You’ll have heard by now of the amazing price that the ’72 911 owned by Magnus Walker sold for this last weekend. $275,000 plus buyers premium brings the final invoice to around $300,000. This for a car that until just over twelve months ago was unknown and indeed, not rare / original / famous / unrestored, but a ‘cafe racer’ hot rod created within the last couple of years.
Don’t get me wrong, I really like some of the personal ‘takes’ on someone’s perfect 911 that are springing up around the world. I’d love a Singer as much as the next man and some of the UK Porsche specialists such as Paul Stephens and Specialist Cars Malton are also making some great work as well as personal projects being brewed up in garages across the world. And in the end the market will decide what the value of some of these cars turns out to be.
So is the Magnus Walker sale a signal that we have an incredibly buoyant classic car investment scene? Or a sign that Magnus Walker 911’s are truly collectable works of art? Or even, as someone mentioned to me over the phone yesterday, is it a sign that we have a market overheating and due for a fall?
Or is it simply that a unique combination of twelve months of great viral marketing and social media PR, added to the 50th anniversary of the 911’s birth, plus the skills of a great auction house at what is acknowledged as the pinnacle of the classic car buying season, all combined to create a ‘perfect storm’ of interest and feeding frenzy in which to launch a high profile 911 sale?
Whatever your viewpoint, you have to take your hat off to Magnus. From relative obscurity as a Porsche specialist to worldwide fame in less that twelve months is a quite remarkable feat and I salute him.
I voiced a few doubts to my Porsche contacts earlier this year as to whether 2013 was a good year to be buying into classic 911’s. The informal straw poll result was that if you’re not in the game, you’re not a player and that you may well end up kicking yourself. Probably true. Though one thing I would say for sure is that if you’re an aircooled 911 owner who’s considering selling up, right now probably couldn’t be a better time.
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