Good Morning! If you've been a reader for the last month of emails you're probably noticing that of all the online auction houses, Bring a Trailer is the only one that ends cars on weekends. Definitely has to do with the volume. But would that continue if volume starts to drop off?
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THE MARKET
Sell-Through Rate: 70%
Market Volume ($): $982,362
Market Volume (units): 27
- Solid sell-through rates from two auction houses over the weekend with Porsches from Mecum's Las Vegas Sale besting their overall no-sale rate by 20%.
- Market volume was low for the number of cars that hammered down but would have been MUCH higher had two big-dollar cars sold.
TOP SALES
PHOTO CREDIT BRING A TRAILER
1965 356SC Cabriolet $198,000 Bring a Trailer
2020 718 GT4 6sp $125,777 Bring a Trailer
1991 911 Carrera Targa $88,000 Bring a Trailer
1964 356C Coupe $81,400 Mecum
1972 911T Coupe $77,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
Will 718 GT4's ever get below $100,000? I'm not talking about the super-high mileage cars or tracked-out clubsports that we see selling under that mark already in the European market. I'm looking at normal mileage 718 GT4s, PDK or manual, any color.
After spy shots surfaced last week of the all-electric 718 Boxster testing ahead of its 2025 launch, I'm honestly not so sure. The GT4 is the version of the Cayman that we always wanted: a mid-mounted flat-6 from a 911 mated to a 6-speed transmission and GT3 bits in the suspension. Everything great about driving in a beautifully packaged body that after the next few years, we'll never see again.
Previous generation 981 Cayman GT4s still hover just a hair shy of the $100,000 mark with the few selling below $90k being high mileage cars and European clubsports. And both cars experience excellent sell-through rates even as we see other cars fail to sell more often.
I do think prices might cool off a bit over the next two years due to the economic windstorm brewing. But not cool enough to drop the average $25k to get below the $100,000 mark. And once the seriousness of the incoming all-electric Cayman replacement cements itself into our reality, expect prices to jump right back up to what we see today and beyond.
NEW & NOTEWORTHY
- Watch this be the first 718 GT4 to sell below $100k after writing the article above. Now that would be fun.
- 32,000-mile 2001 Boxster 5sp in rare Orient Red Metallic mostly seen on Turbos in the '00s.
- Garage find 1974 914 1.8 looks like a fun way to get upside-down in a car real fast.
AUCTIONS ENDED 11/12-11/13
1994 911 Turbo S 3.6 Package $875,000 Bring a Trailer
1973 911S Coupe $301,973 Bring a Trailer
1965 356SC Cabriolet $198,000 Bring a Trailer
1987 911 Turbo Cabriolet $128,000 Bring a Trailer
2020 718 GT4 6sp $125,777 Bring a Trailer
1991 911 Carrera Targa $88,000 Bring a Trailer
1964 356C Coupe $81,400 Mecum
2005 911 Turbo S Cabriolet 6sp $81,000 Bring a Trailer
1972 911T Coupe $77,000 Bring a Trailer
1984 911 Carrera Coupe M491 $61,000 Bring a Trailer
356A Replica by JPS Motorsports $57,900 Bring a Trailer
2005 911 Carrera S Coupe 6sp $55,000 Bring a Trailer
2006 911 Carrera S Coupe 6sp $42,600 Bring a Trailer
356 Replica by Vintage Speedsters $39,250 Bring a Trailer
550 Spyder Replica $39,050 Bring a Trailer
1976 912E $36,300 Mecum
2005 911 Carrera Coupe $33,500 Bring a Trailer
2000 911 Carrera Cabriolet 6sp $29,999 Bring a Trailer
2003 911 Carrera Coupe 6sp $26,400 Mecum
2002 911 Carrera Coupe $22,000 Mecum
1999 911 Carrera Coupe 6sp $20,900 Mecum
2002 Boxster S 6sp $17,236 Bring a Trailer
1999 Boxster 5sp $12,000 Bring a Trailer
1992 968 Cabriolet $8,800 Mecum
2001 Boxster 5sp $4,400 Mecum
1975 911S No Sale Mecum
2003 911 Turbo No Sale Mecum
*Prices in Red denote a high bid and no sale
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