Good Morning! The good news: we sold more cars than yesterday. And the bad? Well, I'm sure you'll be stunned by that sell-through rate below. Looks like buyers are waiting for that tryptophan to wear off.
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THE MARKET
Sell-Through Rate: 53%
Market Volume ($): $835,750
Market Volume (units): 15
- A 53% sell-through rate is a far cry from where we were pre-Thanksgiving. Will be interesting to see how the rest of the week shakes out.
- Our dollar volume was propped up by 2 cars accounting for over half the dollar amount.
TOP SALES
1995 Porsche 911 Supercup Race Car $309,000 Bring a Trailer
1988 Porsche 911 Turbo Cab. $217,000 Bring a Trailer
2008 Porsche 911 GT3 $138,000 Bring a Trailer
1985 Porsche 911 Targa M491 $74,000 Bring a Trailer
2009 Porsche 911 S Cab. $60,500 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
A little over two years ago, a 997.1 GT3 would rarely top the $100k mark; when it did, it was only by a few thousand dollars. Today, a 997.1 GT3 rarely drops below the $100k mark, and this one certainly didn't, selling for $138,000 on Bring a Trailer.
Many believe that the 997 generation of the 911 is the last of the true analog 911s, and the GT cars are the finest examples, naturally. Our Spotlight car, a 2008 example, is finished in Guards Red over Dark Gray leather and Alcantara and optioned with Bi-Xenons, Sound Package Plus, Heated Seats, Chrono Package, and a host of Exclusive Options.
The rarer shade and plenty of exclusive options pushed this car more than $20,000 above the median price of $115,000 even though it had a tad over 22,000 miles on the odometer. The buyer definitely paid a premium for the exclusivity to not show up to their next track day in a run-of-the-mill GT3.
All-in-all I'd call this one well sold with the buyer probably making a few dollars and having enjoyed one hell of a car over the last few years of appreciation. Is it well-bought? Depending on the mileage and timing of the next sale, we shall see.
NEW & NOTEWORTHY
- Look for big money on this super-low mileage collector-grade 1989 911 Speedster.
- And even bigger money on this 1953 356 Pre-A Cabriolet by Glaser already bid to $175,000 with 6 days to go.
- Something we haven't seen for a few weeks: a 2019 GT3 RS. With all of the delivery mileage GT3s crossing the block, we almost forgot about these.
AUCTIONS ENDED 11/28
1995 Porsche 911 Supercup Race Car $309,000 Bring a Trailer
1988 Porsche 911 Turbo Cab. $217,000 Bring a Trailer
2018 Porsche 911 GT3 $152,000 Bring a Trailer
1959 Porsche 356A Cab. $138,000 Bring a Trailer
2008 Porsche 911 GT3 $138,000 Bring a Trailer
1990 Porsche 911 Targa 5sp $102,000 PCARMARKET
1985 Porsche 911 Targa M491 $74,000 Bring a Trailer
2009 Porsche 911 S Cab. $60,500 Bring a Trailer
1964 Porsche 356C Coupe $58,000 Bring a Trailer
2006 Porsche 911 S Coupe 6sp $44,027 PCARMARKET
2006 Porsche 911 Cab. 6sp $37,250 Bring a Trailer
2001 Porsche Boxster $16,250 Bring a Trailer
1986 Porsche 944 Turbo $16,000 Bring a Trailer
1971 Porche 914 $13,000 Bring a Trailer
1990 Porsche 944 S2 Cab. $8,000 PCARMARKET
*Prices in Red denote a high bid and no sale
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