Good Morning! A 356 that would love to drive and a 356 replica we'd hate to see. That and much more in this morning's Stuttgart Market Letter. Enjoy the day!
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THE MARKET
Sell-Through Rate: 83%
Market Volume ($): $765,509
Market Volume (units): 12
- Looks like our streak of $1m days has come to an end despite a strong sell-through rate yesterday from 12 cars. Just one of the two no-sales would have doubled the dollar volume had it sold though. More on that is below.
TOP SALES
2018 Porsche 911 GT3 6sp $181,000 Bring a Trailer
1961 Porsche 356B 1600S Roadster $181,000 Bring a Trailer
2021 Porsche 718 Boxster GTS 6sp $96,999 PCARMARKET
2011 Porsche 911 Turbo Coupe $85,500 Cars & Bids
2006 Porsche 911 C4S Coupe 6sp $55,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT PCARMARKET
When I said "thanks to sellers with reasonable reserves" yesterday I didn't think it would take less than 24 hours for me to eat my words. Yet here we are. In recent months, here in the US, we haven't seen a 4.0 RS cross the auction block with the last car sold being an auction record 1,800-mile example finished in Black at Broad Arrow's Monterey auction that hammered down for $885,000. With that as the most recent comp, it seems that the seller of this 2011 GT3 RS 4.0 thought that their car was worth the same.
Yes, our Spotlight car had ultra-low miles at just 202. A bit lower than the world-record car. But, there are plenty of low-mileage RS 4.0s out there, especially ones finished in the standard color of White. Out of the 600 units produced, only 36 were painted Black, making color a much more important factor when considering a 4.0 than the numerous low mileage cars.
If we really wanted to put a number on this car, we'd look at where other sub-1,000-mile cars have sold in the last year. In July of 2022 a 965-mile example sold for $706,000 and before that, a 462-mile example was bid to $715,000 without finding a buyer. So with a final bid of $785,250, our bidder was right on the money, if not a little heavy, for a 200-mile car. I mean what's the difference between 200, 400, and 900 anyway?
The seller has the car listed in PCARMARKETS Deal Tank for, you guessed it, $885,000. But sit there it will. Could this car be worth that much at some point? Probably in the next rally. But by then we will see $1m out of a low-mileage Black example or better yet, one of the rare PTS cars.
NOTEWORTHY SALES
- This slightly modified 1.9-liter 1961 356B 1600S Roadster features an older restoration that still presents well, upgraded carbs & electrical system, and a set of 15" Technomagnesio wheels. A beautiful driver and club concourse contender, this car was well-bought at $181,000.
- Resale Red, factory wing, and Sport Chrono package most likely helped this 2006 911 C4S Coupe 6-speed cross the $50k ceiling and hammer down at $55,000. Well-sold here.
- Offered on Bring a Trailer just 11 days ago, this 2021 Boxster GTS 6-speed failed to sell at a high bid of $96,999. Yesterday it sold on PCARMARKET for...... $96,999. The market has spoken and GTS' are sub-$100k cars.
NEW LISTINGS
- We can only imagine how mean this modified 2014 Cayman 6-speed sounds. Not only does it look good on 18" Forgeline wheels, but other work includes a Guard limited-slip differential, a StopTech Racing brake kit, Bilstein coilovers, Tarrett Engineering sway bars, a Fabspeed exhaust system, and headers, and an IPD intake plenum and throttle body.
- Who wouldn't want to put this uber-rare 6-speed manual 2012 Porsche Cayenne in their driveway? It might not be as rare as the manual Trannsyberia, but I bet it is 1/4 the price for a 6-speed SUV.
- Vintage Speedsters usually makes a replica 356 that's fairly true to the original. But this time they took things in a different direction with this 356 Speedster replica widebody on modern wheels. We'll let you be the judge.
AUCTIONS ENDED 2/7
2011 Porsche 911 GT3 RS 4.0 $785,250 PCARMARKET
2018 Porsche 911 GT3 6sp $181,000 Bring a Trailer
1961 Porsche 356B 1600S Roadster $181,000 Bring a Trailer
2021 Porsche 718 Boxster GTS 6sp $96,999 PCARMARKET
2011 Porsche 911 Turbo Coupe $85,500 Cars & Bids
2006 Porsche 911 C4S Coupe 6sp $55,000 Bring a Trailer
2008 Porsche 911 Coupe 6sp $54,000 PCARMARKET
2004 Porsche 911 Turbo Cab. 6sp $49,250 Cars & Bids
2019 Porsche Cayenne $47,010 Cars & Bids
2009 Porsche Boxster $25,500 Bring a Trailer
1976 Porsche 914 2.0 5sp $25,000 PCARMARKET
1987 Porsche 944 Turbo $14,500 Bring a Trailer
*Prices in Red denote a high bid and no sale
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