Good Morning! It's peak leaf season here in the Northeast. Do you have plans to grab the keys to your Porsche this weekend and get out and drive?
THE MARKET
Sell-Through Rate: 65%
Market Volume ($): $539,322
Market Volume (units): 20
- Both the sell-through rate and market volume were not helped by the fact that not a single car over $100k sold yesterday.
- Very similar to what we are seeing on the used market, Porsche's over $100k have been dropping in price as their market days supply gets higher.
TOP SALES
1977 930 Turbo Race Car $81,000 Bring a Trailer
1966 912 Coupe $73,500 Bring a Trailer
1996 911 Carrera Cabriolet 6sp $62,500 Bring a Trailer
1995 911 Carrera Coupe 6sp $59,500 Bring a Trailer
1977 911S Targa $48,222 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT RM SOTHEBY'S
A centerpiece of any Porsche collection, the 1973 Porsche 911 2.7 RS was the marque's first successful homologation special that set the tone for Porsche's racing cars throughout the decades.
Absent sales as of late, the only other 2.7 RS to sell this year found a new home at a staggering price of $975,000, over $100,000 more than the average 2021 sale price which was at a low over the last 5 years.
But was this previous sale an indication of where the market is in 2022 or was it an outlier due to its famous previous owner?
This 1973 RS sold at Mecum's Monterey sale in August amid much fanfare. The car was part of the AE Collection of the late Paul Walker and Roger Rodas who tragically lost their lives in a much-publicized Carrera GT crash in 2013. The car itself was your typical Touring trim so it's safe to say that the celebrity provenance helped push the bid to its high sale. But by how much?
Our Spotlight car, being auctioned by RM Sotheby's at their London sale on November 5th, is also a Touring model fitted for racing and offered with a Certified by FIA Historic Technical Passport. It's tough to gauge how this car will fair in this economic climate but we'll see where the market truly stands for this Porsche icon in a little over a week's time.
NEW & NOTEWORTHY
- This 1971 911T Targa previously sold in 2020 for $75,000 and was then offered for sale at Motorcar Gallery for $146,500. Time to cut their losses or will they get their money back?
- Already bid well above $1.5m, this PTS Riviera Blue 918 Spyder Wassach Edition is one of a kind.
- There's just something about Arena Red on a Turbo, this 2005 Turbo S looks the part.
AUCTIONS ENDED 10/26
2019 911 GT3 Touring 6sp $205,000 Bring a Trailer
2017 911 Turbo S $127,000 PCARMARKET
2011 911 Turbo S Cabriolet $122,000 Bring a Trailer
1977 930 Turbo Race Car $81,000 Bring a Trailer
1966 912 Coupe $73,500 Bring a Trailer
1996 911 Carrera Cabriolet 6sp $62,500 Bring a Trailer
1995 911 Carrera Coupe 6sp $59,500 Bring a Trailer
1977 911S Targa $48,222 Bring a Trailer
2010 Cayman S $43,000 Bring a Trailer
1975 911S Coupe 6sp $40,200 Bring a Trailer
1978 911SC Targa $35,750 Bring a Trailer
2016 Macan S $34,500 Cars & Bids
2013 Cayenne GTS $34,000 Cars & Bids
1995 911 Carrera Coupe Project $27,000 PCARMARKET
1999 911 Carrera Coupe 6sp $25,500 Bring a Trailer
2008 Cayenne S $20,500 Bring a Trailer
2003 911 Carrera 4 Cabriolet $15,500 PCARMARKET
1999 Boxster 5sp $15,100 Bring a Trailer
1990 944 S2 Cabriolet $15,000 Cars & Bids
1980 924 Turbo $13,599 Bring a Trailer
*Prices in Red denote a high bid and no sale
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