Good Morning! Only 12 more days until Christmas so we've made a few recommendations for present delivery vehicles below just in case Santa finds himself in need of something non-reindeer-powered this year.
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THE MARKET
Sell-Through Rate: 94%
Market Volume ($): $10,169,100
Market Volume (units): 16
- While a 94% sell-through rate looks amazing, remove the blue-chip Porsches from RM's Miami sale and we have only two cars hammered down over the weekend with a 50% sell-through rate. Was it just odd timing or are listing slowing down at Bring a Trailer? Last we heard, there was still quite the wait to list your car.
TOP SALES
1988 Porsche 959SC Reimagined by Canepa $2,920,000 RM Sotheby's
2005 Porsche Carrera GT $1,655,000 RM Sotheby's
1994 Porsche 911 Turbo S 'Package' $912,500 RM Sotheby's
2011 Porsche 911 GT2 RS $753,000 RM Sotheby's
1997 Porsche 911 Turbo S $643,000 RM Sotheby's
SPOTLIGHT
PHOTO CREDIT RM SOTHEBY'S
While every car that sold at RM Sotheby's Miami sale Saturday night seemed like a high mark for a model, keep in mind that each car offered was a super-low mileage #1 collector quality car. That being said, the sale of the 1988 959SC Reimagined by Canepa for an unbelievable $2.9m was fairly shocking, even though it didn't quite hit RM's low estimate.
So what exactly is a "reimagined" 959? Well, take the 80s 959, nearly double the horsepower to 825, completely rework the suspension for superior handling, add 18-inch magnesium hollow-spoke wheels, and trim the vehicle in any color combination you can imagine. The result is a car that's worth $1m more than your standard 959.
It seems tagging the word reimagined onto anything these days produces a seven-figure result. But that's just what you'll have to pay for the engineering expertise of the man who knows Porsche's original supercar better than anyone else on the planet.
I'd imagine the seller paid less than his sales price for 959SC #003. Assuming that, this special car was well sold for sure.
NEW & NOTEWORTHY
- 20,000-mile 2004 Carrera 4S in Guards Red would make the perfect sleigh for Santa this year.
- But if Santa needs to tow a trailer, he might want to opt for this 40,000-mile Cayenne Diesel in White.
- The last delivery mileage non-GT 911 didn't fare so well, let's see what this 2022 S in Dolomite Silver Metallic brings come to the end of the week.
AUCTIONS ENDED 12/10-12/11
1988 Porsche 959SC Reimagined by Canepa $2,920,000 RM Sotheby's
2005 Porsche Carrera GT $1,655,000 RM Sotheby's
1994 Porsche 911 Turbo S 'Package' $912,500 RM Sotheby's
2011 Porsche 911 GT2 RS $753,000 RM Sotheby's
1997 Porsche 911 Turbo S $643,000 RM Sotheby's
2016 Porsche 911 R $555,000 RM Sotheby's
1994 Porsche 911 Turbo 3.6 417,500 RM Sotheby's
2008 Porsche 911 GT3 RS $390,000 RM Sotheby's
1989 Porsche 911 Speedster $368,000 RM Sotheby's
1990 Porsche 911 C4 RUF CTR $357,000 RM Sotheby's
1995 Porsche 911 RS Clubsport $324,000 RM Sotheby's
1996 Porsche 911 Turbo Coupe $313,000 RM Sotheby's
1995 Porsche 928 GTS 263,200 RM Sotheby's
1987 Porsche 911 Turbo 'Flat-Nose' Coupe $246,400 RM Sotheby's
2013 Porsche 911 Coupe 7sp Safari $96,911 Bring a Trailer
2008 Porsche 911 C2S Cab. $51,500 Bring a Trailer
*Prices in Red denote a high bid and no sale
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