Turbo Tuesday

Good Morning! Hope you enjoyed the long weekend behind the wheel, I know I did. While the stats for the weekend look sold at $1.6m in dollar volume and a sell-through rate of 73%, the weekend vs. Monday was quite lopsided with only 10 auctions ending yesterday for a total dollar volume of $388k and a 60% sell-through rate. Maybe BaT should take Memorial Day off next year.

THE MARKET

Sell-Through Rate (STR): 73%
Market Volume ($): $1,693,592
Market Volume (Units): 30

TOP SALES

1996 Porsche 911 Turbo $301,000 Bring a Trailer
2023 Porsche 911 Turbo S Coupe $256,500 Bring a Trailer
2019 Porsche 911 GT3 $196,000 Bring a Trailer
2018 Porsche 911 GT3 $183,000 Bring a Trailer
2014 Porsche 911 Turbo S Cab. $121,000 Bring a Trailer

SPOTLIGHT

While the standard 996 received a lot of flak for its water-cooled engine, the 996 Turbo on the other hand was a hit right out of the box due in part to its 3.6-liter flat-six derived from the 1998 Le Mans winning 911 GT1 race car. In standard form, the 996 Turbo produced 414 hp, but if one ticked the extra-special X50 box, they received an engine upgraded with larger turbochargers, intercoolers, and a revised ECU producing a whopping 444 hp.

X50 Turbos typically trade at a premium compared to standard Turbos, sometimes to the tune of over $10,000. Throw in a rare color and that premium can be as high as $30,000. Although not a rare color, today’s Spotlight car, this 2002 911 Turbo Coupe 6-Speed, is a factory-equipped X50 example.

Finished in Arctic Silver over Black Leather, this X50 has been modified with 18” BBS Wheels, a JL Audio Amplifier, an aftermarket rear speaker shelf, a Valentine radar detector, and a DK Links dash cam. With over 100,000 miles on the odometer, some might say run. But with the almost bullet-proof Mezger engine, and plenty of service records, I for one wouldn’t even blink.

It sold yesterday for $45,000. When looking at comps over 100k, the majority of cars are non-X50 examples save for one, a 115,000-mile example that sold for $53,496 in August of last year. Maybe it was the mileage, maybe it was the fact that the auction ended on a holiday, whatever the case, the buyer absolutely stole this X50. Very well bought here with not much to lose as you pile on more miles.

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.