Hammertime Updates

Hammertime Updates

Interesting and diverse additions to our Hammertime value guide for this week include some head scratchers, some values and some breathtaking numbers. Leading the charge was the recent sale of the 2016 911R at RM Auctions at nearly $550,000. Yet there was value to be found in the Volkswagen world, as two VR6 modded VW hatches hit $5,200 (1977) and $10,600 (1991). The salvage title Corrado SLC VR6 was presumably cheap at only $3,601, making for a good driver candidate. Bidders failed to show up for the 2003 RS6, and the no reserve auction fell silent at only $8,000 – perhaps a great value, while the 300SEL 4.5 nearly tripped $5,000 despite major concerns. At the higher end of the collector market for each was the W126 560SEL at $21,000 and the B2 Audi 4000S quattro at nearly $8,000. Finally, a 912 tipped the scales at $28,100, leaving us wondering where the 912 market is heading.

Link to the page HERE!

2016 Porsche 911R – E.515,200 ($547,521)
1977 Volkswagen Rabbit VR6 24V – $5,200
1989 Mercedes-Benz 560SEL – $21,000
2003 Audi RS6 – $8,000
1972 Mercedes-Benz 300SEL 4.5 – $4,950
1968 Porsche 912 Targa – $28,100
1993 Volkswagen Corrado SLC – $3,601
1985 Audi 4000S quattro – $7,999
1991 Volkswagen GTi 3.2 VR6 – $10,600

Ossi Blue 1969 Porsche 912 Targa

Ossi Blue 1969 Porsche 912 Targa

I have somewhat dueling interests in this Ossi Blue 1969 Porsche 912 Targa. I’m hoping we can return to some sanity in the 912 market; to find those examples that remain reflective of the nice values for which the 912 previously had been known. In their day these were great cars to drive capable of even rivaling their more prestigious bigger brother, the 911. Early reports actually suggested they were better handling given their more balanced weight distribution. Among modern machinery a 912 isn’t likely to knock your socks off, but their no-frills light weight still should be capable of providing hands-on joy. My other interest is in how the 912 market is about to shake out and whether we are suddenly going to see more interesting examples come up for auction. The reason? Last weekend this Bahama Yellow 912 sold for over $114K. It was a somewhat stunning sale.

CLICK FOR DETAILS: Ossi Blue 1969 Porsche 912 Targa on eBay

Year: 1969
Model: 912 Targa
Engine: 1.6 liter flat-4
Transmission: 4-speed manual
Mileage: 85,000 mi
Price: Reserve Auction

Hello and thank you for viewing my auction I’m selling my 1969 Porsche 912 Targa rust free restored in its original color ossi blue with upgraded tan ricardo racing seats it is powered by its original motor engine code 4095164 1600cc 86k miles that was rebuilt 2years ago dual carburetors K&n filters runs and handles great with no problems at all upgraded 4wheel power disk brakes it is a 4speed manual transmission that shifts smooth also fresh tune up 500miles ago very nice exterior and interior very straight body all the way around could use headlight rings re chromed also have original car jack and tools and owners manual and original maintenance record book form 1969 it is a very nice driver gets thumbs up and looks wherever you go so bid with confidence for your chance to own a true piece of european history please do not bid if your are not planning to buy serious inquires only thanks hate to sell but making room in collection …..

1966 Porsche 912 Coupe

1966 Porsche 912 Coupe

If this sells, then it likely will be the most expensive Porsche 912 we have featured. That in itself makes it a tough feature as I’ve stated before. Much of the appeal of the 912 comes because of its typical lower cost of entry coupled with its many similarities between its bigger, and much more famous, brother the 911. Granted, relative to a 911 even an expensive 912 might still be a good bit cheaper, but when we begin to reach the dollar figures presumably asked for here (the starting bid of this reserve auction is set at $75K), then inexpensive no longer applies.

THAT SAID: it’s so pretty:

CLICK FOR DETAILS: 1966 Porsche 912 Coupe on eBay

Year: 1966
Model: 912
Engine: 1.6 liter flat-4
Transmission: 4-speed manual
Mileage: 123,095 mi
Price: Reserve Auction

1966 Porsche 912 3 Gauge Coupe

2016 P.C.A. WERKS REUNION CLASS WINNER !

WE ARE OFFERING ON CONSIGNMENT THIS CONCOURS RESTORED 1966 912 3 GAUGE COUPE IN PERIOD CORRECT “POLO RED” – INCLUDES C.O.A.

WITH CORRECT MATCHING # 1600cc ENGINE AND MATCHING # 902 4 SPD. TRANSAXLE CONFIGURATION.

THIS EXAMPLE WAS PURCHASED IN 2009 AT THE GERMAN AUTO FEST AND ENTRUSTED TO PATRICK MOTORSPORTS TO PERFORM A FULL RESTORATION.

