Good Morning! You had me at PTS Gulf Blue. If I were in the market for a Spyder, this would have been the one. More on that car below.
THE MARKET
Sell-Through Rate: 59%
Market Volume ($): $994,072
Market Volume (units): 22
- Despite almost $1m in market volume yesterday we had the lowest sell-through rate since this letter's inception.
- Barrett-Jackson starts today in Houston. We'll have those sales results on Monday after the 3-day circus winds down in Texas.
TOP SALES
2019 911 GT3 RS Weissach $250,000 Bring a Trailer
1969 911E Soft-Window Targa $204,000 Bring a Trailer
2021 718 Spyder 6sp $163,000 Bring a Trailer
2003 911 Turbo Coupe 6sp $80,000 Bring a Trailer
1977 911S Coupe 3.0l Race Car $58,000 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
$163,500 for a 718 Spyder! This recent high sale for a Spyder has me thinking, it had to be the color, right?
To find out if values are color sensitive I decided to take a look at the entire 718 markets as the Spyder market is just too small a sample size. When you look at all 718s available, we see that the price varies roughly +/- $3,000 from the mean on these cars.
But how do we figure out what actually drives this variation? Luckily for us one of my favorite YouTube channels, Fourwheel Trader, touched on this subject recently. He found that the main driver in price variance for the 718 markets is the year with a 66.1% relative contribution to explaining price variation followed by mileage at 25%.
And color? Color only affects the price variation by 5.4%. So why did this Spyder sell for almost $40,000 over the recent average of $120,000? Well, the super-low mileage of 687 miles and only being a year old allowed this buyer to skip the wait and put a practically new Spyder in their garage today.
NEW & NOTEWORTHY
- Florida Man's lifted off-road 2006 Cayenne for all your swamp-driving gator-chasing fun.
- One of only 823 US-market 1989 911 Speedsters in classic Black over Cashmere Beige.
- Live out your IMSA dreams in this budget 935 look-alike 1977 930 Turbo Carrera Race Car.
AUCTIONS ENDED 10/19
2019 911 GT3 RS Weissach $250,000 Bring a Trailer
1969 911E Soft-Window Targa $204,000 Bring a Trailer
2019 911 GT3 Touring 6sp $180,001 Bring a Trailer
2021 718 Spyder 6sp $163,000 Bring a Trailer
2022 Taycan 4S Cross Turismo $136,550 Bring a Trailer
1991 911 Turbo $132,000 Bring a Trailer
2003 911 Turbo Coupe 6sp $80,000 Bring a Trailer
1995 911 Carrera Coupe 6sp $73,500 Bring a Trailer
1977 911S Coupe 3.0l Race Car $58,000 Bring a Trailer
1973 911T $56,400 Bring a Trailer
2020 Macan S $55,500 PCARMARKET
1977 911S Coupe $53,000 PCARMARKET
2011 911 Carrera Coupe $47,000 Cars & Bids
1983 911SC Targa $44,000 Bring a Trailer
2005 911 Carrera S Coupe 6sp $43,991 Bring a Trailer
1967 912 Coupe 5sp $31,000 Bring a Trailer
2016 Macan S $28,500 Cars & Bids
1988 928 S4 $28,000 Bring a Trailer
1998 Boxster 5sp $16,500 Bring a Trailer
1980 924 Turbo $9,931 Bring a Trailer
1985 944 $9,144 Cars & Bids
1988 924 S Special Edition $3,000 PCARMARKET
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