Good Morning! The spectacle of Arizona auction week is almost over with last night producing some fantastic sales. Grab a cup of coffee and get ready for quite the list below.

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THE MARKET

Sell-Through Rate: 73%

Market Volume ($): $12,714,920

Market Volume (units): 62

• Those are some impressive numbers up there: over $12m from over 60 Porsches. But when you pull out the data from the in-person auctions in Arizona and look just at online auctions, we saw a 55% sell-through rate from 20 cars and only $841,000 in sales. Looks like all eyes were on Arizona.

TOP SALES

1987 Porsche 959 Komfort $1,682,500 RM Sotheby's

2005 Porsche Carrera GT $1,242,500 RM Sotheby's

2005 Porsche Carrera GT $1,033,500 Bonhams

1993 Porsche 911 Turbo S 'Lightweight' $962,000 RM Sotheby's

1994 911 Turbo S X85 'Flat-Nose' $830,000 RM Sotheby's

SPOTLIGHT

PHOTO CREDIT RM SOTHEBY'S

Out of all the cars to cross the block in Arizona in the past week, this 1993 Porsche 911 Turbo S 'Lightweight' is probably the most interesting example, not just because of its rarity, but because of its journey to this sale over the past few years.

Born from the mind of Porsche Exclusive manager Rolfe Sprenger, the 964 Turbo S Lightweight was conceived as a road-legal version of the 1992 IMSA Championship-winning 964 Turbo. The 86 examples built left the factory some 400 lbs lighter than the standard Turbo S with the deletion of AC, power steering, radio, etc.

Under the hood, the M30/69 SL received new KKK Turbochargers, upgraded fuel injectors, and more aggressive cams producing 381 bhp. The body of the car was seam welded and reinforced with doors, frunk, and rear spoiler in carbon composite.

The suspension sits about 40mm lower thanks to the M030 European Sports Suspension and the struts are braced with a new alloy bar. Visually the most noticeable difference is the addition of two rear-quarter vents as found on the 959, a larger deck spoiler, and treatment to the front to better direct airflow.

Our Spotlight car, rare, special, and in perfect condition, sold at RM Sotheby's for $962,000. Quite a bit less than where these cars peaked in 2018 at $1.7m, and $8,000 less than what this exact car sold for on Bring a Trailer eleven months ago after a No Sale at RM's Amelia Island auction a few years ago.

While the price is much less than the peak, that car had less than 100 miles on the odometer while our car has 22,000. But what we find interesting is just how close in proximity the prices for the car were between the online sale and the RM event. I'm sure the Bring a Trailer buyer had high hopes of buying online and flipping at the extravagant Arizona event. But in this day and age, online players are on par with the best auction houses out there. We'll see if this one was well-bought next time it appears at auction. We suggest they run it online.

NOTEWORTHY SALES

• $362,500 for a delivery-miles 2022 911 GT3 Touring 6sp. Looks like someone doesn't read the Stuttgart Market Letter and overpaid dearly.
• Big money for a 996 Turbo Cabriolet, but with only 7,000 miles and a market that is hungry for 6-speed Turbo Cabriolets, this 2005 Turbo S was sold at a market correct $140,000.
• We'd be remiss if we didn't talk about our top sale of the day, this 1987 959 Komfort that sold for $1,682,500. Although there could have been a few hundred thousand dollars more here, the price paid is in-line with the milage at roughly 15k. Well-bought on a market correct sale.

NEW LISTINGS

• Low-mileage 996 GT and 4S cars like this 8k-Mile 2004 911 GT3 are coming out of the woodwork and showing no signs of softening either.
• Sand Beige is one of those colors you either love or hate, but it looks perfect on this 1967 911S Coupe 5-Speed. The car wears an older but extremely accurate restoration and would definitely be a contender at the club concourse level.
• Holy miles Batman! 276,049 of them in fact on this 1987 911 G50 Sunroof Delete finished in the rare shade of Lagoon Green Metallic. Worth picking up due to the color alone, but at what price?

