Good Morning! Sometimes you just have to send in a ridiculous bid to let others know you mean business and you're not stopping until the car is yours. That solid power move or great luck for the seller?
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THE MARKET
Sell-Through Rate: 62%
Market Volume ($): $1,414,513
Market Volume (units): 21
- Solid dollar volume yesterday off of a low sell-through rate thanks to two cars, in particular, making up half that $1.4m in sales. Heavy hitters carried their weight yesterday.
TOP SALES
2022 Porsche 911 Turbo S Coupe $400,000 Bring a Trailer
2018 Porsche 911 GT2 RS Weissach $353,000 Bring a Trailer
2008 Porsche 911 Turbo Coupe 6sp $128,000 Bring a Trailer
2014 Porsche 911 Turbo Coupe $101,000 PCARMARKET
1995 Porsche 911 Coupe 6sp $95,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT PCARMARKET
It's been exactly two years since we've seen a 718 Cayman S 6-Speed sell below the $60,000 floor set in early 2021. Even with miles, others have sold in the $60-70,000 range with some low mileage examples trading hands above $70k.
Our Spotlight, the 24,000-mile 2018 718 Cayman pictured above, is finished in Black over Black leather interior and features 20"Carrera Wheels (in black), Sport Exhaust, and Bose Sound System. It had an MSRP of just over $78,000 and sold yesterday on PCARMARKET for $58,263 making this the low point for the last 24 months.
So is the sky falling on 718s or is there more to unpack here? For a black car, the paint showed very well in the detailed photos with only minor imperfections that could be easily buffed out. The wheels were painted black by a previous owner and the rear tail lights were tinted as well.
The vehicle history is clean and there was no mention of prior paint by the seller although no paint meter readings were provided. The seller also stated that the car has been maintained although no records were provided in the pictures other than a 4k service on the CarFax.
All of the above sounds great, but it's also the reason the car dropped below $60k. To start, the car was lightly optioned at $78,000 as we've seen cars with $10-20,000 more in options. And although the car looks great all blacked out, you are eliminating potential buyers with the painted wheels and tinted tail lights. Plus, a little more effort in presentation would have gone a long way had the seller provided proof that the car was paint free and fully serviced.
So when you take all of that into consideration, $58,263 seems like a fair deal all around. Well-sold, well-bought, and off to be enjoyed by a new Porsche enthusiast.
NOTEWORTHY SALES
- Looks like the artwork by Marcel Barbeau that adorns this 1987 911 Coupe G50 failed to bring the action yesterday as the car remained unsold at $42,000. If you're wondering who Marcel Barbeau is, you're not alone. Probably why this one didn't sell.
- This 2022 911 Turbo S proves once again that PTS brings the overs as the car was sold for $127,000 over MSRP at $400,000. Well-sold as the winning bidder had to have it and dropped a final bid of $28,000 over the previous bid to end it.
- For once a seller is reasonable with their expectations but unfortunately for this 2010 911 C2S Cab. in an amazing color combo of Cream White over Cocoa Leather, the bids just weren't there as the car went unsold at a final bid of $60,997 for what was surely a high $60s car.
NEW LISTINGS
- It's been a while since we've seen a nice off-road modified Cayenne like this 2009 Cayenne S. With Satin Black paint, 32x10.5" A/T Tires over 18" Bronze wheels, and a bull bar full of lights, this one certainly looks the business.
- And speaking of off-road Porsches, remember this Safari-Style 2013 911 Coupe that ran on Bring a Trailer back in December? Well, it's back hoping to bring more than the $96,911 it was bid to last year. If you're a new subscriber, it's worth a look as quite a bit of slick custom fabrication went into this one.
- Paint to Sample might be popular and sought-after option these days, but back in 1980, most Porsche buyers didn't even know it existed. This 1980 911SC is finished in PTS Metallic Burgundy over Black Leather, although the seats look Grey to us. Either way, gorgeous color.
AUCTIONS ENDED 2/24
2022 Porsche 911 Turbo S Coupe $400,000 Bring a Trailer
2018 Porsche 911 GT2 RS Weissach $353,000 Bring a Trailer
2008 Porsche 911 Turbo Coupe 6sp $128,000 Bring a Trailer
2021 Porsche Cayenne GTS $102,500 GAA
2014 Porsche 911 Turbo Coupe $101,000 PCARMARKET
1995 Porsche 911 Coupe 6sp $95,000 Bring a Trailer
2012 Porsche 911 C2S $68,000 GAA
2010 Porsche 911 C2S Cab. $60,997 PCARMARKET
2018 Porsche Cayman S 6sp $58,263 PCARMARKET
1968 Porsche 912 $57,000 GAA
1973 Porsche 914 $55,000 GAA
1987 Porsche 911 Coupe G50 Art Car $42,000 Bring a Trailer
2014 Porsche Cayman S $41,250 Bring a Trailer
1976 Porsche 912E $40,000 Bring a Trailer
Porsche Kit Car $37,000 GAA
2014 Porsche Cayman $36,250 Cars & Bids
2001 Porsche 91 Cab. 6sp $32,500 Bring a Trailer
2014 Porsche Panamera S e-Hybrid $28,000 Cars & Bids
1999 Porsche Boxster 5sp $13,000 Bring a Trailer
2006 Porsche 911 C2S Cab. No Sale ACC
2007 Porsche 911 Cab. 6sp No Sale ACC
*Prices in Red denote a high bid and no sale
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