Good Morning! Even in a softening market, when a once in a lifetime opportunity comes along to buy something we'll most likely never see again, the market responds with a world record sale as was the case for our Spotlight car below.
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THE MARKET
Sell-Through Rate: 73%
Market Volume ($): $1,438,288
Market Volume (units): 22
- Another strong day with our unit volume increasing fairly significantly and our sell-through rate climbing after-hours as a few Mecum No Sales were able to put together a deal off the block.
TOP SALES
2018 Porsche 911 GT2 RS Weissach $357,000 PCARMARKET
2012 Porsche 911 Turbo Cab. 6sp $235,000 Bring a Trailer
1989 Porsche 911 Coupe G50 $155,000 Bring a Trailer
2020 Porsche Cayenne Turbo $102,000 PCARMARKET
1985 Porsche 911 Coupe 5sp $84,700 Mecum
SPOTLIGHT
PHOTO CREDIT BRING A TRAILER
$235,000.
We had to put that number up there just to let it ruminate for a second. $235,000 for a 3,000-mile 2012 Porsche 911 Turbo Cabriolet with a 6-Speed manual transmission. Why? Because find another one.
While there are plenty of low-mileage cars popping up from time to time, most of those cars are usually cars that are deemed future collectibles when new. But back in 2012, a 911 Turbo Cabriolet was just another 911 turbo. Also for the 997.2 generation Turbo, the new quick shifting PDK transmission replaced the tiptronic transmission offering lightning fast shifts and smooth cruising making the take-rate of the optional manual 6-Speed transmission fairly small.
But little did we know back then that the 997.2 Turbo would be the last of its breed and we'd never see a 6-Speed manual in a Turbo again. This low-mileage gem is really the last of its kind, and well deserving a new record price for a 997 Turbo at auction.
As this was a one-owner car with a $170,000 sticker, I'm sure said owner made out fairly well. But the car was sold by a dealer who acquired the car a few months ago. To find such an example is a needle in a haystack moment and then to have two bidders who each wanted the car, badly, well lightning struck the needle. Well-sold and well-sourced by the dealer. And the buyer now as the perfect 997 Turbo to add to his collection of Turbos going back to an original 930.
NOTEWORTHY SALES
- "Just another Turbo" that couldn't find a home at $218,500. Everyone was probably bidding on the 997 above instead of this 2021 911 Turbo S Cabriolet.
- A very solid result for this 1986.5 928S 5-Speed finished in a stunning color combination of Pastel Beige over Brown Leather. Well-bought at $46,400.
- After a month of no-sales, it looks like sellers have reset their expectations (and reserves) for the new year with this 2018 911 GT2 RS Weissach selling for $357,000.
NEW LISTINGS
- This 2011 former IMSA ST-Class Cayman Track Car would make a great club racer for what should be not a lot of money at the end of the auction.
- The higher mileage on this 1993 911 C4 Coupe 5-Speed probably won't keep the bidders at bay as the Midnight Blue Metallic paint and Cashmere Beige leather look excellent.
- Modifications, although fairly tasteful and quality, will probably keep this 1987 911 Turbo from hitting it's low $105,000 pre-sale estimate.
AUCTIONS ENDED 1/12
2018 Porsche 911 GT2 RS Weissach $357,000 PCARMARKET
2012 Porsche 911 Turbo Cab. 6sp $235,000 Bring a Trailer
2021 Porsche 911 Turbo S Cab. $218,500 Bring a Trailer
1989 Porsche 911 Coupe G50 $155,000 Bring a Trailer
2020 Porsche Cayenne Turbo $102,000 PCARMARKET
1985 Porsche 911 Coupe 5sp $84,700 Mecum
1990 Porsche 911 C4 Targa 5sp $83,000 Bring a Trailer
1998 Porsche 911 Cab. 5sp $70,400 Mecum
2004 Porsche 911 Turbo Cab. 6sp $55,000 Mecum
2004 Porsche 911 C4S Cab. 6sp $52,000 Bring a Trailer
2017 Porsche 718 Cayman $50,250 PCARMARKET
1986 Porsche 928S 5sp $46,000 Bring a Trailer
2014 Porsche Cayenne Turbo S $45,000 Bring a Trailer
1970 Porsche 911 Targa 5sp Project $41,911 Bring a Trailer
2001 Porsche 911 Coupe 6sp $28,500 Cars & Bids
2005 Porsche Boxster S 6sp $24,750 PCARMARKET
2015 Porsche Cayenne Diesel $22,500 Cars & Bids
1991 Porsche 944 S2 Cab. 5sp $13,777 Bring a Trailer
1988 Porsche 911 Turbo No Sale Mecum
1990 Porsche 944 S2 Cab. No Sale Mecum
1988 Porsche 911 Turbo Slant Nose Cab. 5sp No Sale Mecum
1989 Porche 911 Speedster No Sale Mecum
*Prices in Red denote a high bid and no sale
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