Good Morning! Day 2 is now in the books with the GT market still looking strong but a surprising no-sale for a 2005 Carrera GT over on Bring a Trailer producing tons of comments on the state of the market. More on that auction is below.
THE MARKET
Sell-Through Rate: 70%
Market Volume: $865,850
- A much lower sell-through rate today compared to yesterday with the two highest bids of the day not taking home the prize.
- The sale of a 2015 991.1 GT3 at $125,000 was slightly below the $130,000 average we've seen over the summer and a little on the lower side for the mileage.
TOP SALES
2020 911 C4S Coupe 7-Speed $145,000 Bring a Trailer
2015 991.1 GT3 $125,000 Bring a Trailer
2011 997 Turbo S Coupe $124,000 Bring a Trailer
2007 997 Turbo Coupe 6-Speed $106,000 Bring a Trailer
2019 991 Carrera T 7-Speed $103,000 PCARMARKET
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
If you were brave enough to venture into the comments section of this 2005 Porsche Carrera GT on Bring a Trailer, you would think the sky was falling for the CGT market as the car failed to reach the $2,000,000 mark.
The final bid, however, was spot on the money at $1,601,000. The seller getting much more than that was a pipe dream and being that they purchased the car new for $450,00, they should have taken the money and ran.
Recent Carrera GT sales for cars with similar mileage have been in the $1.5m range with a recent sale of a car in a much rarer shade of red at $1,765,000. This week saw a Belgian car sell for $1.3m with 10,000 more miles than are featured car, so based on what the market is doing right now, low mileage in a normal color should have sold for $1.6m.
Perhaps the seller will put on another 1,000 miles over the next few years and wait for the top of the next credit cycle to try their luck again.
NEW & NOTEWORTHY
- If yesterday's real Speedster was a bit out of reach, you can bid on a number of replicas here on AutoHunter and Bring a Trailer this week.
- Always a fan of special Boxsters, one of 1,960 RS Spyders finished in beautiful GT Silver Metallic over Carrera Red ends in 6 days.
- Here's your chance at the perfect Porsche tow vehicle with this 46,000-mile Cayenne Diesel.
AUCTIONS ENDED 10/10
2005 Carrera GT $1,601,000 Bring a Trailer
2022 992 Turbo S Cab $253,000 Bring a Trailer
2020 992 C4S Coupe 7-Speed $145,000 Bring a Trailer
2015 991 Turbo S Cabriolet $131,000 Bring a Trailer
2015 991.1 GT3 $125,000 Bring a Trailer
2011 997 Turbo S Coupe $124,000 Bring a Trailer
2007 997 Turbo Coupe 6-Speed $106,000 Bring a Trailer
2019 991 Carrera T 7-Speed $103,000 PCARMARKET
1993 928 GTS 5-Speed $92,800 Bring a Trailer
2004 996 Turbo Cabriolet 6-Speed $54,000 Bring a Trailer
356 Speedster Replica $43,000 Bring a Trailer
2001 996 C2 Coupe 6-Speed $39,000 Bring a Trailer
2006 Cayman S Coupe 6-Speed $31,500 Bring a Trailer
2010 Panamera Turbo $29,900 Cars & Bids
2004 Boxster S 6-Speed $27,500 Bring a Trailer
1999 996 C2 Cabriolet 6-Speed $27,000 Cars & Bids
2006 997 C2 Coupe 6-Speed $27,000 PCARMARKET
2004 996 C4 Cabriolet 6-Speed $23,500 PCARMARKET
2009 Cayenne $19,000 Bring a Trailer
1993 968 Coupe 6-Speed $14,350 Bring a Trailer
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