Almost A New Record For This 993 Targa

Good Morning! It looks like the April showers kept buyers inside bidding all weekend as we saw almost $2m in sales led by several rare 993s; a 1997 993 Turbo S and a 1995 993 RS Clubsport. While both these 993s sold for significant amounts of money, they were market lows for the last 12 months. A sign of some cooling perhaps?

THE MARKET

Sell-Through Rate (STR): 83%
Market Volume ($): $1,738,842
Market Volume (Units): 23

TOP SALES

1997 Porsche 911 Turbo S $465,000 Bring a Trailer
1995 Porsche 911 RS Clubsport $296,000 Bring a Trailer
1969 Porsche 911S Coupe $151,911 Bring a Trailer
1986 Porsche 911 Targa M491 $137,491 Bring a Trailer
2008 Porsche 911 Turbo Coupe $111,000 Bring a Trailer

SPOTLIGHT

Debuting in January of 1994 for the 1995 model year in the US, Porsche’s 993 was much improved over the previous 964 generation 911 and completely redesigned from the ground up with only 20% of parts carrying over. Also new for the 993 generations was the debut of the “greenhouse” Targa top system. Whereas previous 911 Targa’s had removable roof panels, the “greenhouse” system featured a retractable glass roof that retracted underneath the rear window giving the car a large opening above the passengers.

The Targa was based on the Cabriolet version of the car with the “greenhouse” system put in place of the retractable fabric roof. Looking at the profile of the 993 you can see that the back corner of the rear window comes to a point with the other tell-tale being the distinctive three-piece 17” wheels.

For years these “greenhouse” Targa’s represented the lower rungs of pricing for the 993 and the 996 and 997 generations that followed. Prior to 2020 993 Targas hovered around $50k before taking off during the pandemic with cars frequently selling over $60,000 and one US example hitting $110,000.

Our Spotlight car, the 1996 911 Targa 6-Speed pictured above, is finished in an attractive shade of Midnight Blue Metallic over Classic Grey Leather. It has only two previous owners as listed on the CARFAX and comes with plenty of service records which include a comprehensive engine-out service in 2021.

The car sold for $101,000 over the weekend making it only the second US car to achieve over $100k in the last five years. At 49,000 miles it’s on the lower end of the mileage spectrum but not the lowest. What drove the price here was the service history. The buyer got not only a very well-kept example but one that shouldn’t need any major servicing for quite some time and the seller got good money for keeping up with their car. Both parties should be happy with the price paid. Well-sold and well-bought in my opinion.

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