How Did This Humble Car, Which Normally Costs $5,000, Sell for $1 Million?
The underloved Porsche 914 could be the next big thing.
This 1970 Porsche 914 GT/6 sold earlier this month at the Gooding & Co. auction in Scottsdale, Ariz.
Source: Gooding & Company
Million-dollar Ferraris and Jaguars are frequent occurrences. Every major auction worth its salt has at least a few of them.
But a million-dollar Porsche 914—the awkward targa-top stepchild that Porsche and Volkswagen made together in the 1970s—would give even the crustiest collector a heart attack. A sum like that just wouldn’t make sense: With a 1.7- to 2.0-liter engine and no more than 125 horsepower under the most exceptional conditions, the 914 has long been derided by the Porsche elite as a lawnmower surrounded by a metal shell. It’s just not supposed to be worth anything—fun to drive for an hour maybe but entry-level at best.