The Stuttgart Market Letter by Stuttgart Market Letter

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The CGT Market Was Tested, and Failed

Well that was a lot of cars this weekend.

Good Morning! Thanks to some reader feedback, we found out that some email browsers thought that a year followed by a 911 or other Porsche model number were phone numbers and were turning those into links. So you'll notice a lot of "Porsche" in the sales list. A bit redundant, but hopefully it solves the 1999 911 problem.


Always looking for feedback and bugs as this email grows. Just shoot us a reply with your thoughts and comments!


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THE MARKET

Sell-Through Rate: 66%

Market Volume ($): $3,771,462

Market Volume (units): 41



TOP SALES

2016 Porsche 911R $500,000 Broad Arrow

1996 Porsche 911 Carrera RS $335,000 Broad Arrow

1989 Porsche 911 Speedster $291,000

1988 Porsche 911 Turbo M505 Slantnose $274,000 Broad Arrow

1994 Porsche 911 Carrera Cup 3.8 $235,200 Broad Arrow


SPOTLIGHT

image

PHOTO CREDIT BROAD ARROW AUCTIONS


When we wrote about the Carrera GT market last week, we stated that the 2005 example offered at Broad Arrow's Palm Beach sale this weekend would surprise us if it crossed the $1.5m mark let alone hit the low estimate of $1.6m.


The auction started with an ask of $2,000,000 quickly followed by a drop to $1,000,000 and then finally a bid at $500,000. From there it jumped to $250k and then settled at $50k bid increments after a couple at $100k.


At $1,350,000 bidding stalled with blank stares from the auctioneer and phone representative with the bidder assistant jumping in to add some color reminding us of the "fantastic" colors and often missing full set of luggage. A few more bids, perhaps of chandelier in nature, came in pushing the price up to.... $1.5m.


No sale at $1,500,000. 3,000 miles, full set of luggage, every accessory, and ho-hum color. After so many no sales I believe it's time to put a pin in the Carrera GT market. Should you want to pursue this car, Broad Arrow is offering the car for just over the low estimate of $1,635,000.


NEW & NOTEWORTHY


AUCTIONS ENDED 11/19-11/20

2016 Porsche 911R $500,000 Broad Arrow

1996 Porsche 911 Carrera RS $335,000 Broad Arrow

1989 Porsche 911 Speedster $291,000

1988 Porsche 911 Turbo M505 Slantnose $274,000 Broad Arrow

1994 Porsche 911 Carrera Cup 3.8 $235,200 Broad Arrow

1961 Porsche 356B Super $235,200 Broad Arrow

1994 Porsche 911 Speedster $229,600 Broad Arrow

1987 Porsche 911 Turbo M505 Slantnose $198,800 Broad Arrow

2019 Porsche 911 Targa 4 GTS $165,000 Bring a Trailer

1966 Porsche 911 $162,400 Broad Arrow

1965 Porsche 356C Cabriolet $162,400 Broad Arrow

1993 Porsche 911 RS America $142,800 Broad Arrow

2022 Porsche 718 Cayman GT4 $126,500 Bring a Trailer

1956 Porsche 356A Coupe Outlaw $117,600 Broad Arrow

2008 Porsche 911 Turbo Coupe 6sp $99,997 Bring a Trailer

1964 Porsche 356C Coupe $87,000 Bring a Trailer

2009 Porsche 911 Carrera S Coupe 6sp $65,522 Bring a Trailer

1986 Porsche 911 Carrera Targa $62,720 Broad Arrow

1984 Porsche 911 Cabriolet $58,240 Broad Arrow

1988 Porsche 911 Carrera Cabriolet $55,440 Broad Arrow

1988 Porsche 911 Carrera Cabrioet $53,760 Broad Arrow

2006 Porsche 911 Carrera S Coupe 6sp $51,000 Bring a Trailer

2001 Porsche 911 Turbo 6sp $48,750 Bring a Trailer

356 Replica by Vintage Speedsters $45,000 Bring a Trailer

2009 Porsche 911 Carrera Cabriolet 6sp $33,750 Bring a Trailer

1999 Porsche 911 Carrera Coupe 6sp $27,000 Bring a Trailer

2001 Porsche 911 Carrera Cabriolet 6sp $24,000 Bring a Trailer

2001 Porsche Boxster 5sp $22,850 Bring a Trailer

1988 Porsche 944 Turbo $15,750 Bring a Trailer

1994 Porsche 968 Cabriolet $11,200 Braod Arrow

2000 Porsche Boxster 5sp $10,080 Broad Arrow

1988 Porsche 911 Carrera Cabriolet No Sale Broad Arrow

1961 Porsche 356B Outlaw No Sale Broad Arrow

1974 Porsche 911 Targa No Sale Broad Arrow

1974 Porsche 914 No Sale Broad Arrow

2022 Porsche 718 Cayman GT4 No Sale Broad Arrow

2005 Porsche Carrera GT No Sale Broad Arrow

1987 Porsche 911 Turbo No Sale Broad Arrow

1978 Porsche 911 Turbo No Sale Broad Arrow

1998 Porsche 911 Carrera S Aerokit No Sale Broad Arrow

1980 Porsche 911SC Targa No Sale Broad Arrow


*Prices in Red denote a high bid and no sale

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