Sept 2015 - Golden Empire Region

Sept 2015
Our Next Social Dinner and Business Meeting will be held at Romano’s Macaroni Grill
8850 Rosedale Highway, Tuesday Evening, September 15th, Dinner at 6:30 pm
September:
12th, Saturday, Nick Thomas’s Birthday Drive over Hwy 58 to Ventana Grill in Pismo.
15th, Tuesday,
No, Nick wont be driving..
Social Meeting and Business Meeting, Macaroni Grill on Rosedale, 5:30p Business 6:30 Dinner
19th, Saturday, Coronado Festival of Speed in San Diego
20th Sunday,
Coronado Festival of Speed in San Diego
25th-27th Fri-Sun, Porsche Rennsport V at Laguna Seca Raceway
26st, Saturday,
Lake Arrowhead Porsche Timeline
October:
4th, Sunday,
GEM Region Autocross at Minter Field Airfield
18th, Sunday,
Ventura Motorsport Gathering. Refer to flyer in newsletter for details
20th, Tuesday,
Sept Social Meeting. Location to be determined
24th, Saturday, Cal-Inland Region Photo Rally Tour. Refer to flyer in newsletter for details.
25th, Sunday,
GEM Region Concours d’ Elegance at Cal State Bakersfield
Crest RV Park, Every Saturday Morning at 8:am for Breakfast and Chit Chat , 5025 Wible Road
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Porsche Club of America
Golden Empire Region
Board Members and Chair Persons
President
Vice President
Secretary
Treasurer
Linn Christopher
Pat Wadman
Chuck Anderson
Betsy Wadman
Membership Chair &
Safety Chair &
Newsletter Editor
Communication Chair
Insurance Coordinator
Michael Thomas
Loren Stumbaugh
Mike McGregor
Autocross Co-Chairs
Greg Fullmer
Charles Rook
Omar Olivas
PCA Membership
Webmaster
Social Coordinators
Anton Khatsanovich
Sandy Anderson
Maggie Chow
While our cars are very exclusive, our club is not.
Did you know that you can add a family member
or other interested person as an affiliate member,
at no additional cost? The family or affiliate member must also be 18 years of age or older.
For all of the details contact our Membership
Chair:
Please join us online at our newly remodeled
Website and on our Facebook Group page:
Loren Stumbaugh
Porsche Club of America
Golden Empire Region
Membership Chairman
[email protected]
(661) 747-4416
http://gem.pca.org/
https://www.facebook.com/groups/
PCA.GoldenEmpireRegion/
And please send any Newsletter comments
or content contributions to :
[email protected]
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2nd Annual Werks Reunion appears
to have been another Big Hit
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Once again, our very own Harvey takes his Class with a Big Win !!
Congratulations Pat and Betsy Wadman
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2015 Werks Reunion Review from Sports Car Digest
The Porsche Werks Reunion 2015 was held Friday, August 14th at the Rancho Canada Golf Club in Carmel
Valley, California. Hosted by the Porsche Club of America, the second edition of this single-marque event
was met with an overwhelming amount of show goers and all told, over 700 Porsches in attendance from
every generation. The 2015 Werks Reunion celebrated the 40th anniversary of the introduction of the 911
Turbo and the 50th anniversary of the 912.
For the second year the Werks Reunion had the assistance of Porsche Cars North America and Michelin,
which provided a Le Mans class-winning 1996 Porsche 911 GT1, along with several Porsche ‘GT’ road cars.
A 918 Spyder, Carrera GT and 959 rounded out the supercar display. Perhaps more interesting for the older
audience was the assemblage of cars from major collections like the Ingram Family and Porsche Motorsport’s recently restored Gulf-Wyer 917K towed in by a Volkswagen transporter, no less.
Grouped by generation and genre, the Werks Reunion 2015 had plenty to offer to the Porsche enthusiast,
whether you’re interested in perfectly correct 356s or you fancy a well-built ‘Outlaw’ hot rod. Comparable to
the inaugural event, the overflow parking area proved to be a show in itself with hundreds of show goers in
attendance with their own Porsches helping represent the Stuttgart brand.
