Good Morning! While the top of the market still struggles some deals were to be had for mid-engined Porsches. Plus I eat my words about modified Turbos fairly quickly. Enjoy!

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THE MARKET

Sell-Through Rate: 71%

Market Volume ($): $603,900

Market Volume (units): 17

• For the second day in a row, the top of the market produces the no-sales that would have pushed us over $1m for the day. We had a decent sell-through rate and unit volume, but it was not the day for Weissach cars.

TOP SALES

2016 Porsche 911 Targa 4 GTS $110,000 PCARMARKET

1960 Porsche 356B Roadster Track Car $82,000 Bring a Trailer

1987 Porche 911 Targa G50 $72,500 Bring a Trailer

1968 Porsche 912 Coupe $67,000 Bring a Trailer

1988 Porsche 911 Coupe Commemorative Edition $66,500 Marqued

SPOTLIGHT

PHOTO CREDIT BRING A TRAILER

While manual first generations Porsche Caymans tend to hover around the $25,000 price mark, add in a Tiptronic transmission, and the average drops about $5,000. But then start to add miles, like this 2007 Cayman with 191,000 miles, and the price heads south fast. But how far south does it go?

In the Tiptronic Cayman market, we've seen a few sales over 100,000 miles with the lowest being this example with 136,000 miles selling for a market low of $11,700 on Cars & Bids. That being said, one would expect our Spotlight car with almost 60,000 more miles to sell for much less, but not the case. It sold for $15,250 yesterday on Bring a Trailer. Why?

Well, if you follow our rule of buying a car's history and not the car when it comes to higher mileage examples, you understand. You see, our Spotlight car was a two-owner example out of California that was literally daily driven by a little old lady for the last 15 years. During her ownership, the car was meticulously maintained by Porsche Carlsbad and was most recently fully serviced by Redline Automotive in Orange, CA.

Yes, the car has stone chips, the windshield has a small crack, and the paint protection film on the sides is yellowing. But we all know we've seen rougher cars with a quarter of the miles this one has. Plus, the car is accident-free although there is no mention of previous paintwork.

So who made out in this transaction? Definitely owner #2 as she got to drive a wonderful Porsche for the last 15 years (she's 72 now BTW). And I'd have to say the buyer made out here as well. What would you rather drive for $15k? This or a clapped-out 944 or 928? Well-bought for a car that you can get in and add even more miles to. I hope we see this resurface over the next few years with another 100k on the clock.

NOTEWORTHY SALES

• Remember what I said about 90s Boxster money? This 1999 Boxster 5-Speed sold for $9,250. The first decent car we've seen in a while has slid back below the $10k floor as of late.
• Out of long-term ownership, this 1968 Porsche 912 Coupe at $67,000 proves that prices for 912's are staying fairly strong.
• Sold in May of 2019, This 1960 356B Roadster Track Car fetched $82,000 three and a half years later. Not a bad return on fun if you ask us.

NEW LISTINGS

• In our experience, modified Turbos like this 1988 911 Turbo Coupe are always difficult to live with as the factory tuned them just right. But if gobs of power is your cup of tea, this is the Turbo for you.
• With bids already over $325,000, will this 2018 911 GT2 RS Weissach be able to buck the trend of No Sales we've seen recently?
• I take back what I said above about modified Turbos. I should have added an asterisk for Ruf-modified cars like this 1997 Ruf Modified 993 Turbo.

AUCTIONS ENDED 1/17

2018 Porsche 911 GT2 RS Weissach $380,000 PCARMARKET

2019 Porche 911 GT3 RS Weissach $247,500 PCARMARKET

2016 Porsche 911 Targa 4 GTS $110,000 PCARMARKET

1960 Porsche 356B Roadster Track Car $82,000 Bring a Trailer

1987 Porche 911 Targa G50 $72,500 Bring a Trailer

1968 Porsche 912 Coupe $67,000 Bring a Trailer

1988 Porsche 911 Coupe Commemorative Edition $66,500 Marqued

1997 Porsche 911 Cab. 6sp $65,000 Bring a Trailer

1988 Porsche 928 S4 5sp $52,500 Bring a Trailer

2002 Porsche 911 C4 Cab. $39,000 Bring a Trailer

2008 Porsche 911 C2S Coupe $32,400 Cars & Bids

2003 Porsche Boxster S $25,000 AutoHunter

2003 Porsche Boxster S 6sp $25,000 Bring a Trailer

2004 Porsche 911 Cab. $20,000 Cars & Bids

2007 Porsche Cayman $15,250 Bring a Trailer

1999 Porsche Boxster 5sp $9,250 PCARMARKET

2002 Porsche 911 Turbo Coupe No Sale ACC Auctions

*Prices in Red denote a high bid and no sale