AFTER A THOROUGH INSPECTION, THE 912 WAS COMPLETELY DISASSEMBLED TO A BARE CHASSIS. OUR BODY AND PAINT EXPERTS DETERMINED THAT

ATTENTION WAS NEEDED IN CERTAIN AREAS TO BRING THIS EXAMPLE TO THE LEVEL OF DETAIL SEEN TODAY.

ATTENTION TO DETAIL CONTINUES IN THE ENGINE BAY WITH CORRECT FASTENERS AND BOLTS, AS WELL AS THROUGH OUT THE ENTIRE CHASSIS.

THE INTERIOR IS FINISHED IN BLACK LEATHERETTE SEATS AND TRIM ALONG WITH CHARCOAL GREY SQUARE WEAVE CARPET.

THE AWARDS SPEAK FOR THIS BEAUTIFUL 912 IN EVERY AREA OF THE CAR PRESENTED TODAY.

FULL BUILD DOCUMENTATION, WITH HIGHLY DETAILED PHOTOGRAPHS AVAILABLE TO INTERESTED INDIVIDUALS.

1976 Porsche 912E

1976 Porsche 912E

With the air-cooled 911 market backing off a bit, especially for classic 911s of the late-70s and ’80s, the hope, or at least my hope, is that this will help return the 912 to its typical place as an inexpensive alternative. After all, if the 912 is commanding high dollars then it’s tough to rationalize one as a driver when a little effort almost surely could turn up a decent 911. One caveat is that the original long-hood 912 produced from 1965-1969 may remain a more expensive option. We haven’t seen the long-hood 911s come down in value much (though they aren’t really going up in value either) and I suspect the 912 will follow suit. That leaves us with the one-year-only 1976 Porsche 912E that we see here. Like the 911 of its era the 912E is most distinguished from its predecessor by its impact bumpers, but it also featured a larger 2.0 liter flat-4 replacing the 1.6 liter of the original 912. Unfortunately, that increased displacement did not bring with it additional power as the 912E actually offered fewer horses on tap than when equipped with the 1.6. It’s also heavier. This wasn’t an atypical problem for Porsches of the time as the mid-year 911 suffered a similar fate and these points help explain why they remain some of the lower priced options on the air-cooled market.

CLICK FOR DETAILS: 1976 Porsche 912E on eBay

1976 Porsche 912E

1976 Porsche 912E

An enduring myth in the car world is the old lady. You know, the car whose current owner – and ideally this is long-term ownership – is an older woman who has only used the car sparingly for shopping trips and other weekly tasks. These cars will be low mileage and have been very well maintained. Many times they are also well documented. The car will have seen almost no inclement weather during her ownership. To be clear, this is not myth in the since that such cars don’t exist – they most certainly do – and seeking them out can lead to some truly good bargains and fantastic cars. Why bring this up here? Because it’s exactly the case we have with this 1976 Porsche 912E located in Oregon. All of the basic typologies are present: 33 years of ownership, driven lightly on the weekends, excellent cosmetic condition, a huge stack of receipts. Perhaps even better? It’s a no reserve auction and bidding remains quite reasonable.

CLICK FOR DETAILS: 1976 Porsche 912E on eBay

1967 Porsche 912

1967 Porsche 912

If I’m honest, an expensive 912 is always a tough feature. Because the cost runs counter to how many of us tend to approach the 912 from the start, i.e. an inexpensive 911 alternative, then raising that price firmly into 911 territory raises a lot of questions. But this 912 seemed so pretty that it was impossible to pass up. The eye-catching color that is drawing so much of my attention is Bahama Yellow, one of the earliest bright yellows Porsche offered that possesses a slight burnt orange hue that distinguishes it from some of the lighter and more lemoney yellows. I think for many that shift in the spectrum makes Bahama Yellow a more attractive option and gives the color more depth. The particular 912 wearing it here is a 1967 Coupe meaning it is one of the original short-wheelbase models.

CLICK FOR DETAILS: 1967 Porsche 912 on eBay

1968 Porsche 912 Soft-Window Targa

1968 Porsche 912 Soft-Window Targa

Here we have one of Porsche’s more interesting design ideas: the Soft-Window Targa. Most are quite familiar with its hard windowed cousin, which has been available on the 911 for most of its life. But far fewer may be familiar with the precursor to the 911 Targa. With the Soft-Window Targa Porsche sought an engineering solution that would allow for maximum openness in the cockpit while retaining a measure of structural integrity they thought would be necessary to meet impending safety regulations. Those safety regulations never became manifest, but their design did. It’s somewhat simple: use a fixed roll-hoop and make the top and window removable. The look is somewhat strange and the window section was quickly converted to a fixed window, but the soft window provided a great deal of versatility and choice for drivers depending on just how much of the external environment they wanted to experience. The Soft-Window Targa is quite rare on both the 911 and 912 and as such will command higher values, with the 911S being far and away the most expensive. The one we see here is from the earlier short-wheelbase model years as well: an Irish Green 1968 Porsche 912 Soft-Window Targa, located in California, with 113,000 miles on it. It should be noted, this 912 does not possess its original engine, but the rest of the car is said to be original.

