Good Morning! The big guns ran through Mecum this weekend and although there was quite some fanfare, the Star Car failed to sell. We break down the no-sale in today's Spotlight below.
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THE MARKET
Sell-Through Rate: 76%
Market Volume ($): $1,479,887
Market Volume (units): 26
- Solid weekend thanks to a 100% sell-through rate on Bring a Trailer and a decent volume of cars running through Mecum. Had our Spotlight car sold, we would have had a stellar dollar volume.
TOP SALES
2019 Porsche 911 Speedster $363,000 Mecum
2019 Porsche 911 Turbo S Coupe $205,911 Bring a Trailer
1997 Porsche 911 C4S 6sp $156,000 Bring a Trailer
2019 Porsche Panamera Turbo $121,000 Mecum
1989 Porsche 911 Targa $101,200 Mecum
SPOTLIGHT
PHOTO CREDIT MECUM
Sometimes the venue makes the sale and sometimes the venue breaks the sale. In this case, this was the wrong venue for such a historic Porsche race car. Now I'm not saying that Mecum is the wrong auction house, but the seller should have waited for Mecum Monterey if the option were there. But in this case, the 1959 RSK above was part of a greater collection and went unsold as a Star Car in Kissimmee.
The car, one of seven RSKs built to convert between a center seat configuration and a more traditional offset configuration has plenty of racing history with a 1st overall at the 1959 Leopoldville Grand Prix and a 3rd in class and 6th overall in the 1960 Buenos Aires Grand Prix. As part of the Rick Grant collection for over 30 years, the car was campaigned in vintage racing and racked up many awards including a class win at Amelia Island.
So let's say the right venue, in the right city, what would this car bring? The most recent sale of an RSK was at $4,300,000. This was for a factory race car with Le Mans and Targa Florio history. So consider this the peak. The other car sold in the last year had a bit more of an extensive race history than our Spotlight car and sold for $2,975,000.
But since our Spotlight car is one of only 7 RSKs that were originally built for single-seater use, I'd say it would still be up there with our $2.9m car. Maybe $3.5 if there were two very enthusiastic bidders in the room, but I don't think it would have hit the high estimate of $4m, even at the perfect venue on a perfect day. I do hope the car finds a new home with another caretaker who will continue to race it as Rick Grant did over the years.
NOTEWORTHY SALES
- Selling towards the low end of its estimate, this 2019 911 Speedster still brought solid money at $363,000 and was the top lot of the weekend after going unsold at $330,000 at Mecum's last auction.
- First-generation Porsche Caymans are looking like a great buy right now. Especially this 2008 Cayman S 6sp which sold for just over $30,000.
- Normally we're not fans of aftermarket wheels but the 20" wheels on this Chalk 2019 911 Turbo S look perfect. Apparently, a number of bidders thought so as well since the car sold for over $200k.
NEW LISTINGS
- Although finished in a rare shade of Fayence Yellow, this 2005 Carrera GT has over 16,000 miles and was reported stolen at one time and repainted its original color upon recovery. What's that do to a price?!
- A beautiful 1972 911E Targa finished in Metallic Blue over Black leather looks like the perfect driver come spring.
- Or perhaps you fancy yourself more of a modern driver? Then this Miami Blue 2017 911 Targa 4S ought to do the trick.
AUCTIONS ENDED 1/7-1/8
2019 Porsche 911 Speedster $363,000 Mecum
2019 Porsche 911 Turbo S Coupe $205,911 Bring a Trailer
1997 Porsche 911 C4S 6sp $156,000 Bring a Trailer
2019 Porsche Panamera Turbo $121,000 Mecum
1989 Porsche 911 Targa $101,200 Mecum
1988 Porsche 911 Coupe $88,000 Mecum
2016 Porsche Cayman GTS $62,700 Mecum
1980 Porsche 911SC $60,500 Mecum
2006 Porsche 911 C2S 6sp $48,750 Bring a Trailer
2001 Porsche 911 Turbo $46,200 Mecum
1967 Porsche 912 Coupe 5sp $45,912 Bring a Trailer
2005 Porsche 911 Cab. $34,100 Mecum
2008 Porsche Cayman S 6sp $30,500 Bring a Trailer
2005 Porsche Boxster S $27,000 Bring a Trailer
1990 Porsche 944 S2 Cab. $22,550 Mecum
1975 Porsche 911 Cab. $18,700 Mecum
1972 Porsche 914 $17,914 Bring a Trailer
2000 Porsche Boxster $17,600 Mecum
2004 Porsche Cayenne S $12,350 Bring a Trailer
2002 Porsche 911 Turbo No Sale Mecum
1984 Porsche 911 Turbo No Sale Mecum
1970 Porsche 911T Coupe No Sale Mecum
2005 Porsche 911 C2S No Sale Mecum
2007 Porsche 911 Turbo No Sale Mecum
1959 Porsche 718 RSK Spyder No Sale Mecum
*Prices in Red denote a high bid and no sale
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