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What's driving the spike in air-cooled Porsche 911 prices

Classic car prices have been racing skyward in general, but prices for air-cooled (pre-1999) Porsche 911s are ascending like they're strapped to rocket boosters. It's been going on for years, and every year people are surprised by how outrageous it's getting: Classic Driver covered it this month, as did The Truth About Cars who included this example of a "scruffy" 1993 RS America with 215,000 miles asking $80K; Mike Spinelli at Drive riffed on it at length last year along with a host of classic-car-market observers; Porsche forums were at it two years ago; and let's not even get into the 993 Turbo, going for prices so high you have to lie down to look at them. Speed Academy has run a piece looking at why it's happening, one theory being that regular-guy owners are hopping on the runaway-price wagon without any good reason. As in the example of that high-mileage, scruffy 911 RS America at Bring a Trailer, the owner sees pristine examples valued by Hagerty at $170,000, and even though the average value is $93,238 he thinks something like, "Mine's got to be worth half of top dollar ..." The tide - even one rising on air - makes it hard to find decent prices. Then there is the flood of money into the market. In spite of articles that try to temper investors' outlooks on collectible cars, other articles in places like the Financial Times and the Guardian promote vintage metal as a safe place to put money and reap astonishing returns. Speed Academy thinks one side effect of high 911 prices is that responsible enthusiasts are turning their attention to cars like the BMW 2002, E30 M3, and E9 3.0CS, saying their prices are "sharply on the rise." The entire article is worth a read since it goes into markets far afield from pricey German steel, but incredibly, the entire piece was actually inspired by a 1997 Acura Integra R that sold for $43,000 on eBay. So while this could be the best time to get into the classic car market if you know what you're doing, it is certainly the best time to do your homework. Related Video:

eBay Find of the Day: 1967 Pontiac GTO Monkeemobile

Say what you will about The Monkees, but the guys in the band had great taste in automobiles. Take the Monkeemobile, for example. Built off a 1967 Pontiac GTO Convertible, the custom featured genuinely interesting bodywork and some wild engine bolt-ons. If you're a fan of 1960s pop and yearn to relive the genre's glory days, eBay Motors may have what you need. A recreation of the 1967 Monkeemobile has showed up for auction. This particular replica was built by Dakota County Customs using an four-speed GTO, just like the original.
Built for the band's 45th anniversary and the final Monkees tour last year, this Monkeemobile is faithful down to every last detail. Unfortunately, the trumpet exhaust poking out of the front fender wells and the massive gold-flake blower are for show only. Seems fitting.
If you like what you see, this machine is up for bid in Richfield, Minnesota with two days left on the auctions. So far, bidding as whipped up to $60,000 with the reserve not met. Head over to eBay Motors to have a look.

Watch this garbage truck consume a Pontiac Grand Am

When an old car or truck offers its dying breath in your driveway and you just don't have the financial or mechanical wherewithal to resuscitate it yet again, you traditionally have to go to the trouble of calling a flatbed or a tow truck to come haul it away. That usually helps to put a few bucks in your wallet and helps recycle some of the vehicle's parts, but the transaction doesn't seem as final or perversely satisfying as the dispatch service that this New Way Cobra Magnum garbage truck offers.
Okay, okay, so this refuse hauler isn't actually designed for this sort of thing, but it's oddly comforting to know that a sanitation truck can compact a hapless Pontiac Grand Am into oblivion. Next time, we won't feel so guilty about slipping that rusty charcoal grille onto the curb next to the cans on garbage day. Watch the carnage by scrolling below.