CLICK FOR DETAILS: 1968 Porsche 912 Soft-Window Targa on eBay

1969 Porsche 912

1969 Porsche 912

We see a lot of cars whose sellers refer to them as time capsules. In most cases that refers to a reasonably well kept car that’s mostly original, but it’s certainly not something that would get us all hot and bothered about vintage aesthetics. In some cases those cars can be downright haggard; time capsules in the sense of simply being, well, old. There are rare cases, however, where the term seems to apply; a car that not only appears to be entirely original, but even looks in the sort of condition one would expect had they owned the car during the time in which it was for sale. This car might just fit that bill. Here is a Polo Red 1969 Porsche 912 Coupe, located in Tennessee, with just 20,945 miles on it. As with most “time capsule” automobiles we have arrived at this point through long-term storage, but unlike some barn finds that really do look like they’ve been sitting in a barn, this 912 presents extremely well. Much of that probably comes down to the work of those who brought it back to life after it came out of storage. Regardless, it’s said to have its original paint, original interior, along with all of its original parts.

CLICK FOR DETAILS: 1969 Porsche 912 on eBay

1969 Porsche 912 Soft-window Targa

1969 Porsche 912 Soft-window Targa

Let’s check back in on my favorite quirky Porsche: the Soft-window Targa. As I’ve mentioned before, the Soft-window Targa was Porsche’s engineering solution to a problem they anticipated would occur, but never actually did. It’s sort of a window into the development process that even made it into production, if only for a short time. Because Porsche suspected that increasingly stringent safety regulations would render the cabriolet obsolete they sought to get out in front of these regulations and produce a model that would provide both the full open-cockpit feel of a convertible and also the safety of a fixed roll hoop. The Soft-window Targa was both an ingenious and somewhat ridiculous solution to that problem. I say ridiculous because to me these have never really looked right; they’ve always look like someone’s garage project, even if a well executed one. The idea did work, but Porsche quickly introduced the fixed hard-window version with which we are all familiar and the soft-window drifted off into the sunset. We do still see them from time to time and they are generally pretty popular with collectors due to their rarity and, I think, in part because of their interesting engineering. They certainly make for a fine talking piece. For whatever reason we’ve seen quite a few more examples of the 912 of late rather than the 911 and today is no different. Here we have a very pretty Irish Green 1969 Porsche 912 Soft-window Targa, located in California, with what appears to be 109,000 miles on it.

CLICK FOR DETAILS: 1969 Porsche 912 Soft-window Targa on eBay

1966 Porsche 912

1966 Porsche 912

I think if I searched my posts for my favorite color combination I’d find a lot of candidates for best and quite a few I’ve labeled as my favorite. Here we have another: a Slate Grey 1966 Porsche 912 with Red interior. It’s simply a wonderful combination of colors with both the exterior and interior each possessing their own distinct qualities, which combine to great effect. These seem the ideal complement to one another and I think those who really enjoy a bright red interior (as I do) will agree that the combination works incredibly well. The mileage is slightly uncertain, but given that the odometer appears to have rolled over I’m assuming it is above 100K miles and I have listed it as such here. Those fantastic colors surround what appears to be a lovingly cared for and restored driver-quality 912 that should provide for an excellent, cheaper, alternative to an early 911 blessed with nearly identical body lines, but with a flat-four rather than the 911’s flat-six.

CLICK FOR DETAILS: 1966 Porsche 912 on eBay

1969 Porsche 912 Targa

1969 Porsche 912 Targa

For all intents and purposes, 1969 marked the end of the 912 as Porsche’s entry-level automobile. With the introduction of the 911T, the 912 didn’t really make much sense anymore and Porsche was soon to debut the 914 as a new model that was not only entry-level in itself, but also quite different. Sure, the 912 would be back as a one year filler in 1976, complete with impact bumpers, but really it was with those earlier examples that it would make its name. It even served as a German police car. Part of the 912’s appeal was that it appeared so similar to its bigger brother the 911. In fact, the differences between the two came down almost entirely to the 912’s use of a four-cylinder engine rather than the 911’s flat-six. From the outside a quick glance would reveal little difference between the two and the 912 was even reputed to showcase better handling given its better weight distribution. Over the years many have disappeared through use but now and again we come across very nice examples, like this Polo Red 1969 Porsche 912 Targa located in California.