The 2015 edition of the Porsche Werks Reunion whet the appetite for the Northern California Porsche crowd
until Rennsport Reunion V in September.
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The Gang goes Bowling last month after the August Social Dinner
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Come Join Nicholas and Me for a Happy Sixteenth Birthday Drive
We plan on leaving around 9:30 from the McDonalds parking lot by River Walk Park
Will drive across Hwy 58 West to the Coast and lunch at the Ventana Grill
After that, who knows where
When:
September 12th, Saturday morning, 9AM –ish
Where:
McDonalds parking lot at River Walk Park
Itinerary:
Drive out Stockdale Hwy , past I-5 to Wasco Way which turns and intersects with Hwy 58 outside
of Buttonwillow. From there we follow Hwy 58 into McKittrick and on to Hwy 58 across Carrizo
Plains until we hit Hwy 101. South on 101 about 20 miles and we are at Ventana Grill at the
north side of Pismo Beach. And No, I don’t buy lunch, sorry ….
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Golden Empire Region 2015 Concours d ‘ Elegance
Sunday, Oct 25th
Back on the Grass in a New
Location this year !!
Cal State Bakersfield College
in the Alumni Grove.
Register online at the website
below:
MotorsportReg.com
MotorsportReg.com
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Online at MotorsportReg.com
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September 2015
Sun
Mon
Tue
Wed
Thu
Fri
Sat
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4
5
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7
8
9
10
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12 Nick’s BDay
Drive to Venatana
Grill in Pismo
Beach for Lunch
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15 Social Meeting
Macaroni Grill 630
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17
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19 Coronado
Festival of Speed
20 Coronado
Festival of Speed
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22
23
24
25 Rennsport at
Laguna Seca
26 Rennsport at
Laguna Seca
Timeline Arrowhead
27 Rennsport at
Laguna Seca
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October 2015
Sun
Mon
Tue
Wed
Thu
Fri
Sat
1
2
3
4 GEM Region
Autocross at
Minter Field
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7
8
9
10
11
12
13
14
15
16
17
18
Ventura
Motorsport Event
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20 Social Meeting
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22
23
24 Cal-Inland
Photo Rally
25 GEM Region
Concours at Cal
State Bakersfield
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27
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30
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13
14
15
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Now all you have to do is figure out where its at !!
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A 1924 Isotta Fraschini Tipo 8A won Best of Show at the Pebble Beach Concours d' Elegance.
The car is owned by Jim Patterson of Louisville, KY. He happens to be the founder of Long John Silver’s restaurants.
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New Exotic and Concepts on the lawn in front of the Lodge
And Hundreds of Millions of dollars in Vintage and Classics on the Field
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A Quick History of Cars in Pebble Beach
Now into its 65th year, the Pebble Beach Concours d’Elegance is now a not-to-be-missed event for car
collectors and enthusiasts alike in order to attract people to a very specific destination. Back in 1950,
however, the event wasn’t quite enough of a draw by itself.
In 1950, enthusiasts wanted to entertain spectators with a weekend filled with events, and planned both
a Pebble Beach road race and a Concours d’ Elegance for the first year. The race attracted the crowds,
and the concours kept them entertained in between heats.
Both events ran together until 1956, after a driver’s death prompted the road racing community to gather $1.5 million in donations and construct the Laguna Seca circuit in time for the 1957 event, where the
racing events have been held since.
You may not know that the Pebble Beach Concours d’Elegance, in keeping with tradition, initially allowed new cars to compete in concours judging, which led to the first winner in 1950 being a brand -new
American aluminum-bodied sports car called the Edwards R-26 Special Sport Roadster. Its creator,
Sterling Edwards, was one of the few men who had a hand in organizing the first event.
As road racing was still an up-and-coming sport in America in the early ’50s, organizers needed both
vehicles and a venue. The vehicles were easy to find, but a venue would only reveal itself after Del
Monte was enticed to use some of the roads it owned near what we now called the Lodge at Pebble
Beach, an exclusive hotel built in 1919. It was hoped that the concours and “Del Monte Trophy” racing
events would attract well-to-do clientele to the region—and it worked.
