Porsche Prices In November 2020 - COVID EFFECTS
With the strange year, 2020 has been for everyone due to COVID 19 the Silverstone Auctions in November 2020 needed to be followed with detail to see what is happening in the Porsche classic and special car market in the UK.
As a storage company, our clients have not been taking cars out to sell and we have seen a growth in storage requirements, so we believe that things are ok despite of COVID.
We followed Friday 13th and Saturday 14th November 2020 Classic & Competition Cars looking mainly at the Porsche 911's prices that we felt could give us an indication of the market situation as we understand this better than any other.
Silverstone Auctions Friday 13th & Saturday 14th November 2020
This being a nice example of a 911 930 Sport C-16, UK-supplied car, right-hand drive, with matching-numbers and covering 19,521 miles from new documented by 20 service entries at main agents or regarded specialist, most recently in June 2020.
This 3.2 Carrera sport has a nice factory spec and being sold from a collector.
Before the Auction Silverstone Auctions suggested an estimate: £70,000 - £80,000
Sold for £75,000
This is a special 911 Club Sport which was built as a piece of Porsche History in 2013. One of 13 ever built to celebrate the Porsche Owners Club and its 13 original members and 1 of only 2 right-hand drive cars making this the most limited production run for Porsche to-date.
Before the Auction Silverstone Auctions suggested an estimate: £130,000 - £150,000
Sold for £168,750
This 1988 Porsche 928 SE was the sport model with only 42 built for the UK market in RHD. This is the club sport version of the 928 and this vehicle is rare and in spectacular condition.
Before the Auction Silverstone Auctions suggested an estimate: £60,000 - £70,000
Sold for £129,375
Concours Conclusion to Porsche Prices in November 2020
Looking at the estimates provided before the auction, Silverstone Auctions got there pricing very close and this at a time that we felt it would be difficult to guestimate.
The shocker for us was the Porsche 928 SE with the estimate being at £60,000 - £70,000 and selling for double that at £129,375.
The results are very positive for Porsche collectors because some cars achieved a healthy sold price inline with what we would like to see if COVID had been around.
So from our point of view, COVID has not affected classic car prices but has actually helped get some people to panic to sell cars that would have been less likely to have been on the market if it wasn't for COVID.
So are view - keep collecting everyone!