Good Morning! And happy Friday. We didn't expect to wake up this morning with such a strong sell-through rate but we'll take it after earlier this week. To all our friends down in Florida, we hope you weathered the storm well and kept those cars on higher ground.
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THE MARKET
Sell-Through Rate: 79%
Market Volume ($): $1,446,131
Market Volume (units): 19
- No post-election hangover here. One of the strongest sell-through rates we've had in quite some time.
- But only 50% of GT cars on offer found new homes yesterday.
TOP SALES
2018 911 GT2 RS Weissach $430,000 Bring a Trailer
2010 911 GT3 $160,000 PCARMARKET
1997 911 Carrera Coupe 6sp $120,000 Bring a Trailer
1994 911 Carrera Coupe 5sp $99,999 PCARMARKET
1995 911 Carrera Cabriolet $89,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
Purchased four years ago on Bring a Trailer for $4,928, this 1978 928 5sp sold yesterday for $88,000. I know what you're thinking, this must be the flip of the century, but there's a lot to unpack here.
Back in 2018 this car was run through no-reserve with a shoddy, chipped re-spray, worn interior, and plenty of mechanical fun to put your mechanic's kid through college. Needless to say, it was a project.
Fast forward a little more than four years later, and what is offered for sale (no-reserve mind you) is an absolutely flawlessly restored example of a '70s Porsche icon with all of the right ingredients. 5sp manual, Pasha interior, perfect Metallic Silver paint, and an undercarriage you can eat off.
The majority of the restoration work was taken up by the seller and a few 928 expert friends who spent thousands of hours bringing the car back to life. Some items were outsourced to machinists and other industry experts such as gauge repair and parts were sourced and scavenged from wherever available. When you add up all of the time, parts, and sub-let work, the total comes to way more than $88,000.
So was this a steal for the buyer and a bust for the seller?
I think both parties can be very happy with this strong result. The buyer skipped the line and the bill for a restoration of their own accord and the seller got the experience of their first 928 restoration with the help of some great friends. Both are winners here in my book.
NEW & NOTEWORTHY
- Big fans here of this 2018 911 Carrera Coupe with a 7-Speed transmission in Graphite Blue Metallic.
- 2-seat, Flat-six, little purple cone eater sums up this autocross spect 1970 914-6 pretty well.
- These are getting more rare by the week, the perfect Porsche tow vehicle: 2015 Cayenne Diesel.
AUCTIONS ENDED 11/10
2018 911 GT2 RS Weissach $430,000 Bring a Trailer
2008 911 GT3 RS $205,000 Bring a Trailer
2003 911 GT2 $182,000 PCARMARKET
2010 911 GT3 $160,000 PCARMARKET
1997 911 Carrera Coupe 6sp $120,000 Bring a Trailer
1994 911 Carrera Coupe 5sp $99,999 PCARMARKET
1995 911 Carrera Cabriolet $89,000 Bring a Trailer
1978 928 5sp $88,000 Bring a Trailer
1991 911 Carrera Coupe 5sp $85,000 Bring a Trailer
1984 911 Turbo $80,000 Bring a Trailer
1965 356C Coupe $78,500 Bring a Trailer
2008 911 Carrera 4S Coupe $57,000 Bring a Trailer
2016 Cayman GTS $56,505 Bring a Trailer
2005 911 Carrera Coupe 6sp $33,750 Cars & Bids
2005 911 Carrera Cabriolet 6sp $32,000 Bring a Trailer
2005 Boxster S 6sp $30,750 Bring a Trailer
1988 944 Turbo $27,900 Bring a Trailer
1983 944 5sp $20,000 Bring a Trailer
2009 Cayenne GTS $19,377 Bring a Trailer
*Prices in Red denote a high bid and no sale
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