Good Morning! Change is on the horizon for the Stuttgart Market Letter! Unfortunately, that change took our website down last night, but we're working on it. But even technical difficulties can't stop our excitement for what's to come. And three more sleeps until Amelia Island!
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THE MARKET
Sell-Through Rate: 80%
Market Volume ($): $1,159,154
Market Volume (units): 15
- A solid weekend full of results with 13 out of 15 cars sold for over $1m. This time next week however we might have our largest weekend update yet.
TOP SALES
1987 Porsche 911 Turbo Coupe M505 Slant Nose $235,000 Bring a Trailer
1994 Porsche 911 Speedster $185,000 Bring a Trailer
1996 Porsche 911 C4S 6sp $164,993 Bring a Trailer
2002 Porsche 911 GT2 Track Car $125,000 Bring a Trailer
2021 Porsche 911 C2S Coupe 7sp $124,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
We’ve seen plenty of M505 Slant Nose 911 Turbos cross the auction block as of late but this most recent sale of a 1987 911 Turbo Coupe with the M505 option caught our eye because, amid the slew of congratulations in the comments, we saw quite a few “well-bought” comments as well. But was it? |
Our Spotlight car, a later 3.3-liter turbo, is finished in a classic color combination of Silver Metallic over Black leather. It is fitted with optional front sport seats, 16” Fuchs allow wheels, a sunroof, and a limited-slip differential. With 45,000 miles on the odometer, it’s not a low-mileage cream puff but not grouped into the higher mileage bucket either. |
Even with some use, the car presents very well with paint in excellent condition and an interior that looks as it should, with not too much wear. But speaking of paint, even though the car has a clean CarFax history paint meter readings appear to be fairly high on the driver’s side fender indicating some work was done although not mentioned in the listing. |
Recent sales with similar mileage have been in the $120,000 range with one car hitting a high of $130,000. But this Slant Nose managed to bump the mid-mileage high another $5k selling for $135,000 yesterday on Bring a Trailer. So well-bought, that I’m not so sure of. But with three bidders in at the end and a buyer who was after this color in particular, I guess I’m not surprised that this Turbo reached a new high. Plus it’s in a classic color combination as opposed to the White and Red of other cars sold recently with this mileage. |
I’d call this one a fair deal where both parties can be happy with the price and the new owner now has the matching classic to their 2008 TechArt Turbo. |
NOTEWORTHY SALES
- We haven't seen a price this strong for a 993 C4S since last September. This one-owner 1996 example with 54,000 miles sold for $164,993 over the weekend on Bring a Trailer. Top dollar for a 50k-mile car as we're sure there aren't many original owner 993s left.
- Bought at the bottom of the market over 10 years ago and converted into a track car, this 2002 911 GT2 sold for strong money at $125,000, which dwarfs any previous high for a modified GT2 sold at auction in the last five years.
- Easily one of the nicest G-bodies we've seen cross the block, this 1980 911SC Targa sold for $72,911 and although it's the first car to cross $70k in about 4 months, this one was worth it. Well-bought.
NEW LISTINGS
- Finished in Glacier White over Light Gray (white) Leather, this 1998 911 Turbo features the rare factory XLC Turbo Power Kit which bumped power to around 450hp. With that white interior, we highly suggest leaving the kids out of this one.
- We're always suckers for Blue interiors here, and this 4,400-Mile 2014 Cayman S 6-Speed finished in White over Yachting Blue leather looks amazing.
- This rare factory-supplied "sports purpose" 1968 911 S Coupe is the star of RM Sotheby's upcoming Amelia Island sale for us. For those not familiar with the "sports purpose" cars, they are cars equipped from the factory with racing goodies from Porsche's Sports Purpose Handbook. Often copied by vintage racers nowadays, we're excited to see what an original fetches here later this week.
AUCTIONS ENDED 2/25-2/26
1987 Porsche 911 Turbo Coupe M505 Slant Nose $235,000 Bring a Trailer
1994 Porsche 911 Speedster $185,000 Bring a Trailer
1996 Porsche 911 C4S 6sp $164,993 Bring a Trailer
2002 Porsche 911 GT2 Track Car $125,000 Bring a Trailer
2021 Porsche 911 C2S Coupe 7sp $124,000 Bring a Trailer
2016 Porsche 911 Targa 4S $115,000 GAA
2009 Porsche 911 Turbo Coupe $93,000 Bring a Trailer
1980 Porsche 911SC Targa $72,911 Bring a Trailer
1987 Porsche 911 Coupe G50 $63,500 Bring a Trailer
2013 Porsche 911 Cab. $48,000 Bring a Trailer
1978 Porsche 911SC $45,250 Bring a Trailer
2011 Porsche Cayenne Turbo $38,000 Bring a Trailer
1961 Porsche-Diesel Junior 108 Tractor $26,250 Bring a Trailer
2003 Porsche Boxster S 6sp $16,500 Bring a Trailer
1980 Porsche 928 $15,000 Bring a Trailer
*Prices in Red denote a high bid and no sale
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