AUCTIONS ENDED 1/27

1987 Porsche 959 Komfort $1,682,500 RM Sotheby's

2005 Porsche Carrera GT $1,242,500 RM Sotheby's

2005 Porsche Carrera GT $1,033,500 Bonhams

1993 Porsche 911 Turbo S 'Lightweight' $962,000 RM Sotheby's

1994 Porsche 911 Turbo S X85 'Flat-Nose' $830,000 RM Sotheby's

1997 Porsche 911 Turbo S $549,500 RM Sotheby's

1989 Porsche 911 Turbo Cab. 'Flat-Nose' $417,500 RM Sotheby's

2011 Porsche 911 GT3 RS $406,500 RM Sotheby's

1956 Porsche 356 Pre-A Super Speedster $362,500 Bomhams

2022 Porsche 911 GT3 Touring 6sp $362,500 RM Sotheby's

1956 Porsche 356 A Super Speedster $335,000 RM Sotheby's

1954 Porsche 356 Pre-A Coupe $295,400 Bonhams

1960 Porsche 356 Super 90 'Outlaw' Coupe $246,400 Bonhams

2021 Porsche 911 Turbo S Cab. $240,000 Bring a Trailer

1955 Porsche 356 Pre-A Continental Coupe $221,200 Bonhams

1968 Porsche 911T Custom Coupe $220,000 Barrett-Jackson

1972 Porsche 911S Targa 5sp $218,400 Bonhams

1963 Porsche 356B Super Cab. $217,280 Bonhams

1994 Porsche 911 Speedster 5sp $210,000 Bonhams

1966 Porsche 911 2.0 'Outlaw' Coupe $184,800 Bonhams

1989 Porsche 911 Turbo Cab. 5sp $178,400 Bonhams

2018 Porsche 911 GT3 6sp $174,500 PCARMARKET

2022 Porsche 911 GTS Coupe 7sp $159,900 Bring a Trailer

1994 Porsche 911 C4 'Turbo Look' Coupe $156,800 Bonhams

2012 Porsche 911 Turbo S Cab. 918 Edition $151,200 Bonhams

2015 Porsche 911 GT3 $145,000 Bring a Trailer

2005 Porsche 911 Turbo S Cab. 6sp $140,000 Bring a Trailer

1996 Porsche 911 C4 $137,500 Barrett-Jackson

1964 Porsche 356 C 'GT Outlaw' Coupe $136,640 Bonhams

1964 Porsche 356 SC Coupe $128,800 Bonhams

1977 Porsche 911S Coupe 5sp $120,000 Bring a Trailer

1970 Porsche 911E Targa $106,400 RM Sotheby's

2007 Porsche 911 Turbo $99,000 Barrett-Jackson

1977 Porsche 911S Targa 5sp $98,000 Bonhams

2001 Porsche 911 Turbo 5sp $94,000 Bring a Trailer

1975 Porsche 911 Coupe 5sp $90,000 Bring a Trailer

1978 Porsche 928 5sp 86,800 Bonhams

1975 Porsche 911 Targa 5sp $82,500 Barrett-Jackson

1992 Porsche 968 Club Sport 6sp $80,000 Bring a Trailer

1988 Porsche 911 Cab. 5sp $64,400 Bonhams

1987 Porsche 911 Cab. 5sp $61,600 Bonhams

2007 Porsche 911 Coupe 6sp $45,000 Bring a Trailer

1978 Porsche 911SC Targa 5sp $45,000 Bring a Trailer

1983 Porsche 911SC Coupe 5sp $42,000 PCARMARKET

2004 Porsche 911 40th Anniversary Coupe 6sp $40,000 Bring a Trailer

1969 Porsche 911E Coupe 5sp $36,500 Bring a Trailer

2013 Porsche Cayenne S $36,000 Bring a Trailer

1979 Porsche 911SC Coupe Slant Nose Conversion $34,000 Bring a Trailer

2009 Porsche Cayman 5sp $27,500 Cars & Bids

2005 Porsche 911 Turbo S Cab. 6sp Ruf $25,000 PCARMARKET

1992 Porsche 968 Cab. 6sp $23,500 Bring a Trailer

2014 Porsche Cayenne S Hybrid $23,500 Cars & Bids

1979 Porsche 928 5sp $22,400 Bonhams

2004 Porsche 911 GT3 No Sale Bonhams

1966 Porsche 911 Coupe 5sp No Sale Bonhams

1952 Porsche 356 Pre-A 1500S Cab. No Sale Bonhams

1978 Porsche 911 Turbo Coupe 'Ruf BTR' No Sale Bonhams

1963 Porsche 356B Coupe No Sale Bonhams

1989 Porsche 911 Turbo Coupe No Sale Bonhams

1997 Porsche 911 Turbo Coupe No Sale Bonhams

1977 Porsche 911 Targa 'Turbo Look' No Sale RM Sotheby's

*Prices in Red denote a high bid and no sale