CLICK FOR DETAILS: 1969 Porsche 912 Targa on eBay

1966 Porsche 912

1966 Porsche 912

For quite some time now the Porsche 912 has served as the go-to option of the budget-minded Porsche enthusiast – or at least for those who remain attached to the hallmark of rear-engine and rear-drive coupes. Of course, given that the 912 was Porsche’s entry-level model it was natural that it should continue to serve such a function even after its production had ceased. With an appearance nearly identical to that of the 911, the 912 offered the same aesthetics but with sacrifices to performance. With time as the long-hood 911 became more desirable and more highly valued and as modern machinery dwarfed the performance possibilities of even a vintage 911, the performance differences between the 911 and 912 probably didn’t seem hugely significant, especially for those who might have been looking at a 911T. That made the 912 a great option for vintage motoring on a budget. We are beginning to move away from those days. With the air-cooled 911 line becoming increasingly valuable the 912 too has seen its values rise and it has become difficult to find quality examples for budget prices. I guess eventually most good things do end. A 912 still comes in at a pretty good discount over many long-hood 911s, just not as much as they used to be. The example we see here is a short-wheel-base model that looks in very good condition and sits with a very desirable Slate Grey exterior.

CLICK FOR DETAILS: 1966 Porsche 912 on eBay

1968 Porsche 912 Soft-window Targa

1968 Porsche 912 Soft-window Targa

Porsche’s soft-window Targa is one of those engineering feats that is a mix of the sublime and the ridiculous. It is a brilliant solution to a problem that never really arose, but with its removable rear window and fixed roll hoop it looks…strange. I think Porsche’s engineers realized this as the design only existed for three model years, and during production of the Soft-window Targa a fixed hard window was an available option. Even so, with safety standards failing to render the convertible obsolete it would still take 15 years before Porsche actually produced a Cabriolet version of the 911 so in that regard the Soft-window Targa seems well ahead of its time. There is definitely a lot going on with these. Design aesthetics aside, its short production run for either the 911 or 912 makes the Soft-window Targa a rare and interesting commodity among vintage Porsches and one that surely attracts plenty of questions and gazes within any collection. They are a part of Porsche history and as such always warrant considerable attention. The example we have here is a Light Ivory 1968 Porsche 912 Soft-window Targa located in Ohio.

CLICK FOR DETAILS: 1968 Porsche 912 Soft-window Targa on eBay

1968 Porsche 912

1968 Porsche 912

Red Porsches have become fairly ubiquitous on the second-hand market due primarily to their popularity in the ’80s and, to a lesser extent, the ’90s, but that popularity has not always been the case. And judging by their lack of prevalence among newer models, we may see their presence gradually wane over time. Among the earliest models they remain somewhat rare, yet they can be incredibly striking. Such is the case with the car here, a Polo Red 1968 Porsche 912, located in Indiana, with a reported 88,800 miles on it. I remain a huge fan of the 912 in general. These were the simpler, 4-cylinder, entry-level counterparts to the 911 that eventually were phased out when Porsche introduced the 911T as its lowest-cost offering. For a long time now the 912 has made for an excellent alternative to the 911 for those seeking a vintage driver for lower cost, but who still desired that 911 shape. That said, as prices for good models increase they do become a more difficult proposition. We’re still at a point where the best examples of the 912 only begin to reach the prices of a decent 911T, so we are not yet dealing with equal levels of condition, but given more time we may see an increased convergence of the market for these two entry-level Porsches.

CLICK FOR DETAILS: 1968 Porsche 912 on eBay

1968 Porsche 912

1968 Porsche 912

It is becoming increasingly difficult to find a Porsche 912 that falls into that middle stage of the market: not a pristine collector car, but not a car in need of significant work either. That’s somewhat troubling since much of the appeal of the 912 precisely is the opportunity for getting your hands on a good vintage Porsche driver, but without breaking the bank. Entry-level Porsche at entry-level pricing. But as the market for the 912 has heated up there is more incentive to restore properly those that have been neglected, which also brings out the sellers who are less interested in putting in the time for a quality restoration. Of course, this also tends to mean that owners of the middle-of-the-road cars price them too high – a rising tide raising all boats and whatnot – but ultimately a patient buyer should eventually be able to find one for a reasonable price. The example we see here, a Tangerine 1968 Porsche 912, located in Maryland, I think falls into that latter category. It looks in good running condition and worthy of being a fun weekend cruiser, but the asking price will likely need to come down. That said, excellent examples of the 912 have slipped into $50k-$60K territory so even this asking price is well under where top examples will sell.

CLICK FOR DETAILS: 1968 Porsche 912 on eBay