Good Morning! The GT market was a hot topic after finishing off some pumpkin pie and a few bottles of wine at our Thanksgiving table. Grandpa thinks the rising tide is over while Uncle Joe argued for another surge in GT3 pricing after today's top seller topped $300k.
I hope you enjoyed your Thanksgiving surrounded by friends and family talking about the Porsche market.
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THE MARKET
Sell-Through Rate: 66%
Market Volume ($): $1,860,950
Market Volume (units): 29
- The 60s trend continued through Thanksgiving eve and day at 66%. Two more cars were withdrawn from Bring a Trailer resulting in no sales.
- A GT3 Touring topped $300k to become our top sale of the past two days as that market remains strong.
TOP SALES
2022 Porsche 911 GT3 Touring 6sp $312,000 Bring a Trailer
1958 Porsche 356A Coupe $202,000 Bring a Trailer
1974 Porsche 911 2.7 MFI Coupe $195,000 Bring a Trailer
2018 Porsche 911 GT3 6sp $176,000 Bring a Trailer
1996 Porsche 911 Turbo $173,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT PCARMARKET
Here's something I didn't see coming: a sub $90,000 50th Anniversary 911. Last I checked these cars were over $100k, sometimes well over. But this example in the perfect color combo sold yesterday for $88,750 on PCARMARKET.
This car appeared to have everything going for it. The perfect exterior color of Geyser Grey. The black leather with dark silver stitching and pepita inserts. The wide body of the AWD 911 but with 2WD. And those Fuchs-inspired wheels!
What gives?!
Well as any collector knows, a car's value can be significantly diminished by the collector car kiss of death: a bad CarFax. Although the seller-provided paint meter readings, you can't escape the fact that "something" happened to this car under past stewardship. Add to that fact that this car had 3 previous owners and higher mileage at 47,907 miles, and the price paid for this one seems about right after you dig into the details.
A normal 991 S with PDK with ~45,000 miles should sell for about $65,000. So this buyer paid a $20,000 markup to have something a little different at Cars & Coffee next weekend. That being said, I'd have to consider this one well-sold.
NEW & NOTEWORTHY
- This 2008 911 Carrera 4S has been modified all the way down to the very detailed floor mats.
- How close will this 28k-Mile 2003 911 Turbo X50 6sp get to $100,000? It's already over halfway there.
- For those in need of a winter project, check out this no-reserve 1962 356B Notchback project car and bring your trailer.
AUCTIONS ENDED 11/23-11/24
2018 Porsche 911 GT2 RS Weissach $385,000 PCARMARKET
2022 Porsche 911 GT3 Touring 6sp $312,000 Bring a Trailer
1958 Porsche 356A Coupe $202,000 Bring a Trailer
1974 Porsche 911 2.7 MFI Coupe $195,000 Bring a Trailer
2018 Porsche 911 GT3 6sp $176,000 Bring a Trailer
1996 Porsche 911 Turbo $173,000 Bring a Trailer
1992 Porsche 911 RS America $150,000 Bring a Trailer
2021 Porsche 911 C4S Coupe 7sp $135,000 Bring a Trailer
2021 Porsche 718 Cayman GT4 $126,300 Cars & Bids
2018 Porsche 911 GTS $114,500 PCARMARKET
2019 911 C4S Coupe 7sp $111,000 Bring a Trailer
1991 Porsche 911 C4 Coupe 5sp $87,000 PCARMARKET
2011 Porsche 911 Turbos S Cab. $82,828 Bring a Trailer
1990 Porsche 911 C4 Cab. 5sp $66,000 Bring a Trailer
2003 Porsche 911 Turbo Coupe 6sp $66,000 Bring a Trailer
1985 Porsche 911 Targa $62,000 Bring a Trailer
2006 Porsche 911 Coupe 6sp $42,000 PCARMARKET
2002 Porsche 911 C4 Cab. 6sp $30,000 Bring a Trailer
2009 Porsche Cayenne Turbo S $30,000 Bring a Trailer
2002 Porsche 911 Coupe 6sp $29,500 Cars & Bids
2006 Porsche Boxster S $28,800 Bring a Trailer
1987 Porsche 928 S4 $25,250 PCARMARKET
2006 Porsche Cayman S 6sp $23,750 Bring a Trailer
1981 Porsche 928 5sp $18,750 Bring a Trailer
2001 Porsche Boxster 5sp $11,100 Cars & Bids
1971 Porsche 911T Coupe No Sale Bring a Trailer
2012 Porsche 911 Cab. No Sale Bring a Trailer
1987 Porsche 928 S4 No Sale Guys with Rides
1988 Porsche 911 No Sale Guys with Rides
*Prices in Red denote a high bid and no sale
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