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
- Unit volume and dollar volume are both up after a sluggish weekend but...
- Dollar volume could have been so much more as our sell-through rate just hit 60%.
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
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:
- 1995 Porsche 928 GTS
- 1987 Porsche 911 Turbo 'Flat-Nose' Coupe
- 1994 Porsche 911 Turbo 3.6
- 1996 Porsche 911 Turbo Coupe
- 2008 Porsche 911 GT3 RS
- 2005 Porsche Carrera GT
- 1995 Porsche 911 Carrera RS Clubsport
- 2016 Porsche 911 R
- 1990 Porsche RUF CTR Carrera 4
- 1989 Porsche Speedster
- 1997 Porsche 911 Turbo S
- 2011 Porsche 911 GT2 RS
- 1994 Porsche Turbo S 'Package'
- 2007 RUF Rt12
NEW & NOTEWORTHY
- We're starting to see quite a few 2022 Boxster 25 Years hit the online auctions. We'll see if this one sells though.
- Might there be a deal to be had on this 80,000-mile 1991 911 Turbo? Even with higher miles, we expect big numbers.
- Interesting 2014 911 Turbo in the "style of" a GT2 RS has been a regular on the online auction scene with a previous no-sale and a deal last year.
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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