1988 911 Turbo M505 Slant Nose Pricing

Good Morning! I think this might be a new record for the number of different auctions we have had in one day, and together they produced quite the dollar volume and unit volume, especially for a Thursday.

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THE MARKET

Sell-Through Rate: 74%
Market Volume ($): $1,790,236
Market Volume (Units): 31

TOP SALES

1997 Porsche 911 Turbo $265,000 Bring a Trailer
2022 Porsche 911 Turbo S Coupe $252,000 Bring a Trailer
2022 Porsche 911 Targa 4 GTS 7sp $200,000 Bring a Trailer
1988 Porsche 911 Turbo Coupe M505 $160,000 Bring a Trailer
1970 Porsche 914-6 $125,000 Bring a Trailer

SPOTLIGHT

You would be right if you’ve felt like we’ve seen an influx of M505 Slant Nose Turbos in this newsletter. In the last twelve months, we’ve seen 14 cars sell with twelve of them within the past six months and nine since the beginning of the year.

The M505 Slant Nose option was officially a standard Porsche option in 1988 although you could order one through Porsche’s Special Wishes program as early as 1981. Our Spotlight car, the 1988 911 Turbo Coupe M505 pictured above, is a factory M505 car finished in Red over Black leather but was originally a Black car having been repainted under previous ownership.

Average prices over the past year have been over $200k with a top sale of $300,000 for a recent 3,000-mile example finished in White. Pricing also seems to stay above the $200k mark until around 60k miles as it drops considerably.

Our Spotlight car shows 45,000 miles on the odometer, which would have put it in above $200k based on mileage, but it was listed as True Mileage Unknown (TMU) and ended up selling for $160,000. But it wasn’t mileage alone that softened this price. The repaint looked tidy in pictures but you could see a few stone chips and light scratches. But the real pricing pressure most likely came from the undercarriage pics as they looked to be of a car way past 45k.

At $160k, this 911 Turbo provides a lot of looks and go for the money. Plus it will always be a real M505 at the end of the day. Well-bought and well-sold here as both parties should be happy with the price.

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