Good Morning! Yesterday was definitely Turbo Tuesday with quite a few 911 Turbo variants carrying us past the $1m mark. Will today be whale-tale Wednesday?
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THE MARKET
Sell-Through Rate: 75%
Market Volume ($): $1,221,186
Market Volume (units): 16
- Now that's more like it. The Porsche market looked much stronger yesterday with a 75% sell-through rate and over $1m in sales thanks to a couple of Turbo's finding new homes. Action at Barrett-Jackson was light in the Porsche world but both cars sold on the block.
TOP SALES
2018 Porsche 911 GT2 RS Weissach $380,000 Bring a Trailer
1977 Porsche 911 Turbo $207,210 Bring a Trailer
1988 Porsche 911 Turbo Coupe $161,000 Bring a Trailer
2020 Porsche 718 Cayman GT4 Modified $159,250 PCARMARKET
1995 Porsche 911 Coupe 6sp $101,001 Bring a Trailer
SPOTLIGHT
PHOTO CREDIT PCARMARKET
First-gen Boxster Spyders are really starting to grow on us here, especially as they make their way into the $80k range consistently. Take the lightest Porsche in the model lineup for 2016, add a 375 hp 3.8l flat-six from the Carrera S, and mate it to a 6-speed manual transmission. Sounds like the recipe for an amazing car to me.
The 2016 Spyder above finished in Carrera White over Black leather with Alcantara was mildly optioned with such features as Red deviated stitching, BOSE, Black painted Spyder Design wheels, and a few other goodies. A nice car but not overly optioned out or a crazy MSRP. With 13,000 miles we expected this car to sell in the mid to upper $80s, right where nice examples with over 10k miles have been selling for quite some time now as we see no softening in the Spyder market. And that's exactly where this car's final bid landed, at $87,000.
But for whatever reason, the seller thought their car was worth more. How much more? $10,000 more. Save for one example finished in a rare shade of Saphire Blue Metallic, not a single 981 Spyder with over 10k miles has crossed the $90,000 mark. And I don't see another one happening unless it is a highly specced example or rare shade. This would have been a fair deal for both buyer and seller at $87,000, but it looks like the seller will be keeping their car and parting with their listing fees.
NOTEWORTHY SALES
- Aventurine Green brings the money on this 1995 911 Coupe 6-speed with 38,000 miles. A popular color now, few 993s wore this paint. More should have as it's a stunner.
- After a slew of unsold units this month, this 2018 911 GT2 RS Weissach sold for $380,000. Missed it? Don't worry, two more cross the block this week. For such a limited car we see quite a few trade hands regularly. Who's going to be stuck with the potato when the song ends?
- Ruf-modified Turbos are a thing of their own when it comes to pricing for modified Porsches. We pegged this 1997 911 Turbo somewhere shy of $500k and it seems we were right as that is the asking price after a high bid of $447,000.
NEW LISTINGS
- There are delivery mileage cars and then there is this 1991 911 Carrera 4 Leichtbau with only 45 miles. And if you think the mileage is low, this car is one of only 22 Leichtbau examples produced. Expect big things.
- Not as rare as the Leichtbau above, but we don't see many cars like this 2014 911 50th Anniversary Edition cross the block too often. This example is finished in Geyser Grey Metallic with the most excellent Pepita interior.
- And since we're on a rare car kick today, we have to mention this 1 of 200 US examples 2008 911 GT2 with just over 13,000 miles. This Black on Black example was the most powerful 911 produced at the time and remains a beast even by today's standards.
AUCTIONS ENDED 1/24
1997 Porsche 911 Turbo Modified by Ruf $447,000 PCARMARKET
2018 Porsche 911 GT2 RS Weissach $380,000 Bring a Trailer
1977 Porsche 911 Turbo $207,210 Bring a Trailer
1988 Porsche 911 Turbo Coupe $161,000 Bring a Trailer
2020 Porsche 718 Cayman GT4 Modified $159,250 PCARMARKET
2021 Porsche 911 C2S Cab. 7sp $138,000 Bring a Trailer
1995 Porsche 911 Coupe 6sp $101,001 Bring a Trailer
2016 Porsche Boxster Spyder 6sp $87,000 PCARMARKET
1995 Porsche 911 Cab. $49,000 PCARMARKET
1995 Porsche 911 Cab. 6sp $45,500 Bring a Trailer
2007 Porsche 911 Cab. $34,100 Barrett-Jackson
2008 Porsche Cayenne Turbo $26,275 Bring a Trailer
1993 Porsche 968 $25,850 Barrett-Jackson
1995 Porsche 968 Coupe 6sp $24,250 Bring a Trailer
1997 Porsche Boxster 5sp $17,000 Bring a Trailer
1986 Porsche 944 Turbo Track Car $15,000 Bring a Trailer
*Prices in Red denote a high bid and no sale
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