The Stuttgart Market Letter by Stuttgart Market Letter

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Welcome to Miami

Will the lack of crypto bros at this years Art Basel in Miami soften prices?

Good Morning! Today we take a look at the "Youngtimer" market for all of you, you know, young-timers.


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THE MARKET

Sell-Through Rate: 60%

Market Volume ($): $1,158,595

Market Volume (units): 20



TOP SALES

1952 Porsche 356 Cab. by Glaser $256,000 Bring a Trailer

2019 Porsche 911 GT3 RS Weissach $205,000 PCARMARKET

1996 Porsche 911 C4S 6sp $155,000 Bring a Trailer

2008 Porsche 911 Turbo Coupe 6sp $131,000 Bring a Trailer

1973 Porsche 911E Targa $104,000 Bring a Trailer


SPOTLIGHT

image

PHOTO CREDIT RM SOTHEBY'S


As the major auction season winds to a close, RM Sotheby's is launching its first of what they plan to be an annual Miami sale during Miami's art week, better known as Art Basel. But will the absence of crypto bros lead to price declines in a collection of "youngtimer" Porsches?


Youngtimer has become what is known as cars from the 80s through the early to mid-2010s, the last of the analog cars. For Porsche, this is where we've seen some of the greatest increases in prices over the last few years as online auctions have become more and more prevalent, and those who grew up with these cars on the screensavers and desktops (the new posters) have started to come into their main earning years.


One particular car to watch is the 1988 959"SC" reimagined if you will by Canepa pictured above. Bruce Canepa, the originator of Show and Display and the first registered importer of 959s, has taken the 80s icon and comprehensively and significantly upgraded the car into the Supercar it should have been. This example will be the first example to change hands in public and with an estimate of $3-3.5m, it would set a high water mark for such cars going forward.


Other Porsches offered during the upcoming sale:





NEW & NOTEWORTHY


AUCTIONS ENDED 12/5

1952 Porsche 356 Cab. by Glaser $256,000 Bring a Trailer

1989 Porsche 911 Speedster $207,000 Bring a Trailer

2019 Porsche 911 GT3 RS Weissach $205,000 PCARMARKET

1996 Porsche 911 C4S 6sp $155,000 Bring a Trailer

2008 Porsche 911 Turbo Coupe 6sp $131,000 Bring a Trailer

1973 Porsche 911E Targa $104,000 Bring a Trailer

2021 Porsche Boxster 25 Years $94,000 Bring a Trailer

1990 Porsche 911 C4 Coupe 5sp $86,000 PCARMARKET

1964 Porsche 356C $72,000 Bring a Trailer

2005 Porsche 911 Turbo S Cab. $50,500 Bring a Trailer

1985 Porsche 911 Targa $47,595 Bring a Trailer

2008 Porsche Cayman S Design Edition $47,500 Bring a Trailer

1991 Porsche 911 C2 Coupe $40,500 The Market by Bonhams

2004 Porsche 911 C4S Cab. 6sp $40,000 Cars & Bids

2006 Porsche 911 C4 Cab. $38,250 Bring a Trailer

2009 Porshe Cayenne Turbo S $37,250 Bring a Trailer

2007 Porsche Cayman S 6sp $30,750 Cars & Bids

2014 Porsche Cayenne GTS $21,500 PCARMARKET

2000 Porsche Boxster 5sp $18,500 Bring a Trailer

1983 Porsche 944 5sp $12,000 PCARMARKET


*Prices in Red denote a high bid and no sale

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