Good Morning! We were so close to a 100% sell-through rate over the weekend that it came down to the last car, a 2022 Taycan Turbo Cross Turismo. Unfortunately, the buyer and seller couldn't meet and that elusive perfect day evades us once again.
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THE MARKET
Sell-Through Rate: 92%
Market Volume ($): $1,363,250
Market Volume (units): 13
- What a strong weekend with over $1m in sales produced from only 13 cars at one auction and 1 sale away from a perfect sell-through rate. Let's see if the week continues in this direction.
TOP SALES
1994 Porsche 911 Turbo S 3.6 X83 Flachbau $505,000 Bring a Trailer
2022 Porsche 911 GT3 6sp $225,000 Bring a Trailer
1979 Porsche 911 Turbo Coupe $142,000 Bring a Trailer
2017 Porsche 911 Targa 4 GTS $118,000 Bring a Trailer
2004 Porsche 911 GT3 $93,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
Over the last two years 997.1 Carrera 4S' have enjoyed a 25% gain as the rising tide lifted all Porsche badged boats. But like all other "normal" 911s, we've seen a flattening, if not softening, of the market as of late with prices hovering at an average of $50,000 and mileage between 40-60,000 miles.
So imagine my surprise when this 106,000-mile 2008 911 C4S 6-Speed sold yesterday on Bring a Trailer for $51,500. When I first saw this auction listing last week, I didn't give it pause as it was just another high-mileage 911. But maybe I missed something. Perhaps it was modified by a reputable tuner or featured an option list with rare specs.
But no. Although nicely optioned with Turbo wheels, nothing else really stands out on the car and the only aftermarket parts are the stereo, which usually detracts from the price. Add to that an accident on the CarFax and paintwork around the vehicle and I'm still at a loss. I guess at the end of the day two people really wanted a Basalt Black 997 and got caught up in the bidding, as happens in both live, and online auctions.
Could the buyer have bought a lower mileage car for about the same amount of money? Yes. Could they have gotten into a newer 997.2 C4S for that money? Probably not. I do hope you enjoy the drive dear buyer, but this one was definitely well-sold.
NOTEWORTHY SALES
- If you were to chart out the line of 2022 GT3 prices on a graph that line would look like an arrow pointed straight down as this 2022 GT3 6-speed has set a new low at $225,000. Closer and closer to MSRP we go.
- On the other side of the spectrum, 996 GT3s continue to push upwards with the sale of this 43k-mile 2004 911 GT3 selling for a very strong price of $93,000.
- There never seems to be a lack of rare 964 Turbos crossing the auction block these days but none have been as exclusive as this one of ten 1994 911 Turbo S 3.6 X83 Falchbau produced exclusively for the Japanese market. Going to call this one well-bought at $505,000 because good luck finding another one.
NEW LISTINGS
- 912s are bringing a lot of money these days so expect a big number out of this 1967 912 Soft-Window Targa in Tangerine over black with houndstooth inserts.
- The ultimate vintage track toy? This 1972 914 is powered by a 2.2-liter 911T engine and looks the business with its 914-6 GT-like body and racing livery. The only issue we see is the car is located in Oslo, Norway. That's a big shipping bill for a car that probably won't cross the $50k mark.
- Winter is almost over but it's never too late for a project. This 1973 911S Targa fits the bill as it needs a full-mechanical refresh and restoration to see its full potential. While it won't be ready for this Spring, perhaps Spring 2025?
AUCTIONS ENDED 2/11-2/12
1994 Porsche 911 Turbo S 3.6 X83 Flachbau $505,000 Bring a Trailer
2022 Porsche 911 GT3 6sp $225,000 Bring a Trailer
2022 Porsche Taycan Turbo Cross Turismo $152,000 Bring a Trailer
1979 Porsche 911 Turbo Coupe $142,000 Bring a Trailer
2017 Porsche 911 Targa 4 GTS $118,000 Bring a Trailer
2004 Porsche 911 GT3 $93,000 Bring a Trailer
1996 Porsche 911 Coupe 6sp $86,000 Bring a Trailer
2008 Porsche 911 C4S Coupe 6sp $51,500 Bring a Trailer
2009 Porsche Cayenne Turbo S $48,250 Bring a Trailer
1999 Porsche 911 Coupe 6sp $28,750 Bring a Trailer
1992 Porsche 968 Coupe 6sp $27,250 Bring a Trailer
2001 Porsche Boxster S 6sp $22,750 Bring a Trailer
1997 Porsche Boxster 5sp $15,750 Bring a Trailer
*Prices in Red denote a high bid and no sale
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