Good Morning! We hope you enjoyed Wholesale Wednesday yesterday, now back to the regular show. With that being said, I do hope you are enjoying this newsletter. I'll be working on a way to share this with your Porschephile friends this weekend, so get that email list ready for Monday!
THE MARKET
Sales ended 10/12: 22
Sell-Through Rate: 68%
Market Volume: $2,803,316
- Although more than half of yesterday's market volume was just 1 car, online auctions still brought in over $1m yesterday.
- But it could have been over $3m as sell-through rates continue to hover around 70%.
TOP SALES
2015 918 Spyder $1,630,000 Bring a Trailer
2019 GT3 RS $253,000 Bring a Trailer
2019 911 GT3 Touring 6-Speed $211,000 Bring a Trailer
1967 912 5-Speed $200,616 Bring a Trailer
2022 992 Carrera 2S Coupe $147,000 PCARMARKET
SPOTLIGHT
It's like Christmas... but in October
PHOTO CREDIT DRIVERSOURCE
As online auctions grew over the last two years, we've seen more and more full collections come to market on many of the different online platforms. Once only the realm of the legacy auction houses, this is becoming a new normal, even a holiday.
DriverSource, a dealer in Houston, TX, is following up on their successful 2021 Oktmotorfest with the sale of 11 low-mileage modern classics and well-restored sportscar icons. The most Halloween-worthy car is a 2003 996 Turbo X50 in Zanzibar, the perfect pumpkin-colored Porsche.
Other Porsche offerings include:
- 1955 356 Pre-A Speedster
- 1966 912 Sunroof Coupe
- 1969 911E Soft Window Targa
- 1969 911S R-Grouppe Coupe
- 1978 928
- 1987 930 Turbo
- 1989 911 Speedster
- 1992 968 Coupe
- 1996 993 Targa
With recent online sell-through rates hovering around 70%, I'm wondering which cars might fail to sell. If the recent market affects this sale, I wouldn't be surprised if the transaxle cars or the 993 Targa stay in inventory.
The first cars go live this week with the remainder trickling out throughout the month. So grab a pumpkin-spice latte and happy bidding! We'll follow up to see how this collection fares once the Octmotorfest celebrations end.
NEW & NOTEWORTHY
- After this weeks no-sale, let's see what this higher-mileage example 2005 Carrera GT will bring. Bids are already >$1m.
- This will be the first 911 R offered at auction following the first 911 R to sell for over $500,000 in over a year. Will it bring the money?
- This gorgeous PTS Gulf Blue Boxster Spyder should bring all the money, but odd option choices and engine replacement at 19 miles might say otherwise.
- If recent Competition Motors license plate frame sales are any indication, then this 1969 911E soft-window Targa sold new by Competition Motors in Cocoa Brown over Tan Leather should sell well.
AUCTIONS ENDED 10/12
2015 918 Spyder $1,630,000 Bring a Trailer
2019 911 GT3 RS $253,000 Bring a Trailer
2010 911 GT3 RS $241,000 Bring a Trailer
2019 911 GT3 Touring 6-Speed $211,000 Bring a Trailer
1967 912 5-Speed $200,616 Bring a Trailer
2022 Cayenne Turbo GT $187,000 PCARMARKET
2022 992 C2S Coupe $147,000 PCARMARKET
1997 993 C4S 6-Speed $133,000 Bring a Trailer
1991 911 Turbo $131,000 Bring a Trailer
2002 996 GT2 $91,496 Bring a Trailer
1964 356C Cabriolet $81,000 Hemmings Auctions
1983 911SC Targa $78,000 Bring a Trialer
2013 911 Carrera 2 S Coupe 7-Speed $72,500 Bring a Trailer
2000 996 C2 Coupe 6-Speed $50,500 Bring a Trailer
2004 996 Turbo Cabriolet $44,000 Bring a Trailer
1986 911 C2 Turbo 993 Look $36,911 PCARMARKET
1972 914 $36,250 Bring a Trailer
1988 928 S4 $26,928 Bring a Trailer
1999 Boxster $14,500 Bring a Trailer
2003 Boxster S $9,986 Cars & Bids
1984 928S $9,928 Bring a Trailer
1987 924 S 5-Speed $9,125 PCARMARKET
0 comments