The Stuttgart Market Letter by Stuttgart Market Letter

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When Is a Porsche Better Than a Porsche?

A top sell through rate and big money from only a handful of cars yesterday

Good Morning! I hope you enjoyed yesterday's December recap. Hit reply and let us know how you liked it and what else you'd like to see in future recaps!


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THE MARKET

Sell-Through Rate: 80%

Market Volume ($): $1,587,420

Market Volume (units): 10



TOP SALES

2009 RUF RT12 S $450,000 Bring a Trailer

1994 Porsche 911 Turbo 3.6 $401,000 Bring a Trailer

2019 Porsche 911 Speedster $355,000 Bring a Trailer

2007 Porsche 911 GT3 $150,000 Bring a Trailer

1990 Porsche 911 Coupe 5sp $146,000 Bring a Trailer


SPOTLIGHT

image

PHOTO CREDIT BRING A TRAILER


Just a few years ago it took a real Porschephille to recognize just how special a RUF was, and even they probably weren't aware of RUF's 997 Turbo variant, the RT12. But over the last year or so, with the meteoric rise of all things Porsche, the market has discovered the 685 hp beast from Pfaffenhausen.


Before 2021, the nicest example of an RT12 was still a sub-$300,000 car with most trading hands privately. But this year we've seen 10 cars offered for sale with the lowest price paid being $434,000 for a 31,000-mile 'S' example and $910,000 is the highest paid for an early 17,000-mile car.


Our Spotlight car, a 2009 example with 23,000 miles finished in Guards Red hammered down for $450,000 on Bring a Trailer yesterday. Top-tier cars are still bringing good money but showing signs of slowing. With a recent no-sale of a similar car with similar miles a few months ago just shy of $400k, I wasn't so sure this one would hit the mark.


But with the seller had purchased the car in 2014, way before the market exploded for such cars, I did hope there was a reasonable reserve as even at a low point in the price history, they were sure to make a decent return. But buyers were alive yesterday and the car found a new home along with another RUF purchased this year.


For the money, I'd call this one well-sold but I don't think this will be seen as poorly bought over the next five years either. Well done by both parties.


NOTEWORTHY SALES


NEW LISTINGS


AUCTIONS ENDED 2/2

2009 RUF RT12 S $450,000 Bring a Trailer

1994 Porsche 911 Turbo 3.6 $401,000 Bring a Trailer

2019 Porsche 911 Speedster $355,000 Bring a Trailer

2007 Porsche 911 GT3 $150,000 Bring a Trailer

1990 Porsche 911 Coupe 5sp $146,000 Bring a Trailer

1998 Porsche 911 C2S Coupe 6sp $90,000 Bring a Trailer

1973 Porsche 911T Coupe $70,500 Bring a Trailer

2004 Porsche 911 C4S Cab. $45,000 Bring a Trailer

1987 Porsche 928 S4 5sp $32,000 Bring a Trailer

1986 Porsche 944 5sp $8,420 Bring a Trailer


*Prices in Red denote a high bid and no sale

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