Good Morning! Things keep on looking strong as we inch closer to Spring. While some markets continue to look soft, especially for newer GT cars, others continue to hold steady like the 3.2-liter G50 below.
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THE MARKET
Sell-Through Rate: 80%
Market Volume ($): $1,229,622
Market Volume (units): 15
- Another strong day all around with a solid sell-through producing over $1m in sales from 15 cars on offer. Are we seeing signs of a stronger spring market? We'll really find out in a few weeks when the Amelia Island auctions kick off at the beginning of March.
TOP SALES
2019 Porsche 911 GT3 RS Weissach $246,000 Bring a Trailer
1993 Porsche 911 Speedster Widebody $230,000 Bring a Trailer
1996 Porsche 911 Turbo X50 $193,000 Bring a Trailer
1989 Porsche 911 Coupe 5sp $96,500 Bring a Trailer
2002 Porsche 911 Turbo Coupe X50 6sp $79,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
6 days ago we assumed that chopping up a perfectly good 964 Speedster for a widebody conversion was a sure way to devalue such a collectible car. But after this 1993 911 Speedster was hammered down yesterday for $230,000, which is about average for these cars, we had to dig a bit deeper to see what was going on here.
Unlike the G-body Speedsters which were available in both narrow and wide-bodied form, the 964 Speedster was not offered with wider fenders and wheels. Porsche Exclusive did produce 16 Turbo-Look Speedsters, but those are ultra-rare and command prices close to $1m. That means most wide-body Speedsters you come across are typically conversions done by Gemballa or Strosek.
Unfortunately, there is no documentation with this car as to who performed the wide-body work and why as the conversion was done early on in the car's life. The internet sleuths among us in the comment section were able to find an old listing for the car where it was stated that the conversion was done by Gemballa, but upon further inspection of the car, no Gemballa parts were found. Even if the car was converted by Gemballa, that doesn't necessarily mean that the car would be worth more.
To add to the storied past the car is being sold without a title as the seller is located in Belgium, a country that doesn't issue titles on vehicles of this age but is willing to transport the car to the US and complete the process of obtaining a GA title after it lands in Atlanta.
With recent comps around $200-250k, modifications performed by who knows, a full repaint, and promises of a title, I hope the buyer knows what they're in for. Well sold.
NOTEWORTHY SALES
- While we are used to seeing 996 Turbos with X50 power kits it's fairly uncommon to find a 993 Turbo equipped with such. This X50-equipped 1996 911 Turbo sold for $193,000, about where a non-X50 car with similar mileage would be. Are 993 Turbos softening or were bidders just used to seeing X50 listings for new cars and didn't know how special this actually was?
- Do you want to know what's not softening? The 3.2-liter G50 market with this 1989 911 Coupe 5sp sold for $96,500 yesterday on Bring a Trailer. The beautiful Guards Red over Black car sold at the top of the range for the mileage with plenty of action by multiple bidders.
- Race Cars typically don't do well at auction but the $70,000 paid for this RSR Tribute 1969 911 Coupe with a 3.0L engine was a solid number. Sold deal on both sides of the transaction.
NEW LISTINGS
- Looks like the seller is completely giving up on this 1957 356A project car after 23 years. The sale not only includes the car, already disassembled, but the dolly it sits on as well as a welding machine, some spare body parts, and a library.
- This 1,300-mile 2021 718 Cayman GT4 in Python Green is already looking strong with bids at $98,000 with 6 days to go. I have a feeling once news of the EV 718 replacement hits, these will get even stronger.
- 991.2 GT3 RS have adjusted over the last 6 months with non-Weissach cars like this 2019 example hovering around the $200-230k mark while Weissach-equipped examples fall short of $250k, even with low miles.
AUCTIONS ENDED 2/13
2019 Porsche 911 GT3 RS Weissach $246,000 Bring a Trailer
1993 Porsche 911 Speedster Widebody $230,000 Bring a Trailer
1996 Porsche 911 Turbo X50 $193,000 Bring a Trailer
1989 Porsche 911 Coupe 5sp $96,500 Bring a Trailer
2002 Porsche 911 Turbo Coupe X50 6sp $79,000 Bring a Trailer
1975 Porsche 911S Coupe 3.0L $75,000 Bring a Trailer
1969 Porsche 911 RSR Race Car $70,000 PCARMARKET
2013 Porsche 911 C2S Coupe $68,000 PCARMARKET
2014 Porsche 911 C4S Coupe $66,000 Bring a Trailer
2017 Porsche Macan GTS $52,295 Cars & Bids
1999 Porsche 911 Coupe 6sp $39,077 Bring a Trailer
2005 Porsche 911 C2S Cab. 6sp $35,250 Bring a Trailer
356 Speedster Replica $33,500 PCARMARKET
550 Spyder Replica $26,000 PCARMARKET
1975 914 2.25L 5sp $21,000 Hemmings
*Prices in Red denote a high bid and no sale
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