Good Morning! And what a morning it is! Your daily dose of the Porsche market is running late thanks to a slew of cars run through not one, but two Mecum auctions over the weekend. We're one week in and it's already time to find an intern.
THE MARKET
Sell-Through Rate: 75%
Market Volume: $2,266,066
- The weekend brought us a solid sell-through rate which includes cars sold (and not sold) at Mecum Auctions in Chicago and Chattanooga.
- With 36 cars selling over the weekend and a total market volume of $2,266,066, the VAST majority of cars were under the average sales price of just below $63,000. We'll call that the Mecum effect.
TOP SALES
1957 356A Speedster $425,000 Bring a Trailer
1997 993 Carrera Coupe X51 6sp $220,000 Bring a Trailer
2014 911 Turbo S Coupe $130,430 Bring a Trailer
1998 911 Carrera 4S 6sp $125,993 Bring a Trailer
2002 911 Turbo $95,700 Mecum
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
It's not every day that a normally aspirated 993 sells for the same money you could find a turbo for, but here we have a 1997 993 Coupe bringing all the money at $220,000.
You might be thinking maybe the car has only delivery miles or it was a celebrity-owned car, but that's not the case. What drove this car into the low $200s is what's under the hood.
You see, this particular 993 is optioned with the rare X51 engine package, an option we never saw here in the states. Checking the X51 option not only gave you a sport exhaust system and some more power but that power cam courtesy of an increase in displacement to 3.8 liters giving you 296 horsepower.
With both the 993 GT2 and 993 RS sporting 3.8-liter engines, this little 911 joins some rarified air but at a fraction of the price. So for $220,000, which would you take: the turbocharged 993 off the poster on your childhood wall, or this car that you probably didn't even know existed?
NEW & NOTEWORTHY
- Nothing screams the 1980s more than a red turbo with red wheels, which is the combo on this 1986 911 Turbo offered on AutoHunter.
- Ok, ok. Maybe this 1987 Turbo Cabriolet is a bit more 80s due to its flachbau front end. Just paint the wheels red.
- And what would be a "New & Noteworthy" section without mention of yet another 2005 Carrera GT hitting the market?
AUCTIONS ENDED 10/15-10/16
1957 356A Speedster $425,000 Bring a Trailer
1997 993 Carrera Coupe X51 6sp $220,000 Bring a Trailer
2014 911 Turbo S Coupe $130,430 Bring a Trailer
1998 993 Carrera 4S Coupe 6sp $125,993 Bring a Trailer
1996 993 Carrera 4S Coupe 6sp $125,000 Bring a Trailer
2014 911 Turbo S Coupe $115,012 Bring a Trailer
2002 996 Turbo $95,700 Mecum
1985 911 Targa $88,000 Bring a Trailer
2007 911 Turbo $84,700 Mecum
1992 911 Carrera Targa 5sp $79,900 Bring a Trailer
1987 911 Targa $78,500 Bring a Trailer
2014 911 Carrera 4S Coupe $63,500 Bring a Trailer
1964 356C Coupe $63,000 Bring a Trailer
2001 911 Turbo Coupe $61,000 Bring a Trailer
1983 911SC Coupe $60,500 Bring a Trailer
1990 911 $57,750 Mecum
2009 911 Carrera Coupe $47,500 Bring a Trailer
2009 Cayman S $47,000 Bring a Trailer
1985 911 Targa $45,500 Bring a Trailer
2004 911 Carrera 4S Cabriolet $40,700 Mecum
2018 Macan S $40,700 Mecum
1983 911 Coupe $40,700 Mecum
2018 718 Cayman 6sp $40,250 Bring a Trailer
2001 996 Cabriolet $39,600 Mecum
1989 928 S4 $38,500 Mecum
1999 996 Carrera Coupe 6sp $35,000 Bring a Trailer
2004 996 Carrera Coupe 6sp $31,250 Bring a Trailer
1976 914 $28,750 Bring a Trailer
2003 996 Carrera 4 Cabriolet $29,700 Mecum
2005 911 Carrera Coupe 6sp $27,000 Bring a Trailer
2011 Panamera S $26,400 Mecum
2001 911 Carrera Coupe 6sp $25,750 Bring a Trailer
2003 911 Carrera 4 Cabriolet $25,300 Mecum
2000 Boxster $23,100 Mecum
1973 914 $18,750 Bring a Trailer
2000 Boxster 5sp $17,543 Bring a Trailer
2003 Boxster S $13,200 Mecum
2000 Boxster $12,100 Mecum
1987 944 $11,550 Mecum
1985 944 $9,900 Mecum
1999 Boxster $6,600 Mecum
2002 Boxster No Sale Mecum
1977 911 Slant Nose Conversion No Sale Mecum
2012 911 Carerra S Cabriolet No Sale Mecum
1977 911S Targa Slant Nose Conversion No Sale Mecum
2002 Boxster No Sale Mecum
1977 930 Turbo No Sale Mecum
2018 Panamera No Sale Mecum
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