Good Morning! Another perfect fall Saturday. I'll be firing up the 911 and hitting the back roads shortly after pressing send on this email. I highly suggest you do the same.
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THE MARKET
Sell-Through Rate: 70%
Market Volume ($): $1,188,005
Market Volume (units): 20
- Not too long ago a 70% sell-through rate and market volume of just over $1m was a bad day for the Porsche market. Now we're happy to be back to this level.
- A couple of high-dollar cars failed to meet their reserve as the trend of cars over $100k weakening keeps its momentum.
TOP SALES
1991 911 Turbo $180,000 Bring a Trailer
1969 911S Coupe $175,000 Bring a Trailer
1991 911 Carrera Targa RWB $144,000 Bring a Trailer
1971 911 E Coupe $135,000 Bring a Trailer
2019 911 Carrera 4 GTS Coupe $126,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
Another week, another delivery mileage GT car fails to sell.
It wasn't so long ago that this 992 GT3 Touring would have sold for $300,000 if not more. But the winds are changing. Earlier this year every brand-new GT3 that came to market hit eye-watering reserves and flipped into new homes. But in the last month alone, only 3 out of 13 992 GT3s have sold for a very low sell-through rate of 23%.
This particular car that failed to sell yesterday on Bring a Trailer had an "interesting" interior to say the least. Probably not indicative of the reserve that was over $300k. To be honest, I'm surprised it went that high as other cars have not met reserves well below $300k bids.
There are going to be some very sad flippers out there who are in these GT3s for more than their worth if they had to pay the $100k+ overs some dealers were getting. Those with great dealer relations who most likely got their cars at MSRP will more than likely hold on to their GT cars, enjoy them, and then trade them into their dealer for the next great thing.
Personally, I can't wait for the flippers to take an "L".
NEW & NOTEWORTHY
- Extremely well done 1972 911 S/T Tribute with a 2.7l Twin-Plug engine would make a perfect weekend canyon carver.
- Another delivery mileage 2022 911 GT3. If the trend continues, this one might be a hard sell.
- If delivery mileage isn't your thing, then take a look at this 123k mile 2000 911 Carrera 4 Coupe with an Aerokit.
AUCTIONS ENDED 10/28
2022 911 GT3 Touring 6sp $300,000 Bring a Trailer
2009 911 GT2 $258,000 Bring a Trailer
1991 911 Turbo $180,000 Bring a Trailer
1969 911S Coupe $175,000 Bring a Trailer
1991 911 Carrera Targa RWB $144,000 Bring a Trailer
1971 911 E Coupe $135,000 Bring a Trailer
2019 911 Carrera 4 GTS Coupe $126,000 Bring a Trailer
2016 911 Turbo S Cabriolet $121,000 PCARMARKET
2014 911 Turbo S Coupe $117,000 PCARMARKET
2016 Boxster Spyder 6sp $110,000 Bring a Trailer
2011 911 Carrera 4S 6sp $95,000 Bring a Trailer
1987 911 Carrera Coupe $80,000 Bring a Trailer
1987 911 Carrera Targa $50,000 Bring a Trailer
1973 914 $44,000 Bring a Trailer
2000 911 Carrera Cabriolet $40,000 Bring a Trailer
2006 911 Carrera Cabriolet 6sp $28,000 Cars & Bids
1980 911SC Targa $27,911 Bring a Trailer
1987 944 Turbo $25,000 Cars & Bids
2006 Cayenne Turbo S $21,995 Bring a Trailer
1984 944 $7,050 PCARMARKET
*Prices in Red denote a high bid and no sale
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