1970 911T Arbitrage

Good Morning! Now that’s some metal moved! Almost $2m in sales yesterday thanks to a number of cars selling for over $200k and 7 out of 23 cars selling for over $100k. Not bad for a Thursday in April.

THE MARKET

Sell-Through Rate (STR): 83%
Market Volume ($): $1,910,304
Market Volume (Units): 23

TOP SALES

2023 Porsche 911 GT3 Touring $295,000 Bring a Trailer
2019 Porsche 911 GT3 RS Weissach $220,000 Bring a Trailer
2022 Porsche 911 Targa 4S $215,000 Bring a Trailer
2010 Porsche 911 Turbo Coupe 6sp $172,000 Bring a Trailer
2019 Porsche 911 GTS Coupe $134,000 Bring a Trailer

SPOTLIGHT

Released in 1970, Porsche’s second-generation 911 called the C Series was similar to the original 911 on the outside but saw the engine displacement increase to 2.2 liters and the track increase a couple of inches. Three models were produced with the E and S being fuel-injected and the T carbureted with the lowest horsepower. Many Porschephiles consider the T the purest driver of the bunch as it was lighter than the other models and kept the carbs.

Today’s Spotlight car, the 1970 911T Coupe pictured above was originally a US car but was exported to the UK in 2017 where it received a bare-metal respray in Signal Orange, reupholstering of the cabin in Black leatherette; and a rebuild of its 2.2-liter engine and the five-speed transaxle with a few upgrades. The car returned to the US earlier this year and was subsequently offered for sale.

As with any 911 of this vintage, prices vary drastically from a low of $27,000 for a project car to a bit over $100,000 for a freshly restored example. Of course, there are outliers such as the single-family-owned 1971 example that brought $171,911 earlier this year and had boatloads of patina.

Our Spotlight car sold yesterday on Bring a Trailer at a final bid of $115,000. While the restoration looked fairly fresh you can tell that the car was driven some but overall presented extremely well. $115k is at the top of the range for this model here in the US and one can only imagine what the seller paid for the car out of the Netherlands. Whether they made a few dollars or not (and they most likely did), this example was well sold and the second-highest US sale we’ve seen in the last 12 months.

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