Good Morning! We're getting summer of 2021 vibes with the market up in the 80s for two days in a row. Dollar volume could use a boost but after so many days in the 50s earlier, we'll take it!
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THE MARKET
Sell-Through Rate: 88%
Market Volume ($): $944,300
Market Volume (units): 17
- Day 2 of a sell-through rate in the 80s. Last month, the market average was 59%.
- Dollar volume fell just shy of $1m as the majority of sales yesterday were well below $100,000.
TOP SALES
1994 Porsche 911 C4 Widebody $153,000 Bring a Trailer
2015 Porsche 911 GT3 $146,000 Bring a Trailer
2003 Porsche 911 Turbo X50 Coupe 6sp $101,000 Bring a Trailer
2006 Porsche 911 C2S Coupe 6sp Safari $92,000 Bring a Trailer
1986 Porsche 911 Cab. $80,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
In the "Safar all the Porsches" camp, this is a new one. A 2006 911 C2S custom-built by a highly talented fabricator. While the mechanical bits might be off the shelf, the rack, front bumper, rear bumper, and skid plates are all hand-built. Really well.
But the question remains, did the builder make out like many others who have ridden the Cayenne and 964 Safari bandwagon for the last few years? Or was this a steal by the buyer at $92,000 as the cost to recreate it would be significantly more?
Let's start with the base car—a 2006 911 C2S with 56,000 miles and a 6sp transmission. Market value would be roughly $65,000 to $75,000 based on prices over the last year. Now how much would it cost to build?
Lucky for us the builder documented all the bits and bobs that he used to create this off-road 911. Total costs for the parts on the car came to $32,673 but the seller notes that these prices are with a discount because of his shop, add about 10-20% in markup if you had someone else do it.
Car and parts alone put you above the sales price, and then there is labor. The builder estimates he has about 500 hours into the build, 200 more than he estimated it would take when he started out. (sounds like every restoration project to me). No matter what the shop rate you'd have to say that this Safari was well bought. You couldn't re-create this one-of-a-kind car for what was paid.
But for the seller, it was all about putting his idea onto the pavement, not making money. Cheers to you sir and I for one look forward to your next build.
NEW & NOTEWORTHY
- I can only imagine what this 37,000-mile 1993 911 RS America in RED will go for, although modifications might hurt the value of this one.
- This 2007 911 Carrera S is one of few cars outside of the Carrera GT to sport a Terracotta Special Leather interior. Looks good.
- Speaking of Carrera GTs, this one will sell as it is offered at No Reserve. A real test of the market and a very brave seller.
AUCTIONS ENDED 12/1
1994 Porsche 911 C4 Widebody $153,000 Bring a Trailer
2015 Porsche 911 GT3 $146,000 Bring a Trailer
2003 Porsche 911 Turbo X50 Coupe 6sp $101,000 Bring a Trailer
2006 Porsche 911 C2S Coupe 6sp Safari $92,000 Bring a Trailer
2014 Porsche 911 GT3 Cup $89,000 PCARMARKET
1986 Porsche 911 Cab. $80,000 Bring a Trailer
2001 Porsche 911 GT3 Cup $76,500 Bring a Trailer
2013 Porsche 911 C2S Cab. 7sp $70,000 Bring a Trailer
2003 Porsche 911 Turbo Coupe 6sp $60,000 Bring a Trailer
1978 Porsche 911SC Coupe $46,250 PCARMARKET
2006 Porsche 911 Cab. 6sp $43,500 Bring a Trailer
2008 Porsche 911 Coupe $37,000 Cars & Bids
2012 Porsche Cayenne $25,500 Bring a Trailer
2004 Porsche 911 40th Anniversary 6sp $25,250 Bring a Trailer
2008 Porsche 911 C4S Cab. $25,000 PCARMARKET
1962 Porsche 356B Notchback Project $21,000 Bring a Trailer
2004 Porsche Boxster $12,300 Cars & Bids
*Prices in Red denote a high bid and no sale
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