1972 911T Targa Price Fails To Bring The Money

Good Morning! Another down day in the market with our sell-through rate failing to reach 70% and our dollar volume well below $1m. Mecum kicked off but only sold one out of three Porsches on offer for the day and Marqued and PCARMARKET both went 0 for 2.

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THE MARKET

Sell-Through Rate: 63%
Market Volume ($): $636,750
Market Volume (Units): 16

TOP SALES

2019 Porsche 911 GT3 6sp. $210,000 Bring a Trailer
1985 Porsche 911 Turbo $127,000 Bring a Trailer
1973 Porsche 911 Coupe $76,000 Bring a Trailer
2015 Porsche Boxster GTS $60,500 Bring a Trailer
2007 Porsche Cayman S 3.7L 6sp $49,250 Bring a Trailer

SPOTLIGHT

1972 was an interesting year for Porsche’s 911 as it was the only year that Porsche offered an external oil filler located on the passenger side rear fender. Rumor has it that this ölklappe was scrapped after only one year due to uninformed service station attendants putting gasoline in the oil tank and like all things Porsche, collectors love the rarity.

This 1972 911T Targa ölklappe is finished in Light Blue over Black with Pepita inserts and has been driven only 2,000 km since restoration and is offered out of a collection in the Netherlands. The car is in beautiful condition and features the optional Appearance Group which includes a leather-covered steering wheel and instrument dials from the 911S.

Average pricing for these 2.4-liter cars hovers just shy of $100k with a high sale of $170,000 for a stunning Aubergine example that sold at Amelia Island in March of 2022 and plenty of projects $50k and below. When looking at price differences between 1972 and 1973 cars, ‘73 cars have a slightly higher average, most likely attributed to a much larger sample size and not the rarity of the ölklappe.

Our Spotlight car was bid to $115,000, slightly higher than average but far from where the seller wants to be for such a nicely restored example. What most likely hurt the sale of the car was the color and location. Although finished in a beautiful Light Blue, it isn’t a factory Porsche color. With plenty of historic blues to choose from, it’s odd that the owner chose something different, but apparently, it was to match other non-Porsches in their collection.

And being offered in the Netherlands probably didn’t help either. Yes, many cars are sold at auction sight unseen overseas, but they are typically sold by traditional auction houses or online auction houses with a much larger worldwide audience. Had the car been located here in the US or on another platform and been finished in a historic Blue from the early ‘70s, this little Targa could have touched last year’s high sale.

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