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Over the next few years, new (and nearly new) Jaguars were often a big part of both events, winning
both the road race and a few years of the concours. Perhaps oddly, the concours was dominated by
nearly new cars until 1955.
One of the earliest—and largest—supporters of the events was Phil Hill, who won the first Pebble
Beach road race in a Jaguar XK120, and later picked up a Best In Show trophy at the Pebble Beach
Concours d’Elegance in 1955 with his 1931 Pierce-Arrow 41 LeBaron Convertible Town Cabriolet.
The Pierce-Arrow set off a few decades of Pre-War classic domination at the concours. Since 1955,
only two cars newer than 1950 have won Best In Show, a 1964 Maserati Mistral in 1968 and a 1954
Ferrari 375 MM Coupe by Scaglietti in 2014.
What has made the event so successful for more than 60 years is that it quickly became the de facto
place for Pre-War car enthusiasts to gather and appreciate the beauty and craftsmanship of their more
stately vintage vehicles. With the sports car races spun off to run at a dedicated facility, there was also
more of an opportunity for each event to begin to attract different crowds.
As with any large concours, the joy of Pebble Beach is not necessarily the Best In Show winner, but the
field of vehicles that don’t win. With 25 judging classes in 2015 from Mercury customs, to British
Pre-War sports cars, to open wheeled race cars, there’s something for everyone.
Here, tradition and excellence are important to all attendees, and for nearly its entire history, Pebble
Beach has attracted the world’s foremost racing drivers, collectors, and enthusiasts, which help to
ensure that when you’re on the green at Pebble Beach, you’ll never be too far from greatness.
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Monterey Week Auction Recap:
Preliminary Sales Total $392 million
Monterey Car Week is over, and the last gavel has dropped, but auction companies continue to bring together buyers and sellers behind the scenes. Here are the preliminary numbers that have been confirmed
so far:
RM Sotheby's reported Monterey sales exceeding $172.7m — an increase of 20% over last year's Monterey totals, and the highest-grossing collector car auction of all time. A 1964 Ferrari 250 LM (pictured) was
the most expensive car of Monterey Car Week at $17.6m.
Preliminary sales at Gooding & Company's Pebble Beach auction totaled $128m, up 21% from last year.
Gooding sold 115 of 129 cars and achieved a sales rate of 89%. The top sale was a 1961 Ferrari 250 GT
LWB California Spyder, sold at $16.8m.
A 1959 Ferrari 250 GT Competizione Alloy coupe sold for $8.5m at Bonhams Carmel, earning high-sale
honors. Preliminary sales at Bonhams totaled $46.7m, down 57%. More than 100 cars crossed the block,
and the final sales rate was 90%. View all the sold cars here.
At Mecum Monterey, top honors went to a 1969 Lamborghini Miura P400 S at $2.3m, and combined totals
came to $45m, up 30%. View the Mecum results here.
Significant sales at Russo and Steele Monterey included a 2005 Porsche Carrera GT at $781k. Russo and
Steele, Rick Cole Auctions and JR Auctions continue to finalize post-block sales and have not released official results.
The numbers so far total $392m. That figure will grow in the coming days as auction houses finalize their
results. Last year the combined total for all Monterey sales was $464m.
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Monterey 2015 will go into the books as an undoubtedly important event in the current market cycle. For the first time since
2009, there was no year-over-year gain in the total, and the full significance of that (both real and psychological) likely
won’t be completely understood until well into 2016. For the moment, this much is apparent: The long-awaited stabilization
in the market appears to be under way, albeit not unambiguously.
If Monterey were represented by just two auction houses, RM and Gooding, we wouldn’t be discussing the concept of
stabilization quite as loudly, as both RM and Gooding were up massively, about $45 million between the two of them with
only about 15 more cars brought to market between the two auctions. Sell-through rates were pretty close to the same as
in 2014, as were averages realized and the value of unsold lots (well over $100 million). Most tellingly, the amount of value
in unsold lots was nearly double what it was in 2013. This lends some credence to the notion that the actual peak of the
market in terms of momentum was Monterey 2013 and that the results of 2014 and 2015 can possibly be assigned to
dialed-in owners timing sales before the realization that the upward momentum of the market was petering out became
common knowledge.
