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RM Sotheby’s Arizona 2023 – Porsche prices remain stable

31.01.2023 By Richard Lindhorst
RM Sotheby’s Arizona 2023 – Porsche prices remain stable

44,873,140 USD. That’s the final sum, acquired by all the lots of out partner RM Sotheby’s Arizona auction. Just the Porsche lots accumulated 7,442,500 USD. And the results of this year’s first major auction carry weight. Because auction prices often determine pricing on the market in the coming months. That’s why we’ve picked out the respective selling prices of the Porsche models in Arizona and summarized them for you.

Porsche supercars continue to approach Ferrari, modern classics with remarkable results at RM Sotheby’s Arizona auction 2023

The results of RM Sotheby’s Arizona auction from January 2023 show that demand for special Porsche sports cars in the USA has by no means declined. On the contrary, the Porsche 959, for example, moved closer in price to the Ferrari F40, and the Carrera GT also manifested its market position in the seven-digit range. But while the auction result for a 911 F-model remained relatively low, prices for modern or younger generations of Porsche sports cars were particularly surprising.

RM Sotheby’s Arizona 2023 – Porsche 959 – 1.682.500 USD

RM Sotheby’s Arizona 2023 – Porsche Carrera GT – 1.242.500 USD

Two modern vehicles in particular caught the eye in the auction results. The first is an aqua blue Porsche 997.2 GT3 RS, which sold for $406,500. Its very high auction price is primarily due to its extremely low mileage of 374 miles. But it could be a pointer for the entire GT3 RS market. A 2022 Porsche 992 GT3 Touring also drew attention. The highest selling price of a comparable car was $302,000, according to classic.com. At Sotheby’s in Arizona, it fetched $362,500! This puts the car almost 200,000 USD above MSRP.

This Porsche 992 GT3 Touring sold at auction for $362,500!

The market for extremely rare air-cooled Porsches remains stable

There were no such outliers among the exclusive air-cooled models. The sale prices for Porsche 964 Turbo S Lightweight and Slantnose were within expectable regions. They sold at USD 962,000 and USD 830,000, respectively. Same applies to this 1997 Porsche 993 Turbo S. It went under the hammer for USD 549,500.

In contrast to the above-average hammer prices of the Porsche 911 GT3s, a Porsche 911 E fell somewhat short of expectations. Although the vehicle has a very extensive history according to Sotheby’s, the auction price did not exceed USD 106,400. However, this does not mean that auction prices for air-cooled Porsches have reversed their trend. On the contrary: The highest bid for a Porsche 911 Carrera 3.0 with M451 was a respectable $180,000.

A total of twelve Porsche sports cars were sold at RM Sotheby’s Arizona auction

Those mentioned so far are also joined by a 1989 Porsche 911 Turbo Cabrio Slantnose, a 2011 Porsche 997 Speedster and a Porsche 356 A Super Speedster. They were auctioned off for $417,500, $368,000 and $335,000, respectively. With the exception of the bid for the 911 Carrera 3.0, which has not yet been accepted, all eleven Porsches offered for auction were thus able to find new owners.

© title image: RM Sotheby’s

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