Good Morning! Well, we're back in the million-dollar club but it could've been a $2m day had a particular car sold. More on that one below.

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THE MARKET

Sell-Through Rate: 78%

Market Volume ($): $1,428,837

Market Volume (units): 23

• Oh, the swings in the market. Thanks to a solid number of units and two $300k+ cars selling yesterday our dollar volume pushed its way back up over $1m.

TOP SALES

2019 Porsche 911 Speedster $325,000 Bring a Trailer

1994 Porsche 911 Turbo 3.6 $301,000 PCARMARKET

2007 Porsche 911 Turbo Coupe 6sp $101,250 Bring a Trailer

2020 Porsche Cayenne Turbo $96,000 PCARMARKET

2014 Porsche 911 Turbo Coupe $93,500 PCARMARKET

SPOTLIGHT

PHOTO CREDIT CARS & BIDS

You had to know we'd be talking about THIS 2005 Carrera GT on Cars & Bids when it hit the New & Noteworthy section 6 days ago. It's the first SalvageTitled CGT we've seen on an online auction (other than CoPart of course). After a couple of repainted and higher mileage cars running through the Arizona sales last month giving us a floor in the softening market, we were very interested to see what kind of action this car would bring.

Not only does the car have a salvage title, but it also sports a reasonably poor repair job as body panels are still misaligned, the carbon fiber behind the seats is cracked as is the windshield, the tires have 6-year-old date codes, and it hasn't seen the inside of a service facility since 2017.

So what would you expect to pay for easily one of the worst examples of a Carrera GT to cross the auction block in memory? Well, the selling dealer had the car listed for sale for $990,000. The recent low-sale from a few weeks ago at Bonhams was for a repainted, not repaired, Carrera GT that hammered down for $935,0000. $1,023,500 with fees.

Maybe the seller was hyping the price up in hopes of attracting higher bids once the auction got started. For days the car sat at $510,000, which is more than a fair price considering. But then in the final hours, a YouTuber from Houston known for fixing broken supercars bid the car up to $600,000.... and it didn't sell.

At $510,000 this car would have been well-sold, as that is getting all the money for it. At $600,000 the car would have been EXTREMELY well-sold and if it went to anyone but the YouTuber, who could make money off of the views the rebuild would get, we'd have to check their sanity. Maybe there's a deal to be had offline. If there is, we'll definitely see a video on YT titled "We bought the cheapest Carrera GT in the US!".

NOTEWORTHY SALES

• 997 Turbo Coupes have been hovering around the $100k mark for the last year after about a 20% pop in 2021, which is exactly where this 30,000-mile 2007 example hammered down at $101,250 yesterday. At least they are predictable.
• I'll tell you what's not predictable though. 911 SC Coupes. With almost 200,000 miles, this 1982 911SC sold for $49,000. Although that seems high, cars with more mileage have sold for much higher, and cars with much less mileage have sold for quite lower.
• Remember when an excellent 912 Coupe could be had for less than $20,000? The times have quickly changed as this 1966 912 Coupe project car sold for $13,200 giving its new owner plenty of work to do over the next few years.

NEW LISTINGS

• This final year 1989 911 Cabriolet G50 sports only 44,000 miles and is finished in a classic combination of Black over Silk Grey Leather. Lots of service records and responsive owner on BaT should encourage bidders to pay up for this example.
• Another low mileage 996 C4S hits the auction block with this 2004 6-speed example having only 13,000 miles. The last one with this kind of mileage sold for $63,000, but that was back in March of 2022.
• There always seems to be an M505 Slant-Nose for sale these days but this 1987 911 Turbo Coupe in Guards Red over Champagne Special Leather has some miles on her at 114,000. While the paint looks fairly good from the photographs, the seats certainly show the mileage.

AUCTIONS ENDED 2/15

2005 Porsche Carrera GT $600,000 Cars & Bids

2019 Porsche 911 Speedster $325,000 Bring a Trailer

1994 Porsche 911 Turbo 3.6 $301,000 PCARMARKET

1957 Porsche 356A Coupe $135,000 Bring a Trailer

2007 Porsche 911 Turbo Coupe 6sp $101,250 Bring a Trailer

2020 Porsche Cayenne Turbo $96,000 PCARMARKET

2014 Porsche 911 Turbo Coupe $93,500 PCARMARKET

1996 Porsche 911 Coupe $92,100 Hemmings

356 Replica by Vintage Motorcars $83,000 Bring a Trailer

2005 Porsche 911 Turbo S Cab. 6sp $59,000 Bring a Trailer

1982 Porsche 911SC Coupe $49,000 Bring a Trailer

2014 Porsche Cayenne Turbo S $47,500 Bring a Trailer

2018 Porsche 718 Cayman $47,000 AutoHunter

2016 Porsche Cayenne Diesel $40,750 Bring a Trailer

2005 Porshe 911 C4S Coupe 6sp $38,569 Bring a Trailer

2006 Porsche Cayman S 6sp $33,500 Bring a Trailer

2013 Porsche Cayenne GTS $33,341 Bring a Trailer

2004 Porsche 911 Coupe 6sp $26,750 Bring a Trailer

1988 Porsche 944 Turbo S $23,295 Bring a Trailer

1985 Porsche 944 $19,450 Cars & Bids

1999 Porsche 911 COupe $15,996 Cars & Bids

1966 Porsche 912 Coupe $13,200 PCARMARKET

2001 Porsche Boxster 5sp $10,500 Cars & Bids

*Prices in Red denote a high bid and no sale