More recent cars, however, continue to climb. Post-Enzo cars like the F40, 288 GTO — and even more common cars like
the 550/575, 308/328 and Testarossa — continue to be in significant demand, with the latter two models nearly doubling in
price year over year. The more than $13 million realized by RM for the McLaren F1 was a stunning but not unexpected
result. The notion that the fourth most valuable car sold all weekend isn’t even old enough to vote, let alone legally drink, is
something to wrap one’s head around. Or try this one on for size: The Mercedes 300SL Gullwing, the gold standard of
collectible post-war European sports cars, is being eclipsed in value by the Porsche 959, a technical tour de force that is
not yet 30 years old. The strength of newer cars isn't limited to the highest priced models, either, as Bonhams sold a 1989
BMW M3 for $96,250. If the current stabilization morphs into a downturn in 2016, these modern classics will be interesting
cars to watch. Time may ultimately be on their side, but it will be interesting to see if that time truly is now or if it’s 10 or 15
years into the future.
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The Monterey Sports Car Auctions
Each year hundreds of million dollars of collector cars are traded at Monterey in August. And although Ferrari has
been stealing the auction headlines for the last few years in Monterey, Porsche has been coming on strong as well.
Excellent news for all of us Porsche enthusiasts. Over the next few pages you will see some very encouraging prices
that are being realized for these exciting German sports cars.
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Monterey Auction Results for Porsches
Russo & Steele
Consignment #
Consignment #4018
Consignment #4019
Consignment #4024
Consignment #4029
Consignment #4030
Consignment #4038
Consignment #4050
Consignment #4069
Consignment #4083
Consignment #4084
Consignment #4096
Consignment #4097
Consignment #4103
Consignment #4104
Consignment #4108
Consignment #4109
Consignment #4136
Consignment #4170
Consignment #4179
Consignment #4182
Consignment #4208
Consignment #4221
No Reserve
No Reserve
No Reserve
No Reserve
Special Thank You goes out to James Alton from the San Gabriel Region
of the PCA for granting permission to repost the Monterey Auction
Results which he has taken the time and effort to list. Nice Job James !
Sold For
$240,000.00
$95,700.00
$82,500.00
$94,600.00
$781,000.00
$60,500.00
Car
1959 Porsche 356 T2 “Factory Hardtop” Cabriolet
1984 Porsche 911 Turbo Coupe
1971 Porsche 911 T Coupe
1988 Porsche 930 Turbo Coupe
2005 Porsche Carrera GT Coupe
1962 Porsche 356 Coupe
1989 Porsche Speedster Convertible
1992 Porsche 911 Carrera
1977 Porsche 930 Turbo Coupe
1994 Porsche 911 Turbo Coupe
1979 Porsche 911SC Targa
1995 Porsche 911 Carrera
1983 Porsche SC Cabriolet
1985 Porsche 930 Turbo Coupe
1953 Porsche 356 Pre A Bentwindow Coupe
1971 Porsche 911 T Targa
1975 Porsche 911 Carrera Coupe
1994 Porsche 911 Turbo 3.6
1968 Porsche 912 Coupe
1987 Porsche 911 Cabriolet
1983 Porsche 911 Coupe
1979 Porsche 911SC
$214,500.00
$38,500.00
$48,400.00
$37,400.00
$47,300.00
$45,100.00
$31,900.00
RM Southebys
Lot #
Lot 102
