May 28, 2024

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Broad Arrow All-Porsche Auction Totals $15.6m Alongside Air|Water

The Porsche market has been hot for what seems like forever — and the latest evidence comes to us from Broad Arrow Auctions. The Hagerty-owned auction house just this past weekend held an all-new all-Porsche sale alongside the first-ever Air|Water Porsche event at the Orange County Fairgrounds in California. This new auction presented 56 Porsches to market and 41 pieces of automobilia, 80% of which sold, driving a $15.6m overall take. 

The high sale of the event was a 2015 Porsche 918 Spyder Weissach, which shouldn’t serve as a surprise to those of you who have been following the Porsche market over the past 12 months. The 918 on offer here brought $2,865,000, followed by a 1988 959 Komfort at $1,930,000 and a 2005 Carrera GT at $1,792,500. Post auction, a 1997 RUF BTR Twin sold for $1,150,000.

“The Broad Arrow team was delighted with the sale results from this past weekend,” said Alexander Weaver, Senior Car Specialist and Head of Private Sales for Broad Arrow. “It was terrific to see so many clients and familiar faces in the bustling crowd on Saturday. Working with Patrick Long and the entire Luftgekühlt/Air|Water team was outstanding, and being able to host more than 11,000 attendees, many of whom attended their first-ever auction event, was an exciting and unique element for the weekend. We look forward to continuing to find new avenues to present the Broad Arrow brand alongside Patrick and Luftgekühlt/Air|Water.” 

“From an all-around perspective, having the Broad Arrow auction that thousands of our attendees could attend, witness and even participate in as an experiential element to the day’s events was tremendous,” said Patrick Long, Founder of Luftgekühlt and Air|Water. “Over 11,000 people attended the first-year show, and we quickly sold out of car space, with more than 1,000 included in the show.  We were delighted with not only how well the event went but also with how well the auction fit in within the day’s festivities.” 

Further additional highlights from the auction included a pair of historic race cars, the 1986 Porsche 962 IMSA GTP Dyson Racing car, which achieved a final price of $775,000, and the 2007 Porsche 911 GT3 RSR Flying Lizard which sold for $747,500.

Top Ten Auction Results (All prices inclusive of Buyer’s Premium)

2015 Porsche 918 Spyder Weissach – $2,865,000

1988 Porsche 959 Komfort – $1,930,000

2005 Porsche Carrera GT – $1,792,500

1997 RUF BTR Twin – $1,150,000

1986 Porsche 962 IMSA GTP Dyson Racing – $775,000 

2007 Porsche 911 GT3 RSR Flying Lizard – $747,500

2023 Porsche 911 Sport Classic – $478,000

1994 Porsche 911 Turbo 3.6 – $423,000

2023 Porsche GT3 RS Weissach $423,000

1957 Porsche 356 A 1600 Super Speedster – $362,500

Air|Water was created by Luftgekühlt founder Patrick Long, who is well-known and respected in the Porsche world and has organized world-class gatherings for the Porsche community. This weekend’s event drew 11,000 Porsche enthusiasts to Orange County to celebrate 75 years of Porsche. Over 1,000 registered display cars were on-hand throughout the space’s 130 acres, as were VIPs, including the show organizers and decorated racers Patrick Long and Jeff Zwart, plus Porsche Factory racers Jörg Bergmeister and Alwin Springer.

Broad Arrow’s next auction will take place alongside the Hagerty Motorlux event in Monterey, CA on 15-16 of August and will feature approximately 150 cars over the course of the two-day auction. Early highlights include a 1955 Mercedes-Benz 300 SL Gullwing and a 1998 RUF CTR II. 

Learn more here.

Photos: Broad Arrow/Robin Adams