Good Morning! Busy day in the market yesterday, especially on Bring a Trailer where our Spotlight car left a lot of commenters scratching their heads.
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THE MARKET
Sell-Through Rate: 67%
Market Volume ($): $1,302,399
Market Volume (units): 27
- Back in the million-dollar club thanks to quite the unit volume, especially over on Bring a Trailer who offered 22 of the 27 cars on offer yesterday. Our sell-through rate dipped a bit though although there were a few cars that should have sold at the final bid prices. Some sellers need to check their reserve prices still.
TOP SALES
1977 Porsche 911S Coupe 5sp $254,000 Bring a Trailer
1993 Porsche 911 C4 30th Anniversary Edition $216,000 Bring a Trailer
2017 Porsche 911 C4S Coupe $94,500 Bring a Trailer
2018 Porsche 911 T 7sp $92,500 Bring a Trailer
1996 Porsche 911 C4 Coupe 6sp $79,500 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
It used to be that on the pre-owned market, Anniversary editions didn't command too much of a premium over standard editions. But like most 911s that are somewhat "special", over the last few years, people have begun to pay a bit of a premium to not have their standard run-of-the-mill 911 and Anniversary cars gained on their normal counterparts.
For example, the 996 40th Anniversary Edition sells for about a $10-15,000 premium over your standard 996 Carrera 2 6-speed. 991 50th Anniversary Editions are a bit more than standard 991 Carrera S' with a $50-55,000 premium. But neither of those compares to the premium paid for this 1993 911 Carrera 4 30th Anniversary Jubilee Edition, and to be honest, it just doesn't make much sense.
Our Spotlight car sold yesterday on Bring a Trailer for $216,000. That's about a $130,000 premium over your standard 964 Carrera 4. Now of course those of you who know your Anniversary Editions well will be saying "but look at the number built! They only produced about ~900 30th Anniversary Editions compared to the 1,963 units produced of both the 40th and 50th!". And you would be correct.... except for the fact that there was an even rarer 964 built after the run of 30th Anniversary cars, and that car sells for less than $200k with similar mileage.
You see, after the 964 30th Anniversary cars sold out, buyers still wanted the turbo look on their Carrera 4s. So Porsche equipped roughly 450 Carrera 4s with a Turbo-Look option sans 30th Anniversary badging.
Now typically in the Porsche world, all things being relatively equal, the lower the production number the higher the price. And when you add that our Spotlight car had 70,000 miles and was a complete repaint, that $216,000 doesn't make much sense to us. Well-sold for now, or at least until we see a few higher mileage Turbo-Looks Carrera 4s sell for close to $300k.
NOTEWORTHY SALES
- They sure don't make them like they used to anymore, especially when it comes to a Cayenne Diesel. With only 19,000 miles, this 2016 Cayenne Diesel sold yesterday for a new market high of $62,750.
- This 2018 911 Carrera T 7-speed is the first to sell this year below the $100k mark with a final market correct bid of $92,500.
- The final bid of $367,500 for this delivery mile 2019 911 Speedster was right on the money. Unfortunately, the seller wanted a bit more due to its PTS Maritime Blue paint.
NEW LISTINGS
- Here's an option you don't see often, option code 419, Luggage compartment instead of rear seats in this Guards Red over Black leather 1993 911 Turbo 3.6.
- The patina on this 1957 356A Coupe is a thing of beauty. To whoever ends up purchasing this, please please please do not restore it. We beg you.
- This 2005 Porsche Carrera GT has relatively low miles but could be a new market low due to its Matte Black Wrap, aftermarket headlights, and painted engine cover. Oh yeah, and a salvage title.
AUCTIONS ENDED 2/8
2019 Porsche 911 Speedster $367,500 Bring a Trailer
1977 Porsche 911S Coupe 5sp $254,000 Bring a Trailer
1993 Porsche 911 C4 30th Anniversary Edition $216,000 Bring a Trailer
2014 Porsche 911 Turbo Coupe $102,999 Bring a Trailer
2017 Porsche 911 C4S Coupe $94,500 Bring a Trailer
2018 Porsche 911 T 7sp $92,500 Bring a Trailer
1996 Porsche 911 C4 Coupe 6sp $79,500 Bring a Trailer
1970 Porsche 911 S Coupe 5sp $77,574 Bonhams
2003 Porsche 911 Turbo Coupe X50 6sp $77,000 Bring a Trailer
1985 Porsche 911 Turbo Cab. Slant-Nose Conversion $69,000 Bring a Trailer
2016 Cayenne Diesel $62,750 Bring a Trailer
2022 Macan S $61,500 PCARMARKET
1970 Porsche 911T Coupe 5sp $61,000 Bring a Trailer
2013 Porsche 911 Coupe $50,000 Bring a Trailer
1986 Porsche 911 Coupe 5sp $50,000 Bring a Trailer
2014 Porsche Cayenne Turbo $48,250 Bring a Trailer
1982 Porsche 911SC Targa 5sp $46,200 Bring a Trailer
2006 Porshce 911 C2S Cab. 6sp $45,000 Bring a Trailer
2013 Porsche Cayenne GTS $34,250 Bring a Trailer
1983 Porsche 911 Cab. 5sp $33,500 AutoHunter
2003 Porsche 911 C4 Cab. 6sp $33,000 Bring a Trailer
1985 Porsche 928 S 5sp $30,999 PCARMARKET
1982 Porsche 928 5sp $29,200 Bring a Trailer
2009 Porsche Cayenne GTS $27,250 Bring a Trailer
2002 Porsche 911 Coupe $22,500 Bring a Trailer
2008 Porsche Cayenne S $20,500 Cars & Bids
2005 Porsche Boxster S 6sp $18,000 PCARMARKET
*Prices in Red denote a high bid and no sale
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