Lot 108
Lot 110
Lot 204
Lot 205
Lot 234
Lot 236
Lot 249
Lot 252
Lot 256
Lot 311
Lot 330
Lot 348
Car
1988 Porsche 959 'Komfort'
1956 Porsche 356 A 1600 Speedster by Reutter
1996 Porsche 911 Carrera RS 3.8
1975 Porsche 911 Carrera Targa 2.7
1971 Porsche 911 T Coupe
1976 Porsche 911 Turbo Carrera U.S. Prototype
1967 Porsche 911 S Coupe by Reutter
1974 Porsche 911 Carrera 2.7 MFI Coupe
1986 Porsche 911 Turbo Coupe
1957 Porsche 356 A 1600 Speedster by Reutter
1964 Porsche 356 C Carrera 2 Coupe by Reutter
1965 Porsche 911 Coupe by Reutter
1959 Porsche 356 A 1600 Cabriolet by Reutter
sgb.pca.org
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Estimate
$1,000,000 - $1,300,000
$270,000 - $320,000
$350,000 - $450,000
$125,000 - $175,000
$130,000 - $150,000
$300,000 - $400,000
$300,000 - $350,000
$300,000 - $375,000
$180,000 - $220,000
$425,000 - $475,000
$750,000 - $900,000
$250,000 - $350,000
$175,000 - $225,000
no reserve
no reserve
no reserve
no reserve
no reserve
no reserve
no reserve
no reserve
no reserve
no reserve
Sold For
$1,210,000
$330,000
$550,000
$110,000
$145,750
$341,000
$253,000
$374,000
$159,500
$440,000
unsold
$187,000
$209,000
facebook.com/PCA-SGVR
Gooding & Company
Lot #
Lot 158
Car
1958 Porsche 356 A Speedster
Lot 115
Lot 38
Lot 145
Lot 144
Lot 139
Lot 60
Lot 137
Lot 143
Lot 56
Lot 117
Lot 6
Lot 14
Lot 50
Lot 154
Lot 49
Lot 146
Lot 103
Lot 51
Lot 23
Lot 159
Lot 64
1976 Porsche 930
1957 Porsche 356 A Speedster
1973 Porsche 911 Carrera 2.8 RSR
2000 Porsche 996 GT3 R
1973 Porsche 911 Carrera 2.7 RS Lightweight
1996 Porsche 993 Turbo
1975 Porsche 911 Carrera 3.0 RSR
1960 Porsche RS60
1964 Porsche 904 Carrera GTS
1967 Porsche 906E
1977 Porsche 930
1973 Porsche 911 Carrera 2.7 RS Touring
1982 Porsche 956
1967 Porsche 911
1967 Porsche 911 2.0 S
1988 Porsche 930 S Slantnose
1958 Porsche 356 A Speedster
1979 Porsche 930
1988 Porsche 959 Komfort
1994 Porsche 964 Turbo 3.6
1973 Porsche 911 Carrera 2.7 RS Lightweight
No reserve
No reserve
No reserve
No reserve
No reserve
No reserve
No reserve
No reserve
Estimate
$325,000 - $375,000
$220,000 - $260,000
$300,000 - $375,000
$900,000 - $1,100,000
$400,000 - $600,000
$900,000 - $1,100,000
$275,000 - $350,000
$700,000 - $900,000
$5,500,000 - $7,000,000
$2,250,000 - $2,750,000
$1,600,000 - $2,000,000
$140,000 - $180,000
$700,000 - $800,000
$7,000,000 - $9,000,000
$200,000 - $250,000
$250,000 - $325,000
$170,000 - $200,000
$300,000 - $350,000
$300,000 - $350,000
$1,600,000 - $1,800,000
$300,000 - $350,000
$1,000,000 - $1,200,000
Sold For
$ 583,000
$ 253,000
$ 385,000
$ 935,000
$ 935,000
$ 192,500
$ 1,292,500
$ 5,400,000
$ 1,650,000
$ 187,000
$ 660,000
$ 10,120,000
$ 181,500
$ 189,750
$ 154,000
$ 379,500
$ 302,500
$ 1,732,500
$ 275,000
$ 962,500
Mecum Auction (Top 10)
Car
No 3: 1976 Porsche 930 Turbo Carrera
No 7: 2005 Porsche Carrera GT
No 10: 2005 Porsche Carrera GT
Lot #
Lot S71
Lot S45
Lot S127
Comment
Steve McQueen's Last Special Order Porsche
252 Miles Since New
1,481 Miles Since New
Sold for
$1,950,000
$1,000,000
$775,000
Prices Sold include auction premiums.
sgb.pca.org
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facebook.com/PCA-SGVR
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