Good Morning! I hate to say "I told you so", but I told you so. In 24 hours we have a 964 Carrera RS market update that's spot on. Plus, a 911T Targa if you're bored and have some time (and money) on your hands and a potential fun car for not a lot of money. Read on!
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THE MARKET
Sell-Through Rate: 75%
Market Volume ($): $1,082,606
Market Volume (units): 16
- All it takes is one heavy hitter to put an average day above $1m. And thanks to only two Porsche running through Mecum yesterday, our sell-through rate didn't tank.
TOP SALES
1992 Porsche 911 RS Clubsport $401,000 Bring a Trailer
2015 Porsche 911 Turbo S Cab. $131,500 Bring a Trailer
2020 Porsche 911 C2S Coupe $111,992 PCARMARKET
1988 Porsche 911 Coupe G50 $82,500 Bring a Trailer
1991 Porsche 911 Coupe $65,964 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
Yesterday's lackluster results from Mecum were capped off by selling only 1 car, a 1999 Porsche 911 Coupe 6sp with 57k miles in Arctic Silver with large wheels and lowered suspension that sold for $21,450. The car above, a 2001 911 Coupe with 82,000 miles finished in Black over Black sold for $31,750. Over $10,000 more for a car with over 20,000 more miles. Why?
Well, the eagle-eyed among you might have noticed that the front end looks slightly different, as do the side skirts. And is that a wing back there? Yes, our spotlight car has a factory Aerokit and 18" Sport Techno Wheels and although it is also modified, it is done so tastefully with a Billy Boat exhaust system, aftermarket lowing springs, and a Pioneer head unit.
GT3 looks on a budget for sure, and it probably doesn't sound too bad either as Billy Boat makes a high-quality exhaust. I do believe, however, that had the car been fitted with the stock suspension (or Bilsteins or Ohlins) and a factory head unit, we might have seen closer to $35,000 as Aerokit cars tend to push the upper limit of 996's even with some miles.
But those things can be changed and if this style of factory wheel isn't your cup of tea, they can easily be sold and the money earned put toward a set that you like. With that in mind, I think the buyer made out well in the sale and others seem to agree, especially two early bidders who missed the last 30 minutes of bidding action. Well bought for sure.
NOTEWORTHY SALES
- Sometimes a deal can still be had after an auction ends and there was nobody bidding against the potential buyer. Such is the case for this 1979 928 5sp that looks like it will sell after all when you read through the comments.
- Remember yesterday when I wrote about color and lightweight being the driving factors in the 964 RS market? This 1992 911 RS Clubsport in Rubystone Red sold yesterday for, wait for it, $401,000.
- We were just getting used to seeing 944's selling in the low teens and then BAM! This 1987 944 Turbo 5sp brings a well-deserved $52,000. Beautiful example and well done to both parties.
NEW LISTINGS
- While we've seen a number of low-mileage 996 C4S Coupes run through over the last few weeks we haven't seen a Cabriolet, until now. This 14,000-mile 2004 Porsche 911 C4S Cab. 6sp ends next week on BaT.
- Looking for a fun project to suck your wallet dry instead of the markets? Then look no further than this no reserve 1970 Porsche 911T Targa.
- Expect this first year of the new generation 2005 Boxster S 6sp to be a great buy in Atlas Grey over Stone with 55,000 miles.
AUCTIONS ENDED 1/5
1992 Porsche 911 RS Clubsport $401,000 Bring a Trailer
2015 Porsche 911 Turbo S Cab. $131,500 Bring a Trailer
2020 Porsche 911 C2S Coupe $111,992 PCARMARKET
1988 Porsche 911 Coupe G50 $82,500 Bring a Trailer
2014 Porsche 911 C2S Coupe $72,200 PCARMARKET
1991 Porsche 911 Coupe $65,964 Bring a Trailer
2012 Porsche 911 C2S Coupe $63,000 PCARMARKET
2004 Porsche 911 Turbo Coupe 6sp $61,500 Bring a Trailer
1987 Porsche 944 Turbo 5sp $52,000 Bring a Trailer
356 Replica by JPS Motorsports $51,000 Bring a Trailer
2001 Porsche 911 Coupe 6sp $31,750 Bring a Trailer
1979 Porsche 928 5sp $20,500 PCARMARKET
1985 Porsche 928S $16,100 Bring a Trailer
1984 Porsche 944 5sp $14,300 Mecum
1984 Porsche 944 5sp $14,000 AutoHunter
1987 Porsche 911 Cab. No Sale Mecum
*Prices in Red denote a high bid and no sale
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