Good Morning! Yesterday was opposite day! Where our market volumes seemed to switch and 2022 examples sold rather than their similarly specced older examples. More below.
Did someone forward you this email? Subscribe HERE for daily Porsche market updates.
THE MARKET
Sell-Through Rate: 60%
Market Volume ($): $643,429
Market Volume (units): 15
- Where Monday was a low day for unit volume but a great day for dollar volume, we have the opposite in yesterday's market with 15 cars only bringing just over $600,000.
TOP SALES
2017 Porche 911 Targa 4S $121,250 PCARMARKET
2020 Porsche 911 C2S Cab. 7sp $115,000 PCARMARKET
2022 Porsche 718 Boxster Spyder 6sp $114,718 Cars & Bids
1972 Porsche 911T Targa $100,500 PCARMARKET
1986 Porsche 911 Cab. M491 $81,911 PCARMARKET
SPOTLIGHT
PHOTO CREDIT HAGERTY AUCTIONS
While the 911 restomod market remains fairly hot with Singers bringing over $1m and GS Manufaktur builds making their mark in the $200s, one would think that a car built by the famous Urban Outlaw, Magnus Walker, would sell. Unfortunately, the car failed to find a new outlaw with bids reaching $140,000 resulting in a no-sale.
Our Spotlight car, the 1974 911 pictured above, was built by Magnus Walker in the early 2000s to hark back to the '70s Porsche GT racing days with RS 3.0 racing bumpers, RSR style bolt-on fender flairs, "IROC" blue paint, and host of racing modifications to make this a fun track day toy.
Out of Walker's ownership, the car made its way to Europe where it starred in the film "Rotterdam Outlaw" and underwent a complete overhaul of the 3.2-liter engine and 915 transmission. Unfortunately, though, the car has found its way back to the US a little worse for wear as the mismatched rear tires are down to the wear bars, the sunroof is inoperable, and the odometer is no longer working although it is noted that this will be fixed prior to delivery to a new owner.
The mid-70s 911 Racecars typically trade hands around the $50k mark with the highest price achieved this year being $100,000 for a very nice SCCA race build. At $140,000, I think this was all the money the seller was going to get. YouTube fame, an Urban Outlaw sticker, and a signature couldn't sell this one.
NOTEWORTHY SALES
- Wondering why this 2021 718 Spyder finished in Chalk over Black failed to sell for $108,000? Some say market shift.
- But then you have this Chalk over Black 2022 718 Spyder selling for $114,718 in almost identical specs. Same bidder? Conspiracy!
- We never realized just how many 356 Replicas were out there like this example by Vintage Speedsters until starting this newsletter. Seems a week doesn't go by without one listed.
NEW LISTINGS
- This 1 of 200 2019 Porsche 911 Turbo S Exclusive Series is finished in Agate Gray Metallic, not your typical Exclusive Series color. And it looks hot.
- Want 2.7 RS vibes without the high seven-figure price tag? Then take a look at this modified 1968 912 Coupe 5sp for all the looks but no go.
- We're suckers for a blue interior and this low-mileage 1997 911 Coupe delivers Arctic Silver Metallic over Midnight Blue leather. Another great color combo.
AUCTIONS ENDED 1/3
1974 Porsche 911 Coupe Modified $140,000 Hagerty Auctions
2017 Porche 911 Targa 4S $121,250 PCARMARKET
2020 Porsche 911 C2S Cab. 7sp $115,000 PCARMARKET
2022 Porsche 718 Boxster Spyder 6sp $114,718 Cars & Bids
2021 Porsche 718 Boxster Spyder 6sp $108,000 Bring a Trailer
1972 Porsche 911T Targa $100,500 PCARMARKET
1988 Porsche 911 Turbo Cab. $92,500 PCARMARKET
2002 Porsche 911 Turbo Coupe 6sp $87,000 Bring a Trailer
1986 Porsche 911 Cab. M491 $81,911 PCARMARKET
1993 Porsche 911 Coupe Modified $65,000 Hagerty
356 Speedster Replica by Vintage Speedsters $49,100 Bring a Trailer
2001 Porsche 911 C4 Coupe 6sp $31,000 PCARMARKET
2002 Porsche Boxster 5sp $24,000 Bring a Trailer
2013 Porsche Cayenne Diesel $22,750 Bring a Trailer
1983 Porsche 944 5sp $14,200 PCARMARKET
*Prices in Red denote a high bid and no sale
0 comments