Good Morning! Driving season in the Northeast is officially over after our first snowstorm of the year. But snow tires on a 911 sure can be fun.
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THE MARKET
Sell-Through Rate: 65%
Market Volume ($): $1,819,338
Market Volume (units): 23
- The Sell-through rate goes down, but dollar volume goes up, significantly yesterday thanks to a strong showing for high-dollar cars.
- Market volume is showing some strength still with market conditions not affecting the willingness of people to part with their cars. But with demand waning, will we start to see fewer cars in the market eventually?
TOP SALES
2019 911 GT2 RS Clubsport $405,000 Bring a Trailer
2019 911 Speedster $386,000 Bring a Trailer
2022 911 GT3 Touring 6sp $300,000 Bring a Trailer
2001 911 Turbo Coupe 6sp $125,000 Bring a Trailer
1986 911 Turbo Coupe $112,500 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BROAD ARROW AUCTIONS
At first glance of the auction list, Broad Arrow's upcoming Palm Beach auction looks like your normal daily auction roundup: a '00s Boxster, some '80s 911s, a delivery mileage 2022 GT4, a couple of 356s. But then, the real heavy hitters start to emerge with the top lot being the 2005 Porsche Carrera GT pictured above.
In the past 90 days, 4 Carrera GTs have failed to meet reserve with only one, this rare Guards Red example, selling at Broad Arrow's Monterey sale for $1,765,000. In the current climate, what should we expect our Spotlight car to bring?
This 3,458-mile car finished in GT Silver over Terracotta comes with a full set of factory luggage and a recent service in June of this year. Broad Arrow provides an estimate of $1.6m to $1.8m which is a little optimistic considering the last 3 GT Silver cars failed to sell with a top bid of $1,500,000.
Yes, live auctions can bring out the best in a car's hammer price fueled by a few cocktails and two bidders gunning for auction glory. But with a constant flow of similar cars at daily online auctions and a number of examples currently available on the market, I don't see this one crossing the $1.5 mark let alone hitting the low estimate.
Other notable examples to watch this weekend:
- 2016 911 R
- 1994 911 Speedster
- 1987 911 Turbo M505 Slantnose
- 1998 911 Carrera S Aerokit
With only a few high-profile auctions left in the year, this sale will be a good indication of where the higher-end market is heading before things pick back up in Paris in February.
NEW & NOTEWORTHY
- Geyser Grey and Houndstooth, that's what make this 2014 911 50th Anniversary great.
- Because every Porsche collection needs one, here's a 1954 Porsche-Diesel Tractor for all your farming needs.
- A 1991 911 Carrera Targa that WILL NOT be turned into a Singer now that they are no longer reimagining N/A 964s.
AUCTIONS ENDED 11/15
2019 911 GT2 RS Clubsport $405,000 Bring a Trailer
2019 911 Speedster $386,000 Bring a Trailer
2022 911 GT3 Touring 6sp $300,000 Bring a Trailer
1992 911 Carrera Cup USA $196,000 Bring a Trailer
2001 911 Turbo Coupe 6sp $125,000 Bring a Trailer
1986 911 Turbo Coupe $112,500 Bring a Trailer
2008 911 Turbo Coupe 6sp $90,000 Bring a Trailer
2016 Cayman GT4 $85,577 Bring a Trailer
2013 911 Carrera 4S Coupe $71,000 Bring a Trailer
2012 911 Carrera GTS Coupe $65,000 PCARMARKET
2014 Cayman 6sp $60,500 Bring a Trailer
1989 928 S4 $58,888 Bring a Trailer
2001 911 Turbo Coupe 6sp $52,505 Cars & Bids
2004 911 Carrera 40th Anniversary $48,000 PCARMARKET
2003 911 Carrera 4S Coupe 6sp $39,000 PCARMARKET
2008 Cayman S 6sp $31,750 Bring a Trailer
356 Replica $25,250 Bring a Trailer
1987 924S 5sp $17,500 Bring a Trailer
2000 Boxster S 6sp $15,500 Bring a Trailer
2002 Boxster S 6sp $14,150 Marqued
2000 Boxster 5sp $12,550 PCARMARKET
2016 Macan S No Sale ACC Auctions
1989 944 No Sale Shiftgate Auctions
*Prices in Red denote a high bid and no sale
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