Collectors go nuts for 964s and 993s at RM Sotheby’s London sale

Just when you thought it was safe to go back in the water… It seemed in recent months that the years of booming air-cooled Porsche 911 prices had finally come to a rest. And then RM Sotheby’s rock up in London for their annual sale and a Porsche 993 GT2 sells for £1.85 million including premiums.

Yes, you read that right. £1.85 million. Three collectors starting a bidding war of incredible proportions for the one-owner, Riviera Blue 993 GT2, the hammer coming down at £1.65 million (€1.98 million/$2.21 million) to make a complete mockery of the original widowmaker’s £750,000-£850,000 estimate.

The 993 GT2 was not the only late air-cooled Neunelfer to sell above estimate though. In fact, it was simply the phenomenal climax to a frenetic 30 minutes of action in the auction house that started with the much-anticipated Porsche 964 Carrera RS 3.8.

Photo by: Remi Dargegen ©2016 Courtesy of RM Sotheby's
Photo by: Remi Dargegen ©2016 Courtesy of RM Sotheby’s

From the same collection as the GT2, the super rare 964 Rennsport (one of just 55 such examples) was expected to realise £400,000-£500,000. However, the heightened interest in the car saw bidding eventually cease at £640,000 (€768,000/$857,600) for a total of £716,800 once premiums had been factored in.

If that had got people talking inside Battersea Evolution then the next lot to the block – a 964 Turbo S Lightweight – really got tongues wagging, the hammer dropping at £870,000 (€1.04 million/$1.17 million) after the car had been estimated to make £210,000-£250,000.

Bidding on the car took nearly ten minutes to complete, with proceedings getting quite heated at times thanks to one Italian bidder. Once the upper estimate was smashed, bidding jumped straight from £260,000 to £400,000 as it became clear that the auction had become as much about machismo as machines.

Photo by: Remi Dargegen ©2016 Courtesy of RM Sotheby's
Photo by: Remi Dargegen ©2016 Courtesy of RM Sotheby’s

Things calmed down slightly with the next two lots (although on both occasions the estimates were still exceeded) as a 993 Carrera RS Clubsport realised £360,000 (€432,000/$482,500) before the hammer dropped on a 993 Turbo S from the same collection at £280,000 (€336,000/$375,200).

Next up was the now infamous GT2 before a dampening was put on proceedings slightly as it turned out that the 2.7 RS Lightweight was, in fact, a reshell, thus leading to a muted £200,000 (€240,000/$268,000) sale price on an original estimate of £450,000-£550,000.

Including a pair of Porsche 930s and a re-shelled 2.7 RS ‘Lightweight’, the collection achieved an incredible £4.22 million (before premiums) in under an hour of bidding, the results well and truly lighting a fire in the late air-cooled market.

For all of the latest Porsche 911 news, make sure you bookmark Total911.com now.

Photo by: Remi Dargegen ©2016 Courtesy of RM Sotheby's
Photo by: Remi Dargegen ©2016 Courtesy of RM Sotheby’s

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