Good Morning! As of last night, things weren't looking too good at Barrett-Jackson as 2 out of the 3 Porsches on offer had failed to attract bids. But one example found a buyer off the block leaving only one car unsold. Was it a case of the Mondays or is this how things are looking out there in Arizona this week?
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THE MARKET
Sell-Through Rate: 60%
Market Volume ($): $660,561
Market Volume (units): 15
- Even with Barrett-Jackson's no reserve action, the market seemed a bit sluggish yesterday only selling 60% of cars on offer for a sub-$1m day. $100k+ cars going 2 for 5 definitely didn't help that dollar figure. Volume does look to pick up over the next few days with the $1m cars on offer later this week and into the weekend.
TOP SALES
1986 Porsche 911 Turbo Slant Nose Coupe $300,000 Bring a Trailer
1970 Porsche 911E Targa 5sp $104,000 Bring a Trailer
1995 Porsche 911 C4 Coupe 6sp $90,000 Bring a Trailer
356 Replica $37,000 Bring a Trailer
2005 Porsche 911 C2S Coupe 6sp $31,500 PCARMARKET
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
What we have here is the first 930 Turbo Slant Nose to hit $300,000 since a 2,000-mile example sold at Porsche 70th Anniversary sale 5 years ago. That example, while low mileage, wasn't as special as this 1986 911 Turbo Slant Nose Coupe that sold yesterday on Bring a Trailer for $300,000. So I'm just going to come out and say it now, this 930 Turbo was well-bought even though it had slightly more miles at 3,600. And here's why.
In 1982 Tag Heuer co-owner Mansour Ojjeh, also of McLaren F1 fame, commissioned Porsche to develop a road-going version of their 935 Slant Nose race car using a 930 Turbo body and 935 body panels. The car became immediately famous within Porsche circles and other well-heeled Porsche VIPs began to demand a similar car from the factory.
In order to meet the demand, buyers worked with Porsche's Sonderwunschprogramm, or Special Wishes Program, to commission their own BEFORE it became a factory option known as the M505 Flachbau which debuted in 1987. Roughly 250 Special Wishes Slant Noses were produced compared to the 600 or so factory M505s making these cars rare. And this is one of those cars.
With the average price of 930 M505 Coupes at just shy of $200,000 and lower mileage examples selling between $250,000 and $290,000, this very special pre-M505 Special Wishes 930 with 3,600 miles is an absolute steal at $300,000. I don't know when another example such as this will come to market, but I'm willing to bet we'll look back on this sale and agree.
NOTEWORTHY SALES
- We didn't have to wait long for a delivery-mile 2022 GT3 update. This 2022 GT3 6-Speed finished in Shark Blue failed to sell at a high bid of $238,000. Not far off of yesterday's higher mileage sale price.
- The $104,000 this 1970 911E Targa sold for yesterday is strong money marking a 5-year market high for the model. $20,000 more than the previous high.
- 997 Carrera S' have shot up over the last two years by almost 50%. But this higher mileage 2005 911 Carrera S Coupe 6-speed with 161k on the clock sold for $31,500, basically what prices for lower mileage examples brought in 2020.
NEW LISTINGS
- We know what a real 930 Turbo Slant Nose will bring, now we'll see what a Slant Nose Conversion will bring with this 1984 911 Turbo ending next week.
- The last 997 Turbo Cabriolet 6-Speed went for big money as the last of the manual Turbos continue to hold strong. But how will a slew of modifications affect this 16,000-mile 2009 example?
- Nothing depreciates faster than a big-bodied sedan, and out of all of its German rivals, the Panamera 4S Executive is the king as they depreciated as new cars on showroom floors. This 2018 Panamera 4S Executive should be a steal.
AUCTIONS ENDED 1/23
1986 Porsche 911 Turbo Slant Nose Coupe $300,000 Bring a Trailer
2022 Porsche 911 GT3 6sp $238,000 Bring a Trailer
2018 Porsche 911 GT3 $155,000 PCARMARKET
2020 Porsche 911 C4S Coupe 7sp $115,000 Bring a Trailer
1970 Porsche 911E Targa 5sp $104,000 Bring a Trailer
1995 Porsche 911 C4 Coupe 6sp $90,000 Bring a Trailer
2002 Porsche 911 C4S Coupe 6sp $41,250 PCARMARKET
356 Speedster Replica $37,000 Bring a Trailer
2005 Porsche 911 C2S Coupe 6sp $31,500 PCARMARKET
2004 Porsche 911 C4S Coupe $30,750 Cars & Bids
356 Speedster Replica $27,500 Barrett-Jackson
2013 Porsche Cayenne GTS $21,500 Cars & Bids
2005 Porsche Cayenne Turbo $20,900 Barrett-Jackson
1999 Porsche 911 Cab. 6sp $18,911 PCARMARKET
1984 Porsche 944 No Sale Barrett-Jackson
*Prices in Red denote a high bid and no sale
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