Good Morning! After a few days off with family, it feels good to be back in the saddle. Yesterday's auction action was limited to only BaT, but we'll be back in full swing tomorrow with auctions closing on some of our other popular online platforms.
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THE MARKET
Sell-Through Rate: 82%
Market Volume ($): $697,794
Market Volume (units): 11
- Light day yesterday with Bring a Trailer being the only online auction house closing sales. Not too shabby though with an 82% sell-through rate and a couple of $200k sales.
TOP SALES
2016 Porsche 911 GT3 RS $219,000 Bring a Trailer
2022 Porsche 911 Targa 4 GTS 7sp $203,000 Bring a Trailer
2012 Porsche 911 C4 GTS Coupe 6sp $87,000 Bring a Trailer
2010 Porsche 911 Coupe $51,000 Bring a Trailer
2014 Porsche Cayenne Turbo S $46,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
The internet is always an interesting place where you never know who is behind a screen name or behind the stories they tell, especially with regard to selling cars. The owner of this delivery-mile 2022 Targa GTS was selling the car due to spinal surgery but has a 2023 coming in right behind it in a similar spec. To sell as well?
Seller stories aside, our Spotlight car sold for $203,000 on our first day of bidding after the holiday. With a sticker price of $193,070 and Florida sales tax of 6%, the seller came out just shy of even. The buyer? Well, they were able to skip the 2-3 year wait and potential dealer markup depending on their relationship ($) with their local dealer.
Since the buyer most likely was unable to order their own without playing the dealer game, I'd consider this well-bought. They basically walked into a "dealer" and bought the car they want for a little over MSRP. Pretty much the norm these days if the opportunity presents itself. Could they wait a few months for prices to soften even more? Possibly, but with wait times so far out and GTS allocations scarce, I don't see these veering too far from MSRP.
As far as the seller? I think they are lucky they made out without too much of a loss as I'm sure they had their hopes on a nice profit when they ordered this car over a year ago when the market was raging.
NEW LISTINGS
- Really loving this classy combo of Jet Black Metallic over two-tone Black and Luxor Beige on this 2018 911 Targa 4S.
- How do you make a rare car even rarer? You take a 1 of 1,948 2019 911 Speedsters and paint it GT Silver and leave off the decals as most were either Blue or had the Heritage meatball.
- Although it's great to see a version of Rubystone in the Porsche Car Configurator, nothing beats the original Rubystone Red on a 1992 911 Carrera RS Clubsport.
AUCTIONS ENDED 12/26
2021 Porsche 911 GT3 Cup $285,000 Bring a Trailer
2016 Porsche 911 GT3 RS $219,000 Bring a Trailer
2019 Porsche 911 GT3 RS $209,000 Bring a Trailer
2022 Porsche 911 Targa 4 GTS 7sp $203,000 Bring a Trailer
2012 Porsche 911 C4 GTS Coupe 6sp $87,000 Bring a Trailer
2010 Porsche 911 Coupe $51,000 Bring a Trailer
2014 Porsche Cayenne Turbo S $46,000 Bring a Trailer
1979 Porsche 911SC Coupe $42,500 Bring a Trailer
2014 Porsche Cayenne Diesel $20,750 Bring a Trailer
2001 Porsche Boxster S 6sp $16,550 Bring a Trailer
1984 Porsche 944 5sp $11,994 Bring a Trailer
*Prices in Red denote a high bid and no sale
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