Good Morning! Well, here it is. The first official email from The Stuttgart Market Letter, your daily snapshot of the Porsche market. Expect a daily email, Monday-Saturday, with the previous day's sales, new & noteworthy vehicles at auction, and market musings.
THE MARKET
Sell-Through Rate: 86%
Market Volume: $3,724,434
- Only two auction houses produced Porsche sales over the weekend, Bring a Trailer and The Zoute Sale by Bonhams. Only 1 car didn't meet the reserve at Bonhams and 2 Boxsters failed to sell on BaT. Are Boxster no-sales the beginning of a market correction?
TOP SALES
2004 Carrera GT $1,338,751 Bonhams
1957 Zagato Speedster "Sanction Lost" $345,844 Bonhams
1997 993 Turbo 'X50' $269,981 Bonhams
910 Re-Creation $225,000 Bring a Trailer
1967 911S Targa $223,125 Bonhams
SPOTLIGHT
PHOTO CREDIT BONHAMS
25 years. That’s the timeline for importing dream cars we never had the chance to enjoy here in the United States and the 996 GT3 is slowly creeping up on that mark. Although that makes me feel a bit old, it also makes me feel a bit excited. Two more years and 996 GT3s are eligible for importation.
Now, this is usually something the JDM market reacts to as R33 and soon, R34 GTRs become eligible. But the Porsche market reacted as well as ROW 964s became available. Non-sunroof 964’s from Japan, prices started to creep up a few years before their 25th birthday. 964 Carrera RS’, even more so.
So are we about to see an increase in prices for 996 GT3s? Aside from the steady incline we’ve seen post-pandemic, I’m not 100% sure. Although the 996 is starting to have its “heyday”, it is still considered by some to still be the bastard child of 911s due to its headlights and first-of-its-kind water-cooled engine.
But the case for the 996.1 GT3 is a strong one. Of all GT3 (non-RS) variants, it’s the rarest with only 1,868 units produced. It’s a true homologation special and it’s the lightest of all GT3 as each generation has put on some pounds since.
Only time will tell, but I for one, am anxiously waiting to get behind the wheel of a 996.1 GT3.
NEW & NOTEWORTHY
- This 1957 Speedster is a Rennsport Reunion alum ready to hit the track. Pick it up for next year's reunion?
- GT Style and Speed Yellow could bring top dollar for this 996 Carrera Coupe.
- A quick bumper swap could make this 1973 914 a bargain cars & coffee cruiser.
- Perhaps you fancy a restoration project? This 1962 356B T6 Sunroof Coupe would do the trick.
AUCTIONS ENDED 10/8-10/9
2012 911 Turbo 6-Speed $173,000 Bring a Trailer
2022 718 GT4 $146,600 Bring a Trailer
2017 991.2 Turbo S $133,875 Bonhams
1970 911T Coupe $117,141 Bonhams
2016 911 GTS Cabriolet $117,000 Bring a Trailer
2014 911 Turbo S $112,991 Bring a Trailer
1971 914/6 $111,563 Bonhams
2000 996 GT3 Clubsport $111,564 Bonhams
1987 911 Targa $92,000 Bring a Trailer
1987 911 Cabriolet $75,500 Bring a Trailer
1978 911 SC $52,500 Bring a Trailer
1975 911S Coupe $47,000 Bring a Trailer
2001 996 Coupe 6-Speed $31,000 Bring a Trailer
2005 Boxster Bid $17,237 Bring a Trailer
1999 Boxster Bid $12,000 Bring a Trailer
1972 911 2.7 RS No Sale Bonhams
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