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Scottsdale 2019 Auction Recap

    CBA Recaps Scottsdale 2019 Auctions Good Attendance Soft Results Scottsdale Still Viable for High End?   Scottsdale may no longer the place to sell your highest end collectibles. And perhaps it hasn’t been for some time. But the real story is not Scottsdale per se, it is what lies in the comparative results between houses and individual lots at Scottsdale. We believe we are starting to see some evidence leading to answers to some of the questions we have had. First, are auction houses negatively impacted by having too many auctions? And second, can auction houses change their pricing strategies in order to improve their results? Whether Scottsdale is still a strong auction for you as a premium house may depend upon how thin you are stretched. Which goes to answering our first question. If your ability to attract premium inventory is…

Scottsdale 2019 Auction Preview

    CBA Previews Scottsdale 2019 Auctions The Inventory Tells the Story Change is Here   2019 is here and the market trends which began in 2017 are beginning to turn to hard crystal. It’s now a buyer’s market not a seller’s market. Auction houses have absolutely been experiencing the effects of the transition. And it is evidenced by the nature of the inventory on offer at Scottsdale 2019. We have been preaching for some time what seemed obvious to us. Auction houses cannot readily sell at the unrealistic estimates they need to offer sellers in order entice their business. This has led to a shortage of the best inventory and more ‘no sales’ of that inventory. The impact on profits has caused them to demand a ‘no reserve’ on an increasing amount of the better quality inventory in order to ensure minimum profits….

RM Petersen Automotive Museum Auction 2018 Recap

    CBA Recaps RM Petersen Automotive Museum Auction Too Much + Too Soon = Exhaustion? Read our auction preview here. Our level of interest in this auction was, as an auction of individual cars, a shrug and a “meh” (well maybe excluding the 290MM Ferrari – but that was an anomaly here – and FWIW it sold at low estimate). If anyone else was interested, notwithstanding our feeling about it, was what our interest really was in this auction … seeing if and how the inventory on offer would be absorbed. To gain more insight into questions like are there are too many auctions, too close together, and therefore too few quality and/or interesting cars on offer? Does this result in downward price pressure? Are buyers exhausted and generally disinterested in anything which is not a bargain? And does all of this mirror…

RM Petersen Automotive Museum Auction 2018 Preview

    CBA Previews RM’s Petersen Automotive Museum Auction Los Angeles, CA Too Many – Too Soon?   RM has faced its share of challenges this year. From their Amelia Island auction’s weather caused unanticipated change of date to the multifaceted set of issues faced during their recent single marque solo auction at the Porsche 70th anniversary in Atlanta. They have weathered these storms (no pun intended) with varying degrees of success. But our biggest question with RM has remained – will RM’s auction schedule, and penchant for solo auctions, prove overly ambitious – even in the best of environments – or prove a smashing new model for success? RM is certainly not unaware that the auction market has been changing since mid 2016, with a shrinking number of good cars, leading to rising competition to represent the best (or more) cars, leading to…

RM Atlanta Porsche 70th Anniversary Auction 2018 Recap

    This auction recap is for all models previewed. Part I our full auction preview – on air cooleds – can be read at this link. Part II our full auction preview – on water cooleds – can be read at this link. CBA Recaps RM’s Porsche 70th Anniversary Auction Buyers Rule the Day … Sellers Face Headwinds How did we do?   Since Amelia 2018 we have been rather pessimistic when forecasting hammer prices in the face of what we view as overly optimistic estimates. We felt that while most examples here fell into that overly optimistic estimate pattern, some of the estimate ranges were realistic at their lower end (more so than at other recent auctions). But we also warned that this auction came wrapped in macro concerns about RM holding too many/frequent auctions, general price slippage and buyer exhaustion. However…

