Good Morning! Not a huge weekend other than a Slant Nose and a 914-6 that we watched climb way out of our price range. But not to worry. RM Sotheby's inaugural Miami sale during Miami Art Weeks Kicks off at the end of the week. More on that one tomorrow.
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THE MARKET
Sell-Through Rate: 73%
Market Volume ($): $580,487
Market Volume (units): 15
- Fairly light weekend online and if it weren't for the Mecum sale, we'd have a sell-through rate in the 60s.
- Speaking of Mecum, it almost seems as if it's a wholesale auction at this point with average cars on the lower end of the price spectrum.
TOP SALES
1988 Porsche 911 Turbo Cab. M505 Slant Nose $137,505 Bring a Trailer
1970 Porsche 914-6 $119,146 Bring a Trailer
1989 Porsche 911 C4 Coupe 5sp $80,000 Bring a Trailer
2013 Porsche 911 C4S Coupe $68,068 Bring a Trailer
2003 Porsche 911 Turbo $55,000 Mecum
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
While some markets are starting to soften, this sale proves that the 914-6 market remains strong, especially for excellent #1 and #2 cars.
Finished in Tangerine over Black leatherette, this 1970 914-6 sold for $119,146 on Bring a Trailer yesterday with 34,000 miles shown and some tasteful modifications to aid in driving enjoyment. The car was an older restoration performed by marque specialist Auto Atlanta in the '90s. Knowing their work, this car was most likely a Concours winner at one time.
Although we haven't had a $100k+ sale of a 914-6 at an online auction for quite some time, this car was deserving of the price paid. Had the car been fresh out of restoration, I wouldn't have been surprised for it to fetch close to a market high of $150,000.
After 20 years and some miles, a few blemishes are to be expected. Considering the age since restoration, the car was in great condition and well cared for with plenty of receipts showing continuous upkeep.
The seller only put roughly 1,500 miles on the car but no mention of when they purchased it. If those were 1,500 miles over 10 years, I'd say well-sold. But if recently acquired, maybe not so. Well-bought on the buyer's end as there is only upside on a car of this caliber.
NEW & NOTEWORTHY
- One of 483 1967 Soft-Window Targa 911S' built for the model year in Tangerine over Black leatherette.
- "Safari All The Porsche's" continues with this 2013 991 Coupe with roof rack, rally lights, and big 'ol knobby tires.
- A very '80s Gemballa-bodied 1981 Porsche 928 in Red Wine Metallic still has it's brick-like car phone.
AUCTIONS ENDED 12/3-12/4
1988 Porsche 911 Turbo Cab. M505 Slant Nose $137,505 Bring a Trailer
1970 Porsche 911S Coupe $132,000 Bring a Trailer
1970 Porsche 914-6 $119,146 Bring a Trailer
2011 Porsche 911 Turbo S Cab. $89,000 Bring a Trailer
1989 Porsche 911 C4 Coupe 5sp $80,000 Bring a Trailer
2013 Porsche 911 C4S Coupe $68,068 Bring a Trailer
2003 Porsche 911 Turbo $55,000 Mecum
2009 Porsche 911 C2S Coupe 6sp $45,250 Bring a Trailer
2009 Porsche Cayman S $35,500 Bring a Trailer
2016 Porsche Macan S $29,700 Mecum
2010 Porsche Panamera S $20,350 Mecum
2002 Porsche Boxster 5sp $17,050 Mecum
2002 Porsche Boxster 5sp $11,550 Mecum
1989 Porsche 944 $6,600 Mecum
1985 Porsche 944 No Sale Mecum
*Prices in Red denote a high bid and no sale
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