Good Morning! A slowdown is looming. Is it seasonal or is the market really starting to soften as our top 3 bids failed to sell yesterday amid another dismal sell-through rate?
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THE MARKET
Sell-Through Rate: 53%
Market Volume ($): $621,712
Market Volume (units): 15
- For the second day in a row, our sell-through rate has been at 53%. Uh-oh, George.
- Market volume is fairly low as well, but looks to get lower in the next 5-7 days as the amount of cars coming to market is waning.
TOP SALES
2016 Porsche 911 Targa 4S $130,000 Bring a Trailer
1966 Porsche 911 Coupe $127,000 Bring a Trailer
1988 Porsche 911 Coupe $117,912 Bring a Trailer
1996 Porsche 911 Cab. 6sp $74,000 PCARMARKET
1967 Porsche 912 Coupe $71,500 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
Just how collectible is Porsche's entry-level car from 1967? So collectible that Keith Martin's Sports Car Market Pocket Price Guide doesn't include the car in their 2022 edition. Based on prices, I highly suggest they make the addition for 2023.
This 1967 912 Coupe finished in Polo red sold on Bring a Trailer yesterday for $71,500 after a slew of last-minute bidders playing psychological games with each other bid the car up in small increments and then large as the clock counted down to 0:00.
Like everything else Porsche, a few years ago this car would have been much less. Noted flaws in the older repaint, ok brightwork with some discoloration, and a rebuilt non-original engine would have placed this #4 driver condition car at around $30,000. But not today.
While some Porsche markets are starting to show some softening, the 912 market is not. Maybe it's the value in the 911 look for considerably (for now) less money. It certainly isn't the performance. Hammer down, I'd call this one well sold.
NEW & NOTEWORTHY
- We're feeling blue today, Miami Blue, like this 2018 911 GT3 6sp.
- Here's a rare one for you: a Japanese market sunroof-delete ROW 1993 911 Carrera 2 in a gorgeous shade of Wimbledon Green. Yes, please.
- If there's ever been a driver-quality 356 Speedster, it's this one.
AUCTIONS ENDED 11/29
2022 Porsche 911 GT3 6sp $250,250 PCARMARKET
2019 Porsche 911 GT3 RS $197,000 Bring a Trailer
1975 Porsche 911 $141,000 Bring a Trailer
2016 Porsche 911 Targa 4S $130,000 Bring a Trailer
1966 Porsche 911 Coupe $127,000 Bring a Trailer
1988 Porsche 911 Coupe $117,912 Bring a Trailer
2016 Porsche 911 Turbo Coupe $110,000 PCARMARKET
1996 Porsche 911 Cab. 6sp $74,000 PCARMARKET
1967 Porsche 912 Coupe $71,500 Bring a Trailer
2014 Porsche Cayenne Turbo S $49,750 Bring a Trailer
2008 Porsche Cayenne GTS $48,000 PCARMARKET
2004 Porsche 911 Turbo Cab. 6sp $38,800 Bring a Trailer
2001 Porsche 911 Cab. 6sp $19,911 Bring a Trailer
1987 Porsche 944 $14,500 AutoHunter
1985 Porsche 944 No Sale ACC Auctions
*Prices in Red denote a high bid and no sale
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