RM Atlanta 70th Anniversary Auction Part II

    CBA Previews RM’s Porsche 70th Anniversary Auction Porsche Experience Center Atlanta This is Part II of our auction preview for water cooled models from 2004 to date. Part I can be read at this link.   This auction is a single marque event being held in collaboration with Porsche on the heels of the official U.S. 70th anniversary celebrations which took place as part of Porsche Rennsport Reunion VI at Laguna Seca. The examples on offer appear to feature a tie in to the VRS/Exclusive/Classic departments whenever possible. RM limited the Lots to only one example of each model which was smart for several reasons. And estimate ranges for the most part seem a little more in line with reality than auctions of the recent past – which may have something to do in this instance with there being no other auction…

RM Atlanta 70th Anniversary Auction Preview Part I

    CBA Previews RM’s Porsche 70th Anniversary Auction Porsche Experience Center Atlanta One-off Auction – What Will it Produce?   This auction is a single marque event being held in collaboration with Porsche on the heels of the official U.S. 70th anniversary celebrations which took place as part of Porsche Rennsport Reunion VI at Laguna Seca. The examples on offer appear to feature a tie in to the VRS/Exclusive/Classic departments whenever possible. RM limited the Lots to only one example of each model which was smart for several reasons. And estimate ranges for the most part seem a little more in line with reality than auctions of the recent past – which may have something to do in this instance with there being no other auction houses to compete with for seller inventory. Although there seems reasonable interest in this one-off event auction…

PORS9 North America New to Market Count Monthly

The PORS9 North America New to Market Count Monthly is the number of vehicles added to the market in the calendar month for the models indicated. It indicates the momentum of model offerings. It is not a total count of the current market offerings for a model. The market includes Porsche franchise dealers, ad platforms/aggregators and eBay. Contact Us to Buy or Sell We are the only owner-to-owner network for buying and selling GT, Turbo amd Limited Edition Porsches. Our proprietary database of 20,000 vehicles includes models from the Carrera GT to the latest GT2/GT3. Turbo Models 997 Turbo, 997 Turbo S, 997 GT2, 997 GT2, 997 GT2 RS, 991 GT2 RS GT Models 997 GT3, 997 GT3 RS, 991 GT3, 991 GT3 RS Special Models 980 Carrera GT, 997 Speedster, 918 Spyder, 991 911 R * low transaction costs – transparent pricing –…

Pebble Beach 2018 Recap

    CBA Recaps Pebble Beach 2018 $2,500 Bid Increments – Low Estimates Abandoned – Carrera GT v. 918 Market   Rare Air Cooled Market Still Off? How Did the ‘Story Cars’ Perform? Watching these auctions what struck most was auctioneers trying to keep the bidding going on mid six figure cars (and higher) with $2,500 bid increments – felt odd. And that combined with the plethora of no reserve offerings … and as it turned out cars whose reserve was pulled well below low estimate … made events anticlimactic. Sure there were not a lot of great cars in the categories we pay most attention to compared to say Amelia Island 2018, but the response to what was available did not leave an impression even close to the auctions earlier this year. The energy did not seem to make it to the floor….

PORS9 Franchise Dealer Inventory Weekly Update

The PORS9 Franchise Dealer Inventory Weekly is a searchable and sortable table of the entire Porsche inventory for North American Porsche franchise dealers with links to dealer listings. It is updated every Wednesday. Contact Us to Buy or Sell We are the only owner-to-owner network for buying and selling GT, Turbo amd Limited Edition Porsches. Our proprietary database of 20,000 vehicles includes models from the Carrera GT to the latest GT2/GT3. Turbo Models 997 Turbo, 997 Turbo S, 997 GT2, 997 GT2, 997 GT2 RS, 991 GT2 RS GT Models 997 GT3, 997 GT3 RS, 991 GT3, 991 GT3 RS Special Models 980 Carrera GT, 997 Speedster, 918 Spyder, 991 911 R * low transaction costs – transparent pricing – confidentiality and anonymity * These are the hallmarks of the PORS9 experience! Contact Us to Buy or Sell

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