Porsche Market Recap for December 2023

While this month’s sell-through rate was once again below average at 68%, total dollar volume reached a higher than average sum of over $40m thanks to a number of high-end cars coming to market, including two Carrera GTs, a 959, and 918 Spyder. We also saw the lowest sale of  the year with a 1980 924 project car fetching $500.

 

While that bottom of the market sale is impressively low, our top sale, a 2005 Carrera GT finished in GT Silver Metallic over an Ascot Brown interior showing just 601 miles was equally impressive at a final bid of $1,781,420, a price we haven’t seen since the summer of 2022. Earlier in the month a Fayence Yellow over Dark Grey 2005 Carrera GT sold for $1,400,000 with just under 9,000 miles on the clock. Other million-dollar sales included a rare 2019 935 at $1,626,000, a 1988 959 Komfort that brought $1,600,000, a $1,450,000 918 Spyder with Weissach Package, and a 1994 911 Turbo S 3.6 that just cracked the $1m mark at $1,075,000.

 

Certain GT cars were also impressive this month with a 4,000-mile Guards Red 2011 911 GT2 RS bringing a top-of-the-market price of $705,000. This was a very strong sale against a $480,000 average for 997.2 GT2 RS’. Also on the GT2 front was a 2003 911 GT2 that brought a solid number at $192,000 and a pair of 2018 GT2 RS’ that brought $278,000 and $350,750.

 

992 GT3s continued their slide this month with winged cars selling at an average price of $231,000 and a top sale of $260,000 for a 6-speed example finished in Paint to Sample Gulf Blue. 6-speed Tourings were a little stronger with two cars selling for $255,000 and $279,000 as they distance themselves further from the $300k mark. We also saw one more GT3 RS Weissach car come to market but it failed to sell at a final bid of $380,000.

 

356s were a mixed bag with our top sale being a 1965 356 SC Sunroof Coupe selling for $160,000, a good clip above the $123,000 average we’ve seen over the last twelve months. We also saw strong results for 356 Cs with two examples selling north of $120,000 propping the later 356 market up after a few disappointing sales and no-sales. One notable no sale for the month was a 1958 356 A Speedster that failed to sell at a final bid of $293,000, which wasn’t far off from other transactions we’ve seen lately.

 

On the normal 911 front, SCs and Carrera 3.2s had a hard time selling as only half the cars offered found homes in November with modified versions of both generations taking top honors. 964s continued their climb with a number of coupes above the $100k mark and a sell-through rate of 75%. Your standard 993, 996, and 997s on the other hand were fairly flat all around, whether Coupe, Cabriolet, or a 4 or S.

 

As we head into the final month of the year, it looks like the overall market has steadied after a bit of a softening. However, with big sales from RM Sotheby’s of The White Collection, and cars offered during NYC’s Luxury Week, we expect some impressive results as a number of cars offered are prime collector examples of the best of what Porsche has produced.

 

• David K. Whitlock is a writer for The Stuttgart Market Letter, a daily market update for Porschephiles, by Porschephiles, delivered free to your inbox. To sign up, go to: stuttgartmarketletter.com