Good Morning! For the first time since we started this newsletter, our top 2 daily online auction sales were not from Bring a Trailer. In fact, even if the 3rd highest car had sold, we still wouldn't have had a $100k sale from the powerhouse.
Did someone forward you this email? Subscribe HERE for daily Porsche market updates.
THE MARKET
Sell-Through Rate: 69%
Market Volume ($): $789,061
Market Volume (units): 16
- Solid sell-through rate for the recent market at just a hair below 70%.
- No real heavy hitters yesterday to push the market volume up over $1m but a solid showing for the few cars above the $100k mark.
TOP SALES
1991 911 Turbo RUF BTR 3.8 $153,964 PCARMARKET
1960 356B 1600 Reutter Coupe $120,000 Hemmings
1986 911 Carrera Cabriolet M491 $98,500 Bring a Trailer
2013 911 Carrera S Cabriolet 7sp $81,000 Bring a Trailer
2012 911 Carrera S Coupe $73,500 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT PCARMARKET
This 1991 Ruf modified 3.8 Turbo was sold yesterday on PCARMARKET for $153,964. At first glance, on the softer side for Ruf-modified Porsches but at 100,000 miles, was this the correct price, or was money left on the table?
The car was purchased by the current owner in 1993 with just over 4,000 miles and converted into BTR specification three years later. More modifications and tuning ensued on a trip to Pfaffenhausen in 1998 and much maintenance has been completed on the car over the decades of ownership.
What we have here is a well-maintained, higher mileage car that shows signs of use, not abuse, modified by one of, if not the, most respected tuners in the Porsche world. To recreate this car, you'd first have to start with a 100,000-mile 964 Turbo that in today's market, sits just above the $100,000 mark for a well-maintained example.
Next, you'd have to ditch the standard 3.3-liter engine and install a Ruf-built 3.8-liter BTR spec engine along with Ruf's 6-speed transmission. And if you think that this work along with tuning could be done for south of another $100,000, you'd be sorely mistaken. And since we're well above the hammer price already on this one, I'm not going to add up the extra bits.
At the end of the day, the buyer got a bargain of a car that they can enjoy without hesitation or worry about dinging the value with another minor scratch or a few more miles.
NEW & NOTEWORTHY
- No color screams 993 more than Arena Red and when on a turbo body like this 1993 911 Carrera S, expect a solid result.
- So you want to build your own version of our Spotlight BTR above? Start with this 1993 911 Turbo 3.6.
- Expect big things from this 9,700-mile Rubystone Red 1992 911 Carrera RS from Road Scholars.
AUCTIONS ENDED 11/14
1991 911 Turbo RUF BTR 3.8 $153,964 PCARMARKET
1960 356B 1600 Reutter Coupe $120,000 Hemmings
2013 911 Turbo S Cabriolet $101,000 PCARMARKET
1986 911 Carrera Cabriolet M491 $98,500 Bring a Trailer
2015 911 Targa 4S $83,000 Bring a Trailer
2013 911 Carrera S Cabriolet 7sp $81,000 Bring a Trailer
2012 911 Carrera S Coupe $73,500 Bring a Trailer
1981 911SC $68,500 Bring a Trailer
2003 911 Turbo Coupe 6sp $57,996 PCARMARKET
2003 911 Carrera 4S Coupe 6sp $48,750 Bring a Trailer
2010 Cayman 6sp $43,600 Bring a Trailer
2004 911 40th Anniversary Edition $43,000 Bring a Trailer
2005 911 Carrera Coupe 6sp $30,500 Bring a Trailer
2014 Cayenne GTS $30,250 Bring a Trailer
1989 944 S2 Coupe 5sp $28,944 Bring a Trailer
1989 944 Turbo $13,601 PCARMARKET
*Prices in Red denote a high bid and no sale
0 comments