Good Morning! Rough day yesterday, if you were trying to sell a 911 Turbo as only 1 out of 6 cars on offer found homes. Definitely wasn't "Turbo Thursday".
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THE MARKET
Sell-Through Rate: 53%
Market Volume ($): $444,500
Market Volume (units): 15
- Things definitely haven't been steady this week as all of yesterday's metrics head back down with our sell-through rate approaching 50% and our dollar volume well below $1m. We'll see if we yo-yo back up today.
TOP SALES
1987 Porsche 911 Turbo Coupe $131,000 PCARMARKET
1997 Porsche 911 Coupe 6sp $95,500 Bring a Trailer
1987 Porsche 911 Targa 5sp $52,500
2003 Porsche 911 C4S Coupe 6sp $39,250 PCARMARKET
2002 Porsche 911 Cab. 6sp $38,000 Cars & Bids
SPOTLIGHT
PHOTO PCARMARKET
Five years ago this 1987 Porsche 911 Turbo Coupe crossed the block on Bring a Trailer with 40,274 miles and sold for $95,000. At the time, the average sales price was right around $100,000 and the mileage at which the cars dropped below was about 40,000 miles.
Fast forward 5 years and 3,000 miles, and our Spotlight car is back up for sale after being enjoyed quite sparingly by the seller. Back in 2018, nobody saw this market coming though, so it's not as if they purchased it to flip and make a quick buck. Maybe they thought there would be some appreciation, but I'm sure they were very happy when the car hammed down yesterday for $131,000.
While we have seen some examples with similar mileage sell for over $150,000 and one example with 42,000 miles fetch over $200k, those sales were earlier in the year prior to the market softening a tad. Also, although our car comes with a thick file folder filled with receipts, the rear quarter panels and front hood have been refinished and the body has a couple of small dings.
That being said, both buyer and seller can be happy here as this was a fair price for a car of this condition, with this mileage, in this market, ready to be enjoyed. What's even better is that this is the buyer's first Porsche. Welcome to the club.
NOTEWORTHY SALES
- This uber-rare final year Porsche 930 Turbo S is one of 10 cars ordered with the Special Turbo Powerkit only offered by French Porsche distributor, Sonauto. I've never seen one for sale nor has one crossed the auction block so pricing is a mystery. All we know is that it will take more than the $355,000 high bid to bring one home.
- The bids just weren't there for this 23k-mile 2001 911 Turbo Coupe 6-speed. At a high bid of $70,000, we were pretty far off from where low mileage 996 Turbos have been trading over the last few months.
- 996 Carrera 4S' have been on the rise over the last few years, much more so than the other variants of the non-Turbo 996s. So when this 2003 Guards Red example with 52,000 miles sold for $39,250 yesterday, we were a bit surprised. Very well-bought for a nice example.
NEW LISTINGS
- After seeing leaked pictures of the all-new Boxster EV this week, we're looking hard at 718 Spyders like this 2020 6-speed example finished in Chalk over Black leather and Alcantara.
- This 32k-mile 2006 Cayman S 6-speed is an excellent first-year example. If a buyer can pick this up for sub-$40,000, they'll have a ton of car for the money.
- After being pulled from two previous RM Sotheby's auctions in 2021, this 1964 356 Outlaw is trying to get a deal done online over on PCARMARKET. Let's hope the third runs a charm for this very cool little coupe.
AUCTIONS ENDED 2/9
1989 Porsche 911 Turbo S $355,000 Bring a Trailer
1987 Porsche 911 Turbo Coupe $131,000 PCARMARKET
2011 Porsche 911 Turbo S Coupe $102,000 Bring a Trailer
2015 Porsche 911 Turbo Coupe $102,000 Bring a Trailer
1980 Porsche 911 Turbo RSR Backdate $96,500 PCARMARKET
1997 Porsche 911 Coupe 6sp $95,500 Bring a Trailer
2001 Porsche 911 TUrbo Coupe 6sp $70,000 Bring a Trailer
1987 Porsche 911 Targa 5sp $52,500
2004 Porsche 911 Turbo Cab. 6sp $46,000 PCARMARKET
2003 Porsche 911 C4S Coupe 6sp $39,250 PCARMARKET
2002 Porsche 911 Cab. 6sp $38,000 Cars & Bids
1979 Porsche 911SC Coupe Project $37,250 Bring a Trailer
2011 Porsche Panamera $28,500 Bring a Trailer
1999 Porsche 911 C4 Coupe 6sp $23,000 Hemmings
2011 Porsche Cayenne Turbo $22,500 Cars & Bids
*Prices in Red denote a high bid and no sale
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