Porsche 987 Boxster Spyder Pricing Update

Good Morning! Sometimes there are deals to be had, like the one below in today’s Spotlight, and sometimes it’s better to hold than let a car go for under market when there are no signs of slowing down. Grab your coffee and enjoy today’s market letter!

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THE MARKET

Sell-Through Rate: 78%
Market Volume ($): $724,143
Market Volume (Units): 18

• Our sell-through rate was up there but a lack of $100k sales resulted in a dollar total of less than $1m. The Porsche market has been out-performing the collector car market as a whole and looks to continue to do so with numbers like this on a daily basis.

TOP SALES

2019 Porsche 911 GT3 Touring 6sp $223,000 Bring a Trailer
1985 Porsche 911 Turbo Coupe M505 Conversion $82,000 Bring a Trailer
1968 Porsche 911 Coupe $77,000 Bring a Trailer
2012 Porsche Boxster Spyder 6sp $60,372 Bring a Trailer
1977 Porsche 911S Coupe $57,500 Bring a Trailer

SPOTLIGHT

When unveiled at the 2009 Los Angeles Auto Show, the original 987 Boxster Spyder was the lightest Porsche available at the time. Add to that 10 extra horsepower, an inch closer to the ground, and a firmer suspension setup and you have a recipe for the perfect sports car.

The 2012 Boxster Spyder pictured above is a final-year example of the original generation and has only 13,000 miles on the odometer. Finished in Black over Black, some of the initial weight savings were added back into this car via an optional sound system and heated sports seats. It sold yesterday on Bring a Trailer for $60,372, about $10,000 under the market.

So why so cheap? Although not necessarily conceived as a limited production model, it’s estimated that roughly 1,900 were made during the production run with less than half of those coming to the US. So it’s not like there are a lot of them out there and demand is waning.

The car presented well in the listing although paint meter readings and thorough service history were not provided. And after 5 reported owners, who knows what might have happened? But for that to affect pricing by $10k, I doubt it.

At the end of the day, I think the final bid just inched over the seller’s reserve, and with nobody else in on the action, the buyer got the deal of the year so far. Well bought for sure. But if this is where Boxster Spyder prices are heading, sign me up.

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