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THE MARKET
Sell-Through Rate: 56%
Market Volume ($): $409,905
Market Volume (units): 16
- Was yesterday a holiday we weren't aware of? Because the market seemed to have taken the day off with only one car selling for over $100k off of a 56% sell-through rate. Definitely a case of the Mondays.
TOP SALES
1987 Porsche 911 Targa G50 $120,000 Bring a Trailer
1996 Porsche 911 C4S Aerokit $88,559 PCARMARKET
2008 Porsche Cayenne Turbo $38,750 Bring a Trailer
1999 Porsche 911 Coupe $31,996 Bring a Trailer
2013 Porsche Boxster $30,600 PCARMARKET
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
Had this 1997 911 Carrera Coupe 6-Speed met its reserve and found a new home, it would have been the lowest mileage 993 C2 to sell in the last five years with only 6,000 miles on the odometer. Finished in a classic 993 color combination of Arena Red over Classic Grey, this example was lightly optioned with a partial leather interior, Becker-Porsche radio, Motor Sound Package, and 17" Cup Design Wheels.
The seller noted some light scratching under the front spoiler but from what we could see, nothing that would require paintwork. Speaking of paintwork, the car metered perfectly all around and pictures of the paint presented beautifully. You could eat off of the undercarriage and the engine bay was just as clean. This is THE car if you're looking for a 993 C2. So why didn't it sell at a final bid of $126,000?
To get a grasp of where the market is and put a price on this uber-low mileage car, you'd have to look further back than the last year to find anything remotely comparable. Within the last 12 months two cars with roughly 17,000 miles sold, one for $121,991 and another for $220,000. The latter however was a very rare X51 package car, hence the price bump. The lowest mileage car, an 11,000-mile Arena Red example sold in August 2020 for $80,000. So a bid of $126,000 isn't completely out of line as our Spotlight car did not have the X51 package.
But apparently, the seller wanted more. How much more? While some in the comment section believed this car should have commanded $150k plus, that's 993 C4S territory, and at the end of the day, no matter how low the miles, this was no C4S. $126,000 was a solid number, maybe $130k. Either way, a sale should have been made in this neighborhood.
NOTEWORTHY SALES
- At $120,000, this 1987 911 Targa just became the top sale for the year for 3.2-liter Targas. And it makes complete sense. With only 40,000 low miles and a stunning color combination of Venetian Blue paint and Blue leather, this was the one to buy.
- So why didn't this 1996 911 Carrera 4S sell for "C4S Money" as mentioned in our Spotlight above? For one, the mileage. 83,000 miles is up there. But what really killed the value here was the accident and paintwork on the car.
- At first glance, this listing looked like the deal of the century. A 911 Speedster for $30,600! But, it was only a 2013 Boxster with a Heritage Design-inspired livery exactly like that of a 991 Speedster. You got me.
NEW LISTINGS
- The first 2023 718 Cayman GT4 RS to cross the auction block failed to sell last month, let's see how the second does. The delivery mileage example finished in White over Black features the Weissach Package and a $184,987 sticker. Already over at $200k, we'll see how much the seller wants to make I guess in 6 days.
- It seems there's always an M505 Slant Nose available for sale. And here I thought they were rare? This 1989 911 Turbo Coupe M505 is finished in Guards Red over Black leather and Guards Red Fuchs. With only 18,000 miles, expect this one to sell well.
- I guess delivery mileage Taycan's is a thing, as this 1,000-mile 2022 Taycan GTS Sport Turismo, finished in Neptune Blue over Black and Brown Club Leather proves. Don't expect over MSRP though, as of right now it sits bid-less.
AUCTIONS ENDED 2/27
1997 Porsche 911 Coupe 6sp $126,000 Bring a Trailer
1987 Porsche 911 Targa G50 $120,000 Bring a Trailer
1988 Porsche 911 Turbo Cab. $111,000 PCARMARKET
1996 Porsche 911 C4S Aerokit $88,559 PCARMARKET
1964 Porsche 356C 1600 Coupe $52,000 PCARMARKET
2015 Porsche Boxster S $45,000 Cars & Bids
2008 Porsche Cayenne Turbo $38,750 Bring a Trailer
356 Speedster Replica $36,500 Bring a Trailer
1999 Porsche 911 Coupe $31,996 Bring a Trailer
2013 Porsche Boxster $30,600 PCARMARKET
1988 Porsche 928 S4 $30,250 PCARMARKET
2004 Porsche 911 C4S Cab. $29,000 Cars & Bids
2015 Porsche Macan Turbo $27,250 Cars & Bids
2006 Porsche 911 C4S Cab. $27,000 PCARMARKET
1971 911E Coupe $16,000 AutoHunter
2008 Porsche Cayenne S $15,500 Bring a Trailer
*Prices in Red denote a high bid and no sale
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