Good Morning! Dealers have started getting their first deliveries of GT4 RS' for 918 VIP and Motorsports customers. It's only a matter of time before we see one run through auction with big dreams of making a nice profit on a quick flip.
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THE MARKET
Sell-Through Rate: 63%
Market Volume ($): $752,370
Market Volume (units): 18
- Sell through rate continues to hover below 70% as we close out the final week of October. After the month's end, we'll take a look at October's performance and see how the Porsche market compared to the rest of the market.
- It would have taken one car, our Spotlight GT2 RS, to push yesterday's total over the $1m mark but it did not sell with a high bid of $326,000.
TOP SALES
1997 911 Turbo $180,993 Bring a Trailer
1989 911 Carrera Coupe 25th Anniversary $101,000 Bring a Trailer
1979 928 5sp Euro $83,000 PCARMARKET
1964 356SC Coupe $82,500 Bring a Trailer
1969 912 Coupe 5sp $70,550 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT BONHAMS
After writing about market highs and market lows over the past few years for Porsche's original homologation special, I wanted to do some digging and see where these were only a few decades ago for today's Flashback Friday.
This 1973 Porsche 911 2.7 RS Touring was a "top result" and "retail-ready" finished in Primrose over Black with matching numbers all around. A prime example that would fetch $500,000 on a bad day in today's market.
But this was 2001. We had just come off the back half of the dot-com bubble bursting and a few months after the tragic events of September 11th. Not the strongest time for the car market but too dissimilar to where we might find ourselves in a year's time if economic conditions continue to deteriorate.
So how much did this RS bring at Bonhams back in December of 2001? This yellow beauty hammered down at $48,990. A far cry from today's $500-600,000 estimates.
But would you have made out better investing that $48,990 in the market or buying this 2.7 RS? Well had you invested that money in the Dow, it would only be worth a measly $177,638 today.
NEW & NOTEWORTHY
- Guys With Rides is showcasing this Concours-quality 1987 928 S4 before bidding begins on November 9th.
- The original owner only drove this 1997 Boxster 188 miles per year so that you can enjoy his time capsule. How nice of them.
- This Euro delivery 2003 911 Turbo Coupe X50 still wears its temporary German license plate on the front.
AUCTIONS ENDED 10/27
2018 911 GT2 RS $326,000 Bring a Trailer
1997 911 Turbo $180,993 Bring a Trailer
1989 911 Speedster $172,000 Bring a Trailer
1989 911 Carrera Coupe 25th Anniversary $101,000 Bring a Trailer
1979 928 5sp Euro $83,000 PCARMARKET
1964 356SC Coupe $82,500 Bring a Trailer
1969 912 Coupe 5sp $70,550 Bring a Trailer
2009 911 Carrera 4 S Coupe $63,000 PCARMARKET
2005 911 Carrera S Cabriolet 6sp $45,000 Bring a Trailer
1994 911 Carrera Cabriolet 5sp $45,000 Bring a Trailer
2016 Cayenne Diesel $42,500 Bring a Trailer
2005 911 Carrera S Coupe $41,250 Cars & Bids
1992 968 Coupe 6sp $35,000 Bring a Trailer
1991 928 GT 5sp $32,000 Bring a Trailer
2012 Cayenne $27,899 PCARMARKET
1999 911 Carrera Coupe 6sp $25,577 Bring a Trailer
2003 911 Carrera Cabriolet 6sp $24,750 Bring a Trailer
2002 Boxster S 6sp $15,505 Bring a Trailer
*Prices in Red denote a high bid and no sale
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