£195,500 for a Porsche 911S Targa at Salon Privé
“Being surprised about surging Porsche 911 values really shouldn’t surprise me anymore but, £195,500 for a 1973 Porsche 911S Targa truly is an astounding sale price. Obviously a car’s worth is whatever the market will pay for it but the fact this car is not a Coupe is possibly the most staggering part of the story. What could a 2.4S hardtop in comparable condition have achieved? £250,000?
Last year, that sort of money could have bought a Rennsport legend, showing how fast the market is moving. While interest rates continue to sit so low, 911 values are going to continue their upward spiral – experts point to the fact that they have been perennially undervalued compared to Ferraris – but as more unremarkable cars such as Targas hit new highs, it has to be said: when will people start getting burnt?” – Josh Barnett
After over a year of incredible inflation, the astronomical values of classic Porsche 911s are continuing to make jaws drop, as highlighted at last night’s Silverstone Auction-run Salon Privé sale.
The 1973 Porsche 911S Targa that we brought to your attention last week – part of Henry Pearman (of Eagle Jaguar fame) ‘Stradale’ collection – sold for an astounding £195,500 including the buyer’s premiums.
12 months ago, that sort of six-figure budget could secure you a Porsche 911 Carrera 2.7 RS and, while the 2.4-litre Porsche 911S has always been a strongly admired car, it has been the Coupes proving inevitably desirable.
With only two Porsche 911s under the hammer at last night’s auction, bidding for the Zuffenhausen metal was always going to be frenetic amongst the plethora of exotica from Maranello that was taking centre stage.
Yet, no one could have predicted the near-£200,000 price tag for the 1973 Porsche 911 2.4S Targa, especially as Silverstone Auction’s estimate placed the car £115,000-£135,000.
What do you make of classic Porsche 911 values? Are you looking to buy, or are you an owner enjoying the rise? Join the debate in the comments section below, or head to our Facebook and Twitter pages now.