Porsche 997 Price Update

Good Morning! As you’re reading this we are en route to JFK to catch a flight to Jacksonville for the Amelia Island Concours and all of the auction action that comes with it. We might just get the chance to Photo Credit ourselves in the next few issues!

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THE MARKET

Sell-Through Rate: 75%
Market Volume ($): $575,300
Market Volume (Units): 16

• Even with a decent amount of units and a sell-through rate in the mid-70s, we were fairly light on dollar volume thanks to only one car selling over $100k.

TOP SALES

2007 Porsche 911 GT3 6sp $121,000 PCARMARKET
2016 Porsche Boxster Spyder 6sp 85,600 PCARMARKET
1976 Porsche 911S Targa $75,000 Bring a Trailer
2014 Porsche Cayenne Turbo S $57,000 Bring a Trailer
2017 Porsche Macan GTS $47,500 Cars & Bids

SPOTLIGHT

This 2007 911 GT3 comes finished in a classic combination of GT Silver Metallic over Black Leather. It features options such as Porsche’s Sport Chrono Package, Sound Package Plus, and Adaptive Sports Seats. The car also comes with a few modifications not from the factory: HRE wheels, H&R lowering springs, and welded Shark Works coolant hoses. With 20,000 miles on the clock, our Spotlight car sold for $121,000 yesterday on PCARMARKET.

Just 12 days ago another 997 GT3 sold for $121,000. That car, however, had 73,000 miles on the odometer. So was our Spotlight car the steal of the century? Or was the 73k-mile car extremely well sold?

Looking at the market for GT3s over the past year, the closest example by mileage was a 22,000-mile car that sold for $138,000. The next closest was a 25,000-mile car that sold for $115,000. So our car was at least in the range, but closer to the $115k than the $138k.

That difference probably comes down to the aftermarket parts and the lack of originals accompanying the sale. The car itself was meticulously maintained, presented well with original paint, and included books and keys. Everything you would want…. except the stock wheels and springs. We could live with the aftermarket items, and so can the buyer. Well-bought.

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