|Recently in New York, a 1973 Porsche Carrera RS 2.7 Touring sold for just under $1 million.|
Ferrari dominates the classic car market. Porsche dominates the next-up list. Blue chip cars in general have risen from an average value of $600,000 in 2007 to $2.6 million today. ("blue chip" autos are the most expensive, like Ferrari and Mercedes.) Vintage German-made cars jumped an average value of $150,000 in 2007 to $625,000.
|Hagerty data that combines public auction sales and private sales shows that the 1974-1977 Porsche 911 has increased the most in average sale price of any classic car this year, with a jump of 154 per cent in value over 2014. That's more than anything from Aston Martin, Ferrari, or Lamborghini.|
Auction houses offered 27 more Porsches this year at the Monterey auctions than they did last year, especially 930s and 911 SC models.
|Porsches-especially the 911s made between 1970 and 1980 and the 356 Speedsters made in the 1960s-have growing appeal. They are far more reliable than other vintage cars from the era. Their mechanically simple Volkswagen-approved engines run smoothly and easily, and their well-built components are easily found.|
Porsches from this era have a wide entry point for prospective buyers.
|Highlights at RM Sotheby's New York December 10th, 2015 auction included singer Janis Joplins iconic Porsche 356 C 1600 SC Cabriolet. The car was expected to fetch $400,000. It made $1.7 million|
It has been on display at the Rock and Roll Hall of Fame in Cleveland since 1995.