Good Morning! Although we had quite a number of auctions closing yesterday things looked fairly soft, especially at the upper end of the market. But with Barrett-Jackson's No Reserve January sale kicking off this weekend, we're sure to see our sell-through rate inflated a bit soon.

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THE MARKET

Sell-Through Rate: 56%

Market Volume ($): $631,444

Market Volume (units): 18

• Quite a few cars struggled to find new homes yesterday, especially those over $100,000 as evident from the sell-through rate. Also disappointing was our dollar volume, especially with a decent unit volume. Just two sales at the top would have pushed us over $1m.

TOP SALES

1980 Porsche 911 BR by Bisimoto $124,250 PCARMARKET

1996 Porsche 911 C4S 6sp $105,000 Bring a Trailer

2008 Porsche 911 Turbo Coupe 6sp $98,000 Bring a Trailer

2003 Porsche 911 Turbo Coupe 6sp $64,194 Bring a Trailer

2008 Porsche Cayenne Turbo $57,500 Bring a Trailer

SPOTLIGHT

PHOTO CREDIT BRING A TRAILER

Porsche's 968 Club Sport is a fairly rare model with only 1,900 produced but since they were never officially offered here in the US market, the rarity of the model here is even furthered. With less than a handful of cars sold stateside in the last few years, and the majority of sales being right-hand-drive examples in the UK, it's quite a difficult car to put a number to.

The 968 Club Sport was a stripped-down version of Porsche's final iteration of the four-cylinder transaxle cars that started with the 924 in 1976. To shed approximately 200 pounds from the standard 968, the car uses manually adjustable Recaro race seats, crank windows, an airbag-less sport steering wheel, and is void of rear seats, useless plastic covers in the engine bay, and sound-deadening material. But this wasn't just an exercise in cutting out the flab either as the car utilized a revised sport suspension and larger wheels and tires.

The most recent US sales of Club Sports are this 36,000-mile example which sold for $71,500 on Bring a Trailer almost one year ago and this 45,000-mile example which sold for $80,000 in November of 2021. So at $57,000, was the 1993 968 Club Sport above a steal or a sign of a softening market?

There are two important items to note with this sale. First, like all 968 Club Sports in the US, this car's CarFax history report of having "No Accidents Reported" is absolutely useless. And with the car having gone through a full re-spray, without a thorough inspection who knows what the paint could be covering? Also, the car is being offered for sale out of New Hampshire, a state that does not issue titles for vehicles of this age, only a registration, which may hamper registering the car in your state.

With those two items to consider, the car sold at a market price, although lower than other sales we've seen over the last year or so. But looking at the prices paid for these overseas, we'd have to call this one well-sold as the seller probably made a decent profit importing and flipping the car here in the states.

NOTEWORTHY SALES

• After acquiring this 1975 911S on BaT in 2017, the seller turned a project into quite the backdate. Unfortunately, they learned the hard way that you never get your money out of these things unless it's a Singer as it failed to sell at a strong $257,000.
• Back on earth, this 1980 911 Backdate built by renowned builder Bisimoto found a new home at $124,250. Well-bought.
• There goes my theory that only Yellow 911 Ts fail to sell as this Carrera White T was bid to $92,250. A few thousand shy of the $100k we've seen these at over the past year.

NEW LISTINGS

• After a No Sale at Bonhams and a No Sale on Collecting Cars, this seller is hoping the "third time's a charm" with this 1995 911 Supercup 3.8 Race Car on Bring a Trailer.
• The circus that is Barrett-Jackson kicks off this weekend in Scottsdale with the first Porsche on the docket this terrible 356 Speedster Re-Creation.
• But not all is lost in Arizona, also on offer this weekend is this 1958 Porsche 108 Junior Tractor.

AUCTIONS ENDED 1/16

1975 Porsche 911S 3.8L Backdate $257,000 Bring a Trailer

2022 Porsche 911 GT3 6sp $225,000 Bring a Trailer

1976 Porsche 911 3.0 RS Tribute $139,000 PCARMARKET

1980 Porsche 911 BR by Bisimoto $124,250 PCARMARKET

2011 Porsche 911 Turbo S Coupe $108,000 PCARMARKET

1996 Porsche 911 C4S 6sp $105,000 Bring a Trailer

2008 Porsche 911 Turbo Coupe 6sp $98,000 Bring a Trailer

2018 Porsche 911 T 7sp $92,250 Bring a Trailer

2003 Porsche 911 Turbo Coupe 6sp $64,194 Bring a Trailer

2008 Porsche Cayenne Turbo $57,500 Bring a Trailer

1992 Porsche 968 Club Sport $57,000 Bring a Trailer

550 Spyder by Thunder Ranch $56,000 AutoHunter

2008 Porsche 911 C2S Cab. 6sp $56,000 Bring a Trailer

1988 Porsche 911 Cab. G50 $36,000 Bring a Trailer

2000 Porsche 911 Cab. 6sp $32,750 Bring a Trailer

2003 Porsche 911 Turbo $30,000 Hagerty

2001 Porsche 911 Coupe 6sp $21,250 Bring a Trailer

2005 Porsche Cayenne S $15,500 Bring a Trailer

*Prices in Red denote a high bid and no sale