon­dence via email, so­cial me­dia and To­

Dear Sir,

I’m sure I’m not imag­in­ing it – in fact, I know I’m not – but there ap­pears to have been a stark rise in the num­ber of ‘sales’ be­ing brought to mar­ket by auc­tion houses. Whereas I can re­call two or three auc­tions per year pre­vi­ously, now there is pretty much one clas­sic car auc­tion a week, with con­cen­trated 911 con­tent each time.

I’ve also noted how it ap­pears the more clas­sic car auc­tions there are, the more the mar­ket has stalled. I can only as­sume, there­fore, that auc­tion houses are lead­ing to this slow­ing of the mar­ket? I’d say they’re flood­ing the mar­ket, as there’s just not the de­mand there for th­ese cars any­more.

I’ve been to at least half a dozen clas­sic car auc­tions in the past year, and the stan­dard of cars has dropped with­out ques­tion. Mean­while the cars I’ve tried to sell via deal­ers have hung around for much longer be­cause peo­ple be­lieve they can get a bet­ter deal at auc­tion. Ul­ti­mately, of course, you get what you pay for, so th­ese peo­ple are re­al­is­ing too late that they’re get­ting a car whose con­di­tion is re­flected in its ham­mer price. It’s a pretty frus­trat­ing mar­ket­place right now, and for me auc­tion houses are con­tribut­ing sig­nif­i­cantly to this. Per­haps there should be a limit on the num­ber of auc­tions per year to en­sure qual­ity, and not quan­tity, per­se­veres! Mar­tin Wid­dow­son a very in­ter­est­ing per­spec­tive on the mar­ket, Mar­tin. Judg­ing by your doc­u­mented frus­tra­tion I’d say you have a lot of 911s you’re look­ing to get out of, as from a buyer’s point of view there’s never been a bet­ter time to buy, with more choice not only in terms of ex­am­ples avail­able, but the chan­nels by which they are avail­able too.

there is an ar­gu­ment that too many auc­tions through­out the cal­en­dar year has lead to an overly sat­u­rated mar­ket, but the re­al­ity is auc­tion houses have al­ways formed a sta­ple of the clas­sic car mar­ket­place. the real an­swer to the cur­rent cli­mate is far more com­pli­cated; there are just too many fac­tors play­ing a part in this slow­ing of the mar­ket at present, though most of them are po­lit­i­cal.

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