Good Morning! Let's play a game. Name a car that you can drive over 100,000 and then sell for more than it's original MSRP? Answer below.
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THE MARKET
Sell-Through Rate: 88%
Market Volume ($): $1,559,680
Market Volume (units): 17
- After two days in the 50s, buyers returned from Thanksgiving break to push the sell-through rate past our normal 70s and into the 80s.
- Dollar volume was back up past $1m thanks to a 1973 Carrera RS topping $700,000.
TOP SALES
1973 Porsche 911 Carrera RS Touring $700,911 Bring a Trailer
2018 Porsche 911 GT3 Touring 6sp $212,911 Bring a Trailer
1997 Porsche 911 S Coupe 6sp $118,000 Bring a Trailer
2019 Porsche Cayenne Turbo $81,000 PCARMARKET
2002 Porsche 911 Turbo Coupe 6sp $73,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
To answer the question above, that car would be a 1997 993 Carrera S in Speed Yellow.
In preparing for today's market letter, I had to do a double take when I saw the price and then mileage for today's Spotlight car: 116,000 miles and $118,000. It must be modded by Ruf. Nope. Famous owner? Nope. 8 kilos of cocaine stuffed in the fenders? Nope.
Just a normal run of the mill low production widebody air-cooled 911 in an excellent color combo and yellow seatbelts before colored seatbelts were cool. So what gives?
When looking at past sales, we have a car with close to 200,000 miles that sold for a hair less than $100k. And then earlier this year a 91,000-mile car sold for $108,000. For two bidders to get into a tussle gunning for a very well-maintained car in a not-so-ordinary color and pay top dollar is not so far fetched. But at $118,000 with that kind of mileage we have to call this one very well sold.
NEW & NOTEWORTHY
- BK Auctions kicks things off with a host of GT3s and this modified 2018 Cayman S.
- Dreams of driving a 909 Bergspyder out of reach? Well today is your lucky day with this Bergspyder recreation on BaT.
- 9,000 mile 1994 911 Turbo S 3.6. There's really nothing else to say about this unicorn.
AUCTIONS ENDED 11/30
1973 Porsche 911 Carrera RS Touring $700,911 Bring a Trailer
2018 Porsche 911 GT3 Touring 6sp $212,911 Bring a Trailer
1997 Porsche 911 C2S Coupe 6sp $118,000 Bring a Trailer
2019 Porsche Cayenne Turbo $81,000 PCARMARKET
2002 Porsche 911 Turbo Coupe 6sp $73,000 Bring a Trailer
1985 Porsche 911 Coupe $60,250 PCARMARKET
1994 Porsche 928 GTS $55,000 Bring a Trailer
2006 Porsche 911 C4S Coupe 6sp $53,500 Bring a Trailer
1995 Porsche 911 Cab. 6sp $53,500 Bring a Trailer
356 Speedster Replica $50,000 Bring a Trailer
2013 Porsche Cayenne GTS $38,250 Bring a Trailer
2003 Porsche 911 C4 Cab. 6sp $26,500 Bring a Trailer
2016 Porsche Cayenne $25,000 Cars & Bids
2013 Porsche Cayenne S $23,958 Bring a Trailer
1976 Porsche 914 2.0 $23,900 Bring a Trailer
2005 Porsche Boxster 5sp $19,000 PCARMARKET
2000 Porsche Boxster 5sp $17,500 Bring a Trailer
*Prices in Red denote a high bid and no sale
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