A New Record For a 993 C4 Cabriolet

Good Morning! It’s been a long 14 hours of travel but we’ve finally made it to Palm Springs! In market news, what a weekend. Over $1.5m in volume off of only 19 cars and an 84% sell-through rate, really makes you forget about the rest of last week doesn’t it?

THE MARKET

Sell-Through Rate (STR): 84%
Market Volume ($): $1,695,017
Market Volume (Units): 19

TOP SALES

1997 Porsche 911 Turbo S $474,000 Bring a Trailer
1997 Porsche 911 C4 Cab. X51 6sp $242,999 Bring a Trailer
1996 Porsche 911 Turbo $221,564 Bring a Trailer
2022 Porsche 911 Targa 4 GTS $187,000 Bring a Trailer
2014 Porsche 911 Turbo S Cab. $115,100 Bring a Trailer

SPOTLIGHT

Regarding the hierarchy of 993s, Carrera 4 Cabriolets usually occupy the ladder's bottom rung while cars like that include Turbo, RS, or GT in their name bring the bids. But as we know, the market is full of surprises, especially when it comes to unique specs.

This 30,000-mile 1997 911 Carrera 4 Cabriolet is finished in Paint to Sample Riviera Blue over Leather to Sample Provence Blue and fitted with a 6-speed transmission along with the 300 hp X51 power package, 18” “hollow-spoke” Technology Wheels, HI-Fi Sound, and so much more.

Over the last five years, the 993 C4 Cabriolet market has remained fairly strong, but still well below $100k. In fact, only one C4 Cabriolet has sold over $100k, a 21,000-mile example that sold for $120,000 in April 2022. And then along came this car, selling for $242,999, more than double our last high sale.

It’s a beautiful example finished in a one-of-a-kind color combination and a few rare options including a bump in power. But still, $242,999? Extremely well sold in a market that seemed to be softening up until today.

To read the FULL Stuttgart Market Letter, with Noteworthy Sales (and No Sales), New Listings, and a full rundown of every Porsche sold today, subscribe below.